BRENT CHEUNG, ASA
PARTNER – VALUATIONS, MODELLING & ECONOMICS
PROFILE
Brent has been conducting personal property and capital equipment valuations for over 25 years with engagement experience in matters relating to insolvency and restructuring scenarios, finance and lease opportunities, merger and acquisition transactions, tax and audit requirements, and financial reporting purposes. Prior to joining EY-P’s Valuation, Modelling and Economics group, Brent worked for two leading industrial equipment valuation and realization firms which afforded him experience in a wide range of industrial and commercial industries. Sectors of particular expertise include Agriculture, Construction, Power & Utilities, Mining & Processing, Oil & Gas, and Transportation & Logistics.
EDUCATION AND PROFESSIONAL DESIGNATIONS
- Accredited Senior Appraiser, American Society of Appraisers
RELEVANT EXPERIENCE
Agriculture
- Multiple purchase price allocation valuations for Canadian based agriculture nutrients producer, distributor and retailer. Assets included complete storage and distribution facilities as well as associated application and delivery equipment.
- Valuations of meat processing and packaging facilities for reorganization and realization purposes.
- Valuation of potato farming equipment and assets for bankruptcy realization purposes.
- Valuation of potato processing facility assets for bankruptcy realization purposes.
Construction
- Purchase price allocation valuation for fleet of assets associated with Canadian based construction company providing earth moving, blasting, excavating, mining and aggregate processing services.
- Valuation of Canadian based crane service company assets relating to a prospective refinancing transaction. Assets of note included the significant fleet of mobile cranes and tower cranes as well as general support equipment.
- Purchase price allocation valuation for Canadian based construction company providing a wide range of underground and aboveground services including excavation, road building and maintenance, pipe fusion, as well as environmental and reclamation services.
Power & Utilities
- Purchase price allocation valuation associated with a Canadian energy company’s acquisition of multiple natural gas processing facilities. Assets also included gathering and distribution networks including pipelines and bulk storage terminals.
- Purchase price allocation valuation for a distribution and transmission power line service company which included the complete fleet of bucket trucks, digger derrick trucks, as well as transportation, service, and support assets.
- Asset valuation relating to Court sanctioned CCAA proceedings of a manufacturer of composite utility poles.
- Valuation of assets associated with Canadian biofuel processing facility for use in a bankruptcy realization process.
Mining & Processing
- Valuation of a Canadian paving company’s stationary asphalt processing plants and aggregate processing assets for a prospective refinancing transaction.
- Valuation of US based tunnel and shaft excavation company assets relating to a prospective refinancing transaction. Major assets included drilling, blasting and excavation equipment.
- Valuation of a Canadian open pit mining service company’s fleet of heavy haul trucks, shovels and related earth moving assets for a prospective financing transaction.
Oil & Gas
- Valuation of Canadian down-hole service company’s fleet of wireline, stimulation & production, and fishing & pipe recovery units for tax and audit purposes.
- Valuation of Canadian and US based horizontal and directional drilling company’s assets for tax and audit purposes.
- Valuation of Canadian oil and gas service company’s fluid separation assets relating to a prospective refinancing transaction.
- Valuation of Canadian based geophysical company’s field and data acquisition assets for restructuring and realization purposes.
Transportation & Logistics
- Purchase price allocation valuation for major fleet of truck tractors, winch trucks, bed trucks, lowboy trailers, hiboy trailers, trombone trailers, and scissor-neck trailers associated with a Canadian based transportation and hauling company.
- Valuation of a large fleet of truck tractors and reefer van body trailers relating to a bankruptcy realization process.
- Valuation for Canadian based long haul and storage company assets for tax and audit purposes featuring a fleet of truck tractors, van body trailers, van body trucks, cargo vans, as well as associated material handling, packing and storage assets.