MEMBERS
HARRY BAKER, BCBA
Baker Appraisals, Inc.
88 South 10th Street, Suite 400
Minneapolis, Minnesota 55403
Phone: 612.337.5682
Fax: 612.344.1635
Email: BAppraised@aol.com
Mr. Baker is President and owner of Baker Appraisals, Inc. Harry is a Board Certified Business Appraiser. Memberships include the National Association of Master Appraisers; the North Central Chapter of the Institute of Business Appraisers (Past President), and the Minnesota Commercial Association of Realtors. Mr. Baker is a licensed real estate Broker in Minnesota with a specialty in business brokerage and commercial real estate. Litigation experience includes expert witness court testimony in arbitration hearings and district courts throughout Minnesota. Mr. Baker has over 25 years of business valuation experience. His concentration is small businesses with revenues usually under $5,000,000.
_________________________________________________________ DARWIN BENZ, CPA, CBA
Wilkerson, Guthmann & Johnson, Ltd.
55 East Fifth Street, Suite 1300
St. Paul, Minnesota 55101
Phone: 651.222.1801
Fax: 651.297.6929
Email: DBenz@WilkersonCPA.com
Mr. Benz is a shareholder in the firm of Wilkerson, Guthmann & Johnson, Ltd. He is a member of the American Institute of Certified Public Accountants, the Minnesota Society of Certified Public Accountants, the ESOP Association, the Institute of Business Appraisers, and the National Litigation Support Services Association.
www.WilkersonCPA.com _________________________________________________________
RICHARD C. BERNING, CPA/ABV, CBA, CVA, CFF, CFP, CMA
Berning & Heidebrecht, Ltd.
809 Meander Court
Medina, Minnesota 55340
Phone: 952.544.1212
Fax: 952.767.0112
Email: Rick@BHExperts.com
Mr. Berning’s credentials include being a CPA, Accredited in Business Valuation (ABV), a Certified Business Appraiser (CBA), a Certified Valuation Analyst (CVA), Certified in Financial Forensics (CFF), a Certified Financial Planner (CFP) and a Certified Management Accountant (CMA). He has been involved in hundreds of business valuations involving companies with revenues from $100,000 to over $600,000,000. Mr. Berning is a frequent speaker, both locally and nationally, on business valuation and divorce-related topics. He has acted as a court-appointed neutral expert and has provided expert witness testimony on many occasions.
Mr. Berning’s litigation support experience includes extensive work in the divorce area, including involvement in more than 1,000 divorce proceedings. His work in the divorce area includes business valuations, spousal maintenance calculations, tax consulting, non-marital tracing and frequent expert witness testimony. Berning & Heidebrecht, Ltd. is dedicated exclusively to providing business valuation and litigation support services.
www.BHExperts.com
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JERRY A. BREMER, CPA, CFF
CBIZ & Mayer Hoffman McCann P.C.
1000 Campbell Mithun Tower
222 South Ninth Street
Minneapolis, Minnesota 55402
Phone: 612.339.7811
Fax: 612.339.9845
Email: JBremer@CBIZ.com
Mr. Bremer is a Shareholder and Director in the Minneapolis office. Jerry has over 30 years experience in the valuation of closely-held businesses, valuation of economic loss, bankruptcy matters, fraud accounting, professional malpractice and other litigation. He has provided testimony in administrative, civil and criminal matters and has received Court Appointments as Receiver, Bankruptcy Trustee, Binding Arbitrator, Mediator and Financial Expert. He is a past accounting instructor in the Minnesota Vocational and University Extension systems and is also a frequent lecturer on business valuation, merger, acquisition and economic litigation issues for professional education seminars.
