Greetings. Here are your Articles for April 2019
|
|
How to Choose the Right Appraiser
|
Authored by,
Frank Merenda
CVA, ASA, BCA, CMEA, MBA, MSChE
Managing Director
Sobel Valuations LLC
When there is a need to know the value of your business or ownership in a private company, real or personal property, or intangible assets, the answer should come from a qualified certified or licensed appraiser. Should you, as a business or asset owner, choose the first person you meet or the person offering the lowest price to give you a value for your business, property, and/or assets?
An appraisal is an independent, unbiased opinion of value given by a qualified, certified or licensed appraiser with the experience and competence to form a credible opinion of value.
So how does a company choose the right appraiser for their needs?
|
Lee Diestelow, BSChE, MBA, MCMEA
Senior Valuation Analyst
Sobel Valuations LLC
This month we would like to introduce you to our Sobel Valuations team member Lee Diestelow and share his extraordinary story with you all.
From the age of six Lee has lived in Pennsylvania after undergoing a relocation (from Chicago!) when his father was transferred here.
In the mid-1970s Lee spent some time as a co-op student at a chemical company called PQ Corp where he first met Frank Merenda and Tom Gudowicz. When he graduated with a degree in chemical engineering and a Masters in Business he went on to another company where he remained for 29 years. During those three decades he juggled a variety of responsibilities starting at the proverbial drafting table and moving on to roles that included operations and engineering, collecting data and helping to develop new plant processes. His experiences also included areas such as sales, marketing, business operations, business management and business restructuring. Over the tenure of his career, he had many employees who reported directly to him. He also had as many as 30 employees who he was indirectly responsible for. As a result he grew a deep proficiency in understanding profitability and finances – such that he could draft budgets and other financial documents that reflected his knowledge of taking a profit versus cost approach based on the market influences on the economic situation.
|
|
|
|
Rebecca B. Fitzhugh, CPA, CFF, CFE, CIT, CIGA
Member of the Firm, Forensic Accounting/Litigation Services
Rebecca Fitzhugh is a Member of the Firm in Forensic Accounting/Litigation Services and has over eighteen years of experience in forensic accounting, litigation services, and public accounting. She has served clients in industries including government, construction, manufacturing, commercial real estate, nonprofit and retail. Ms. Fitzhugh led the 1 World Trade Center Integrity Monitoring team for the firm and also played a key role in the management of the joint venture through which the firm participated in this project. She has provided expert witness testimony and expert reports in a number of shareholder disputes and other forensic accounting matters.
|
|
|
|
Frank Merenda, CVA, ASA, BCA, CMEA, MBA, MSChE
Managing Director, Sobel Valuations LLC
Prior to being named as the Managing Director of Sobel Valuations LLC, a wholly owned subsidiary of SobelCo, Frank L. Merenda served as the President and CEO of EAC Valuations, LLC. Beginning in May 2007, under Frank’s guidance and vision, the firm developed a well-recognized brand as a leader in the valuations community. EAC, formerly known as Enterprise Appraisal Company, provided in-depth and trusted appraisals and valuation reports since 1971, managing engagements around the world and across the street, completing nearly 14,000 appraisals for clients ranging from multi-national, multi-billion dollar Fortune 100 companies and financial institutions, to privately-held, local manufacturing and services companies.
Frank has been certified to provide machinery and equipment, inventory, intangible asset and business entity appraisals including valuation of patents, IPR&D, trade names and trademarks, and proprietary technology, both as stand-alone valuation assignments, and part of a purchase price allocation.
|
|
SobelCo. | 973-994-9494 | SobelCoLLC.com
|
|
|
|
|
|
|
