About the Author

John W. Lindak, CFA, ASA

Director, Business Value Strategies

As part of the Wilmington Trust and M&T Emerald Advisory Services™ team, John provides business valuation and business transition analysis services to business owners.

For 25 years, he has been engaged as a professional business appraiser, performing valuations of privately held businesses across many industries to serve a variety of needs, including: capital transactions, federal estate and gift taxes, ESOP plans, marital dissolution, and other litigation cases. John has been qualified and has testified as a business valuation expert in New York state.

John has made numerous presentations on valuation topics before various professional and industry associations and was an adjunct professor of finance at Niagara University, New York. He holds an MBA from Northern Arizona University and a bachelor’s degree in commerce from Niagara University. He is a CFA® charterholder and past president of the CFA Society Buffalo, where he has served in several capacities on its board. John has also been certified as an Accredited Senior Appraiser (ASA) under the business valuation section of the American Society of Appraisers.

By the Author

Episode 5: Family Business Valuation During a Crisis

John W. Lindak, CFA, ASA |
Emerald GEMs
45305_Emerald GEMS Expanded (002).jpg

June 2— With a major economic downturn and businesses hit particularly hard from the COVID-19 pandemic, many family business owners are asking: What does this mean for the valuation of closely held businesses that have no readily observable market prices? It stands to reason that the same uncertainties sweeping through the public markets would also impact smaller private companies in even more profound ways, with travel, leisure, and retail businesses being especially hard hit.


Business Valuation During a Crisis

John W. Lindak, CFA, ASA |
My Business

Before the budding of spring flowers, a new coronavirus emerged from obscurity to a worldwide pandemic known as COVID-19. After the World Health Organization declared the coronavirus a global pandemic, defensive measures imposed by governments brought economies to a standstill and sent markets into nosedives. Coupled with the effects of falling prices of crude oil, the equity markets in the U.S.