2024 Business Valuations Year in Review
Written by: Megan Ramey, CPA, CFF, ABV and Chandler Hiller, CPA
As 2025 begins, we reflect back on the many Business Valuation assignments we worked on and all our accomplishments during 2025.
Cogence Group has over 30 years of experience performing business valuations for our closely held business clients. We work in many types of industries and provide valuation services for varying purposes to best fit our clients’ needs. Whether it be valuing for estate and gift tax return filing, succession planning, or one of many other purposes, our team at Cogence Group has the integrity, experience, passion, and credibility to provide professional, reliable, and understandable business valuations.
The following is our Business Valuation recap for 2024
2024 BY THE NUMBERS
The team members here at Cogence Group were engaged in 63 Business Valuation matters during 2024.
2023 PROJECT BREAKDOWN
Business Valuation matters not being contested in litigation comprised 19% of our total 2024 services.
We provided Business Valuation Services for the following purposes: Estate and Gift Tax, Internal Planning, Valuations in Litigation, Marital Dissolution, Purchase or Sale of a Business, and Succession Planning.
We performed 49 full Valuations (78%), 8 Calculations (13%), and 6 consulting engagements (9%).
One of our projects involved calculating the fair market value of 16 Related-Party Limited Liability Companies for the purpose of Estate tax reporting. We prepared 16 Valuation reports which included multi-level discounting, including analyzing complex Tenant in Common agreements .
For four of our valuations, we were jointly engaged by both parties’ attorneys as a neutral appraiser.
The matters we worked on spanned the following 22 industries:
Agriculture (2%)
Automotive SHop (3%)
Cannabis (5%)
Cleaning Service (2%)
Commercial & Residential Real Estate (34%)
Consulting Services (2%)
Contractors and Specialty Subcontractors (6%)
Creative Services Agency (2%)
Environmental Consulting (2%)
Equipment Rental (2%)
Farmland (6%)
Food & Beverage (6%)
Healthcare (3%)
Manufacturing (3%)
Manufacturing Representative (3%)
Music Venue (2%)
Photography (2%)
Oil & Gas (4%)
Retail (6%)
Technology (3%)
Third-Party Logistics (2%)
Timber (2%)
Winery (2%)
One of our projects involved being hired jointly as a neutral appraiser in a contentious shareholder buyout. All communications and information were transparent to all parties allowing us to arrive at a fair and unbiased value.
