Mr. Wartan is the President and Managing Director at Rivem Consulting, Inc. (“RCI”). Prior to joining Rivem Consulting, Mr. Wartan served as a Director at Vantage Point Advisors where he led the complex valuation practice of the firm. Prior to Vantage Point Advisors, Mr. Wartan was a Director and Co-leader of the complex capital structures and complex securities valuation practice of BDO Consulting. He collaborated with audit teams across the nation and provided solutions on a wide range of complex valuation issues. Having extensive experience providing complex valuations for clients, Mr. Wartan has valued a wide range of complex derivative securities including options, warrants with various features, equity component of debt instruments, instruments classified as liabilities, contingent considerations, restricted stock units, and market and performance-based incentive awards, utilizing various option-pricing techniques including Monte Carlo simulation and lattice models.
During his 8 years at BDO, Mr. Wartan provided a wide range of valuation studies for financial reporting, tax reporting and mergers and acquisitions. He has prepared valuation studies of public, private, and venture capital-backed companies within a wide range of industries including healthcare, construction, entertainment, energy, technology, telecommunication, apparel, home appliances, insurance, aerospace and defense. Mr. Wartan performed valuation assignments for purposes of ASC 815 derivatives and hedging Instruments, ASC 805 intangible assets and purchase price allocation, ASC 350 goodwill impairment testing, ASC 718 valuation of stock options including market and performance-based awards, as well as valuations for purposes of IRC Section 409A, estate and gift tax planning, and litigation support.
Mr. Wartan has consulted in numerous merger and acquisition engagements. He has advised corporate attorneys in creating capital structures and formulating rights and preferences of a variety of equity instruments for purposes of drafting operating agreements and stock purchase agreements. He has also performed business case and pricing analyses for venture capital-backed startup companies for management planning purposes.
Prior to joining BDO, Mr. Wartan was at RSM McGladrey for 5-years. At RSM, Mr. Wartan was involved in wealth management and consulting services, including financial advisory services, business valuation assignments, market research, and complex financial modeling projects.