www.CBIZ.com
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STEPHEN G. DENNIS, JD, CPA/ABV
Baune Dosen & Co LLP
600 South Hwy 169, Suite 1750
Minneapolis, Minnesota 55426
Phone: 952.473.2002
Fax: 952.473.2766
Email: SDennis@BauneDosen.com
Mr. Dennis is accredited in Business Valuation by the American Institute of Certified Public Accountants. Steve has performed hundreds of appraisals for marital dissolution proceedings, ESOP administration, shareholder disputes and corporate planning purposes. Listed in the Best Lawyers in America Directory of Experts, Mr. Dennis has served as an Adjunct Professor of Law at the University of Minnesota Law School. He has also served as a Court-appointed appraiser in Federal District Court as well as in most local county courts in the Minneapolis-St. Paul metro area.
www.BauneDosen.com
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JAY DUNPHY, CPA
Moquist Thorvilson Kaufmann Kennedy & Pieper LLC (MTK)
7650 Edinborough Way, Suite 225
Edina, Minnesota 55435
Phone: 952.656.2607
Fax: 952.854.1163
Email: Jay.Dunphy@MTKcpa.com
Mr. Dunphy is an Assurance Director with Carver Moquist & O’Connor, LLC. With over 16 years of experience, Jay specializes in audit and accounting, financial reporting, and business advisory services. He also has extensive experience in service, manufacturing, construction, printing, mortgage industry, franchises and non-profit organizations.
Jay received a Bachelor of Arts degree from Saint Mary’s College in Winona, Minnesota. He is a member of the American Institute of Certified Public Accountants; Minnesota Society of Certified Public Accountants; Association of Certified Fraud Examiners; Minnesota Association of Public Accountants; and the Institute of Business Appraisers, Inc. He is on the Minnesota Society of Public Accountants Ethics Committee and belongs to the Management Assistance Program for Non-profits as a volunteer board member to its members.
www.MTKcpa.com
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CASSANDRA ELGERSMA, CPA
Schechter Dokken Kanter
Andrews & Selcer Ltd.
100 Washington Avenue South, Suite 1600
Minneapolis, Minnesota 55401
Phone: 612.332.9387
Fax: 612.332.1529
E-mail: CElgersma@SDKcpa.com
Ms. Elgersma is a senior associate at Schechter Dokken Kanter and a member of the Forensic Accounting and Valuation Services group. The group performs consulting services relating to the computation of economic damages, forensic accounting and valuation services for legal counsel and businesses in a variety of industries.
Cassandra has experience in all of the services offered by the group and has dealt with matters in a variety of industries including technology, retail, manufacturing, green energy, agribusiness, and family law. Cassandra is a member of the AICPA, Association of CFEs (Twin Cities chapter), North Central Chapter of the Institute of Business Appraisers, and the Turnaround Management Association.
www.SDKcpa.com_________________________________________________________
MARK N. GEHRIG, CBA, ASA, CFA
Grant Thornton, LLP
500 U.S. Bank Plaza North
200 South Sixth Street
Minneapolis, Minnesota 55402
Phone: 612.677.5139
Fax: 612.332.8361
Email: Mark.Gehrig@GT.com
Mr. Gehrig specializes in the appraisal and valuation of businesses and fractional equity ownership interests. He has extensive experience in the appraisal of intellectual property and intangible assets and also performs valuation analyses of preferred stock, fixed income and derivative securities. Mark serves both publicly traded and privately held client companies.
The various reasons for which he has provided appraisal services include most tax, financial statement reporting, transactional and internal management planning functions. Notable among these are gift and estate tax, GRAT, 141/142 purchase price allocation/goodwill impairment analysis, merger and acquisition, buy-sell agreements, charitable donation, recapitalization, entity conversion, condemnation, general corporate planning, financing, ESOP, and various regulatory requirements. Mark has testified in both federal tax and state court, served as a court appointed neutral appraiser, and regularly serves on dispute resolution appraisal panels. Mark was formerly employed by Arthur Andersen, LLP; American Appraisal Company; and Patchin Appraisals, Inc.
www.GrantThornton.com
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PAUL J. HALVERSON, ASA
527 Marquette Ave., S., Suite 1700
Minneapolis, Minnesota 55402
Phone: 612.230.3100
Email: paul.halverson@chartwellcapitalsolutions.com
Paul has provided financial advisory services to privately-held companies since 1987. He is recognized as a leading authority on business valuation, particularly with respect to ownership transition issues. He has extensive experience assisting business owners in the transfer of ownership to family members, management teams and third parties. A substantial portion of his work relates to Employee Stock Ownership Plans and providing independent financial advisory services to ESOP Trustees and other corporate fiduciaries. Paul has been involved in structuring several complex transactions.
