Business Valuations

Cendrowski Corporate Advisors has assisted attorneys with business valuations for more than 35 years. We take pride in our ability to develop the proper analytical design, structure, and methodology appropriate for legal valuations.

Our team is well-versed in the application of business valuation techniques most appropriate for your situation. CCA’s analyses not only survive the scrutiny of judges, juries, and federal regulatory bodies, they are lucidly conveyed by our valuation professionals serving as expert witnesses in court proceedings.

CCA has provided business valuation services for large public corporations as well as closely held firms. We have also provided our services in cases of dissident shareholder actions, partnership disputes, asset sales, divorce, and estate and gift tax planning.

CCA’s team members have extensive academic and professional experience with respect to business valuations. Members of our team teach business valuation courses at the undergraduate and graduate levels in national universities and colleges. CCA’s team members bring an average of more than 30 years’ academic and professional experience with respect to business valuations.

Our valuation professionals also hold the American Institute of Certified Public Accountants (AICPA) and Accredited in Business Valuation (ABV) credentials.

We provide valuations of:

• Acquisition targets
• Private equity portfolio companies
• Buy-sell agreements
• Joint ventures
• Limited partnerships
• Sub S corporations
• Minority interests
• Professional practices
• Industrial equipment
• ESOPs
• Patents, trademarks, and copyright secrets.

Example Engagement: Inventory Valuation

We were retained by the buyer to determine the “proper” value of the company’s inventory. The buyer believed that the seller had inflated the book value of the inventory used in the determination of the inventory. We found that the seller had used an inflated, hypothetical, book value for the inventory rather than its net realizable value. Net realizable value is the market values of the inventories less any costs required to complete the work in process and dispose of them.

We performed a valuation of the raw material, work in process, and finished goods inventory for determining the correct purchase price in an acquisition. Our investigation and analysis found that the seller had overstated the inventory by several hundreds of thousands of dollars and our findings contributed to a substantial savings for the buyer.