DiFilippo Corporate Finance Group brings together a team of highly experienced, credentialed professionals with deep expertise in valuation related to financial and tax reporting. All share a commitment to accuracy, integrity and forging strong client relationships.
Founder, Managing Director
Paul DiFilippo specializes in the valuation of equity securities, including common stock and preferred stock, derivative instruments, intangible assets, and debt securities. He has performed these valuations for mergers and acquisitions, financial reporting, tax, joint ventures, financing, and litigation support purposes. Paul has extensive experience performing merger and acquisition-related engagements. He has led buy side advisory teams on transactions ranging from $10 million to multibillion-dollar transactions. His services in this area include valuations of the business enterprise of target companies, creating accretion/dilution models to assess EPS effects of various transaction structures and purchase price scenarios, performing ASC 805-10 purchase price allocations, measuring the effects of synergies/dissynergies, carve-out transactions, and valuations of product lines.
Prior to forming DiFilippo Corporate Finance Group, Paul was a Vice President and Shareholder at Caturano and Company, PC, a Senior Director at Kroll and a Senior Manager in Ernst & Young LLP’s Transaction Advisory Services Practice, where he worked in the Strategic Finance and Valuation practice. He joined Ernst & Young from Arthur Andersen LLP, where he worked in their Global Corporate Finance practice.
Partner, Chief Executive Officer
Caitlin Jacques is the Chief Executive Officer at DiFilippo Corporate Finance Group. She joined DCF Group in 2013 and brings a depth of experience in broad financial services, business valuation, consulting, audit, and general finance. Caitlin has performed valuations of businesses, business interests, financial instruments, and intangible assets for financial accounting and tax reporting. She has extensive experience valuing complex transactions for intangible assets. Caitlin also specializes in purchase price allocations, acquisitions of assets, impairments of goodwill and long-lived assets, valuations of contingent consideration and rollover equity, and valuations of stock-based compensation. She is also experienced in performing valuations of profit interests for limited liability companies (LLCs) for tax purposes pursuant to Revenue Procedures 93-27 and 2001-43, and financial reporting purposes pursuant to FASB ASC 718.
Prior to joining DCF Group, Caitlin spent more than 10 years at the public accounting firms Arthur Andersen and RSM (formerly Vitale, Caturano & Company), where she performed audits of both private and public companies and provided business valuation services. Caitlin has experience providing a broad range of due diligence work for her audit clients, including valuations in connection with mergers and acquisitions. In addition to her work in public accounting, Caitlin was also a finance manager at the private equity firm Bain Capital, LLC for two years.
Partner, Managing Director
Lynn H. Joyce specializes in the valuation of business enterprises, debt and equity securities, intangible assets, and derivative instruments for a variety of purposes, including financial accounting and public reporting, corporate tax planning, mergers and acquisitions, strategic planning, gift and estate tax planning, and litigation support. She has performed valuations for privately held, pre-revenue companies, family limited partnerships, as well as publicly traded companies. Lynn’s financial reporting experience includes assignments for ASC 805 purchase price allocations, ASC 350 and ASC 360 impairment testing, ASC 718 valuation of stock-based compensation, and ASC 815-15-05 embedded derivatives. Her tax-related work encompasses valuations performed in connection with the valuation of securities issued as equity compensation to employees as well as a multitude of valuations performed for gift and estate purposes.
Prior to joining DCF Group, Lynn was a manager in RSM US LLP’s valuation practice. Lynn was also formerly an associate with Willamette Management Associates, where she was responsible for a broad range of valuation and financial advisory engagements.
Managing Director
John O’Brien specializes in the valuation of equity securities, including common stock and preferred stock, derivative instruments, intangible assets, and debt securities, having performed these valuations for mergers and acquisitions, financial reporting, tax and joint ventures and corporate financings. John specializes in the valuation of equity securities of privately-held companies. He has valued enterprises with revenues ranging from pre-revenue to billions of dollars. He specializes in dealing with entities with complex capital structures. John has also performed numerous valuations for ASC 805-10 purchase price allocations, measuring the effects of synergies/dissynergies, carve-out transactions, and valuation of product lines.
Prior to joining DCF Group, John was the Director of Valuations for a regional CPA firm where he was responsible for the management of the overall practice in addition to his duties of performing business valuations. Prior to his career in business valuation, John had a successful corporate finance career as the Chief Financial Officer of businesses ranging from heavy construction to money management. John has worked as a senior corporate finance executive with companies ranging from early stage of development to mature enterprises in turnaround situations. John began his corporate finance career working in Fidelity Investments venture capital group.
