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Ryan A. Gandre, CFA

Managing Director

Ryan A. Gandre, CFA is a Managing Director in the Valuation & Financial Opinions Group.  Mr. Gandre has extensive experience providing a broad range of business valuation and financial advisory services for public and private enterprises.  He specializes in the valuation of debt and equity instruments, enterprise valuations, and intangible asset valuations for corporate tax and financial reporting purposes.  He is well versed in valuation and accounting guidance related to business combinations, impairment testing, stock-based compensation, and other Fair Value measurements (e.g., mark-to-market valuations of private equity portfolio companies, financial instruments, and derivatives) and has extensive experience with the expectations of tax and financial reporting advisors and regulators.

In addition to his expertise in the areas of corporate tax and financial reporting valuation, Mr. Gandre has advised clients in many other contexts, including corporate strategic planning, financial planning and analysis, estate and gift taxation, shareholder disputes, Subchapter C to Subchapter S conversions, marital dissolution, and other tax, corporate, and litigation matters.  In addition, Mr. Gandre has considerable experience providing fairness and solvency opinions for going-private transactions, mergers and acquisitions, significant financing events (e.g., dividend recapitalizations), and other corporate transactions.

Mr. Gandre has experience in a broad range of industries including asset management, automotive, banking, broadcasting, business services, commercial printing, consumer products, energy, engineering, entertainment, food manufacturing and distribution, healthcare, information technology, manufacturing, packaging, pharmaceuticals, publishing, real estate brokerage, security services, software, telecommunications, and transportation and logistics.  His experience spans a diverse client base, from regional middle-market businesses to multi-billion-dollar enterprises, private equity funds and hedge funds, law firms, accounting firms, and financial institutions.

Mr. Gandre has written technical articles on valuation issues in the context of financial reporting assignments, and he has presented at continuing education seminars on the topics of valuation and transaction advisement.  He is also a contributor to The Appraisal Foundation’s Financial Reporting Working Group and the AICPA’s Financial Reporting Executive Committee, Equity Securities Task Force, and Impairment Task Force.

A graduate of Miami University, Mr. Gandre was awarded the W. Pat Roudebush Scholar-Athlete of the Year Award for his achievements as both a student and varsity athlete.  Mr. Gandre is a member of the CFA Institute, the CFA Society of Chicago, the Business Valuation Association of Chicago, and the Appraisal Issues Task Force.


B.S., Finance, Miami University


  • Chartered Financial Analyst