Timothy Lubbe

Tim has performed numerous valuations for financial reporting under Financial Accounting Standards Board Accounting Standards Codification (ASC) 805, 360, and 820 and International Accounting Standards Board (IASB) International Financial Reporting Standards (IFRS) 13 Fair Value Measurements.

He has performed valuations for closely held and public companies in a broad array of industries, including agricultural, construction, energy, mining, chemicals, manufacturing, information technology, telecommunications, plastics, healthcare, financial services, and the energy industries.

Tim’s professional experience includes:

Manufacturing

• Valuation of tangible assets of 20 manufacturing facilities ($130 million fair value) of electrical wire and cable for financial reporting purposes.
• Valuation of tangible assets of 15 manufacturing facilities (US and international) of pressure gas cylinders for financial reporting and insurance purposes.
• Valuation of tangible assets of a US based manufacturing facility of copper tubing products ($40 million fair market value) for asset-based lending purposes.
• Valuation of the tangible assets ($10 million fair market value) of a manufacturing facility of plastics products for financing purposes.
• Valuation of the tangible assets of the largest Japan-based manufacturer of cranes and aerial work platforms in the world for impairment purposes (ASC 360).
• Multiple valuations of the tangible assets of the acquisition targets of a public company in the premium paper market for purchase price allocation purposes (ASC 805), including:
  • $120 million acquisition of a manufacturer in the premium paper and packaging industry with personal property assets including paper machines, coating, printing, laminating, and packaging equipment.
  • $70 million acquisition manufacturer of performance-oriented nonwoven materials including personal property assets including paper machines, calendars, rewinders, and packaging equipment.
• Valuation of the tangible assets ($80 million fair value) in the retail paper bag manufacturing and distribution industry (bag machines, printing presses, packaging equipment and auxiliary equipment) for purchase price allocation purposes (ASC 805).
• Valuation of the tangible assets ($100 million fair value) of a plastic bag manufacturer (plastic extrusion lines, bag machines, printing presses, and recycling equipment) for purchase price allocation purposes (ASC 805).
• Valuation of tangible assets ($3 billion fair value) of a multi-national corporation involved in heavy manufacturing for tax compliance purposes.
• Valuation of tangible assets ($25 million fair value) of a tier one supplier and manufacturer of shocks/struts for financial reporting purposes.
• Valuation of tangible assets of an integrated steel manufacturing facility with a $3 billion enterprise value for US tax reporting purposes.
• Multiple valuations of the inventory of a scrap metal facility over an extended period for financing purposes.

Energy

• Valuation of two photovoltaic solar farms for financial reporting purposes.
• Valuation of approximately 2.0 million Gas and Electric Meter Automated Meter Reading Modules for strategic planning purposes.
• Valuation of a nuclear power generating facility (1100 MW) for strategic planning purposes.
• Valuation of a $4 billion portfolio of electric generation facilities of a publicly traded company for financing purposes.
• Valuation of a portfolio of 12 power generating facilities (coal and natural gas), environmental, transmission and distribution assets for financial reporting purposes.
• Valuation of the tangible assets ($1,000 million fair value) of six waste-to-energy generation facilities for financial reporting purposes.
• Valuation of a portfolio of tangible assets of power generating facilities (coal and natural gas), environmental, transmission, and distribution assets for financial reporting purposes.
• Valuation of two natural gas-fired power generating facilities (2300 MW total) for financial reporting and tax purposes.