Gordon Associates

What Gordon Associates does

Gordon Associates, Inc. is a privately held business valuation and corporate financial consulting firm headquartered in Boston, Massachusetts, with a stated founding year of 1991 and an employee base in the 11–50 range. The firm specializes exclusively in business valuation, having completed more than 5,000 engagements spanning virtually every industry vertical (50+ listed sectors including advertising, biotechnology, defense, financial services, healthcare, software, and transportation) for clients ranging from startups to enterprises with annual sales exceeding $15 billion. Core practice areas include business valuation, stock option valuations under IRC Section 409A and SFAS 123R, fairness and solvency opinions, litigation support (lost profits, shareholder disputes, divorce, franchise disputes, bankruptcies), SEC compliance valuations (Rule 144, restricted stock, pre-IPO options), tax-related valuations (estate/gift, S-corp conversions, purchase price allocations), transaction advisory (M&A, IPOs, ESOPs, goodwill impairment under SFAS 141/142), securities valuation, and intangible asset valuation.

The practice is anchored by two principals: Robert S. Kamanitz, ASA (30+ years of experience, 2,000+ valuations, previously at Newbury, Piret & Company) and James D. Prybyla, CBA (25+ years, 1,000+ valuations, previously at Fechtor, Detwiler & Co. and Analog Devices). No proprietary technology platform is disclosed; the firm's intellectual property is its methodology, defensible against SEC/AICPA standards, and the cumulative experience of its senior staff. There is no mobile app, no API, no SDK, and no disclosed AI/ML tooling.

The business model is professional services: engagement-based, quote-priced, with direct client acquisition through the firm website, professional referrals, and the reputational pull of the principals' certifications (ASA, CBA). The customer base is segmented horizontally across four primary use cases—Legal & Litigation, SEC & Securities Compliance, Tax Planning & Compliance, and Corporate Transactions—with a secondary Transaction Advisory segment (fairness and solvency opinions). No technology-led growth vectors, no funding history, no M&A activity, and no geographic expansion beyond the U.S. are disclosed.

Name

Gordon Associates

Legal name

Gordon Associates, Inc.

Website

https://gordonassociates.com

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

11–50 employees

Short description

Gordon Associates is a Boston-based business valuation and financial consulting firm founded in 1991, providing independent valuations, fairness opinions, and litigation support for clients ranging from startups to enterprises exceeding $15 billion in annual sales across virtually every industry.

Ownership category

akta.pro rank

Product category

Business Valuation Services

NAICS

Portfolio Management and Investment Advice (523940), Investment Banking and Securities Intermediation (523150)

SIC

Investment Advice (6282)

akta.pro primary industry

Fairness Opinions & Independent Financial Advice (BPAHAOAF)

akta.pro secondary industry

Equity Capital Advisory (Private Equity Placements, Growth Capital) (BPAHAOAE)

Keywords

• Business valuation services
• Financial consulting
• Fairness opinions
• Intangible asset valuation
• Mergers and acquisitions advisory

Headquarters

HQ city

Southborough

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Distribution channels1 record

Marketing channels2 records

Core offering

Gordon Associates provides independent business valuation and corporate financial consulting services. Its core offerings include business valuation, stock option valuation, and fairness opinions, supported by specialized services for litigation support, SEC compliance, tax reporting, and corporate transactions such as M&A, IPOs, and ESOPs. Engagements are tailor-made for each client and span startups to large enterprises with annual sales exceeding $15 billion across 60+ industries.

Product overview

Gordon Associates is a business valuation and financial consulting firm offering a portfolio of valuation services. The core offerings consist of Business Valuation (the primary service covering all business types and sizes), Stock Options Valuation (IRC Section 409A and SFAS 123R compliance), and Fairness Opinions. These core services are supported by specialized service offerings including Litigation Support Services, SEC Compliance Valuations, Tax-Related Valuations, Transaction Advisory Services, Securities Valuation, and Intangible Asset Valuation. The firm serves clients ranging from startups to large enterprises with annual sales exceeding $15 billion, across diverse industries.