In the late 1980s, prior to his corporate finance career, John spent three years managing a submarine sandwich shop. He went on to own and operate it for two years before successfully selling his interest to his business partner. Later in his career, he started and owned a pizza and submarine sandwich shop before returning to corporate finance.
Managing Director
With 13 years of business valuation experience, Ellen Patnode specializes in the valuation of common and preferred stock, partnership and limited liability company interests, Level 3 assets, goodwill impairment analysis, and purchase price allocations. Further, she has performed several notable private company stock valuations for clients that have completed the S-1 registration process. Ellen has performed valuations for a broad range of industries, including pharmaceutical, biotechnology, medical device, food & beverage, and high-technology. Her expertise is primarily focused on financial reporting and tax reporting requirements related to stock-based compensation, acquisitions, divestitures, joint venture formations and impairment testing.
Prior to joining DCF Group, Ellen was a Manager of Portfolio Administration for a middle-market Private Equity firm with a managed portfolio of assets over $3.3 billion. As the Manager of Portfolio Administration, she was responsible for the daily portfolio administration of private equity investments, developed quarterly limited partner internal rate of return performance metrics, performed quarterly and annual fair value assessments of partnerships, preferred and common equity interests for privately held portfolio companies. Prior to her career in private equity, Ellen was a member of Ernst & Young LLP’s Transaction Advisory Services Group where she executed a variety of engagements for tax and financial reporting compliance.
Partner, Managing Director
Jordan Cyr has more than 10 years of broad financial services experience in business valuation and consulting, audit and general finance. Jordan has performed valuation advisory services in all major industries including consumer goods, biotechnology, healthcare, technology, software, manufacturing, and financial services. He has performed engagements for M&A planning, financial reporting, tax, and internal planning purposes. His financial reporting experience includes purchase price allocations pursuant to ASC 805, Step 1 and Step 2 impairment testing pursuant to ASC 350 and valuations of stock-based compensation related to ASC 718. Jordan has vast experience allocating equity to share classes using option pricing, probability weighted expected return, monte carlo simulation, and hybrid methodologies.
Jordan started his career at KPMG LLP performing financial statement audits of both private and public companies. He then transitioned to the business valuation consulting practice at KPMG, where he was responsible for performing and reviewing valuations for public, private, and large multinational corporations. Jordan has experience providing a broad range of financial consulting services for clients, including valuations, transfer pricing analyses, and various services in connection with mergers and acquisitions.
Managing Director
Leslie’s broad financial services experience in business valuation and consulting, technical accounting, audit and general finance began in 2004. Leslie has performed valuations of businesses, business interests, financial instruments, and intangible assets for financial accounting and public reporting. Additionally, Leslie has technical accounting experience related to transactions that require consideration of various accounting literature, including business combinations, revenue recognition, lease accounting, fair value accounting, accounting for debt and equity, and collaboration agreements, among others.
Leslie spent the first ten years of her career in the commercial services audit group at Ernst & Young LLP. At EY, Leslie performed audits of both private and public companies and specialized in biotechnology, pharmaceutical, medical device, semiconductor, manufacturing, distribution and technology companies. Additionally, Leslie served as an auditor on various clients that completed significant transactions including initial public offerings, mergers, acquisitions, divestitures and collaboration agreements. Leslie also participated in Sarbanes-Oxley Section 404 compliance projects and worked with international clients developing risk assessments, control analysis and process documentation. Leslie was also the Global Accounting Policy Manager at Iron Mountain, Inc. where her responsibilities included development and application of international accounting policies, including revenue and leasing.
Managing Director
Jason Zeman is a Managing Director at DiFilippo Corporate Finance Group. He has more than 20 years of broad financial services experience in business valuation, consulting, financial advisory, and investment management. Jason has performed valuations of businesses, business interests, financial instruments, debt securities, intellectual property and other intangible assets for mergers and acquisitions, financial reporting, tax planning and compliance, employee stock ownership plans, and litigation and dispute advisory matters.
Jason has provided advisory services to a variety of clients ranging from early development stage companies to large multinational conglomerates. He has extensive client experience in the life science, technology, consumer and industrial products, healthcare, and retail sectors. Jason’s transaction-related experience includes valuations of acquisition targets, fairness opinions, and transaction negotiation support. His financial reporting acumen encompasses ASC 805 purchase price allocations, ASC 350/360 impairment testing, ASC 718 stock-based compensation valuations, and ASC 820 valuations of derivative and debt instruments. Prior tax-related work includes valuations performed for gift & estate planning, issuances of equity securities to employees (e.g., IRC 409A), legal entity carve-outs, tax restructurings, intellectual property transfers, and C-Corp to S-Corp conversions. In the dispute advisory area, Mr. Zeman has led valuation engagements for a variety of purposes including shareholder disputes and equitable distribution. Jason has also provided valuations and other financial analysis in connection with buy/sell transactions, joint ventures, and capital markets transactions.
