Fairness Opinions

Select Engagements

  • Sale of the Company
    to a strategic buyer
    Financial Opinion

  • Newly formed ESOP
    acquired a minority interest
    Financial Opinion

  • The Ramkota Companies, Inc.

    Newly formed ESOP
    acquired a controlling interest
    Financial Opinion

  • Newly formed ESOP
    acquired 100% interest
    Financial Opinion

  • ESOP acquired a minority interest
    Financial Opinion
    Learn more

  • Sale of the Company to
    NV5 Global, Inc.
    Financial Opinion
    Learn more

  • Newly formed ESOP
    acquired 100% interest
    Financial Opinion
    Learn more

  • has become
    100% ESOP owned
    Financial Opinion
    Learn more

  • has become
    100% ESOP owned
    Financial Opinion
    Learn more

  • Newly formed ESOP
    acquired 100% interest
    Financial Opinion

  • Dienen, Inc.

    Newly formed ESOP
    acquired 100% interest
    Financial Opinion

  • Merger of 100%
    ESOP-owned companies
    Financial Opinion

  • Newly formed ESOP
    acquired 100% interest
    Financial Opinion

  • Newly formed ESOP
    acquired a minority interest
    Financial Opinion

  • Newly formed ESOP
    acquired 100% interest
    Financial Opinion

  • Newly formed ESOP
    acquired a minority interest
    Financial Opinion

  • Sale of the Company to
    NFP Corp.
    Financial Opinion

  • ESOP acquired a controlling
    interest to become 100% ESOP
    Financial Opinion

  • ESOP acquired a
    controlling interest
    Financial Opinion

  • Sale of the Company to
    Tectum Holdings, Inc.
    Financial Opinion

  • Newly formed ESOP
    acquired 100% interest
    Financial Opinion

  • Acquisition of
    FAST Manufacturing, Inc.
    Financial Opinion

  • Sale of the Company
    to Pratt Industries, Inc.
    Financial Opinion

  • Newly formed ESOP
    acquired a minority interest
    Financial Opinion

  • ESOP acquired
    a minority interest
    Financial Opinion

  • Sale of the Company to
    Dot Family Holdings &
    Svoboda Capital Partners
    Financial Opinion

  • Newly formed ESOP
    acquired 100% interest
    Financial Opinion

  • ESOP acquired minority
    interest of the Company
    Financial Opinion

  • Newly formed ESOP
    acquired 100% interest
    Financial Opinion

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Ask the expert
Contact Steve Nelson for more information on Fairness Opinions

Chartwell leverages its extensive valuation and investment banking experience to deliver comprehensive analysis, well-reasoned, and unbiased opinions.  Whether for related–party transactions, transactions involving competing offers, or limited market check transactions, independent fairness analysis and opinions are critical to boards of directors, special committees, other corporate fiduciaries, and business owners.

Chartwell’s strong fundamental analysis withstands scrutiny from shareholders, creditors, regulatory bodies, or counterparties to a transaction.  With a longevity and reputation unmatched by most, Chartwell’s analysis and opinions help fiduciaries mitigate risk amid an environment of elevated scrutiny.

Typical fairness opinion engagements include:

  • Mergers & acquisitions
  • Going private and insider transactions
  • Recapitalizations
  • Related party transactions
  • Special dividends
  • Down-round financings
  • ESOP/ERISA transactions

Typical fairness opinion engagements include:

Ramkota 2017 Fairness

Newly formed ESOP
acquired a controlling interest
Financial Opinion

Title text: 
The Ramkota Companies, Inc.

Dienen Fairness

Newly formed ESOP
acquired 100% interest
Financial Opinion

Title text: 
Dienen, Inc.

Norco Fairness

Newly formed ESOP
acquired a minority interest
Financial Opinion

ArcherPoint Fairness

Newly formed ESOP
acquired a minority interest
Financial Opinion

Thoits

Sale of the Company to
NFP Corp.
Financial Opinion

Litehouse

ESOP acquired a controlling
interest to become 100% ESOP
Financial Opinion

NRS

ESOP acquired a
controlling interest
Financial Opinion

Retrax

Sale of the Company to
Tectum Holdings, Inc.
Financial Opinion

The Bernard Group

Newly formed ESOP
acquired 100% interest
Financial Opinion

WASP

Acquisition of
FAST Manufacturing, Inc.
Financial Opinion

RMP

Sale of the Company
to Pratt Industries, Inc.
Financial Opinion

Brin Glass

Newly formed ESOP
acquired a minority interest
Financial Opinion

Helsing Group

ESOP acquired
a minority interest
Financial Opinion

Grabber

Sale of the Company to
Dot Family Holdings &
Svoboda Capital Partners
Financial Opinion

Nina Hale

Newly formed ESOP
acquired 100% interest
Financial Opinion

SCIPI

ESOP acquired minority
interest of the Company
Financial Opinion

Tradehome

Newly formed ESOP
acquired 100% interest
Financial Opinion

Steve Nelson, ASA

Steve Nelson, ASA
Managing Director
Dallas, TX
612-230-3131
steve.nelson@chartwellfa.com
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PRESENT POSITION

Steve leads Chartwell’s Transaction Opinions practice.  He has provided financial advisory services to privately held companies for over 25 years and is an expert on valuation issues related to Employee Stock Ownership Plans.  He also advises clients on a wide variety of corporate finance, valuation, tax, and fairness issues, mergers & acquisitions, divestitures, and general corporate related purposes.  Steve has performed valuations as a court-appointed appraiser and provided expert witness testimony. His opinions have consistently withstood scrutiny by the Internal Revenue Service and the Department of Labor.

 

MEMBERSHIPS & DESIGNATIONS

Steve is an active member of both The ESOP Association and the National Center for Employee Ownership, as well as a member of the Valuation Advisory Committee of The ESOP Association.  He has written articles and made various presentations on valuation and ownership transition for a variety of professional groups and boards of directors.  Steve is designated as an Accredited Senior Appraiser in Business Valuation by the American Society of Appraisers, and is a past President of the Twin Cities Chapter of the ASA.   He is a registered representative with Chartwell affiliate, CCS Transactions, LLC and holds FINRA Series 63 and 79 licenses.

 

PRIOR EXPERIENCE & EDUCATION

Prior to joining Chartwell in 2002, Steve was part of the valuation services group at Hawthorne Financial Advisors.

 

Steve holds a Bachelor of Arts degree in finance from the University of St. Thomas.