Position: 2-Directors & VPs

Matt is a member of Chartwell’s corporate finance practice and is experienced in advising companies on the finance, ownership, and compensation strategies for long-term sustainability. He works on a wide range of ownership advisory engagements including strategic alternatives, ESOP transactions, and capital structure analyses. He works with business owners, management teams, and boards of directors at employee-owned companies to provide a holistic perspective of a company’s current financial position and the impact of strategic decisions on the company and key stakeholders. Matt enjoys applying his knowledge to design creative and practical solutions to best help companies achieve their objectives.

Professional Involvement & Certification

Matt is an active member of The ESOP Association and the National Center for Employee Ownership. He regularly attends local, regional, and national conferences held by both associations.

Matt is a registered representative with Chartwell affiliate, CCS Transactions, LLC and holds FINRA Series 7, 63, and 79 licenses.

Professional Experience

Prior to Chartwell, Matt was an equity research senior associate at RBC Capital Markets, where he conducted market and company analysis, including financial modeling, equity valuation, and research reports on publicly-traded companies within the oil & gas industry. He also previously worked as an equity research associate at Northland Securities.

Nate joined Chartwell in 2016 and is a member of the firm’s valuation and transaction opinions practice. He is experienced in providing independent financial advisory services to ESOP trustees and other corporate fiduciaries as well as in advising management teams, boards of directors, and shareholders on a wide range of topics including strategic alternatives, mergers & acquisitions, and ESOP transactions.

During his career at Chartwell, Nate has had experience in all of the firm’s service lines, providing him with a comprehensive knowledge of capital structures, valuation methodologies, and transaction structures. He has assisted in the structuring and execution of fairness opinion analyses regarding numerous transactions across a broad range of industries, including industrial, business services, technology, distribution, construction, architecture and engineering, and consulting services.

Professional Certification

Nate is a registered representative with Chartwell affiliate, CCS Transactions, LLC and holds FINRA Series 63 and 79 licenses.

Matt is a member of Chartwell’s corporate finance practice and is experienced in advising companies on a wide range of topics including strategic alternatives, mergers & acquisitions, and ESOP transactions.

During his career at Chartwell, Matt has worked in all Chartwell service lines, providing him with a comprehensive knowledge of valuation methodologies, transaction structures, and the workings of different corporate models. Matt has worked with companies in a broad range of industries across the U.S. and has expertise on the issues facing mature ESOP companies. This extensive base of experience allows him to bring specialized counsel to every unique client situation, where he enjoys applying his knowledge creatively to best help companies achieve their objectives.

Professional Involvement & Certification

Matt is an active member of The ESOP Association, where he regularly attends local, regional, and national conferences focused on employee ownership.

Matt is a registered representative with Chartwell affiliate, CCS Transactions, LLC and holds FINRA Series 7, 63, and 79 licenses.

Professional Experience

Prior to Chartwell, Matt was an equity research associate at Northland Securities, where he conducted market and company analysis, including financial modeling, equity valuation, and writing research reports on publicly traded companies.

Prior to Northland, Matt was an investment banking analyst at George K. Baum & Co., where he worked on middle-market M&A transactions and conducted extensive market research.

Rachel provides valuations of companies for a variety of purposes including estate and gift, buy/sell agreements, employee stock ownership plans, ownership transitions, and general corporate planning purposes. She has experience with complex capital structures and valuations of corporate securities issued as equity compensation to comply with IRS (IRC§ 409A) and financial reporting (ASC 718) requirements. Rachel has worked with and understands the varying needs of clients across a range of sizes and industries, with particular expertise valuing early-stage companies.

Professional Involvement

Rachel is a member of the Association for Corporate Growth. She is a Certified Public Accountant (CPA) licensed in the states of Minnesota and South Dakota. She holds membership in the Minnesota Society of Certified Public Accountants and the American Institute for Certified Public Accountants (AICPA). Additionally, Rachel is Accredited in Business Valuation (ABV) and is Certified in Financial Forensics (CFF) as granted by the AICPA. Rachel maintains certification as an Accredited Senior Appraiser (ASA) designated in Business Valuation by the American Society of Appraisers.

Rachel has won national and local industry recognition for her work in business valuation. She is a recipient of the Twin Cities Finance & Commerce Top Women in Finance Award, NACVA’s Top 40 Under 40 Award, and the AICPA’s Standing Ovation Award. Rachel has written for The Business Journals on a variety of valuation related topics and also contributes content to other industry publications.

Professional Experience

Prior to Chartwell, Rachel served as a senior manager in the valuation services practice of Baker Tilly Virchow Krause, LLP.

Ryan leads Chartwell’s repurchase obligation and sustainability practice, providing ESOP-owned companies a holistic approach to corporate sustainability. Ryan has been assisting privately-held business owners and management teams in analyzing the financial impact of transactions and the ongoing repurchase obligation for ESOP companies since 2004. He is recognized nationally as a leader in ESOP sustainability and repurchase obligation forecasting. Throughout his career, Ryan has worked with companies of many different sizes in diverse industries across the country. Ryan has worked with over a third of NCEO’s “The Employee Ownership 100: America’s Largest Majority Employee-Owned Companies.”

