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Since its establishment, Adamy Valuation Advisors has adapted to the growth of valuation services and continues to expand its operations with a new partnership in a Northern Michigan market.
Adamy Valuation is headquartered in downtown Grand Rapids at 50 Louis St. NW It was originally founded by Rick Adamy in 1979 as an accounting firm known as Adamy + Co. PC. The firm became an independent business valuation firm in 2008 after experiencing significant growth in the market.
Nick Adamy, managing director of Adamy Valuation Advisors, said the firm established by his father was among the first to specialize in business valuation in West Michigan.
"He had a couple of contemporaries that kind of grew up with him as competitors in the market. It became a larger and larger piece of the accounting firm practice, to the point, in 2008, we carved out valuation and sold the accounting firm," said Adamy. "We are now a 10-person valuation firm. We figure out what companies are worth for a variety of purposes."
The firm provides companies and auditors with valuation or appraisal analyses in various areas, such as financial reporting, litigation support, mergers and acquisitions, divorce, succession planning, tax-related valuation and employee stock ownership plans.
"We are not consultants; we don't do taxes; we don't give legal advice; we don't broker deals. Instead, we provide an independent opinion of value. Most of the time it is for situations or transactions that would fall under third-party...