Paul is a nationally recognized speaker on business valuations. He has been featured at various events including The ESOP Association, the National Center for Employee Ownership and the American Society of Appraisers.
Paul is an active member of The ESOP Association, where he serves as a member of the Valuation Advisory Committee. He is also a member of the National Center for Employee Ownership, the American Society of Appraisers and the Institute of Business Appraisers.
Paul is an Accredited Senior Appraiser and Certified Business Appraiser. He is a past President of the Twin Cities Chapter of the American Society of Appraisers. Paul holds a Bachelor of Arts degree in finance, with honors, from the University of St. Thomas.
www.chartwellcapitalsolutions.com
__________________________________________________________JOHN C. HAWTHORNE, ASA, CFA, FIBA, MCBA
Investment Analysts Network, Inc.
502 Beltrami Avenue, Suite4
Bemidji, Minnesota 56601
Phone: 218.308.2322
Fax: 218.444.3530
Email: JCHawthorne@att.net
Mr. Hawthorne is President and sole owner of Investment Analysts Network, Inc. He established the company as a vehicle through which to perform independent valuation consulting and BV teaching assignments. He is a past member of the Business Valuation Committee of the ASA, past president of the Twin Cities/MN Chapter, a member of the ASA’s teaching faculty and a member of the ASA’s Speaker’s Bureau. During his 20+ years of practice, Mr. Hawthorne has participated in over 1,000 valuation and corporate financial consulting projects. Client corporations ranged in size from business start-ups to businesses with over $500 million in sales. Some of the specialized industries he has valued include: government contractors, telecommunications and dot.com companies, banking and insurance and agriculture-related companies.
In recognition of extraordinary contributions to NCCIBA, the Board has granted Lifetime Member status to Mr. Hawthorne.
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JOHN H. HEIDEBRECHT, ASA, MBA
Berning & Heidebrecht, Ltd.
809 Meander Court
Medina, Minnesota 55340
Phone: 952.544.1212
Fax: 952.767.0112
Email: John@BHExperts.com
Mr. Heidebrecht is recognized for his unique ability to manage complex business valuation, intangible asset valuation, non-marital asset tracing, commercial damages, lost profit, and other litigation support engagements while making potentially confusing issues easy for his clients to understand. John takes pride in every project, keeping clients ‘in the loop’ from start to finish.
John is a Shareholder at Berning & Heidebrecht, Ltd. He has performed hundreds of business valuations related to privately-held companies and intangible assets in a variety of venues in numerous industries with annual revenues ranging from $0 (start-up) to over $1 billion. John specializes in litigation support, having provided expert testimony and functioning as the court-appointed neutral expert on several occasions.
John earned a BSB in Finance and an MBA with a concentration in Finance. He is Vice President of NCCIBA and is an Accredited Senior Appraiser (ASA) of the American Society of Appraisers, recently serving two terms as President of the ASA Twin Cities Chapter. Berning & Heidebrecht, Ltd. is dedicated exclusively to providing business valuation and litigation support services.
www.BHExperts.com
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THOMAS HELLING, MBA, CPA, MCBA
Presidents Solutions, Inc.
5005 Aldrich Avenue South
Minneapolis, Minnesota 55419
Phone: 612.824.8030
Cell: 612.518.1190
Email: Tom@PresidentsSolutions.com
Thomas Helling of Presidents Solutions, Inc. in Minneapolis is a 24-year veteran in the business transition area. Tom has been involved in buying, selling and valuing over 500 closely-held businesses from under $1 million to $180 million in annual revenues. Tom has spoken for national conferences, executive committee groups, financial and insurance organizations, chambers of commerce, board trustees and business-owner groups in the Midwest. He is one of 33 Master CBAs in the United States.
www.PresidentsSolutions.com
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LARRY A. HEMPLER
Newcombe, Hansen, Hempler, Inc.