Professional Involvement

Ryan is an active member of The ESOP Association, where he currently serves on the Administration Advisory Committee, the Programming Committee for the Wisconsin chapter, and the Advocacy Committee for the Minnesota/Dakotas chapter. Ryan is also a member of the National Center for Employee Ownership.

Ryan has presented to employee groups, management teams, boards of directors, investors, and trustees on the topics of ESOP sustainability, ESOP repurchase obligation, and the benefits of ESOP ownership.

Professional Experience

Prior to Chartwell, Ryan led the ESOP Financial Analysis Team at Principal Financial Group, providing repurchase liability, feasibility, sustainability and benefit-level modeling to ESOP companies, and helped develop the online repurchase liability modeling software used by hundreds of ESOP companies annually.

Dan is an investment banker in Chartwell’s corporate finance practice. He supports senior members of the firm with business development and execution of debt/equity capital raising transactions and sales of privately-held businesses to strategic acquirers, private equity firms, and employee stock ownership plans. Dan has worked on a myriad of successful M&A, capital markets, and ESOP transactions within the industries of consumer products, food products, business services, healthcare, manufacturing, transportation/logistics, and technology.

Professional Involvement & Certification

Dan is an active member of The ESOP Association and the National Center for Employee Ownership, where he is frequent speaker at national conference held by both organizations.

Dan is a registered representative with Chartwell affiliate, CCS Transactions, LLC and holds FINRA Series 63 and 79 licenses.

Professional Experience

Prior to Chartwell, Dan was an investment banker with BMO Capital Markets’ Mergers & Acquisitions group, where he focused on executing sell-side, buy-side, and recapitalization transactions for middle-market clients between $200 million and $2 billion in enterprise value.

Prior to BMO, Dan was a member of Stout Risius Ross’s Valuation and Financial Opinions group, where he focused on ESOP equity valuations. Additionally, Dan advised ESOP trustees in sell-side, buy-side, and recapitalization transactions.

Olivia joined Chartwell in 2013 and is a member of the firm’s valuation and transaction opinions practice. She provides financial advisory and valuation services, with a focus on employee stock ownership plans. Olivia also has experience advising companies on ownership transition strategies, including buy-side and sell-side transactions. Throughout her career, she has worked with a diverse array of companies across various industry sectors and has extensive experience advising architecture and engineering firms.

Professional Involvement & Certification

Olivia is an active member of the Association for Corporate Growth, where she currently serves on the Board of Directors for the Portland chapter and as chair of the Excelling Leaders group. She is also a member of The ESOP Association and the National Center for Employee Ownership.

Olivia is designated as an Accredited Senior Appraiser (ASA) in Business Valuation by the American Society of Appraisers. She is a registered representative with Chartwell affiliate, CCS Transactions, LLC and holds FINRA Series 63 and 79 licenses.

Tina (DiCroce) is a leader in Chartwell’s consulting practice, working with employee-owned companies to develop custom solutions for achieving long-term sustainability. With a strong background in ESOP repurchase obligation modeling and plan design consulting, Tina works with boards of directors and management of ESOP companies on comprehensive studies which provide analyses of the financial impact of funding all future capital claims, considering a company’s strategic goals and objectives related to its ownership structure, and exploring broader issues like compensation and optimal capital structure. Throughout her career, Tina has worked with companies of all sizes in diverse industries across the country.

Professional Involvement

Tina is an active member of The ESOP Association, where she currently serves on the Fiduciary Advisory Committee and is also an officer for the Pennsylvania/Delaware chapter. In addition, Tina is a member of the National Center for Employee Ownership, the Ohio Employee Ownership Center, and Employee-Owned S Corporations of America (ESCA).

Tina has presented at conferences and events across the country on the topics of ESOP repurchase obligation and sustainability.

Professional Experience

Prior to Chartwell, Tina was a Director and Repurchase Obligation Study and Consulting Practice Manager for ESOP Economics.

Dillon is a member of Chartwell’s corporate finance practice. He supports senior members of the firm with mergers & acquisitions and capital markets transactions, including performing financial analyses, creating marketing materials, and gathering and preparing due diligence information. He also assists in overall business development for the firm.

Professional Certification

Dillon is a registered representative with Chartwell affiliate, CCS Transactions, LLC and holds FINRA Series 63 and 79 licenses.

Professional Experience

Prior to Chartwell, Dillon was an associate at Houlihan Lokey where he supported the execution of numerous M&A transactions across a wide range of industries. He has also previously worked at Mill City Capital, Piper Sandler, and Marquette Capital Partners.

Katie is a leader in Chartwell’s consulting practice, leading the execution of executive compensation-related client engagements. Katie has spent over 14 years focused on strategic compensation design and planning, including annual and long-term incentives, as well as broader total rewards. She has significant experience working with privately held companies and has also worked with multinational companies to tailor individual solutions to meet their challenges.

Professional Involvement

Katie is an active member of the WorldatWork, Total Rewards Association and the Twin Cities Compensation Network.

Professional Experience

Prior to Chartwell, Katie held multiple client facing roles over 14 years at WTW and has worked with clients on a variety of executive compensation topics including competitive pay level benchmarking, incentive design, and pay-for-performance assessments.