Investment Banking

We have valued hundreds of operating companies and are very familiar with each of the following industries in which we specialize:

Unlike asset holding companies, operating companies have a lot of moving parts. Determination of Net Asset Value (as in FLPs) is only the beginning. In addition to the Cost Approach, the valuer must also consider the Income and Market Approaches to value. While most privately held companies can be valued as a multiple of earnings, the unique circumstances surrounding a need for a valuation can cause the need for different valuation approaches. In a buy/sell agreement, the parties often are looking for fair value without discounts as opposed to Fair Market Value. There are different valuation standards for different purposes. An owner who wants to know how much his company is worth is looking for Investment Value.

We have experience in working with privately-held companies and are thoroughly knowledgeable about capital markets. We have provided financial advisory and transaction services in over 100 M&A and private placement transactions through our affiliate, Tucker Capital Advisors LLC (www.tuckercapitaladvisors.com).