Understanding the value of your business is a critical part of making informed decisions. A professional business valuation can play an important role in estate and gift planning, tax matters, business purchases or sales, buy-sell agreements, succession planning, divorce proceedings, and shareholder disputes. Because every business is different, a thorough valuation considers a wide range of financial, operational, and market factors.
Our valuations are conducted through Value Defined LLC. Business valuation services are led by Garth Tebay, CPA, CVA, MAFF, CM&AA, Managing Partner. Mr. Tebay is a Certified Valuation Analysts (CVA) through the National Association of Certified Valuation Analysts (NACVA).
Since 1980, our team has completed hundreds of valuations for clients on a national and regional level. With decades of combined experience, we provide valuation services that are not only technically sound, but also practical, efficient, and economically feasible.
Value Defined works with small businesses, middle-market companies, business-owning families, and family offices. We perform valuations for gift and estate tax, income tax, merger and acquisitions, ESOPs, financial reporting, litigation support, expert testimony, and bankruptcy matters.
Our services help business owners understand what their business is worth, identify opportunities to increase value, evaluate acquisitions, and prepare for a future sale or transition. Backed by extensive experience, rigorous valuation standards, and ongoing professional education, we are committed to delivering accurate, dependable, and high-quality valuation services.
When you’re dealing with important financial matters, experience and credibility matter. You need a valuation partner you can trust to deliver accurate, defensible, and reliable results. That’s where Value Defined stands apart.
Our certified business valuators complete rigorous training, testing, and ongoing professional development to provide clients with dependable, high-quality valuation services. Combined with extensive real-world experience and a commitment to strict valuation standards, our team delivers work that is both thorough and practical.
Because of Value Defined’s reputation, diligence, and pragmatic approach, many attorneys and CPAs choose our firm to support their clients in complex valuation matters.
| Phone: 419-360-0144
Mr. Tebay, CPA, CVA, MAFF, CM&AA, has over 50 years of experience in accounting, valuation, and litigation support. He is the founder and Managing Partner of Value Defined®, a business valuation and litigation support firm in Monclova, Ohio, and an Affiliate Member of Business Growth Alliance, which provides value growth consulting and investment banking services to owners of mid-sized businesses. Mr. Tebay received his Bachelor of Science in Accounting in 1972 from Findlay College in Ohio. In 2008, he founded Tebay & Associates, LLC, a full-service accounting, tax, and consulting firm that later became Tebay Bronson & Associates, LLC in 2016. His primary focus is management consulting, including business valuations, litigation support, and mergers and acquisitions.
Prior to this, Mr. Tebay served as Founder and Managing Partner of Tebay Mosley Associates, LLC, Partner at Brell, Tebay, Holt & Dettinger, Inc., and CFO/Director of Westhaven Services. He has been qualified as an expert witness in Common Pleas, Federal and Municipal Courts, providing testimony in matters involving divorce, personal injury, lost profits, economic damages, shareholder disputes, and federal bankruptcy proceedings. He has also served as an arbitrator for the American Arbitration Association and has consulted on numerous valuation matters and merger and acquisition transactions.
Mr. Tebay has also presented seminars and training on valuation, forensic accounting, and economic damages for organizations including the Internal Revenue Service, U.S. Small Business Administration, Korean Valuation Association, National College of District Attorneys, Business Valuation Resources, American Society of Appraisers, Toledo Bar Association, and Financial Poise.
Garth joined Thomas Brell & Associates after graduation in 1972. The small firm had four partners, one paraprofessional and a secretary/receptionist. He hit the road running at full speed. After three years the three junior partners left in different directions. Garth became a certified public accountant and partner in the third year. Over the 15 years, the firm grew to 24 associates, four partners, location changed to downtown 10th floor in Citizens National Bank Building, and expanded into all services including audit, accounting , taxes, advisory services, and a computer company. He became a senior partner when we brought on Clayton Holt, Audit Partner, and Patty Dettinger, Tax Partner. Garth headed up the advisory services side of the practice, business valuations, and owner/managed the computer company. The name changed to Brell, Tebay, Holt & Dettinger Inc.
Garth had the largest number of clients including one large regional institutional pharmacy. He managed the account and served on the Company’s Advisory Board. In 1987, the owner asked Garth to come on board as CFO, Over the next two years, we expanded into Indiana and Michigan, becoming the largest regional institutional pharmacy in the nation. Mary Lou Fox was the owner and CEO of the business. She was the most dynamic businessperson Garth ever met. Managing three shifts 24/7 with a no-back-order policy, took its toll. Garth decided to leave in December 1989 and open my own CPA firm. The best part was retaining Mary Lou Fox as a client and helping her sell to a fortune 500 company.
Tebay & Associates was founded in December 1989. Over the next 19 years, Garth grew the firm up to 26 associates and added a partner. The firm name changed to Tebay Mosley & Associates LLC. During these 19 years he obtained certification in business valuation, certified in financial forensic, and certified merger and acquisition advisor. During these 19 years, he formed Value Defined LLC, became an associate of James Bly, and member of BGA.
In December 2008, Garth left Tebay Mosley & Associates and founded Tebay & Associates LLC (2008-2016) and continued the management of Value Defined LLC. In July 2016, he brought on a partner and the firm name changed to Tebay Bronson & Associates LLC (2016-2018).
In December 2018, we decided to merge with Weber Clark & Associates, a large local firm (40 associates). Jeremy Bronson joined Weber Clark as a partner, and Garth stayed on as an independent professional services provider.
In December 2020, Weber Clark merged with GBQ, a large regional firm (top 500 CPA firms). Jeremy Bronson became an income partner of GBQ, and Garth continued as an independent professional services provider.
In June 2023, Garth terminated his professional services agreement and continued in practice as founder/sole practitioner of Value Defined LLC.
In 1996, Garth became certified in business valuation (CVA). He became active in National Association of Certified Valuation Analysts (NACVA). Over the past 30 years, he has served with NACVA as:
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