Mercer Capital Analysis

Provide valuation for $200 million dividend payment; Advise on $80 million business sale; Deliver fairness opinion for $200 million transaction; Conduct solvency assessment for payment of large dividend; Support litigation involving business damages and lost profits; Advise on equity-based compensation valuation; Render opinion on bank merger and acquisition

Mercer Capital provides business valuation services across various geographic areas in the United States, including specific regions such as Phoenix, Las Vegas, the Inland Empire of California, and various locations in Florida and Georgia. They are a full-service business valuation and financial advisory firm, indicating a broad national reach.

Mercer Capital offers several types of business valuation services, including:

1. Asset-Based Approach: This method focuses on the value of a company's assets, both tangible and intangible. It calculates the total value of the company's assets and subtracts liabilities to determine the net asset value. This approach is often used for companies with significant physical assets.

2. Income-Based Approach: This valuation method estimates the value of a business based on its ability to generate future income. It typically involves discounting future cash flows to their present value, reflecting the expected profitability of the business. This approach is suitable for businesses with stable and predictable earnings.

3. Market-Based Approach: This approach determines the value of a business by comparing it to similar businesses that have been sold recently. It uses market data to assess what buyers are willing to pay for similar companies, providing a benchmark for valuation. This method is effective in active markets with comparable sales data.

4. Corporate Valuation: This encompasses a comprehensive analysis of a company's overall value, considering various factors such as market conditions, financial performance, and strategic positioning.

5. Gift, Estate, and Income Tax Valuation: This service focuses on valuing businesses for tax purposes, ensuring compliance with regulations related to gifts, estates, and income taxes.

6. Buy-Sell Agreement Valuation: This involves determining the value of a business for the purpose of buy-sell agreements, which are contracts that outline how ownership interests will be transferred in the event of certain triggering events.

7. Financial Reporting Valuation: This service provides valuations required for financial reporting, ensuring that companies meet accounting standards and regulatory requirements.

8. ESOP and ERISA Valuation Services: These services are tailored for Employee Stock Ownership Plans (ESOPs) and comply with the Employee Retirement Income Security Act (ERISA), focusing on the valuation of shares for employee ownership.

9. Litigation and Expert Testimony Consulting: This involves providing expert valuation services in legal disputes, including litigation support and expert testimony.

Mercer Capital has worked on notable case studies, including a significant restructuring case involving Neiman Marcus. They estimated the value of the reorganized company upon exit from bankruptcy to be approximately $2.0 billion to $2.5 billion. Additionally, Mercer Capital has a portfolio that includes various case studies illustrating their valuation methodologies.

Mercer Capital holds several relevant certifications and qualifications in the field of business valuation, including:

• Accredited in Business Valuation (ABV) from the American Institute of Certified Public Accountants (AICPA).
• Certified Public Accountant (CPA).
• Accredited Senior Appraiser (ASA) from the American Society of Appraisers.
• Certified Valuation Analyst (CVA) from the National Association of Certified Valuation Analysts (NACVA).

Mercer Capital primarily serves the following industries for business valuation services:

1. Financial Institutions: This includes credit unions, depository institutions, financial technology, insurance, investment management, private equity firms, and specialty finance & REITs. These institutions require specialized valuation services due to their unique regulatory and operational environments.

2. Operating Companies: Mercer Capital provides valuation services across a wide range of operating companies, including:

   • Agribusiness: Tailored valuation services for agricultural businesses.
   • Animal Health: Focused on companies in the veterinary and animal care sectors.
   • Auto Dealerships: Valuation for automotive retail businesses.
   • Construction & Building Materials: Services for companies involved in construction and related materials.
   • Healthcare: Valuation for healthcare providers and related services.
   • Hospitality: Services for hotels, restaurants, and other hospitality businesses.
   • Manufacturing: Valuation for various manufacturing sectors.
   • Media and Entertainment: Focused on companies in the media and entertainment industries.
   • Oil & Gas: Valuation services for energy sector companies.
   • Professional Services: Valuation for firms providing professional services.
   • Retail: Services for retail businesses across various sectors.
   • Technology: Valuation for tech companies and startups.
   • Telecommunications: Focused on companies in the telecom sector.
   • Transportation: Valuation for companies involved in logistics and transportation.

3. Asset Holding Companies: This includes family limited partnerships and limited liability companies, which require valuation for estate planning and compliance purposes.

These industries reflect Mercer Capital's expertise in diverse market segments.

Mercer Capital provides business valuation services across various geographic areas in the United States, including specific regions such as Phoenix, Las Vegas, the Inland Empire of California, and various locations in Florida and Georgia. They are a full-service business valuation and financial advisory firm, indicating a broad national reach.

Serves financial institutions, energy, healthcare, and manufacturing sectors; Provides advisory services for $80M+ transactions; Delivered fairness opinions for $200M+ transactions; Active in M&A advisory and litigation support; 40+ years of industry experience; Represented in 10+ transactions in 2024; 11-50 employees; Founded in 1982; HQ in Memphis, TN; Locations in Nashville, Dallas, Houston

Mercer Capital offers several types of business valuation services, including:

1. Asset-Based Approach: This method focuses on the value of a company's assets, both tangible and intangible. It calculates the total value of the company's assets and subtracts liabilities to determine the net asset value. This approach is often used for companies with significant physical assets.

2. Income-Based Approach: This valuation method estimates the value of a business based on its ability to generate future income. It typically involves discounting future cash flows to their present value, reflecting the expected profitability of the business. This approach is suitable for businesses with stable and predictable earnings.

3. Market-Based Approach: This approach determines the value of a business by comparing it to similar businesses that have been sold recently. It uses market data to assess what buyers are willing to pay for similar companies, providing a benchmark for valuation. This method is effective in active markets with comparable sales data.

4. Corporate Valuation: This encompasses a comprehensive analysis of a company's overall value, considering various factors such as market conditions, financial performance, and strategic positioning.

5. Gift, Estate, and Income Tax Valuation: This service focuses on valuing businesses for tax purposes, ensuring compliance with regulations related to gifts, estates, and income taxes.

6. Buy-Sell Agreement Valuation: This involves determining the value of a business for the purpose of buy-sell agreements, which are contracts that outline how ownership interests will be transferred in the event of certain triggering events.

7. Financial Reporting Valuation: This service provides valuations required for financial reporting, ensuring that companies meet accounting standards and regulatory requirements.

8. ESOP and ERISA Valuation Services: These services are tailored for Employee Stock Ownership Plans (ESOPs) and comply with the Employee Retirement Income Security Act (ERISA), focusing on the valuation of shares for employee ownership.

9. Litigation and Expert Testimony Consulting: This involves providing expert valuation services in legal disputes, including litigation support and expert testimony.