John R. Markel
Education
1969 Bachelor of Arts, Duke University.
1973 Master of Accountancy, University of South Carolina.
Professional Designations
CPA, Certified Public Accountant licensed in South Carolina, Georgia, and North Carolina.
ASA, Accredited Senior Appraiser™ (in the business valuation specialty) from the American Society of Appraisers.
ABV, Accredited in Business Valuation™ from the American Institute of Certified Public Accountants.
ABAR, Accredited in Business Appraisal Review™ from the National Association of Certified Valuators and Analysts.
MAFF, Master Analyst in Financial Forensics™ from the National Association of Certified Valuators and Analysts.
CFF, Certified in Financial Forensics™ from the American Institute of Certified Public Accountants.
CGMA, Chartered Global Management Accountant™ from the American Institute of Certified Public Accountants.
Work and Academic History
2003 - 2014, managing director of Markel Valuation, P.C.
1995 - 2003, shareholder-in-charge of the forensic and valuation services division of Elliott Davis, LLC
1985 - 1995, audit shareholder at Elliott Davis, LLC.
1977 - 1985, senior auditor and audit manager at Elliott Davis, LLC, Greenville South Carolina.
1975 - 1977, staff accountant at Koonce Wooten & Haywood CPAs, Raleigh, North Carolina.
1974 - 1975, staff accountant at Deloitte Haskins & Sells, Raleigh, North Carolina.
1973 - 1974, graduate student, Moore School of Business, University of South Carolina, Columbia, South Carolina
1969 - 1973, active duty, United States Air Force, Texas, Mississippi, South Carolina, and Thailand.
1965 - 1969, undergraduate student, Duke University, Durham, North Carolina.
1963 - 1965, LaSalle High School, Niagara Falls, New York.
1961 - 1963, Antelope Valley High School, Lancaster, California.
Publications
Author of over 40 published technical articles. Topics included the following:
• Purchase price allocation
• Calculation of lost profits
• Fair market value definitional issues
• Piercing the corporate veil
• Adjustment for attenuated marketability
• Establishing a reasonably objective basis for a financial forecast
• The financial expert’s role in mediation
• Expert reports
Business Valuation Experience by Context
I have been the primary analyst on over 500 substantive business valuation engagements in the following contexts:
• Tax planning
• Estate planning
• Succession planning,
• Strategic planning,
• Mergers,
• Acquisitions,
• Business litigation
• Divorce
• Business debt refinancing
Business Valuation Experience by Industry
My business valuation assignments had significant concentration in the following industries and business sectors:
• Construction contractors
• Specialty and multi-product manufacturing
• Employee stock ownership plans
• Engineering firms
• Dental practices
• Law firms
• Medical practices
• Architectural firms
• Software developers
• Wholesale distributors
• Chemical manufacturing and processing
• Industrial packaging
• Real estate management
• Golf course development and operation
• Hotels
• Agricultural processors
• Nursery and arboriculture
• Farming
• Family partnerships
• Commercial printers
• Automobile and truck dealers
• Mortuaries and cemeteries
• Insurance agencies
• Advertising, public relations, and media agencies
Litigation Support Experience by Legal Issue
I have been engaged by attorneys on over 400 cases as a financial consultant involving business disputes and divorce. In many cases, the parties agreed to a negotiated settlement before any expert testimony was required on my part. For the cases on which I was engaged, the legal issues included the following:
• Oppressed shareholders
• Partnership dissolution
• Equitable distribution and alimony
• Breach of fiduciary duty
• Breach of contract
• Merger and acquisition disputes
• Construction claims
• Embezzlement
• Allocation of personal and enterprise goodwill
• Unfair trade practices
• Intellectual property infringement
• Copyright and trademark infringement
• Dealer termination
• Business termination
• Piercing the corporate veil
• Bankruptcy
Litigation Support Experience by Financial Analysis Procedure
My litigation support assignments encompassed several financial analysis procedures and processes, including the following:
• Business valuation
• Investigative accounting of business records
• Independent rebuttal of conclusions and underlying assumptions by other financial experts engaged on a case
• Assistance with discovery requests for financial data
• Investigative analysis of financial trends and ratios
• Financial analysis of complex transactions
• Search for undisclosed assets and liabilities
• Asset tracing
• Reconstruction of business records and other financial data
• Testing of compliance with appropriate professional standards
• Statistical sampling
• Regression analysis
• Real options analysis
• Calculation of alleged lost profits
• Quantification of alleged losses
• Quantification of prospective losses of a (terminated) start-up business
• Calculation of reasonable royalties
• Product cost accumulation and adjustment
• Calculation of cost accounting variances
• Pre-filing preliminary analysis of the financial aspects of a business dispute
• Computation of pre-judgment interest
• Preparation of expert reports in compliance with Federal Rule of Civil Procedure 26
Expert Witness Testimony Experience
I have provided expert witness testimony under oath on over 60 occasions in depositions, hearings, private arbitration proceedings, and in the following court jurisdictions (including both jury trials and bench trials):
• United States District Court,
• South Carolina Circuit Court,
• South Carolina Family Court,
• Greenville County Master-in-Equity
• Greenville County Probate Court.
