Merrimack Business Appraisers

A Nationally
Recognized Expert

in developing highly defensible business valuations for privately-held businesses throughout the United States and internationally. Clients come to us when they need a professional valuation for tax matters (estate settlement, gifting, and employment related), divorce settlement, shareholder dispute resolution, or sale of a business. We also provide independent business appraisal reviews.

Merrimack Business Appraisers has performed business valuations for most industries and sectors. Our proven approach and methodology is relevant and applicable across industries and business structures including C and S corporations, LLCs, partnerships, and sole proprietorships.

Why Merrimack Business Appraisers?

When values matter, a well-formed, well-documented, and complete opinion of value that stands up to rigorous scrutiny is essential.

Proven Process

We have developed a proven process comprised of a series of logical steps that make our company valuations defensible. Our reports document what was done, why it was done, how it was done, and the conclusions drawn and why those conclusions are reasonable and credible.

Proven Track Record

While most cases settle outside of court, when Merrimack Business Appraisers’ valuations have been presented in court by Mr. Pereira, the triers of fact have ruled in favor of the opinion of value 100% of the time.

Proven Methodology

We have long embraced and leveraged the Discounted Cash Flow method; a method now being more readily adopted by other industry business valuation thought leaders.

Singular Focus

Business valuation services is what we do, all the time. This is not a side effort to smooth out workload. Business appraisals is our singular focus that leverages our business experience and acumen, our designations and certifications. You’re assured that the company valuation is prepared by the President of Merrimack Business Appraisers. There is no handoff to inexperienced or junior people.

Highest Ethical Standards

We are impartial, objective, a non-advocate and handle all information confidentially.

Current And invested

We are fully apprised of recent court cases, rulings in tax court, shareholder dispute cases, and divorce court rulings, all of which are factored into our strategy and best practices. We also invest in multiple market databases to provide superior, quality valuation research of related market conditions as key considerations in developing business valuation opinions.

About Merrimack Business Appraisers

Thought Leaders in Valuations

This business valuation company was established in 2007 by two national thought leaders on business valuations, Warren S. Burkholder Jr. and Louis J. Pereira. Life-long students of finance and analysis, the partners developed a firm known for well-formed, well-documented, and defensible opinions of value built on the underpinnings of impartiality, objectivity, non-advocacy, and confidentiality.

Headshot of Louis J Pereira, President of Merrimack Business Appraisers

Louis J. Pereira, MBA, CBA, ASA, CVA, CBI, MCBI

Louis J. Pereira, President of Merrimack Business Appraisers, is one of the nation’s foremost authorities on business valuation. As a practitioner and educator, Lou prepares and presents expert valuations that are based on thoughtful and thorough analysis, consideration of relevant facts, informed judgment, reasonableness, and common sense.

Louis J. Pereira has completed the most intensive training in the country and earned the highest designations available in the field of business valuations. There are fewer than 200 Certified Business Appraisers in the country and Lou is one of them. In New England, Louis J. Pereira is one of only a dozen having earned the rigorous designation of Certified Business Appraiser.


  • Impeccable track record; 100% of valuations presented and testified to in front of a trier of fact have been accepted.
  • Valuations completed for all major industries and sectors.
  • Business valuations in 17 countries and throughout the United States.
  • More than 600 business valuations.

Professional Designations

  • Certified Business Appraiser (CBA) from the Institute of Business Appraisers (IBA); fewer than 12 in New England and fewer than 200 across the country have this designation.
  • Accredited Senior Appraiser (ASA) from the American Society of Appraisers (ASA); profession’s preeminent standard that requires 10,000 hours in business valuation and only professional designation to comply with the USPAP.
  • Certified Valuation Analyst (CVA) from the National Association of Certified Valuators and Analysis (NACVA).
  • Certified Business Intermediary (CBI) from the International Business Brokers Association (IBBA).
  • Master Certified Business Intermediary (MCBI) from the International Business Brokers Association (IBBA).

“the CBA is extremely difficult to obtain – this is well known in the industry. As a specific example, in 2014 we had 47 candidates submit reports, of which two were passed. … CBAs (MCBAs) represent a premier group of BV professionals who had to cross the “Grand Canyon” to achieve their designation. This is not something to be wasted, and like a rare coin, is something to be cherished.”

Parnell Black, CEO of the NACVA
Headshot of Warren Burkholder and retired Principal and Partner of Merrimack Business Appraisers

Warren S. Burkholder, Jr.

Merrimack Business Appraisers

Principal and Partner 2007 – 2015 (Retired)