Knox & Co., as part of its corporate advisory
business, is continually engaged in the valuation of businesses
and their securities in connection with the following:
- Mergers and Acquisitions
- Shareholder Buyouts
- Estate Issues
Determining the market value of a business is based on comprehensive
research and analysis of a company, industry comparisons and future
earnings potential. Unlike others who perform valuations as a mechanical
exercise, we do not view valuation as a mathematical exercise of
computing numbers, adjusting financial statements and making comparisons
to other companies. The process of valuation includes a good bit
of subjectivity and market related judgment on our part, reflecting
factors we believe to be relevant based on our experience in these
matters, as to the range of likely achievable values for the company.
While many firms specialize in academic and theoretical valuations,
our extensive background in making markets (the buyers and sellers
of companies) is critical to identifying true benchmarks for clients.
We have advised boards of directors, investors and special committees
of companies to provide them with information regarding the fairness,
from a financial point of view, of pending transactions. Our experience
in valuations and mergers & acquisitions is critical in the
board's evaluation of its strategic alternatives and making sound
business decisions. This value is based on the personal experience
of our senior bankers in real world middle market transactions.
Knox & Co. does not end its involvement with a firm upon delivering
the valuation report or fairness opinion. Knox & Co. provides
the professional resources and discusses the strategic alternatives
available to business owners to achieve the values discussed in
the valuation report.