Whitepapers
Mercer Capital whitepapers bring you the latest analysis from our financial experts and industry knowledge leaders, providing comprehensive insight into the valuation issues surrounding companies in a variety of industries.
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Choosing a New ESOP Appraiser
ESOP valuation is an increasing concern for Trustees and sponsor companies as many ESOPs have matured financially, demographically, and strategically. This article addresses why a Trustee or sponsoring company might or should opt for a new appraisal provider, as well as what criteria, questions, and qualities drive the process of selecting a new appraiser.
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Community Bank Mergers: Creating the Potential for Shared Upside
In this 2013 whitepaper we review financial issues arising when community banks merge or sell to a larger, public institution. It is not intended to answer every question and, in some instances, our intention is to raise questions for directors and managers to evaluate. In a series of follow-up papers and webinars we will address specific topics that merit further scrutiny.
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Insights on ESOPs
This 30+ page whitepaper contains 13 useful articles written for ESOP Trustees.
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Rate and Flow
In this complimentary whitepaper, we present an alternative model for determining active / passive appreciation in a marital dissolution. In states where an owner/spouse’s active management of a business does not preclude the consideration of passive appreciation, we offer a fresh approach based on rate and flow analysis.
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The Ins and Outs of Business Development Companies
New Compared to private equity funds, BDCs have largely flown under the radar of media and investor awareness. Like private equity funds, BDCs invest in a portfolio of generally illiquid securities of privately held companies. Unlike private equity funds, which are structured as finite-lived investment partnerships, BDCs are publicly traded vehicles accessible to retail investors, providing permanent capital for investment. As long as certain distribution requirements are met, BDCs are not subject to income tax. Like any other publicly traded company, a BDC must file quarterly and annual reports with the SEC. These reports provide a window into the trends and economic factors influencing the broader universe of private equity investors. The purpose of this whitepaper is to review the principal financial statement components of BDCs with a view to clarifying the factors that are most likely to influence financial performance.
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Understand the Value of a Beer Wholesale Distributorship
This whitepaper is written to provide insight into when and why a valuation might be needed, as well as the form that valuation should take and the process needed to develop it.
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Understand the Value of a Brick Business
The purpose of this article is to provide an informative overview regarding the valuation of businesses operating in the brick industry.
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Understand the Value of a Local Exchange Carrier
Over the past decade, the telecommunications industry has been characterized by rapid innovation accompanied by the obsolescence that often follows rapid innovation. Regardless of how you choose to deal with the ever changing competitive environment – be it through selling, acquiring, divesting, or any other major strategic change – it is important to realize the value of your telecommunications company as it stands today.
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Understand the Value of a Physicians Practice
The ownership of every practice will change hands. The event that triggers the transfer can be categorized as either voluntary or involuntary. It is important for physicians to consider the universe of ownership transfer possibilities, because sooner or later, you will be involved.
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Understand the Value of a Start Up Business
Valuation for start-up enterprises can be a tricky proposition. Regardless of industry, start-ups generally share a common set of operational characteristics and valuation needs that are distinct from mature firms. In this article, we will discuss common circumstances that give rise to the need for a valuation, basic valuation concepts, and specific valuation considerations relevant to start-up companies.
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Understand the Value of an Electrical Distributorship
This article is intended to provide insight into the situational (when and why) and analytical (how) aspects of valuing electrical distributors. A lack of knowledge regarding the value of your business could be very costly.
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Understand the Value of an Insurance Brokerage
Updated Understanding how insurance agencies and brokerages are actually valued may help you understand how to grow the value of your business and maximize your return when it comes time to sell. The purpose of this whitepaper is to provide an informative overview regarding the valuation of insurance brokerages and agencies.
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Understand the Value of Your Agricultural Equipment and Machinery Dealership
New Understanding how equipment and machinery dealerships are valued may help you understand how to grow the value of your business and maximize your return when it comes time to sell. The purpose of this whitepaper is to provide an informative overview regarding the valuation of agricultural equipment and machinery dealerships.
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Understand the Value of Your Truck Dealership
New There are many reasons why a truck dealership can be worth more or less than a standard rule of thumb might imply, and many reasons why a particular business interest in a truck dealership can be worth more or less than the pro rata value implied by that rule of thumb. This article provides useful information as to how truck dealers are valued and what impact that might have on their owners.
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Understand the Value of Your Trust Company
Updated Most trust companies share attributes of both family offices and asset managers, so there really is no one-size-fits-all definition of an independent trust company. Recognizing the particular characteristics of any given trust company is essential to understanding its value in the marketplace.
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