We've Moved The Blog

We moved our blog to our new web site bvchallenge.org.  The new blog is shown on the ribbon under the title and has the content of our latest blog. latest posts may be found on the far right of all of the web site pages.  Important blogs and articles are shown below the latest blog under the title "Articles."

This move puts everything in one place.  We hope this will make things more convenient for everyone.

We Have Modified Our Name

We have modified our name to more accurately reflect our vision and mission, both of which are shown below.  We are, of course, still sponsored by Business Valuation Resources, LLC (BVR) and Seattle Pacific University (SPU).  

Also, we have found that accounting students are expressing interest in valuation and should be included along with finance students in our competition.  Our mission reflects this.

Our vision: To help close the gap between typical textbook theory and professional appraisal practice, particularly as it applies to private and closely held assets. In support of this vision…

Our Mission:  To provide an annual private business valuation competition with cash prizes for teams of university accounting and finance students.  


We believe that a competition with cash prizes is one of the best ways to encourage the development of accounting and finance majors competent in valuing actual business asset combinations such as companies, divisions, and joint ventures.  Teams update by one year an actual professionally prepared business valuation report and make video and in-person presentations of their work to valuation professionals.

BVWire Report on the Valuation Challenge

The recent Business Valuation Resources' BVWire Issue #140-3 included a nice write-up about the Valuation Challenge.  Here it is in its entirety with the permission of BVR:

Budding BVers compete in BVR/SPU Valuation Challenge

Promising young business valuators competed in the third annual BVR/SPU Valuation Challenge at Seattle Pacific University (SPU). This year, for the first time, university teams and faculty from across the U.S. competed in the challenge. Also, unlike other finance competitions, students valued a real U.S. private company using special appraisal information in a contest judged by 20 of the nation's senior valuation experts. The experts selected six teams from among 18 U.S. university first-round entrants to come to Seattle for the final round.

And the winner is: The competition was won by the University of Denver. Portland State University took second-place honors, and SPU was third. Middle Tennessee State University, University of Maryland (University College), and William Paterson University were the other participants.

BVR provided research support to the competing student teams. Moss Adams provided a full valuation report with only names and some locations changed. Three local experts—Willis Eayrs, deputy chairman of the International Association of Consultants, Valuators and Analysts (IACVA); Joseph Maas, principal of Synergetic Finance; and Miranda Rickert, senior analyst at Moss Adams—judged the competition's final round. William Hanlin, CEO of IACVA, participated as a consultant.

BVR congratulates all of the students who competed in this year’s Valuation Challenge and gives its thanks to Dr. Herbert Kierulff, SPU professor, who runs the event. For more information on the BVR/SPU Valuation Challenge, click here.

DISTINGUISHED JUDGES

The 2014 BVR/SPU Valuation Challenge was fortunate to have a distinguished panel of judges evaluate the student presentations and advise us.  All of them hold senior positions in their valuation firms; many have made important and groundbreaking contributions to the literature and practice in their profession.  We congratulate them on their achievements and greatly appreciate their willingness to spend time and effort working with us and with the teams of students who participated.  We are proud to present them here with our thanks.

Rob Brewer, CPWA

SVP/Private Client Advisor

U.S. Trust, Bank of America Private Wealth Management

Peter J. Butler, CFA, ASA, MBA

Principal

Valtrend, LLC

Nathan DiNatale, CPA/ABV, CVA

Senior Vice President

SC&H Group, LLC

Robert Dohmeyer, ASA

Dohmeyer Valuation Corp

Willis E. Eayrs, CVA, CM&AA, CMAP, CEPA, ICVS

Deputy Chairman

IACVA e. V. International Association of

Consultants, Valuators and Analysts.

William A. Hanlin, Jr. CPA, CVA, CFE, CFD, ICVS

President & CEO

IACVA 

William L. "Larry" Houff, CPA, ABV, CVA, CFF
Partner

Carr, Riggs & Ingram, LLC

Jerome Karsh, CPA

Karsh Forensic Consulting, LLC

Joseph M. Maas, CFA, CVA, ABAR, CM&AA, CFP^®, ChFC, CLU^®, MSFS, CCIM

Founder and Principal

Synergetic Finance

Alina V. Niculita, CFA, ASA, MBA

President and COO  

Shannon Pratt Valuations, Inc.

Marek Omilian CFA

Managing Director 

Value Prism Consulting

Miranda Rickert

Senior Financial Analyst

Moss Adams, LLP

Katie Robinette CFA

Managing Director of Private Equity

Cornerstone Advisors  

Robert Schlegel, ASA, MCBA

Principal

Houlihan Valuation Advisors

Ronald L. Seigneur, MBA, CPA/ABV, ASA, CVA, CFF

Seigneur Gustafson LLP

Erich Sylvester, JD, MBA, ASA

Sylvester Valuation Group, Inc.

Gary R. Trugman CPA/ABV, MCBA, ASA, MVS

President

Trugman Valuation Associates, Inc.

Linda Trugman CPA/ABV, CBA, ASA, MBA

Vice President

Trugman Valuation Associates, Inc.

Mark L. Zyla CPA/ABV, CFA, ASA

Managing Director

Acuitas, Inc.

THIRD ANNUAL BVR/SPU VALUATION CHALLENGE: SEATTLE ROUND PRESENTERS AND FACULTY

My congratulations and thanks to my academic colleagues and to the team members who were selected for the final round of the BVR/SPU Valuation Challenge this year.  It was a privilege and a joy to work with you.  Here you are listed by university affiliation:

Middle Tennessee State University 

Presenters:

Nick Ferran,

Jack Coleman,

Nathan Jones

Blake Allen

Faculty:  Charles Beauchamp

Portland State University

Presenters:

Chris Park-Williams

Michael Bush

Khalid Alanazi

Shreya Goyal

Matt Jin

Cortny Bourbonnais

Faculty:  Janet Hamilton

Seattle Pacific University

Presenters:

Michael Brooks

Cody Dutton

Marco Price

David Zazzi

Faculty:  Herbert Kierulff

University of Denver

Presenters:

Jordyn Michaud

Suyun Gu

Ryan Stine

Daniel OLaughlin

Paul Diegnau

Douglas Brothers

Faculty:  Keith Sellers and Jeff Brothers

University of Maryland (University College)

Presenter:  Roman Morey 

Faculty:  William Marcoux, Jr.

William Paterson University

Presenters:

Elvis Pinos

Chris Vartanian

Michael Cerone

Osiris Mason

Sonia Morales

Sholpan Nugmanova

Faculty:  Peter Caiazzo