Background
Jeff Balcombe writes on the valuation of insurance organizations for
IRMI.com.
As president, CEO, and partner of the BVA Group (BVA),* Mr. Balcombe leads
the firm's management committee and is involved in all aspects of
overseeing the firm's services, including valuations, financial advisory
services, and dispute consulting.
Mr. Balcombe has testified over 70 times on issues related to general
commercial damages including economic damages and lost profits analyses, patent
and copyright infringement, misappropriation of trade secret violations,
purchase price disputes, wrongful contract termination, shareholder disputes,
financial fraud allegations, securities class actions, and valuation issues,
including the valuation of businesses and business interests, as well as
fairness, solvency, and reasonably equivalent value analyses.
BVA is a nationally recognized litigation, valuation, and financial advisory
firm that has a reputation for providing valuable insight and responsive
service to clients seeking guidance regarding complex financial issues. The
firm was founded in 1974 to pursue a simple but powerful purpose: to empower
others through its expertise in valuation, economic damages, and corporate
finance issues.
BVA has advised on numerous insurance-related valuation consulting projects
including litigation consulting, acquisitions, sales, and valuation of
businesses for purposes including mergers and acquisitions, tax planning, and
estate and gift taxes. His work has involved agencies, brokers, and financial
institutions, with personal lines and excess and surplus lines and other
specialty market providers including nonstandard auto, health care, workers
compensation, and administrators.
Outside of a dispute context, Mr. Balcombe has been involved in hundreds of
valuations across numerous industries performed for various purposes, including
financial reporting, tax, employee stock ownership plans, solvency opinions,
and fairness opinions. He leads the firm's solvency and fairness opinion
committees where BVA provides such financial advisory opinions relating to
transactions.
In addition to being a certified public accountant (CPA) who holds the
designations of Accredited in Business Valuation, Certified in Financial
Forensics, and Chartered Global Management Accountant awarded by the American
Institute of Certified Public Accountants, Mr. Balcombe holds the Chartered
Financial Analyst designation awarded by the CFA Institute and is an Accredited
Senior Appraiser in Business Valuation through the American Society of
Appraisers. He is one of the Panel of Experts that writes for, and is
recognized by, the Financial Valuation and Litigation Expert journal,
a periodical that publishes technical valuation and litigation consulting
topics and is referenced by those in his profession. Additionally, Mr. Balcombe
has given presentations involving valuation and litigation, including
continuing legal education events, and is a published author. He coauthored the
Financial Valuation: Applications and Models (FVAM), fourth edition,
April 2017, and is a contributing author to the FVAM, third edition,
April 2011. At the request of the European Parliament Committee on Economic and
Monetary Affairs, he coauthored the study "Financial Supervision and
Regulation in the US: Dodd-Frank Reform," December 2018.
Mr. Balcombe was the founder and president of Blue Sky Billboards LP, which
became one of the fastest-growing outdoor advertising companies in Oklahoma
from 2005 through 2011. He led the sale of Blue Sky to a private equity group
after a sale process involving multiple bidders. Before joining BVA, Mr.
Balcombe was cofounder and chief financial officer of a software company where
he was the coinventor on a patent and was involved in raising significant
private capital. Mr. Balcombe was previously with Ernst and Young LLP as an
audit professional and a financial advisory consultant, as well as a financial
advisory consultant at another firm providing services similar to BVA.
Mr. Balcombe received a master in professional accounting and bachelor of
business administration from the University of Texas, where he graduated with
honors. He is a member of the American Institute of Certified Public
Accountants (Forensic and Valuation Services Section), CFA Institute, Texas
Society of CPAs, American Society of Appraisers, and the American Bankruptcy
Institute.
In addition to his role at BVA, Mr. Balcombe is a member of the board of
directors of Nimbic Systems, Inc., a Houston-based, private-equity-backed
medical technology company, and is an adviser to a blockchain/cryptocurrency
fund. Mr. Balcombe is involved in his church as well as charitable causes. He
has been married since 1995 and has three children.
*Although BVA employs CPAs, it is not a CPA firm.