Financial Poise

All Articles by Gary Frantzen

Gary Frantzen

About Gary Frantzen

Mr. Frantzen has more than 25 years of experience specializing in the valuation of businesses and business interests including equity interests; liabilities and debt securities; fairness and solvency opinions; options and other derivatives; and tangible and intangible assets. He has provided opinions of value, fairness and solvency for many purposes such as acquisitions; divestitures; business and strategic plan reviews; business unit performance measurement; SEC filings; US GAAP and other financial reporting requirements; US federal, state, and non-US tax reporting requirements; regulatory compliance, various dispute resolution procedures and general advisory purposes. Mr. Frantzen has worked with clients across a wide variety of industries such as healthcare services, basic and specialty chemicals, automotive & aerospace, construction engineering and materials, business & consumer services, infrastructure and utilities, financial institutions/insurance, food & agricultural products, paper & packaging, retail/wholesale distribution, transportation/logistics and industrial machinery & equipment. Representative engagements include the valuation of the assets & liabilities of a large specialty chemical processor and a large construction materials/products manufacturer for fresh start accounting purposes; the valuation of numerous legal entities of a large multi-national, diversified chemical company and a large distilled spirits maker both for income tax reporting purposes related to organizational restructuring; valuation of the assets and liabilities of a biopharmaceutical research and contract manufacturing company for financial reporting purposes including business combination and goodwill impairment testing; analyses and opinions regarding the fairness of contemplated transactions prepared for advisory purposes for Boards and/or Special Committees across many industries; development of analyses and opinions regarding the solvency of the pro forma entities in several spin-off transactions; expert testimony regarding the value of common shares in a leveraged privatization transaction related to dissenting shareholder actions; several valuations of privately-held companies for dispute resolution purposes; and the assessment of the potential impact on shareholder value from several contemplated alternative strategies for a large water resources company. Prior to joining A&M in 2012, Mr. Frantzen most recently managed the Chicago Office of American Appraisal Associates, Inc. Earlier in his career, he was a Partner at Arthur Andersen where he was the co-leader of the Strategic Valuation Services Group in Chicago and led the financial valuation practice for Andersen’s Central Region. He spent the first six years of his career as a civil engineer with the U.S. Departments of Interior and Energy. Mr. Frantzen earned a Bachelor of Science in Civil Engineering from the University of Illinois at Urbana-Champaign and a Master of Business Administration in Finance from DePaul University’s Kellstadt Graduate School of Business in Chicago. He is a Chartered Financial Analyst (CFA), and is registered with FINRA as a General Securities Representative and Securities Agent (Series 7 and 63). He is a member of the CFA Institute, CFA Society of Chicago, American Society of Appraisers, The Executives Club of Chicago and Healthcare Financial Management Association.

return on investment

Using Free Cash Flow vs. EBITDA to Determine Return on Investment

The return on your investment depends on how your investment is structured and is not necessarily the same as the performance of the company. How’s an investor to measure?

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Measuring a Company's Value: Cash Flow vs. EBITA for Investment Performance

Measuring a Company’s Value: Cash Flow vs. EBITDA for Investment Performance

Editor’s Note: This is an updated version of a similar article published in March of 2015. To view the original, click here. Using Cash Flow vs. EBITDA to Determine Value How do you monitor your investments’ performance? If the company is doing well, does that mean your investment is doing well? When it comes to cash […]

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