Managing Director, Leader of ESOP and ERISA Litigation Practice, and Atlanta Office Director
1355 Peachtree Street N.E., Suite 1470
For a detailed curriculum vitae, please contact Chip Brown.
Chip Brown is a managing director with Willamette Management Associates. He is also the director of our Atlanta office. In addition to his work on all types of valuation engagements for the firm, Chip is also the leader of our ESOP and ERISA litigation practice. His practice includes valuation consulting, economic analysis, and financial advisory services.
Chip has performed the following types of valuation and economic analyses: merger and
acquisition valuations, fairness opinions, ESOP formation and adequate consideration
analyses, acquisition purchase price allocations, business and stock valuations, and lost
profits/economic damages analyses.
He has prepared these valuation and economic analyses for the following purposes:
transaction pricing and structuring (merger, acquisition, liquidation, and divestiture);
taxation planning and compliance (federal income, gift, and estate tax; state and local
property tax; transfer tax), ESOP transactions and ESOP related litigation, forensic
analysis and dispute resolution, and strategic information and planning.
Chip has valued the following types of business entities and securities: close
corporation business enterprise, close corporation fractional ownership interests, public
corporation subsidiaries/divisions, complex capital structures (various classes of
common/preferred stock; options, warrants, grants, rights), general and limited
partnership interests, joint ventures, proprietorships, professional service
corporations, professional practices, and LLPs and LLCs.
He has performed business valuations in the following industries: advertising,
apparel, bottling, brokerage, cable television, chemical, commercial banking,
communications, computer services, construction and contracting, consulting,
distribution, energy and electric generation, health care, hotel and hospitality,
insurance, manufacturing, marine, mining and mineral extraction, money management,
natural resources, parking, petroleum, printing, publishing, real estate development,
restaurant, retailing, telecommunications, television broadcasting, textiles, tire,
transportation and trucking, and wholesaling.
Chip has performed valuation, economic damages, or transfer price/royalty rate
analyses related to the following intangible assets: computer software, computer
databases, contract rights, copyrights, customer and supplier contracts, customer lists,
employment contracts, goodwill, licenses, noncompete covenants, patents, proprietary
technology, trained and assembled workforces, trade names, and trademarks.
He has performed financial advisory and economic analyses for various transactional
purposes: identification of M&A targets, valuation of target company
synergistic/strategic benefits, negotiation of deal price and terms, fairness analysis of
proposed transactions, and valuation of debt and equity instruments.
Prior to joining Willamette Management Associates, Chip was a senior associate at Adams
Capital, Inc., a provider of business valuation, asset valuation, and financial advisory
services. Prior to joining Adams Capital, he practiced assurance and advisory business
services with Ernst & Young LLP.
Master of Science, accounting, University of Virginia
Bachelor of Science, management, Georgia Institute of Technology (with highest
Certified Public Accountant (CPA) - Georgia
Chartered Financial Analyst (CFA) - CFA Institute
Accredited in Business Valuation (ABV) - American Institute of Certified Public
Certified in Financial Forensics (CFF) - American Institute of Certified Public
Chip is a member of the American Institute of Certified Public Accountants (AICPA)
and the Georgia Society of Certified Public Accountants (GSCPA). Chip is also a member of
The ESOP Association, the CFA Institute, and the Atlanta Society of Financial Analysts.