Differentiator

Problem solved

Functional benefit

Products and services

• Business Valuation Comprehensive independent business valuation services for companies ranging from startups to large enterprises with annual sales exceeding $15 billion, spanning virtually every industry. Engagements are tailor-made per client and the firm specializes in business valuation as a core practice.
• Stock Options Valuation Independent valuations for stock option purposes, including determining exercise prices and complying with IRC Section 409A and SFAS 123R reporting requirements using methodologies endorsed by the SEC and AICPA.
• Fairness Opinions Independent fairness opinions for companies engaged in proposed transactions when the price and transaction are subject to scrutiny by government agencies, business owners, or third parties.
• Litigation Support Services Valuation services for legal matters including lost profits/business damages calculations, shareholder disputes, divorce proceedings, franchise disputes, and bankruptcies.
• SEC Compliance Valuations Valuation services for SEC purposes including restricted stock, Rule 144 stock, option grants, and transactions prior to IPOs.
• Tax-Related Valuations Valuation services for tax purposes including estate taxes and estate planning, gift taxes, charitable contributions, S corporation conversions, and purchase price allocations.
• Transaction Advisory Services Valuation services for mergers and acquisitions, initial public offerings, employee stock ownership plans, goodwill impairment testing (SFAS 141 and SFAS 142), and minority interest buyouts and redemptions, including solvency opinions.

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Meals on Wheels West Los AngelesminorOthersGordon Fraser & Associates (an entity potentially affiliated by name) partnered with Meals on Wheels West Los Angeles to support senior meal delivery and wellness services in Brentwood, Los Angeles. The collaboration aims to address food insecurity and social isolation among seniors through volunteer efforts and community awareness.

Scale indicators2 records

Recent moves3 records

Broad incumbents

• Alvarez & Marsal Valuation Services: A&M provides business valuation, fairness opinions, and dispute analysis with a strong restructuring and special situations focus — overlapping with Gordon Associates on litigation support and transaction valuations but at materially larger scale.
• RSM US Valuation Services: RSM US provides business valuation, ESOP, and intangible asset valuation services primarily to middle-market clients — directly comparable in service mix and target customer segment to Gordon Associates.
• BDO USA Valuation Services: BDO's Valuation & Business Analytics practice serves middle-market and SEC-reporting clients with similar 409A, goodwill, and purchase price allocation services, but with broader geographic and cross-discipline reach.
• Houlihan Lokey: Houlihan Lokey's Financial Advisory Services include fairness opinions and solvency opinions for M&A and restructuring, placing it in direct competition for higher-end transaction valuation mandates.
• Duff & Phelps (now Kroll): Kroll's Valuation Advisory practice (formerly Duff & Phelps) is a leading global valuation firm offering fairness opinions, ESOP, and dispute-related valuations — overlapping with Gordon Associates but operating at materially larger scale and international footprint.

Direct peers

• CBIZ Valuation Group: CBIZ Valuation Group offers business valuation, litigation support, and tax-related valuation services to closely-held and middle-market companies — directly overlapping with Gordon Associates in services, credentials, and client profile.
• Mercer Capital: Mercer Capital is a boutique business valuation and financial advisory firm specializing in closely-held companies, ESOPs, and litigation support — directly comparable in scope and client mix to Gordon Associates.
• Willamette Management Associates: Willamette Management Associates is a specialized business valuation and litigation economics firm serving closely-held businesses, public companies, and legal counsel — a near-identical peer in services and positioning.
• Stout: Stout provides business valuation, fairness opinions, and litigation consulting, with significantly more scale than Gordon Associates but overlapping service lines and customer profiles.

Emerging players

• Financial Models & Valuations (FMV): FMV is a tech-enabled valuation firm focused on 409A, ASC 805, and complex security valuations — competing with Gordon Associates on standardized valuation work through a more scalable, software-driven model.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/gordon-and-associates-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Gordon Associates