7710 Computer Avenue, Suite 140
Minneapolis, Minnesota 55435-5417
Phone: 952.831.4511
Fax: 952.831.4451
Email: nhhempler@qwestoffice.net
______________________________________________________________________
WILLIAM C. HERBER, CBA
Shenehon Company
88 South Tenth Street, Suite 400
Minneapolis, Minnesota 55403
Phone: 612.333.6533
Fax: 612.344.1635
Email: BHerber@Shenehon.com
Mr. Herber is Vice President and Director of the Business Valuation Group for Shenehon Company. Shenehon is a commercial real estate and business valuation firm located in Minneapolis, Minnesota. Bill has over 23 years of valuation experience, specializing in estate and gift, buy/sell agreements, mergers and acquisitions, divorces and special use properties. He is published in both local and national trade journals and has served as an instructor for numerous seminars. He has also testified in various court settings, including Federal Tax Court. Mr. Herber received his BA in Accounting from the University of St. Thomas and is accredited as a “Certified Business Appraiser” by the Institute of Business Appraisers (IBA).
www.Shenehon.com
_________________________________________________________
GARY JOHNSON
Calhoun Companies
4940 Viking Drive, Suite 450
Minneapolis, Minnesota 55435
Phone: 952.831.3300
Fax: 952.831.6516
Email: Gary@CalhounCompanies.com
Mr. Johnson graduated from the University of North Dakota with a degree in Business Administration and an emphasis in accounting. In 1980, he joined Calhoun companies, a brokerage company established in 1908, and a leader in the sale of businesses in the upper Midwest for over 50 years. Gary became President in 1983 and is currently a co-owner. Calhoun sells 90-110 businesses a year in the five-state area. Gary is licensed in the following states: Minnesota, Iowa, North and South Dakota. He holds the designation of CBI (Certified Business Intermediary) from the International Business Brokers Association (IBBA). He is also a Fellow of the IBBA, a distinction awarded to members who have made significant contributions to the Association. He was a member of the Board of Directors from 2000-2007 and served as Chair in 2006. He is also a Charter member of Nation-List International.
www.CalhounCompanies.com
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JOSEPH D. KENYON, CPA/ABV, CFE
Schechter Dokken Kanter
Andrews & Selcer Ltd.
100 Washington Avenue South, Suite 1600
Minneapolis, Minnesota 55401
Phone: 612.332.9304
Fax: 612.332.1529
Email: JKenyon@SDKcpa.com
Mr. Kenyon is managing shareholder at Schechter Dokken Kanter CPAs. He is in charge of the firm’s Forensic Accounting and Valuation Services group. The group performs consulting services relating to the computation of economic damages, forensic accounting and valuation services for legal counsel and businesses in a variety of industries.
Joe has over thirty years of experience in public accounting and has performed numerous business valuations, economic damage studies, forensic accounting, fraud investigations, expert testimony, assistance with discovery and analyses of documents and financial data. He also has experience in dealing with companies in bankruptcy or work out situations and providing arbitration or mediation services to resolve business and professional disputes. He has testified as an expert regarding business valuations, complex business litigation, and fraud related matters.
Joe is Past President of
the Minnesota Society of CPAs, past member of Council, the governing body of
the American Institute of CPAs, and Past President of the North Central Chapter
of the Institute of Business Appraisers, a past chair of the Alternative
Dispute Resolution Section of the Minnesota State Bar Association and Past
President of the Turnaround Management Association.
www.SDKcpa.com
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DAVID G. KIWUS, CPA, CMA, CFE
Schechter Dokken Kanter
Andrews & Selcer Ltd.