Contact Information
(864) 277-9921 office
(864) 201-5684 mobile
jmarkel@markelvaluation.com
P.O. Box 8913, Greenville, South Carolina 29604-8913
24 Sevier Street, Greenville, SC 29605
John R. Markel
Education
1969 Bachelor of Arts, Duke University.
1973 Master of Accountancy, University of South Carolina.
Professional Designations
CPA, Certified Public Accountant licensed in South Carolina, Georgia, and North Carolina.
ASA, Accredited Senior Appraiser™ (in the business valuation specialty) from the American Society of Appraisers.
ABV, Accredited in Business Valuation™ from the American Institute of Certified Public Accountants.
ABAR, Accredited in Business Appraisal Review™ from the National Association of Certified Valuators and Analysts.
MAFF, Master Analyst in Financial Forensics™ from the National Association of Certified Valuators and Analysts.
CFF, Certified in Financial Forensics™ from the American Institute of Certified Public Accountants.
CGMA, Chartered Global Management Accountant™ from the American Institute of Certified Public Accountants.
Work and Academic History
2003 - 2014, managing director of Markel Valuation, P.C.
1995 - 2003, shareholder-in-charge of the forensic and valuation services division of Elliott Davis, LLC
1985 - 1995, audit shareholder at Elliott Davis, LLC.
1977 - 1985, senior auditor and audit manager at Elliott Davis, LLC, Greenville South Carolina.
1975 - 1977, staff accountant at Koonce Wooten & Haywood CPAs, Raleigh, North Carolina.
1974 - 1975, staff accountant at Deloitte Haskins & Sells, Raleigh, North Carolina.
1973 - 1974, graduate student, Moore School of Business, University of South Carolina, Columbia, South Carolina
1969 - 1973, active duty, United States Air Force, Texas, Mississippi, South Carolina, and Thailand.
1965 - 1969, undergraduate student, Duke University, Durham, North Carolina.
1963 - 1965, LaSalle High School, Niagara Falls, New York.
1961 - 1963, Antelope Valley High School, Lancaster, California.
Publications
Author of over 40 published technical articles. Topics included the following:
• Purchase price allocation
• Calculation of lost profits
• Fair market value definitional issues
• Piercing the corporate veil
• Adjustment for attenuated marketability
• Establishing a reasonably objective basis for a financial forecast
• The financial expert’s role in mediation
• Expert reports
Business Valuation Experience by Context
I have been the primary analyst on over 500 substantive business valuation engagements in the following contexts:
• Tax planning
• Estate planning
• Succession planning,
• Strategic planning,
• Mergers,
• Acquisitions,
• Business litigation
• Divorce
• Business debt refinancing
Business Valuation Experience by Industry
My business valuation assignments had significant concentration in the following industries and business sectors:
• Construction contractors
• Specialty and multi-product manufacturing
• Employee stock ownership plans
• Engineering firms
• Dental practices
• Law firms
• Medical practices
• Architectural firms
• Software developers
• Wholesale distributors
• Chemical manufacturing and processing
• Industrial packaging
• Real estate management
• Golf course development and operation
• Hotels
• Agricultural processors
• Nursery and arboriculture
• Farming
• Family partnerships
• Commercial printers
• Automobile and truck dealers
• Mortuaries and cemeteries
• Insurance agencies
• Advertising, public relations, and media agencies
Litigation Support Experience by Legal Issue
I have been engaged by attorneys on over 400 cases as a financial consultant involving business disputes and divorce. In many cases, the parties agreed to a negotiated settlement before any expert testimony was required on my part. For the cases on which I was engaged, the legal issues included the following:
• Oppressed shareholders
• Partnership dissolution
• Equitable distribution and alimony
• Breach of fiduciary duty
• Breach of contract
• Merger and acquisition disputes
• Construction claims
• Embezzlement
• Allocation of personal and enterprise goodwill
• Unfair trade practices
• Intellectual property infringement
• Copyright and trademark infringement
• Dealer termination
• Business termination
• Piercing the corporate veil
• Bankruptcy
Litigation Support Experience by Financial Analysis Procedure
My litigation support assignments encompassed several financial analysis procedures and processes, including the following:
• Business valuation
• Investigative accounting of business records
• Independent rebuttal of conclusions and underlying assumptions by other financial experts engaged on a case
• Assistance with discovery requests for financial data
• Investigative analysis of financial trends and ratios
• Financial analysis of complex transactions
• Search for undisclosed assets and liabilities
• Asset tracing
• Reconstruction of business records and other financial data
• Testing of compliance with appropriate professional standards
• Statistical sampling
• Regression analysis
• Real options analysis
• Calculation of alleged lost profits
• Quantification of alleged losses
• Quantification of prospective losses of a (terminated) start-up business
• Calculation of reasonable royalties
• Product cost accumulation and adjustment
• Calculation of cost accounting variances
• Pre-filing preliminary analysis of the financial aspects of a business dispute
• Computation of pre-judgment interest
• Preparation of expert reports in compliance with Federal Rule of Civil Procedure 26
Expert Witness Testimony Experience
I have provided expert witness testimony under oath on over 60 occasions in depositions, hearings, private arbitration proceedings, and in the following court jurisdictions (including both jury trials and bench trials):
• United States District Court,
• South Carolina Circuit Court,
• South Carolina Family Court,
• Greenville County Master-in-Equity
• Greenville County Probate Court.
Contact Information
(864) 277-9921 office
(864) 201-5684 mobile
jmarkel@markelvaluation.com
P.O. Box 8913, Greenville, South Carolina 29604-8913
24 Sevier Street, Greenville, SC 29605