- Duff & Phelps Secures Significant Relocation Incentives for a Fortune 100 Company
The Duff & Phelps’ Business Incentives Advisory practice provided services to assist a Fortune 100 company consolidate its disparate manufacturing operations into a single expanded facility in Texas. The company provides products and services to a variety of industries worldwide, including: chemical, food and beverage, life science, oil and gas, power and refining.
- Commercial Aircraft Fleet Optimization Analysis Yields Significant Tax Savings
A large commercial airline (the “Company”) engaged Duff & Phelps to provide property tax consulting services including, preparing valuation and uniformity analyses to support the Company’s estimate of market value for their existing fleet of aircraft, filing tax appeals when warranted, and negotiating with local and/or state assessment officials regarding the value of the Company’s taxable tangible assets.
- Private Software Development Company – Common Stock Valuation
Duff & Phelps was retained by an enterprise software developer to value its common stock for purposes of a stock option grant. Management required an independent valuation to set the option exercise price as of the grant date. Our scope of services included an estimation of the company’s enterprise value and consideration of the fair value of debt to arrive at common stock value. Our client has agreed to retain Duff & Phelps for periodic valuation updates.
- Compliance with ASC 350 – Annual Goodwill Impairment Testing
Our publicly traded semiconductor manufacturing client retained us to provide annual goodwill impairment testing for its three reporting units. Each of these reporting units had different sales growth prospects, operating margins and business risk profiles. We prepared detailed Discounted Cash Flow (DCF) analyses to estimate values based on the company’s strategic plan. Our DCF valuation results were corroborated by applying a market comparable approach. The results of our work were used by management in its discussions with auditors and for financial reporting.
- Growth Strategy for an Industrial Products Business
A mid-market company, #1 in the US in its niche segment of the chemical industry, had grown consistently over several decades, but recent growth had stalled as their primary market had reached a plateau. Many of the company’s growth opportunities would require outside investment, which the company had heretofore avoided.