100 Washington Avenue South, Suite 1600
Minneapolis, Minnesota 55401
Phone: 612.332.9339
Fax: 612.332.1529
Email: DKiwus@SDKcpa.com
Dave, a shareholder at Schechter Dokken Kanter CPAs, brings over twenty years experience to the Forensic Accounting and Valuation Services group. The group performs consulting services relating to the computation of economic damages, forensic accounting and valuation services for legal counsel and businesses in a variety of industries.
Dave specializes in assisting legal counsel regarding valuation services, economic damages, fraud/financial investigations, lost profits and family law matters for various sized businesses and industries. He performs investigations to determine under- or over-reported revenues, expenses and assets. He has testified locally and nationally regarding the work performed.
Dave is a member of the AICPA, Minnesota Society of CPAs, Association of CFEs (past local president), NCCIBA (Past President), Institute of Management Accountants, Association of Insolvency and Reorganization Accountants, and Turnaround Management Association.
www.SDKcpa.com _________________________________________________________GINGER KNUTSEN, CPA/ABV
Schechter Dokken Kanter
Andrews & Selcer Ltd.
100 Washington Avenue South, Suite 1600
Minneapolis, Minnesota 55401
Phone: 612.332.9313
Fax: 612.332.1529
Email: GKnutsen@SDKcpa.com
Ms. Knutsen, current President of NCCIBA, is a senior manager at Schechter Dokken Kanter CPAs. She works in the Forensic Accounting and Valuation Services Group. The group performs consulting services relating to the computation of economic damages, forensic accounting and valuation services for legal counsel and businesses in a variety of industries.
Ginger has over ten years
experience providing valuation services for businesses, forensic accounting,
computations of economic damages and lost profits, and forecasts and
projections for start-up businesses. She has served as the court-appointed
neutral expert for litigation and valuation matters.
Ginger is a member of the
AICPA, Minnesota Society of CPAs, Association of CFEs, NCCIBA (current
president), and Turnaround Management Association (treasurer and
president-elect).
_________________________________________________________
KAREN C. KRITTA, CPA/ABV, CVA
Karen C. Kritta, CPA
123 Cedar Grove Lane
P.O. Box 982
Grand Marais, Minnesota 55604
Phone: 651.270.1445
Fax: 218.387.2896
Email: Karen@KCKrittacpa.com
Ms. Kritta has over 26 years of experience in both public accounting and industry, providing consulting services to individuals and closely-held businesses. She specializes in litigation support and business valuations, primarily in the family law area.
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MILES LOCKETZ, CBA, CPA/ABV
Lehrman, Flom & Co., PLLP
600 Highway 169 South, Suite 820
Minneapolis, Minnesota 55426
Phone: 952.546.5306
Fax: 952.546.8882
Email: MHL@LehrmanFlom.com
Mr. Locketz has over 45 years experience in accounting, auditing, tax consulting, business valuation, litigation support and business consultation. He is accredited as a “Certified Business Appraiser” by the Institute of Business Appraisers and also accredited in Business Valuation by the American Institute of Certified Public Accountants. He is a frequent speaker at legal, accounting and other forums on tax and business valuation subjects. He is a member of both the Taxation and Business Valuation and Forensic & Litigation Consulting sections of the AICPA. He formerly was a member of the National Review Board of AICPA. He has served as chairperson of Minnesota Society of CPAs Professional Ethics Committee. He has appeared as an expert witness in Federal and State courts for business valuations and as a court-appointed appraiser.
www.LehrmanFlom.com
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MICHAEL W. MEAGHER, CBA, MBA
BWM & Associates, Inc.
