856.795.6026
  Two Executive Campus
2370 State Route 70
Suite 314
Cherry Hill, NJ 08002
Phone: 856-795-6026
Fax: 856.795.4911
 

In This Section:

 

 

Search Our Site:


From Our Newsletters:

THE JUDGE WOULDN’T IGNORE THIS “ROUNDING ERROR”

June 2017 | Issue 86 Background Constellis Group,  Inc. is a private security firm.  In December 2013, the Company formed an Employee Stock Ownership Plan (“ESOP”), which purchased 100% of Constellis’s voting stock.  Wilmington Trust NA was named Trustee of the ESOP.  Less than a year after the ESOP was created, the ESOP sold all […] More...

NEW JERSEY COURT USES VALUATION DISCOUNT TO PUNISH “BAD BOY”

March 2017 | Issue 85 Introduction Richard and Steven Parker are brothers who ran a flower business in Scotch Plains, New Jersey.  Richard is the President of Parker Interior Plantscapes (“PIP”), which installs and services plants and flowers in commercial settings.  Steven is the President of Parker Wholesale Florists (“PWF”), which is a garden center.  […] More...

Dell Appraisal Spawns a Multitude of Valuation Approaches

February 2017 | Issue 84 Introduction A Delaware Chancery appraisal case involving computer company Dell Inc. gave rise to a multitude of valuation measurements.  It is instructive to see how the court sorted through them in coming up with its final appraisal conclusion.  The case is In re Appraisal of Dell Inc., 2016 Del. Ch. LEXIS […] More...

Join Our Mailing List...

View our Library...

 

 
 

David N. Routzahn, Jr., ASA

QUALIFICATIONS AS AN APPRAISER OF CORPORATE SECURITIES

Mr. Routzahn, who holds the designation of Senior Member in the American Society of Appraisers (ASA), prepares independent valuations of securities of closely-held companies for numerous purposes including estate planning, mergers and acquisitions, fairness opinions, goodwill impairment, equity distribution, arbitration and calculations of economic damages. He has performed valuations of companies in manufacturing, computer software, Internet services, retail, distribution, construction, agriculture, business services, housing and transportation.

Prior to joining Hempstead & Co. LLC, Mr. Routzahn was a Senior Financial Analyst and Accounting Officer with CoreStates Financial Corporation. He was involved with cost accounting, product pricing, exit analyses, and corporate valuations for the purpose of acquisition and/or strategic alliance.

Mr. Routzahn holds a Master of Business Administration in Finance from Drexel University and a Bachelor of Arts in Economics from Rowan University (formerly Glassboro State College). Mr. Routzahn is a member of the Finance Professionals Association, the Investment Banking Financial Analyst Association and the Financial Management Association through Drexel University.