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Welcome to the Highland Global business valuation website.  Here you will find information regarding our company and the business valuation, financial analysis, and strategic advisory services that we provide.  You will also find many informative business publications that we have written at a contribution to the valuation body of knowledge.

 

Please also visit our  our article archive,

which contains many interesting and informative articles regarding business valuation, mergers and acquisitions, and   the state of the economy.

 

If you have any questions, please feel free to call or email us for additional information.

 

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Highland Global is a leading business valuation, strategic advisory and financial analysis firm for family owned and privately held businesses, both domestically and internationally.  We provide a variety of services from transactions and corporate growth to business valuations or appraisals for middle market clients in industries ranging from manufacturing to information technology.
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Highland Global is pleased to be a member of The Middle Market Exchange, serving middle market companies, family owned businesses and their advisors as well as brokers and acquirers.

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Value Highlights:

Highland Global's Newsletter

 

Latest Issue--2009 Economic Outlook

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More Articles

Measuring Value
Buyers and sellers have different perspectives regarding the value of a business.  Therefore, it is important for    both parties to understand the difference between fair market value and strategic value and how these values are a crucial factor in negotiations.

 

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Valuation Issues:  Brokers vs. Appraisers
Business brokers and business appraisers use different methods of valuing a

business for a transaction.  The incorrect application of a broker's methodology may result in unrealistic value estimates that  may jeopardize a transaction's success.

 

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Earnings Assumptions:  Common Errors
Business appraisers are confronted with many challenges in developing earnings forecasts.  The most common errors in making earnings assumptions fall into two categories discussed in this article.

 

 

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Family Limited Partnerships:

Discount Statistics of Closed-end Funds

 

Selecting an appropriate discount

applicable to minority interests in family limited partnerships is a challenge for financial analysts and business appraisers.  The assumptions that the analyst makes

are particularly important and may come under intense scrutiny should the valuation be challenged by the IRS or

the Tax Courts.

 

 3rd Quarter 2009

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Press Releases

 

 October 2009-Robert M. Clinger III earns Licensed International Financial Analyst Charter from the International Research Association

 

 August 2009-Highland Global complete Wild Rooster Sauces Transaction

 

 December 2008-Robert M. Clinger III

participates in a podcast for USABizMart.com

 

 December 2007-Robert M. Clinger III has his editorial "Coast RTA Essential for Grand Strand" published in The Sun News of Myrtle Beach

 

 July 2007-Robert M. Clinger III has his editorial "Council's Financial Responsibility Questioned" published in The Sun News of Myrtle Beach

 

 August 2006-Highland Global Announces Publication of Robert M. Clinger III's article, "Direct Market Data Method:  Value Disparity Issues Part II," in NACVA's The Value

Examiner

 

 April 2006-Highland Global Announces Publication of Robert M. Clinger III's article, "Direct Market Data Method:  Value Disparity Issues Part I," in NACVA's The Value Examiner

 

 

 

Top Ten Business Valuation Questions that Attorneys Ask Business Appraisers

Business appraisers frequently serve as valuation experts for attorneys and their clients in legal matters ranging from litigation, marital dissolution, mergers and acquisitions, etc.  The top ten questions of value that attorneys often ask business appraisers have been compiled in this article.

 

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Direct Market Data Method:  Value Disparity Issues
  Although the Direct Market Data Method is an intuitive approach to value a privately held business, an appraiser is confronted with the challenge of how to address the disparity between value indications produced under the DMDM, the multi-period discounted earnings method, and the single period capitalization method. 

THIS ARTICLE BY HIGHLAND GLOBAL FOUNDER ROBERT M. CLINGER III WAS PUBLISHED IN THE NATIONAL ASSOCIATION OF CERTIFIED VALUATION ANALYSTS' THE VALUE EXAMINER.

 

 PART I

PART II

 

Responses Direct Market Data Method: Value Disparity Issues

 

 The Value Examiner Letters to the Editor October 2006

 

 The Value Examiner Letters to the Editor January 2007

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Specific Company Risk Premium
  One of the most difficult tasks of a business appraiser is determining the privately held company's appropriate discount rate.  To do so the appraiser must estimate the company’s specific risk premium.  This paper discusses our views on the specific company risk premium in business valuations.

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7 Deadly Sins of Business Valuation

 

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To purchase a copy of 7 Deadly Sins of Business Valuation (86 pp) click here

7 Deadly Sins of Business Valuation:  Closely Held & Family Controlled Companies

 

 

 go to exec summary

 

To purchase a copy click here

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Good fortune is what happens when opportunity meets planning.     THOMAS ALVA EDISON
Highland Global seeks to provide our clients with sound strategic guidance to facilitate the formulation and execution of growth and liquidity strategies.

Highland Global provides a wide range of financial analysis services to our clients including market and industry research, financial modeling, forecasting, and business valuations.  Our skilled finance professionals have significant experience in business valuation, business planning, forecasting, mergers and acquisitions, and strategic analysis.  With offices in Miami, Florida and Myrtle Beach, South Carolina, Highland Global is strategically located to provide business valuation and financial analysis services to privately held and family controlled companies throughout the Southeast and internationally.  

 

Business Valuation

 

Highland Global is a premier provider of independent valuations of businesses, ownership interests, securities, and intangible assets for legal, financial, or strategic planning purposes.  With respect to independent business valuations or appraisals, Highland Global’s goal is to provide solid, accurate, objective, and reliable valuations based on widely-accepted, well-documented methodologies.

 

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Valuation services include:

  -Full/formal business valuations

  -Limited scope valuations

  -Annual business valuations

  -Fairness opinions

  -Valuation consulting

 

Members of:

  -National Association of Certified

   Valuation Analysts

  -Institute of Business Appraisers

 

Family Business /Annual Valuation

 

"The best way of measuring the value that management has created for the shareholders is through an annual valuation.”

 

 go to brochure

 

Annual Business Valuation Article

 

As a result of the need to ensure and evaluate successful creation of transgenerational wealth, many privately held and family owned businesses, particularly those that have survived multiple generational transfers, have instituted a policy of having an

independent business appraiser or financial analyst conduct an annual valuation of the firm.

 

 go to article (PDF)

 

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Case Studies

 

Our case studies are designed to provide in-depth examples of how specific company factors, internal and external, may affect the valuation of a business enterprise.

 

Global Communications: Wealth creation versus wealth destruction should be regularly monitored in the transgenerational family business.

 

Isis Rental Management: An ESOP is an alternative for company owners seeking liquidity.  A competent valuation is a key element of the ESOP process.

 

JNC Shipping Corporation: Strong Corporate Governance and communication are important for creating and maintaining value in a family-controlled enterprise.

 

Morpheus Aerospace: "Demand capital" versus "patient capital" is an important factor in the investment decisions of family and closely held companies.

 

Patriot Industries: Company value should be revisited regularly and underperforming assets should be improved or divested.

 

The Flower Shoppe:  A valuation before the transaction would have highlighted large non-recurring revenues, thus averting the crisis that ensued after the acquisition.

 

Triumvirate Industries: Companies that excel at the seven attributes of businesses that have created transgenerational wealth are in a better position to create value for their shareholders.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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