Prior to joining DCF Group, Mr. Zeman held leadership positions in the national valuation practices of PricewaterhouseCoopers, Kroll, and RSM. Most recently Mr. Zeman was a Managing Director and the practice leader of BDO’s Valuation & Capital Market Analysis practice in Boston where he focused on servicing middle market private and public clients, as well as private equity and venture capital firms. Jason’s past experience also includes his tenure as a buy-side equity analyst with both OppenheimerFunds and Sun Capital Advisers, where he covered small and mid-cap stocks across a number of sectors including energy, industrials, materials, REITs, financials, and utilities.
Managing Director
Toni De Palma is a Managing Director at DiFilippo Corporate Finance Group, LLC. Since 2010, Toni has performed valuation advisory services in all major industries including technology, software, biotechnology, and life sciences. She has performed valuations of business enterprises, intangible assets, and equity securities for a variety of purposes, including financial accounting and public reporting, mergers and acquisitions, strategic planning, gift and estate tax planning, and litigation support. Toni’s financial reporting experience includes purchase price allocations pursuant to ASC 805, impairment testing pursuant to ASC 350, and valuation of stock-based compensation related to ASC 718. Her expertise for tax-related engagements includes valuations performed for gift and estate tax purposes.
Prior to joining DCF Group, Toni was a director in RSM US LLP’s valuation practice. During her career, she has performed and reviewed valuations for privately held, pre-revenue companies as well as publicly traded companies and multinational corporations.
Senior Director
Kelly Richard is a Senior Director at DiFilippo Corporate Finance Group, LLC. Kelly has over 10 years of financial services experience in business valuation, consulting, and litigation. She has performed valuation advisory services in all major industries including biotechnology, pharmaceuticals, technology, retail, hospitality, renewable energy, and professional services. Kelly has performed valuations of business enterprises, intangible assets, and equity securities for a variety of purposes, including financial reporting, tax compliance, mergers and acquisitions, strategic planning, gift and estate tax planning, and litigation support. She has performed valuations for privately held, pre-revenue companies, family limited partnerships, as well as publicly traded companies. Kelly’s financial reporting experience includes engagements for ASC 805 purchase price allocations, ASC 350 and ASC 360 impairment testing, and ASC 718 valuation of stock-based compensation. Her tax-related work encompasses valuations performed in connection with the valuation of securities issued as equity compensation to employees as well as valuations performed for gift and estate purposes.
Kelly started her career at Finnerty Economic Consulting, LLC and AlixPartners performing litigation and valuation work before spending over eight years in the Valuation and Capital Markets Analysis group at BDO USA, LLP.
Senior Director
Vinjola DiCenso has 15 years of broad financial services experience in business valuation, consulting, and general finance. Vinjola has performed valuation advisory services in all major industries including healthcare, media and communications, pharmaceuticals, technology, manufacturing, and financial services. She has performed valuations of business enterprises, intangible assets, and equity securities for a variety of purposes, including financial accounting and public reporting, mergers and acquisitions, strategic planning, gift and estate tax planning, and litigation support. She has performed valuations for privately-held, pre-revenue companies, family limited partnerships, as well as publicly traded companies. Vinjola’s financial reporting experience includes assignments for ASC 805 purchase price allocations, ASC 350 and ASC 360 impairment testing, and ASC 718 valuation of stock-based compensation. Her tax-related work encompasses valuations performed in connection with the valuation of securities issued as equity compensation to employees as well as a multitude of valuations performed for gift and estate purposes.
Vinjola started her career at Huron Consulting Group performing litigation and valuation work. During her career she has held various finance roles for financial services and manufacturing companies, assisting in internal operations and financial planning and analysis. She also spent three years at BDO USA LLP’s valuation practice.
Director
Soo Kim has more than seven years of broad financial services experience in business valuation and consulting. Soo has performed valuation advisory services in all major industries, including technology, software, manufacturing, healthcare, media and communications, pharmaceuticals, and financial services. She has performed valuations of business enterprises, intangible assets, and equity securities for a variety of purposes, including financial reporting, tax, and strategic planning. Soo’s financial reporting experience includes assignments for ASC 805 purchase price allocations, ASC 350 impairment testing, and ASC 718 valuation of stock-based compensation. Her tax-related work encompasses valuations performed in connection with the valuation of securities issued as equity compensation to employees as well as the valuation of non-compete agreements performed for IRC 280G purposes.
