2021 Business Valuations Year in Review

 

Written by: Chandler Simich

Last month we reflected back on the many Financial Forensic assignments worked on in 2021. This month, we highlight our Business Valuation Services and all of our accomplishments during 2021.

Cogence Group has over 30 years of experience performing business valuations for our closely held business clients. We work in many types of industries and provide a few different types of valuations to best fit our clients’ needs. Whether it be valuing for estate and gift tax return filing, succession planning, or one of many other purposes, our team at Cogence Group has the integrity, experience, passion, and credibility to provide professional, reliable, and understandable business valuations.

The following is our Business Valuation recap for 2021

2021 BY THE NUMBERS

The team members here at Cogence Group were engaged in 49 Business Valuation matters during 2021

2021 PROJECT BREAKDOWN

Business Valuation matters comprised 32% of our total 2021 services

We provided Business Valuation Services for the following purposes: Estate and Gift Tax, Internal Planning, Valuations in Litigation, Marital Dissolution, Purchase or Sale of a Business, and Succession Planning

We performed 32 full Valuations (65%), 12 Calculations (25%), and 5 consulting engagements (10%)

One of our projects involved valuing an ownership interest in a U.S. technology company, having a complex equity structure, with an indicated equity value over one billion dollars


The matters we worked on spanned the following 17 industries:

  • Aviation (2%)

  • Cannabis (6%)

  • Commercial & Residential Real Estate (27%)

  • Consulting Services (4%)

  • Contractors and Specialty Subcontractors (11%)

  • Engineering Services (2%)

  • Food & Beverage (6%)

  • Funeral Home Industry (2%)

  • Hotel (2%)

  • Intellectual Property (4%)

  • Lumber (2%)

  • Manufacturing (16%)

  • Retail (4%)

  • Security Services (2%)

  • Taxidermy (4%)

  • Technology (4%)

  • Transportation (2%)

We valued a company in the food & beverage industry which had recently undergone financial hardship and was in the midst of handling significant industry challenges related to the pandemic, supply-chain issues, and not being able to find labor

Overall, the companies we valued generally had

revenues ranging from a half a million to tens of millions of dollars.

 

LOOKING AHEAD!

As we celebrate the end of 2021, and the new year, we would like to extend our deep gratitude to all our clients and all who have contributed to our success in 2021.

 
ValuationChandler Simich