What Is Goodwill? How It’s Created, Measured, and Tested for Impairment

Goodwill is the portion of a business’s value that cannot be tied to identifiable tangible or separately recognized intangible assets, and it often represents the premium a buyer is willing to pay for expected future earnings, customer relationships, brand strength, and other synergies. For privately held businesses, goodwill matters because it frequently becomes the largest […]

Financial Services M&A: How Banks, RIAs, and Fintechs Are Valued in Deals

In financial services mergers and acquisitions, valuation is rarely a single, universal multiple. Banks are often judged through the lens of book value, tangible book value, earnings power, and regulatory capital. Registered investment advisors are typically priced off recurring revenue and assets under management, with cash flow quality and client retention carrying significant weight. Fintechs […]

Building Products M&A: Consolidation and Valuation Drivers

Building products businesses often look straightforward from the outside, but their valuation can change quickly depending on distribution scale, housing cycle exposure, and the quality of their pro-channel customer mix. In mergers and acquisitions, these factors shape not only earnings power, but also perceived durability, working capital needs, and risk-adjusted cash flow, which directly influence […]

Medtech and Medical Device M&A: Valuation Considerations

Medical technology and medical device mergers and acquisitions often command premium pricing, but those premiums are not driven by headlines alone. In valuation terms, the real question is how regulatory milestones, reimbursement risk, product pipeline quality, and commercialization visibility affect future cash flow, discount rates, and the appropriate market multiple. For privately held medtech businesses, […]

Oil and Gas M&A: Valuation and Deal Structures in the Current Cycle

Oil and gas mergers and acquisitions are often discussed in terms of reserves, commodity prices, and transaction structure, but for business owners the central question is simpler, what is the business actually worth under an appraisal standard such as fair market value? In the current cycle, valuation work in upstream and oilfield-services transactions depends heavily […]

Healthcare M&A Advisory: Valuations and Deal Trends in 2026

Healthcare mergers and acquisitions in 2026 are being shaped by a simple valuation reality, buyers are paying close attention to not just earnings quality, but also regulatory risk, reimbursement stability, payer concentration, and the durability of growth. For privately held healthcare businesses, whether physician groups, home health agencies, or behavioral health providers, the most important […]

Financial Modeling Consultants: What They Build and When to Bring One In

Financial modeling consultants play an important role in business valuation because the quality of a valuation is only as strong as the financial model behind it. For privately held businesses, especially those preparing for a sale, recapitalization, litigation support, shareholder dispute, or estate planning, the right model can clarify normalized earnings, forecast performance, test downside […]

Corporate Advisory Services: What They Cover and Who Provides Them

Corporate advisory services can sound broad, but for business owners the valuation question is straightforward: which advisory assignment changes what a privately held company is worth, why, and under what assumptions. Capital raising, mergers and acquisitions, restructuring, and related advisory work all affect enterprise value, equity value, and transaction pricing in different ways. Understanding the […]

Business Advisory Services: What’s Included and When to Hire an Advisor

Business advisory services can influence both the value of a privately held business and the credibility of a valuation assignment, but only when they are understood in context. For business owners, the most important question is not whether an advisor can help, but how advisory support affects financial performance, normalized earnings, risk, transferability, and ultimately […]

Litigation Support Services: How Financial Experts Assist Legal Teams

Litigation support services play a critical role in business valuation because commercial disputes often turn on what a company was worth, how damages should be measured, or whether a prior valuation conclusion can withstand scrutiny. For privately held businesses, financial experts help legal teams translate operating data, contracts, tax returns, projections, and market evidence into […]