Looking to grow both its West Coast presence and its valuation services practice, Houston-based IPA 100 firm Weaver (FY22 net revenue of $197.6 million) is merging in Columbia Financial Advisors Inc. (CFAI) of Portland, Ore.
Founded in 1992, CFAI focuses largely on employee stock ownership plan (ESOP) formation and exit transactions, as well as annual valuation updates. The firm also has experience working on trust and estate, transactional and valuation-related dispute support for closely held companies, large privately held businesses, publicly traded companies and high-net-worth individuals. As part of the deal, CFAI’s seven professionals and one managing director will join Weaver, as will partners Arlene Ashcraft and Donny Springer, who will now be partners in Weaver’s valuation services practice.
“CFAI’s values, culture and technical capabilities align well with ours,” says Weaver CEO and MP John Mackel. “Their strong valuation practice and robust understanding of ESOPs deepens our existing capabilities in this unique niche. Our combined valuation practice is poised for continued growth in the Pacific Northwest and across the country.”