The McLean Group Promotes John Ames to Valuation Manager
MCLEAN, VA – February 22, 2024 – The McLean Group announced today that John Ames of the Business Valuation team has been promoted to Valuation Manager. John is an invaluable asset to our team, showcasing exceptional dedication and hard work. His commitment to excellence and unwavering support for our clients’ successes truly set him apart. Join us in congratulating John on this significant achievement!
As Valuation Manager John is responsible for the completion of valuations for public and private companies for transaction, financial reporting, tax, and other purposes.
Mr. Ames has completed hundreds of valuation engagements, which include business valuations, intangible asset valuations, fairness opinions, purchase price allocations, goodwill impairment tests, long-lived intangible asset impairment tests, and complex security valuations.
Prior to joining The McLean Group, Mr. Ames worked in KPMG’s securitization practice, completing new issuance asset-backed securitization transaction and valuations of illiquid fixed income securities. Mr. Ames is a graduate of The College of William and Mary with a Bachelor of Business Administration (major in Finance).
Mr. Ames may be reached at 703.996.4104 or james@mcleanllc.com
About The McLean Group
For over 30 years, The McLean Group has been providing investment banking and financial services offerings focused on the Defense, Government & Intelligence (DGI), Security, Critical Infrastructure, Maritime, Facility Services, Unmanned Systems, and Public Safety markets. Our 60+ professionals bring deep industry experience and relentless execution to every client engagement. We provide solutions that blend financial creativity with operational expertise. Whether we are providing transaction advisory, valuation opinions, or growth capital, our services are unmatched in these core markets. Learn more at www.McLeanLLC.com.
RECENT NEWS
PCC Elections for Private Company Acquisitions: What PE Sponsors, Portfolio Company CFOs, and Their Advisors Need to Know Before Making the Call
Private Company Council (PCC) accounting elections offer PE-backed companies a meaningful opportunity to reduce the scope and cost of purchase price allocation work, but the decision carries long-term implications that extend well beyond the close. Under ASU 2014-02, private companies may amortize goodwill on a straight-line basis over up to 10 years, eliminating the burden of annual impairment testing. Under ASU 2014-18, customer-related intangibles and noncompetition agreements may be subsumed into goodwill rather than separately recognized and valued. Together, these elections can streamline acquisition accounting and lower ongoing audit and compliance costs, but they also introduce restatement risk if the portfolio company later pursues an IPO or is acquired by a public buyer. For PE sponsors, the decision should be evaluated in the context of the fund’s exit thesis and applied consistently across portfolio companies. […]
Revenue Looks Strong on Paper – But ASC 606 Compliance in Construction Tells a Different Story
Revenue looks strong on paper – but ASC 606 compliance in construction tells a different story. In this case study, The McLean Group’s Financial Consulting and Transaction Due Diligence teams walk through a real construction services engagement where a project-level ASC 606 review surfaced a pattern of revenue recognition issues that materially changed the earnings picture. We examine the KPIs that matter most, including cost-to-complete accuracy, change order approval rates, and over and under billing trends, and explain why ASC 606 compliance deserves the same rigor in diligence as working capital analysis or debt-like items. […]
Purchase Price Allocations Under ASC 805: What Every PE-Backed CFO and Deal Team Needs to Know
A purchase price allocation (PPA) is the first post-close workstream that directly affects reported EBITDA, lender covenant calculations, and eventual exit valuation for PE-backed acquirers. Under ASC 805, every acquisition requires the buyer to allocate the total purchase price to identifiable assets and liabilities at fair value — including intangibles that never appeared on the target’s balance sheet. For middle-market deals, identified intangibles commonly represent 30–60% of total consideration, and each carries its own valuation methodology, useful life assumption, and amortization consequence. The McLean Group’s Valuation Advisory team breaks down what every CFO, controller, and deal team needs to know about getting the allocation right the first time. […]