5901 Long Brake Trail
Edina, Minnesota 55439
Phone: 612.759.4833
Fax: 952.546.9001
Email: MWMeagher@aol.com
Mr. Meagher has over 25 years of management and financial consulting experience. He is a member of the Institute of the Business Appraisers. Mike completed his MBA at Stanford University. Following that, he worked for Chase Manhattan Bank in New York, NY. During his time with Chase, Mike spent two years in Brazil managing a $200 million loan portfolio. Subsequently, he founded and served as CFO for the San Francisco Grocery Express. Upon its sale, Mike joined Merrill Lynch Private Capital as a Senior Associate. He is experienced in the financial analysis and due diligence aspects of private companies for financial transaction purposes. He also served as the lead analyst in the approval process for bridge loans, acquisition, and asset sales of companies. Most recently, Mike served as a Senior Manager with Allianz Life Insurance Company, where he managed 25 employees and directed a $150 million business unit.
www.mwmassociates.com
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CHARLES A. MILLER
Shenehon Company
88 South 10th Street, Suite 400
Minneapolis, Minnesota 55403
Phone: 612.333.6533
Fax: 612.344.1635
Email: CMiller@Shenehon.com
Mr. Miller is a valuation analyst at Shenehon Company where he prepares professional valuations and market analyses of business enterprises, real estate, and intangible property rights. Shenehon is a commercial real estate and business valuation firm located in Minneapolis, MN. Chuck has performed business valuations for companies across a wide range of industries with annual revenues ranging from start up status to over $800 million and has performed real estate appraisals for various property types including office/industrial, golf course, commercial, mixed use, and manufactured home parks. He received his MBA in Finance from the Carlson School of Management at the University of Minnesota and a BA in Business Administration from Concordia College in Moorhead, Minnesota. He has 16 years of financial management and valuation related experience including several years as a senior financial analyst at Marshall Field’s and as a real estate assessor and deputy registrar with Ramsey County. Chuck is a Registered Real Property Appraiser in the State of Minnesota.
www.Shenehon.com
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STEVEN J. NELSON, ASA, CBA
Chartwell Capital Solutions
17th Floor Rand Tower
527 Marquette Avenue South
Minneapolis, Minnesota 55402
Phone: 612.230.3131
Fax: 612.230.3101
Email: Steven.Nelson@ChartwellCapitalSolutions.com
Mr. Nelson has provided financial advisory services to privately-held companies since 1991 and is a recognized authority on business valuation and ownership transition issues. He specializes in valuation issues related to ESOPs and is an active member of the ESOP Association and the NCEO. Throughout his career, Mr. Nelson has advised clients on a wide variety of corporate finance, valuation and fairness issues for ESOP, mergers, acquisitions and divestitures, general corporate and tax related purposes.
He has performed valuations as a court-appointed appraiser and his valuation opinions have withstood scrutiny by the Internal Revenue Service and the Department of Labor.
He has written articles and made various presentations on valuation topics for professional groups including the Minnesota Chapter of the ESOP Association, National Center for Employee Ownership and various boards of directors.
www.ChartwellCapitalSolutions.com
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RICHARD J. REESE, CFA, AVA
R. J. Reese & Co., Inc.
4445 West 77th Street, Suite 203
Edina, Minnesota 55435
Phone: 952.941.8331
Fax: 952.941.5664
Email: Rick@RJReese.com
Mr. Reese specializes solely in the valuation of closely-held companies, professional practices, partnerships, and other types of businesses and business interests. Rick holds the Chartered Financial Analyst (CFA) designation from the CFA Institute, and is an Accredited Valuation Analyst (AVA) with the National Association of Certified Valuation Analysts. He has over 20 years of professional experience including valuation of public and private companies, investment portfolio management, and financial consulting. He is a member of the American Society of Appraisers, the National Association of Certified Valuation Analysts, the CFA Institute, the Twin Cities Society of Security Analysts, and the North Central Chapter of the Institute of Business Appraisers.
www.RJReese.com
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JENNIFER SCHIEFERT
Schechter Dokken Kanter
Andrews & Selcer, Ltd.
100 Washington Avenue South, Suite 1600
Minneapolis, Minnesota 55401
Phone: 612.332.9382
Fax: 612.332.1529
Email: JSchiefert@SDKcpa.com
Ms. Schiefert is a manager at Schechter Dokken Kanter and a member of the Forensic Accounting and Valuation Services group. The group performs consulting services relating to the computation of economic damages, forensic accounting and valuation services for legal counsel and businesses in a variety of industries.
