LCG Advisors Welcomes Michael Reed, CPA as Managing Director, Business Valuations
PRESS RELEASE: NEW EMPLOYEE
For Immediate Release
Contact Barbara Pflug, (813)226-2800
LCG Advisors Welcomes Michael Reed, CPA as Managing Director, Business Valuations
TAMPA, FL, January 28, 2019 — LCG Advisors, a leading Tampa-based transaction advisory services firm, is proud to announce the hiring of Michael Reed as Managing Director of LCG’s Business Valuations Division. While LCG has performed valuations since 2011, the service has historically been focused on existing transactions within LCG’s investment banking and financial institutions divisions. Reed will be responsible for developing innovative business valuation offerings and building LCG’s presence within the valuation industry.
Reed, who will be based in LCG’s Tampa headquarters, has over 15 years of experience in accounting, finance, and business operations and was previously a Manager, Global Forensics with Baker Tilly Virchow Krause LLP. While at Baker Tilly, his responsibilities included business valuations for high net worth clients, business damages and commercial valuations, and forensic analysis. Previously, he was a Revenue Agent for the Internal Revenue Service and has worked in the healthcare, technology, manufacturing, and construction industries in various accounting and operations capacities. He is a CPA, a Certified Fraud Examiner (CFE), has credentials in Business Valuation (ABV) and Financial Forensics (CFF) and holds a B.S. in Applied Economics and Management from Cornell University.
LCG’s Business Valuation Division will focus primarily on transaction-related situations including pre-sale valuations, SBA valuations, and valuations in connection with mergers & acquisitions and capital formation activity. Other valuation work will be driven by FASB and ASC reporting requirements, gift and estate planning, shareholder disputes, and bankruptcy planning.
Brian Smith, Managing Partner of LCG, stated, “We are extremely excited to have Michael join our firm. While we’ve been active in the valuation space for some time, his leadership, focus, and expertise will elevate our practice to the next level and bring to bear more resources for our existing clients and referral partners.” He continued, “Valuations are a natural complement to our existing divisions focusing on investment banking and due diligence, so the additional resources and capabilities create a remarkable value proposition found in very few firms.”
“I am excited and humbled to be part of the team. LCG has established itself as a preeminent customer-centric organization, providing an expanding set of critical financial solutions for clients engaged in corporate transactions and complex situations. Along with a fantastic culture of employee development, the chance to build on my passion for business valuation made this a logical choice. LCG’s senior leadership has set the right path for success and I eagerly look to the future!” stated by Michael Reed, Managing Director of LCG’s Business Valuations Division.
About LCG Advisors
LCG Advisors is a leading advisory firm specializing in loan and investment due diligence, investment banking, and other select advisory services. Founded in 2003, LCG has developed a reputation for consistently exceeding client expectations with a very high level of integrity and professionalism. LCG’s team of nearly 60 professionals works in complement with our clients’ management teams to overcome challenges, minimize transaction risk and maximize overall transaction value. Our clients rely on us as their trusted advisor and we take that responsibility very seriously.
Media Contact
Barbara Pflug, Marketing Manager
(813) 226-2800