Shannon P. Pratt, CFA, FASA, ARM, ABAR, MCBC, CM&AA, is a well-known authority in the field of business valuation and has written numerous books that articulate many of the concepts used in modern business valuation around the world.
Shannon Pratt is Chairman and CEO of Shannon Pratt Valuations, Inc., a business valuation firm headquartered in Portland, Oregon. He is also a member of the board of directors of Paulson Capital Corporation, an investment banking firm that specializes in small cap IPOs.
Over the last 35 years, he has performed valuation engagements for mergers and acquisitions, employee stock ownership plans (ESOPs), fairness opinions, gift and estate taxes, incentive stock options, buy-sell agreements, corporate and partnership dissolutions, dissenting stockholder actions, damages, marital dissolutions, and many other business valuation purposes. He has testified in a wide variety of federal and state courts across the country and frequently participates in arbitration and mediation proceedings.
He holds an undergraduate degree in business administration from the University of Washington and a doctorate in business administration, majoring in finance, from Indiana University. He is a Fellow of the American Society of Appraisers, a Master Certified Business Appraiser, a CFA charterholder, a Master Certified Business Counselor, and is certified in mergers and acquisitions.
Dr. Pratt's professional recognitions include being designated a life member of the Business Valuation Committee of the American Society of Appraisers, a life member of the American Society of Appraisers, past chairman and a life member of the ESOP Association Advisory Committee on Valuation, a life member of the Institute of Business Appraisers, the Magna Cum Laude in Business Appraisal award from the National Association of Certified Valuation Analysts, and the distinguished service award of the Portland Society of Financial Analysts. He recently completed two three-year terms as trustee-at-large of the Appraisal Foundation.
Dr. Pratt is the author of Valuing a Business: The Analysis and Appraisal of Closely Held Companies, 5th edition, available in 2007, and the co-author of Valuing Small Businesses and Professional Practices, 3rd edition, published by McGraw-Hill. He is the co-author with Roger Grabowski of the forthcoming Cost of Capital: Applications and Examples, available in 2008, the co-author with Jay Fishman and William Morrison of Standards of Value, author of The Market Approach to Valuing Businesses, 2nd edition, Business Valuation Body of Knowledge, Business Valuation Discounts and Premiums, and co-author with the Honorable David Laro of Business Valuation and Taxes: Procedure, Law and Perspective, all published by John Wiley & Sons, and The Lawyer's Business Valuation Handbook, published by the American Bar Association. He is also co-author of Guide to Business Valuations, 17th edition, published by Practitioners Publishing Company.
He is publisher emeritus of a monthly newsletter, Business Valuation Update (primarily for the professional appraisal community).
Dr. Pratt develops and teaches business valuation courses for the American Society of Appraisers and the American Institute of Certified Public Accountants, and frequently speaks on business valuation at national legal, professional, and trade association meetings. He also developed and often teaches a full-day seminar (sometimes divided into two partial days) on business valuation for judges and lawyers.
Alina V. Niculita, CFA, ASA, MBA, is President and COO of Shannon Pratt Valuations, Inc. She is a CFA charterholder and a Senior Member of the American Society of Appraisers in business valuation. She is also a member of CFA Institute, the American Society of Appraisers, and the Licensing Executives Society.
At Shannon Pratt Business Valuations, Ms. Niculita works on all aspects of case management including the fundamental aspects of business valuation and economic analysis and report writing. Ms. Niculita has been involved in business valuation engagements for various purposes such as transactions in company stock, estate and gift taxes, and litigation support. Ms. Niculita has also worked on valuations of intangible assets and fairness and solvency opinions. Ms. Niculita is an assistant author of Valuing a Business: The Analysis and Appraisal of Closely Held Companies, 5th edition (2008), and a co-author of Business Valuation Body of Knowledge Workbook, 2nd Edition and the Cost of Capital Workbook.
Before joining Shannon Pratt Business Valuations, Ms. Niculita was a financial editor of publications and resources for valuation professionals for Business Valuation Resources including being the managing editor of Shannon Pratt's Business Valuation Update©, BVLibrary™, and the Economic Outlook Update™.
Ms. Niculita received a dual MBA in finance from the Joseph M. Katz Graduate School of Business, University of Pittsburgh and from the Czech Management Center, Czech Republic. She also received a B.S. in economics with a concentration in banking and finance from the Academy of Economic Studies, Bucharest, Romania.
Kimberly Linebarger, ASA, CVA, is a Senior Financial Analyst with Shannon Pratt Valuations, Inc. At Shannon Pratt Valuations, Mrs. Linebarger is a case manager and performs expert witness testimony. Mrs. Linebarger has managed or assisted on valuation projects for a variety of purposes including shareholder disputes, marital dissolution, merger and acquisition, report review, damage actions and estate matters.
She has contributed to multiple publications on business valuation; Valuing a Business: The Analysis and Appraisal of Closely Held Companies, Fifth Edition, The Lawyer's Business Valuation Handbook: Understanding Financial Statements, Appraisal Reports and Expert Testimony, Second Edition, Business Valuation Discounts and Premiums, Second Edition, and BVR's Guide to Personal vs. Enterprise Goodwill. She was project manager of Cost of Capital: Applications and Examples, Third Edition.
She holds a Bachelor of Science in Business Administration, with an emphasis in Finance, from Portland State University. Mrs. Linebarger is an Accredited Senior Appraiser in Business Valuation of the American Society of Appraisers. She is a Certified Valuation Analyst with the National Association of Certified Valuators and Analysts (NACVA) and currently serves on NACVA's Valuation Credentialing Board. Mrs. Linebarger passed Level I in 2012 and Level II in 2013 of the CFA examination.
Noah J. Gordon, Esq., is Legal Counsel for Shannon Pratt Valuations, Inc., where he is regularly involved with business valuations. He regularly contributes to business valuation publications and has served as a contributing author and editor of several legal treatises and publications. He has recently contributed to The Lawyer's Business Valuation Handbook, 2nd edition (2010), Guide to Business Valuations, 20th edition (2010), Business Valuation Discounts and Premiums, 2nd edition (2009), Valuing a Business: The Analysis and Appraisal of Closely Held Companies, 5th edition (2008), Cost of Capital: Applications and Examples, 3rd edition (2008), Standards of Value (2006), and The Market Approach to Valuing a Business, 2nd edition (2005). He was the Associate Editor of Shannon Pratt's Business Valuation Update®, Economic Outlook Update™, and BV Q&A Update™ for Business Valuation Resources. Mr. Gordon also was an Executive Editor with Wolters Kluwer/Aspen Publishers and a Managing Editor with Prentice Hall in those publishers' legal publications divisions. He also maintains a freelance editorial business. Mr. Gordon is admitted to the bars of Oregon, New York, New Jersey (resigned), the District of Columbia (resigned), and the United States Supreme Court. He holds a Bachelor of Arts in Political Science and a Bachelor of Arts in French Literature from Haverford College, and a Juris Doctor from the Benjamin N. Cardozo School of Law.
Business Valuation | Mergers & Acquisitions | Gift and Estate Taxes | ESOP Employee Stock Ownership Plans | Damage Actions | Discounts and Premiums | Approaches to Value | Income Approach | Market Approach | Asset Approach | Expert Testimony | Marital Dissolution | Valuation Analyses | Valuation Report Reviews | Arbitrations | Liquidation | Tax Appraisal | Goodwill Valuation | Lost Profits | Intellectual Property | Intangible Assets | Medical Practice Valuation | Mediation | Cost of Capital | Business Appraiser | Fractional Interest | LLC Valuation