Portage Point Partners, a prominent advisory and consulting firm specializing in the middle market, has announced the appointment of Lance Carr as managing director and head of valuations. This strategic move aims to enhance Portage Point's financial services capabilities, particularly in the realm of valuations, mergers and acquisitions advisory, and financial reporting.
Lance Carr, who brings nearly twenty years of extensive experience in valuations and corporate finance, will play a critical role in advising corporations, private equity firms, and other financial stakeholders throughout the deal lifecycle. His expertise spans a variety of industries, including business services, healthcare, pharmaceuticals, and consumer sectors. Carr's responsibilities will include providing transaction-related valuations, fairness opinions, and hold-period support, which encompasses 409A valuations and goodwill impairment analyses.
Before joining Portage Point Partners, Carr was a Managing Director at Houlihan Lokey, where he significantly contributed to the development of their Financial and Valuation Advisory Practice and established their financial modeling business. His career began at Deloitte Financial Advisory Services, where he honed his skills in financial advisory and valuations.
The appointment of Carr is expected to strengthen Portage Point's position in the market by enhancing its valuation services, thereby attracting new clients and retaining existing ones. This move reflects the firm's commitment to providing comprehensive solutions to its clients amid an evolving financial landscape.
As for the timeline, while specific closing dates for Carr's transition have not been disclosed, it is anticipated that he will begin his role immediately, further integrating his expertise into Portage Point's operations.
Ultimately, this strategic hiring is poised to benefit shareholders and employees by solidifying Portage Point's reputation as a leading advisory firm. The broader market may also see positive implications, as enhanced valuation capabilities could lead to more robust deal-making activity and improved transaction outcomes in the sectors Portage Point serves.
No antitrust or regulatory approvals are required for this appointment, as it involves internal organizational changes rather than a merger or acquisition. Carr's expertise is expected to contribute significantly to Portage Point's continued growth and success in the financial services sector.