Gavin/Solmonese LLC announced it has hired David Benick, a valuation analyst, to provide financial expert witness testimony as part of the firm’s growing Litigation Consulting team. As a Senior Director, he will be instrumental in promoting the practice and managing teams based in the firm’s headquarters in Wilmington, DE as well as in New York City. With approximately 20 years of experience, David has performed valuations for dispute, bankruptcy, tax reporting and management planning purposes. He has extensive experience in estimating damages, lost profits and other economic calculations in connection with litigation.
According to Ted Gavin, Managing Director and Founding Partner of Gavin/Solmonese, “We pride ourselves in providing accurate and sound expert advisory reports and testimony that are based upon reasonable assumptions that can be explained in a coherent and balanced manner. It is crucial to us and to our clients’ interests that our reports withstand the scrutiny and challenge of litigation, and David’s professionalism and integrity along with his professorial presentation style earns the respect of our clients. David’s valuable skills and experience will certainly be an asset to the team and we are pleased to have him on board.”
Benick’s entire career has been in financial advisory, and he joins Gavin/Solmonese most recently from Grant Thornton LLP. He has performed valuation analyses in a variety of industries, including: advertising, chemicals, distribution, financial services (banks, asset managers, insurance), healthcare (hospitals, insurance), hospitality, manufacturing, medical paper, metals, nutraceuticals, professional services, real estate, restaurants, retail, technology and transaction clearing.
Benick is an Accredited Senior Appraiser (ASA) in the discipline of business valuation, and is a member of the American Society of Appraisers, the American Bankruptcy Institute (ABI) and the Turnaround Management Association (TMA). In addition, he devotes his time to mentoring colleagues and is particularly concerned with the promotion and advancement of women in business and actively participates as a member in the International Women’s Insolvency and Restructuring Confederation (IWIRC). He holds a Master’s Degree in Business Administration (MBA) with a finance concentration from Lehigh University and a Bachelor’s Degree in Accounting from Muhlenberg College.
Whether it’s protecting a company or its creditors from failure, deploying new leadership, or reversing antiquated thinking, Gavin/Solmonese leads companies to measurable bottom line improvement. Named one of the country’s Outstanding Turnaround Firms by Turnarounds & Workouts, the Gavin/Solmonese Corporate Restructuring Group (formerly NHB Advisors) provides leadership for underperforming and troubled companies and their stakeholders, helping businesses maximize value for owners, investors, creditors and employees. The Gavin/Solmonese Corporate Engagement & Public Affairs Group leads organizations through critical strategic thinking and tactical planning, creating better connections with consumers, decision makers and the media, resulting in market share growth and higher profitability.