Jennifer has experience in
all of the services offered by the group and has dealt with matters in a
variety of industries including manufacturing, banking, retail and family law. Jennifer is a member of the AICPA, Minnesota
Society of CPAs, Association of CFEs (Twin Cities chapter), NCCIBA , and
Turnaround Management Association.
_________________________________________________________
RANDALL K. SCHOSTAG, CFA, MCBA, ASA, AVA, BVAL
MN Business Valuation Group
223 Little Canada Road
St. Paul, Minnesota 55117
Phone: 612.240.0309
Fax: 612.677.3881
Email: RSchostag@BusValGroup.com
Randall (Randy) Schostag has conducted business analysis, valuations, and deal structuring for more than 30 years. He is president of Randall Schostag Inc., doing business as Minnesota Business Valuation Group; LLC. MBVG is a wholly owned subsidiary of Olsen Thielen & Company, LTD St. Paul.
Randy is a Chartered Financial Analyst (CFA) (Association for Investment Management and Research - AIMR), a Master Certified Business Appraiser (MCBA) (Institute of Business Appraisers - IBA), and an Accredited Senior Appraiser (ASA) (American Society of Appraisers - ASA). In addition, Randy has earned the designation of Accredited Valuation Analyst (AVA) from the National Association of Certified Valuation Analysts (NACVA) and the designation of Business Valuator Accredited for Litigation (BVAL) from IBA.
Randy has provided litigation support on valuation matters, including working with court panels, bench report submissions, and expert testimony, and has also been a plaintiff in a valuation damages matter which required mediation, arbitration, federal district court, as well as appeals. He has completed valuation/consulting engagements for estate settlements and gift transactions, employee stock ownership plans, buy/sell agreements, merger/acquisition transactions, shareholder oppression, management buyouts, options, technology, intangible assets, early-stage companies, 141 purchase price allocation, 142 goodwill impairment, 123 (R) employee option valuation, as well as SFAS 133 & 144.
www.BusValGroup.com
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PATRICK K. SCHMIDT, ASA
Schmidt Financial, Inc.
15600 36th Avenue North, Suite 240
Plymouth, Minnesota 55446
Phone: 763.473.3578
Fax: 763.557.6091
Email: Pat@valcongrp.com
Mr. Schmidt has been working exclusively in the area of business valuation since graduating with an MBA in finance from the University of Minnesota in 1991. Pat has appraised in excess of 1,000 privately-held businesses and has significant experience in the manufacturing, banking, healthcare and construction industries. He also has significant experience in the area of litigation support, including marital dissolution. Mr. Schmidt is a Senior Member of the American Society of Appraisers and a member of the Institute of Business Appraisers. He is also an adjunct instructor at the University of St. Thomas.
www.valcongrp.com
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“DJ” DALJIT SIKKA
Restaurant Brokers of MN, Inc.
6010 Highway 7
St. Louis Park, Minnesota 55416
Phone: 952.929.9273
Fax: 952.922.1514
Email: DJSikka@RestaurantsforSale.com
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DAVID STENE, CPA/ABV, CMA, CVA
Eide Bailly, LLP
5601 Green Valley Drive, Suite 700
Bloomington, Minnesota 55437
Phone: 952.918.3518
Fax: 952.944.8496
Email: DStene@EideBailly.com
Mr. Stene is a partner with Eide Bailly, LLP, a regional consulting and certified public accounting firm. Dave specializes in audit and consulting services to a wide variety of closely held businesses and other entities, including gift and estate appraisals, family limited partnerships, merger and acquisition services, business appraisals and litigation support. Dave is the U.S. chairman of the HLB network. Eide Bailly LLP was recently ranked as one of the top 25 CPA firms in the country and has approximately 1200 staff members serving clients from 20 offices.
