Tom Reck is a partner in the Forensic and Valuation Services Team with over 35 years of experience in business valuation and forensic accounting, including internal investigations.
He serves clients across a wide range of industries, including accounting firms, ambulatory surgery centers, assisted living facilities and nursing homes, automobile dealerships, cannabis businesses, car washes, condominium associations, leasing companies, liquor stores, medical and dental practices, real estate developers and property managers, restaurants, supermarkets and veterinary practices.
Tom has extensive experience in shareholder disputes, estate and gift matters and matrimonial litigation. He has testified and has been recognized as a financial expert by the Superior Court of New Jersey.
His prior experience includes serving as a partner at a forensic accounting firm. He is a Certified Public Accountant (CPA) in New Jersey and holds the Accredited in Business Valuation (ABV) and Certified in Financial Forensics (CFF) credentials from the American Institute of Certified Public Accountants (AICPA).
Learn more about my professional experience and how I spend my time outside the firm.
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In the community, Tom is active in several organizations. He serves on St. Leo’s Church Finance Committee and St. Leo’s School Sports program. Additionally, he is a member of the Knights of Columbus, Elmwood Park/Paterson Elks and assists with Elmwood Park girls’ softball league.
Dealerships can be valued using several approaches, including the income, market and asset approaches. Within each approach, various methods and assumptions may be considered. A dealership valuation typically includes tangible assets such as cash, inventory and equipment, as well as goodwill, more commonly known as “blue sky” associated with the dealership. This FAQ explores the…
Franchise auto dealerships experienced an unusual period of profitability between 2020 and 2023, driven by supply constraints, shifting consumer demand and changing market dynamics. While many operating metrics have since moved closer to historical norms, the industry’s pandemic-era performance continues to influence how dealerships are valued today. The unusually strong earnings generated during that period…
Introducing Dealer Detail, a video series focused on the key business topics for auto dealers and dealership professionals.