Adamy Valuation Advisors Partners with Warren Cline, PLC to Serve the Northern Michigan Market
GRAND RAPIDS, Mich., (Oct. 19, 2015) – Adamy Valuation Advisors, an independent business valuation firm headquartered in West Michigan, announces today it has partnered with Traverse City valuation firm Warren Cline, PLC, to expand its presence in the Northern Michigan market.
The two firms have been transitioning towards this alliance over the past several years. Previously, Warren Cline, PLC’s sole proprietor, Warren (Bud) Cline, had retained Adamy to provide economic research and staff support on valuation projects provided for his clients. Going forward, Adamy will transition into providing valuation services directly to Cline’s clients, allowing Cline to focus on the consulting and strategic planning side of his practice.
“We are excited to finalize this partnership which allows us to provide continuity to Bud’s clients and broaden our geographic reach,” said Nick Adamy, Managing Director at Adamy Valuation Advisors. “Bud’s reputation for quality and independence is stellar. We are honored he chose to work with our professionals to continue his legacy.”
Similar to Adamy Valuation Advisors, Cline has been providing business valuation services for over three decades. As an affiliate of Adamy, Cline’s succession plan calls for him to move his business traditional valuation work to Adamy and consult on valuation engagements on an as-needed basis. In addition, Bud will continue serving the Northern Michigan Market with consulting and strategic planning services related to the sale or purchase of a business along with other changes in business ownership.
“As I looked towards transitioning from preparing traditional valuation reports to focus on business value and transaction consulting, it was extremely important to me to find a firm with the right culture and resources to serve my clients,” said Cline. “Additionally, I wanted a firm that will work well with the Northern Michigan CPA firms who frequently refer their clients to me. Adamy’s practice, like my practice, is a resource for local CPAs, attorneys, and financial advisors, who need to refer a client to a valuation expert. This partnership will allow me to focus on providing strategic planning and merger and acquisition consulting services to area business owners.”
Nick concluded: “Having recently completed our own internal management succession plan, combined with decades of experience in providing valuation work to facilitate clients’ succession planning, we are confident this will continue to be a smooth transition. We are excited to expand in the Traverse City market and further develop the reputation and relationships built by Bud over the last thirty years.”
To celebrate the partnership, the two firms are hosting a networking event at the Park Place Hotel on Thursday, October 22nd for invited guests.
About Adamy Valuation Advisors
Adamy Valuation Advisors is the largest independent business valuation firm in West Michigan. The firm provides independent business valuation services to attorneys, trustees, executives, and business owners for a variety of purposes, including employee stock ownership plans, mergers and acquisitions, divorce, transactions, financial reporting, litigation, estate planning, and tax reporting. The firm works with middle market and lower middle market companies in Michigan and across the nation.
About Warren Cline, PLC
Warren Cline, PLC is a licensed Certified Public Accounting firm specializing in business valuation of privately held companies and related consulting. Consulting services include strategic planning related to the sale or purchase of a business and other changes in business ownership. Warren Cline, CPA is Accredited in Business Valuation by the American Institute of CPA’s. He is a former partner in the CPA/Consulting firms of Plante & Moran and Gavigan Burkhart Freeman & Co. He is a former private investment banker with Corporate Finance Associates Worldwide.