www.EideBailly.com
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ROBERT J. STRACHOTA, MCBA, MAI, CRE, BVAL, FIBA
Shenehon Company
88 South 10th Street, Suite 400
Minneapolis, Minnesota 55403
Phone: 612.333.6533
Fax: 612.344.1635
Email: Value@Shenehon.com
Mr. Strachota is President of Shenehon Company. He has a B.A. in Finance, and a Masters in Business Administration. He has over 30 years of appraisal experience in the preparation of real estate and business enterprise valuations. He has served as an expert witness in numerous Federal, State and District courts, commission hearings and special government proceedings. He has served as an ad hoc professor for three degree-accredited universities, and as an instructor for various seminars and extension courses. He has acted as a court-approved arbitrator, commissioner or magistrate on numerous real estate and business valuation disputes. His writing experience includes published articles in various local and national trade journals.
www.Shenehon.com
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KEVIN SULLIVAN, CPA/ABV
Sullivan & Company, Ltd.
1134 Schooner Way, Suite 1
St. Paul, Minnesota 55125
Phone: 612.384.8243
Fax: 651.731.9059
Email: KevinSullivanCPA@SullivanandCompanyLtd.com
Mr. Sullivan is President of Sullivan & Co., Ltd., a consulting firm specializing in business valuation and CFO services for companies in the financial services, transportation, construction, manufacturing and services industries. Kevin’s experience includes advising management and owners of businesses on business strategy and profitability improvement. He also performs business valuations for gift and estate taxes, acquisitions or sale of a business, shareholder disputes and arbitration. Kevin graduated from the University of Minnesota and is accredited in business valuation by the AICPA.
www.SullivanandCompanyLtd.com
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RICHARD THORSEN, CPA/ABV, CMEA, CVA
Business Valuations
500 East Grant Street, Suite 1901
Minneapolis, Minnesota 55404
Phone: 612.332.8482
Fax: 612.332.1618
Email: DickThorsen@msn.com
Mr. Thorsen, CPA has performed appraisals of a wide variety of businesses, including professional practices, manufacturing and distribution businesses. Dick has had extensive experience in the banking and construction industries, and is past National Treasurer of the Associated Builders & Contractors. Valuation service for mediators has been a special area of practice. Dick is also accredited by the National Equipment and Business Brokerage Institute, as a Certified Machinery and Equipment Appraiser.
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SCOT A. TORKELSON, CBA
Shenehon Company
88 South 10th Street, Suite 400
Minneapolis, Minnesota 55403
Phone: 612.333.6533
Fax: 612.344.1635
Email: STorkelson@Shenehon.com
Mr. Torkelson is Vice President-Director of Information Systems at Shenehon Company. He is a Senior Business Appraiser, with over 19 years of business valuation experience. Scot specializes in the areas of estate and gift, intangible asset valuation, high technology and start-up companies, and special problems. He is a member of the IBA. Scot prepares lectures for seminars and classes at the University of St. Thomas, and is a frequent speaker at national and local conferences of the Institute for Business Appraisers.
www.Shenehon.com
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DARWIN VOLTIN
McGladrey & Pullen, LLP
801 Nicollet Avenue
11th Floor West Tower
Minneapolis, Minnesota 55402-2526
Phone: 612.376.9576
Fax: 612.395.3976
Email: Darwin.Voltin@RSMI.com
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JAMES L. WERNESS, JD
Hawthorne Company
7105 Fleetwood Drive
Edina, Minnesota 55439
Phone: 952.886.4379
Fax: 952.886.4383
Email: JWerness@HawthorneFinancial.com
Mr. Werness has been exclusively engaged in performing business appraisals since 1992. He has completed hundreds of business appraisal projects for a wide variety of purposes including estate and gift, limited partnerships, ESOPs, charitable gifts, mergers & acquisitions, buy/sell agreements and leveraged buyouts. He is a past president of the North Central Chapter of the Institute of Business Appraisers, has been a member in good standing of the national Institute of Business appraisers (IBA) for 12+ years, and is a candidate member of the American Society of Appraisers (ASA).
www.HawthorneFinancial.com