Member Details

DARIN R. NEUMYER

39 Croftley Rd, Timonium, MD 21093 ? (415) 944-9066 ? dneumyer@cortlandvaluation.com


SUMMARY:

Mr. Neumyer has managed over 2,000 financial services engagements involving companies ranging in size from small closely held companies with less than a million dollars in revenue, to publicly traded companies with revenues in the tens of billions of dollars. Mr. Neumyer has provided the following types of financial advisory services: business, stock, and debt valuations; option and warrant valuations; intangible asset valuations and analyses; cost of capital analyses; industry and competitive analyses; management incentive plan structuring; intangible asset liquidation. 

These services have been performed for the following purposes: audit review, financial statement reporting (Fair Value Measurement – ASC 820, Purchase Price Allocation – ASC 805, Goodwill Impairment – ASC 350, Fresh Start Accounting – ASC 852, Stock Based Compensation – ASC 718/IRC 409a), federal gift and estate taxation, restructuring and bankruptcies, merger and acquisition analyses, investment and capital raises, transaction-related fairness opinions, dispute resolution, litigation support, management buyouts, partner and shareholder buyouts, ESOP transactions and administration, intellectual property royalty rate analyses, and asset-based lending.

Mr. Neumyer has provided financial advisory services for companies in a broad range of industries, including: aerospace, apparel, automotive, beverages, biotechnology, construction, consumer products, dinnerware, distribution, education, electronics, energy, engineering, entertainment, financial services, food processing, furniture manufacturing, gaming, HVAC, insurance, media, medical devices, metal fabrication, nutritional supplements, oil and gas, printing, publishing, retailing, and telecommunications.


EXPERIENCE:


Cortland Valuation Group, LLC, Washington, DC
Primer provider of valuation services to the lending community. 

Director, Fair Value Services – December 2020 to April Present
Manages the provision of fair value analyses related to debt, equity, and complex securities as well as intangible assets for financial reporting purposes. Also provides analysis of certain assets for lending purposes. 


Cherry Bekaert, LLC, Washington, DC
One of the largest accounting and consulting firms in the country. 

Director, Valuation Services – December 2018 to April 2020
Managed a team of ten to complete over one hundred fair value analyses each quarter of the debt, equity, and complex securities held in the portfolios of multiple business development companies for their financial reporting requirements. Provided audit teams with review analysis of client valuations and provided valuations for tax and litigation purposes.

• Provided multiple analyses of debt held in a bankruptcy process.

• Aided in the process of integrating an acquired boutique valuation team into the structure of the accounting firm.

• Taught internal classes on debt valuation.


KPMG, LLC, New York, NY 
Provides audit, tax, and various consulting services to public and private firms worldwide. 

Manager, Alternative Investments – September 2016 to December 2018
Managed and delivered consulting services for mergers and acquisitions, financial reporting, tax and regulatory compliance, corporate services and management planning purposes for private equity and hedge fund sponsors, limited partners, and companies in diverse industries and growth stages. Provided audit team with review analysis of client valuations. Directly oversaw staffing for the New York Alternative Investments group and provides thought leadership.

• Led the pricing analysis for court approval of the successful sale of a reinsurer in runoff.

• Reviewed the fair value of a portfolio of litigation claims for auditing purposes.

• Provided consulting and pricing expertise to a large private equity firm for portfolio reporting to investors.

• Provided positive assure analysis of a 60 company portfolio of a private equity firm.

BrightView, LLC, San Francisco, CA 
Provided transaction and consulting expertise to corporate leaders, asset based lenders, equity investors, private equity firms and hedge funds, law firms, turnaround firms, and other stakeholders by assisting clients with their strategic, analytical, regulatory, tax, financial reporting, and litigation support needs.

Principal and Founder– July 2014 to September 2016 
Managed the daily operations of business, preformed marketing and sales functions, directly oversaw projects, managed accounting and bookkeeping functions, and provided thought leadership.

• Led the analysis of fair market value of the trade names of a grocery distributor for bankruptcy litigation purposes.

• Consulted on the transaction of a fractional interest in a large assisted living provider. 

Sunspot Partners, LLC, San Francisco, CA 
Through a joint venture with Great American Group, provided liquidation and consulting services related to businesses and intangible assets for lending, financial reporting, tax, and litigation purposes.

Principal, Founding Member, and Chief Financial Officer– March 2008 to July 2014
Managed the daily operations of business, preformed marketing and sales functions, directly oversaw projects, and provided thought leadership.

• Established valuation practice for financial reporting purposes. Created procedures, templates and marketing focused primarily on ASC 805 and ASC 350 valuations. Educated and partnered with machinery and equipment and real estate valuation groups to provide a one stop solution for most asset classes. This offering grew to represent nearly half the group’s revenues.

• Led the analysis of the value of the brand names such as Levis, Polar Tek, Columbia Sportswear, Steinway, and Lennox to support asset based lending.

• Led the fairness opinion engagement for the sale of a not-for-profit hospital to a for-profit entity in southern California.

• Provided an expert opinion on the value of the intangible assets held by an electronics company for bankruptcy litigation.

Hilco Enterprise Valuation Services, LLC, Chicago, IL 
Provides valuations of businesses and intangible assets for lending, financial reporting.

Director and Founding Member – June 2004 to March 2008
Coordinated the engagement process, trained and managed staff, directly managed projects. 

• Led the analysis of the value of the brand names Chrysler, Dodge, and Jeep to support the debt funding for their acquisition by Cerberus Capital Management.

• Led the analysis of the value of the brand names Jaguar and Land Rover to support the funding for their acquisition by Tata Motors.


Houlihan Valuation Advisors, LLC, Los Angeles, CA 
Provides valuations of businesses primarily for tax, ESOP and litigation purposes.

Associate – April 1999 to August 2002 
Provided analysis and project support.

EDUCATION:

University of Chicago, Booth School of Business - Masters of Business Administration; Analytic Finance, Strategic Management and Entrepreneurship - 2004

California State University, Northridge - Bachelor of Science; Business Administration – 1998


DESIGNATIONS AND MEMBERSHIPS:

Mr. Neumyer is an Accredited Senior Appraiser of the American Society of Appraisers, certified in business valuation. 


TEACHING ENGAGEMENTS:

“Mergers, LBOs, and a bit of Private Equity” Corporate Finance - Lehigh University; Bethlehem, PA, April 2018.


PUBLICATIONS:

“Lessons to be Learned from Today’s IP Marketplace” ABF Journal, October 2008.

“Future of Using Intellectual Property and Intangible Assets as Collateral” The Secured Lender, January/February 2008

 “An Overview of FAS 141 Valuations by Balance Sheet Category” Business Money International, June 2006.


PANELS AND INTERVIEWS:

“Intellectual Property Portfolios Hold Hidden Treasure for Retailers” DebtWire North America, October 8, 2012

“Unlocking the Value of Intangible Assets to Enhance a Turnaround or Maximize Recovery” Turnaround Management Association 2010 Annual Convention