Robert S. Kamanitz, ASA, Principal, has over 25 years of business valuation experience. He has valued in excess of 1,500 companies spanning a variety of industries and ranging in size from start-ups to companies with in excess of $15 billion in sales. He was previously employed by the investment banking firm of Newbury, Piret & Company, Inc. in the Business Valuation and Corporate Finance Departments. Mr. Kamanitz is a Senior Member of the American Society of Appraisers. He holds an M.B.A. with High Honors from Boston University and a B.A. from Brandeis University. Email:

James D. Prybyla, CBA, Principal, has more than 20 years of business valuation experience and has performed more than 1,000 valuations of closely-held businesses in a wide variety of industries.  Mr. Prybyla was previously a member of the Investment Banking Department at Fechtor, Detwiler & Co., Inc., working with clients on business valuations, fairness opinions, initial public offerings, private financings and mergers and acquisitions. Prior to that, Mr. Prybyla was employed by Analog Devices, Inc. as a Senior Engineer. He is a Certified Business Appraiser of the National Association of Certified Valuators and Analysts. Mr Prybyla holds an M.S.F. with High Distinction from the Bentley College Graduate School of Business and a B.S.E.E. Summa Cum Laude from the University of Lowell. Email:

Howard J. Gordon, CFA, Consultant, has more than 40 years of experience in business valuation. He is the founder and President of GA, Inc. (formerly Gordon Associates, Inc.). Prior to that he was Senior Vice President of the investment banking firm of Newbury, Piret & Company, Inc. and Manager of its Business Valuation Department. Other experience includes Senior Trust Officer and Manager of the Business Service Department at State Street Bank & Trust Company and Investment Research Officer with the Trust & Closely-Held Asset Department at Bank of Boston. Mr. Gordon has lectured widely before various professional groups on the subject of business valuation and has testified as an expert witness in numerous State and Federal Courts. He is a Chartered Financial Analyst and holds an M.B.A. from Ohio University and a B.S. from Marietta College.