Bond & Pecaro

What Bond & Pecaro does

Bond & Pecaro is a privately held financial valuation and consulting firm headquartered at 2000 Pennsylvania Avenue, NW, Suite 7000, Washington, DC, founded in 1986 by Timothy Pecaro and John Sanders. The firm specializes in business valuations, asset appraisals, fair market valuations, purchase price allocations, intangible asset valuations, feasibility studies, expert testimony, and litigation support, with deep domain concentration in the media, communications, and technology industries and extensions into government, energy, automotive, and healthcare verticals. Its service portfolio is organized into four practice areas: Valuations (including intellectual property, stock, intangible assets, fairness/solvency opinions, impairment testing, purchase price allocation, and RFID/bar-code asset inventory audits), Consulting (business plans, property tax, feasibility studies, general consulting, and international consulting), Litigation Support (expert testimony, property tax testimony, and regulatory support before the IRS, FCC, FTC, and Treasury), and dedicated Government Services (consulting and valuation of complex systems for federal, state, and local agencies). The team comprises six named professionals — three principals (Timothy Pecaro, John Sanders, Matthew Lochte), two senior analysts (Benjamin Steinbock, Stephanie Wong), and one analyst (Antonio Savona) — collectively representing over 150 years of professional experience.

The firm generates revenue through professional services fees billed against engagements spanning acquisition support, regulatory filings, expert testimony, purchase-price allocation, impairment testing, property tax disputes, and government audit-readiness work. Pricing is project-specific and not publicly disclosed. Go-to-market is direct enterprise relationship selling: the firm counts 16 of the top 25 US television station owners and 15 of the top 25 US radio station owners as clients, including Comcast/NBCUniversal, Gray Television, Nexstar Media Group, Tegna, CBS, National Geographic, Audacy, Hearst, Cable One, Cox Enterprises, and CNBC. Government clients include the U.S. Department of Defense (Air Force FIAR support via PwC/Guidehouse) and the U.S. Department of Energy (Loan Programs Office via Accenture Federal Services). Customer acquisition relies on the firm's 1986-vintage reputation and professional network rather than formal marketing channels.

Underlying technology is traditional financial valuation methodology rather than software: income approach with royalty-relief method for intangibles, ASC 350/360/805 impairment analysis frameworks, RFID/bar-code scanning for fixed-asset inventory audits, and ASA/FCC-standardized appraisal conventions. The firm's competitive moat is its accumulated expertise — its principals have pioneered valuation techniques used industry-wide, and individual team members carry credentials (ASA Accredited Senior Appraiser, FCC license valuation experience, expert testimony in 75+ regulatory/tax/civil cases) that are difficult to replicate. AI/ML, proprietary software products, and data flywheels are not part of the offering; the product is human-delivered expertise.

Name

Bond & Pecaro

Legal name

Bond & Pecaro, Inc.

Website

https://bondpecaro.com

Company type

Private

Founded year

1986

Operating status

Operating

Headcount range

1–10 employees

Short description

Bond & Pecaro is a Washington, DC-based financial valuation and consulting firm founded in 1986, specializing in business valuations, appraisals, expert testimony, and litigation support for US media, communications, technology, and government clients including Comcast/NBCUniversal, Nexstar, Gray, CBS, and the U.S. Department of Defense.

Ownership category

akta.pro rank

Product category

Financial Valuation & Advisory Services

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Management, Scientific, and Technical Consulting Services (5416), Offices of Real Estate Appraisers (53132)

SIC

Investment Advice (6282)

akta.pro primary industry

Corporate Finance & Capital Advisory (BPAHADAB)

akta.pro secondary industries

Real Estate Valuation & Appraisal Advisory (FSAEAJAI), Debt Advisory & Financing Advisory (FSAEAGAD), Portfolio Valuation (PE/VC funds, LP reporting) (FSAEAHAH)

Keywords

• Business valuation services
• Financial consulting
• Asset appraisals
• Expert testimony services
• Media valuation consulting

Headquarters

HQ city

Washington

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Valuation Services: Professional fees for business valuations, fair market valuations, asset appraisals, purchase price allocations, and intangible asset valuations for media, communications, and technology companies.
2. Consulting Services: Fees for general business consulting, feasibility studies, acquisition analyses, business plans, property tax consultation, and due diligence services.
3. Expert Testimony and Litigation Support: Fees for providing expert testimony and litigation support in regulatory, tax, and civil cases, as well as property tax proceedings and regulatory proceedings.
4. Government Consulting: Consulting and valuation services provided to federal, state, and local government agencies for complex systems including aircraft, ships, military equipment, software, and infrastructure.