Prior to joining the DCF Group, Soo was a manager at Ernst & Young LLP’s Strategy and Transaction Group. She started her career at BDO USA LLP’s valuation practice and spent one year as a member of BDO Korea’s audit practice, where she performed financial statement audits of Korean subsidiaries of international companies. During her career, Soo has performed and reviewed valuations for privately held, pre-revenue companies as well as publicly traded companies and multinational corporations.
Director
Nathan Jones is a Director at DiFilippo Corporate Finance Group, LLC. Nathan’s broad financial services experience in business valuation and consulting began in 2015. Nathan has performed valuation advisory services in all major industries including healthcare, media and communications, pharmaceuticals, technology, manufacturing, and financial services. He has performed valuations of business enterprises, intangible assets, and equity securities for a variety of purposes, including financial reporting, tax reporting, and strategic planning purposes. Nathan’s financial reporting experience includes assignments for ASC 805 purchase price allocations, ASC 350 and ASC 360 impairment testing, and ASC 718 valuation of stock-based compensation. His tax-related work encompasses valuations performed in connection with the valuation of securities issued as equity compensation to employees as well as a multitude of valuations performed for gift and estate purposes.
Prior to joining the DCF Group in 2022, Nathan was a manager at BDO USA LLP’s valuation practice. During his career, he has performed and reviewed valuations for privately held, pre-revenue companies as well as publicly traded companies and multinational corporations.
Manager
Kevin Kiley is a Manager at DiFilippo Corporate Finance Group, LLC. He began his career in financial services in 2019, with a focus on business valuation and consulting. Kevin has performed valuation advisory services in all major industries including biotechnology, healthcare, technology, software, energy, and financial services. He has performed valuations of business enterprises, intangible assets, and equity securities for a variety of purposes, including financial reporting, tax reporting, and strategic planning purposes. Kevin’s financial reporting experience includes assignments for and ASC 718 valuation of stock-based compensation, ASC 820 fair value measurement, ASC 805 purchase price allocations, and ASC 350 and ASC 360 impairment testing. His tax-related work includes valuations performed in connection with the valuation of securities issued as equity compensation to employees as well as valuations performed for gift and estate purposes.
Prior to joining DCF Group, Kevin was a Senior Consultant in Deloitte Risk and Financial Advisory’s Business Valuation group. During his career there, Kevin performed and reviewed valuations for public, private, and large multinational corporations.
Chief Operating Officer
Katie Walsh is an integral part of our team, helping to implement the right processes and practices for the DCF Group. Katie is also responsible for ensuring the efficient production of services for our clients and team members. Overseeing multiple projects within the company, Katie is the go-to person for directing and coordinating day-to-day operations within DCF Group.
Katie has more than 15 years of experience in an operations role. Previously she worked at RSM (formerly Vitale, Caturano & Co) as a Senior Administrative Assistant where she worked closely with Internal Audit, Audit, and Sarbanes Oxley teams. She holds a Bachelor of Science Degree in business administration from Merrimack College, with a concentration in management.
Operations Director
Richelle Teller assists team members in all aspects of the company’s operational excellence. She has strong process management skills and a natural aptitude for multitasking. Richelle has experience with, and is responsible for, all operational and administrative tasks such as scheduling, correspondence, preparing reports and proposals. Having held various financial industry positions at RSM US LLP and Fidelity Investments, she is able to tailor her skills to meet the needs of all clients and team members.
Richelle holds a Bachelor of Science Degree in business administration from Babson College, where she doubled majored in marketing and communications.
Operations Supervisor and Marketing Coordinator
Jessica Redfern joined our operations team in 2020, bringing her keen understanding that the client is the most important asset of any organization. As Operations Supervisor and Marketing Coordinator, she combines aspects of administrative and research analysts’ roles in assisting with the production of reports that support a positive, customer-driven business experience and trusted relationships.
Prior to joining DCF Group, Jessica was a Marketing Administrative Assistance and Event Facilitator Consultant at RSM US LLP’s Marketing and Business Development Department. Jessica holds a Bachelor of Science Degree in communications from Salem State University.
Operations Senior
Elena Haskins joined our operations team in 2021. She is a dedicated and driven individual who ensures quality services are delivered to the client. Elena prides herself on giving undivided attention to company and team needs, serving them with the utmost integrity. As an Operations Senior, she aids in the production of a variety of reports that assist in the overall valuation process. Elena has a complimentary background in Administrative Assistance and customer service.
Operations Supervisor
Mary Gill joined our operations team in 2022. She is a determined, self-starter who has a 15-year history in banking, operations, and compliance. With Mary’s extensive background, she provides our team with progressive knowledge and innovative opinions as she aids in the production of reports in our financial valuation process. Mary is a highly-motivated individual who possesses a strong work ethic and team-minded importance.
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