Intrinsic, a national valuation and transaction advisory firm based in Denver, launched a separate fixed asset valuation practice.
Intrinsic previously served its clients with fixed asset valuation needs through its network of external providers. To meet the increasing demand for fixed asset valuation services for assets like machinery, equipment and personal property, the company recently hired Mike Dotson as managing director to lead the fixed asset valuation practice. The practice will work closely with the company’s financial reporting, tax and transaction advisory services practices to provide an expanded suite of services and offerings to clients. The fixed asset practice’s services include due diligence, financial reporting and tax, along with ASC 350, 360, 805, 820 and IFRS, fresh start accounting, Sarbanes-Oxley compliance, leasing, bankruptcy/liquidation studies, useful life studies, inventory/reconciliation, joint venture funding, asset-based lending/financing, corporate tax, gift and estate, litigation and dispute resolution, reorganizations, divestitures, FIRPTA and insurance.
“We are excited to announce the launch of a separate Fixed Asset Valuation practice. By bringing Mike’s extensive fixed asset valuation experience in-house, we can ensure a streamlined engagement process with best-in-class service,” David Turney, managing director and leader of Intrinsic’s financial reporting valuation practice, said.
Prior to joining Intrinsic, Dotson was a member of the valuation practices at StempleCrites, leading its Midwest practice and performing financial reporting/tax and insurance valuations. Prior to that, Dotson spent a majority of his career working in the fixed asset valuation practice at Kroll (Duff & Phelps/Standard & Poor’s CVC) where he led its Chicago machinery and equipment practice from 2008 to 2020. Dotson began his career in financial services at Arthur Andersen, in addition to spending time at Stout and Deloitte. He has more than 20 years of experience performing valuation and related engagements for private and public clients ranging from small family-owned businesses to large Fortune 500 public companies. Dotson has experience valuing assets on six continents, having personally performed site inspections in 15 countries and 42 U.S. states.