Go-to-market motion1 record

Distribution channels1 record

Core offering

Bond & Pecaro provides financial analyses, business valuations, asset appraisals, and strategic consulting services to media, communications, technology, government, energy, automotive, and healthcare enterprises. The firm delivers expert testimony and litigation support in regulatory, tax, and civil proceedings, with specialized expertise in intangible asset valuation, purchase price allocations, and FCC license appraisal.

Product overview

Bond & Pecaro is a financial consulting and valuation firm offering a unified portfolio of professional services rather than a software product. The core offerings include Valuations (encompassing Asset Management, Intellectual Property, Business Valuations, Stock Valuations, Intangible Assets, Fairness/Solvency Opinions, Impairment Testing, and Purchase Price Allocations), Consulting (including Business Plans, Property Tax Consulting, General Consulting, Feasibility Studies, and International Consulting), Litigation Support (Expert Testimony, Property Tax Testimony, and Regulatory Support), and Government Services. The firm specializes in serving media, communications, and technology industries, with expertise extended to energy, automotive, and healthcare sectors.

Differentiator

Problem solved

Functional benefit

Products and services

• Valuations Comprehensive valuation services including fair market valuations, purchase price allocations, asset appraisals, minority interest valuations, and estate valuations for media, communications, and technology businesses.
• Consulting General consulting, property tax consulting, acquisition evaluation, business plans, feasibility studies, and international consulting services across media, technology, energy, automotive, and healthcare industries.
• Litigation Support Expert testimony and litigation support for complex legal proceedings including state and Federal courts, tax courts, mediations, arbitration, and regulatory proceedings before IRS, FCC, FTC, and Treasury.
• Government Services Consulting, valuation, and financial analysis services to government agencies at federal, state, and local levels, with expertise in complex systems including aircraft, ships, military equipment, communications, satellite, and power infrastructure.

Named customers18 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators8 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Valuation Research Corporation: Valuation Research Corporation is a closely-held valuation advisory firm providing business, intangible asset, and fairness opinion services to corporate, legal, and financial clients. It competes directly with Bond & Pecaro in valuation engagements, particularly for media, communications, and technology clients.
• BIA Advisory Services: BIA Advisory Services provides valuation, brokerage, and consulting services specifically tailored to U.S. local media companies including radio, television, and digital. It is one of the closest direct competitors to Bond & Pecaro in media-industry-specific valuation mandates.
• Media Services Group: Media Services Group provides financial advisory, valuation, and M&A services to media companies, particularly radio and television broadcasters. It competes directly with Bond & Pecaro on broadcast valuation, transaction advisory, and asset appraisals.
• Carleton-Diana, Inc. Carleton-Diana is a specialized financial advisory firm focused on M&A and valuation for the communications industry. It is a direct media-focused competitor to Bond & Pecaro for broadcast, cable, and telecommunications valuation work.

Broad incumbents

• Kroll (formerly Duff & Phelps): Kroll's valuation services practice is one of the largest specialty valuation providers globally, offering business valuation, intangible asset, and dispute-related valuation services. It is a broad incumbent that competes with Bond & Pecaro across appraisal, purchase price allocation, and litigation support mandates, but as part of a much larger portfolio.
• Houlihan Lokey: Houlihan Lokey has an established Corporate Finance Advisory and Financial Opinions Services practice that handles valuation, fairness opinions, and solvency opinions for M&A, tax, and litigation purposes. It directly competes with Bond & Pecaro on independent valuation and financial opinion engagements, particularly for media and communications clients.
• Deloitte (Valuation practice): Deloitte's Valuation & Modeling practice provides business and intangible asset valuation across industries including media, communications, and technology. As a Big Four incumbent, it competes with Bond & Pecaro on larger mandates and bundled audit-tied valuation work, though it is broader and less media-specialized.
• KPMG (Valuation practice): KPMG's Advisory practice includes valuation services for transactions, tax, financial reporting, and disputes across multiple industries. It competes with Bond & Pecaro on complex purchase price allocations, impairment testing, and fairness opinions, particularly where audit-firm independence is required.
• EY (Valuation practice): EY-Parthenon's Valuation, Modeling & Economics practice provides business and intangible asset valuation services for transactions, disputes, and financial reporting. It is a broad incumbent competitor to Bond & Pecaro, particularly for media M&A-related valuations.
• PwC (Valuation practice): PwC's Valuations practice provides business, intangible, and asset valuations as part of its broader audit and advisory offerings. It is a frequent competitor to Bond & Pecaro on larger valuation mandates, and notably has partnered with Bond & Pecaro on government AF FIAR engagements, indicating overlap and collaboration in this space.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bond & Pecaro