At EPS, we specialize in providing precise financial appraisals and valuation services that impact your business planning, regulatory compliance, and litigation outcomes. With our exceptional technical knowledge and superior valuation acumen, we help you navigate the complexities of asset valuation, intellectual property appraisal, and economic damage quantification.
Asset Valuation and Economic Damage Quantification
Accurate valuation of assets is crucial for informed decision-making, compliance, and successful litigation. EPS assembles and processes technical, environmental, regulatory, and financial complexities swiftly and expertly.
Tangible and Intangible Asset Valuation
Economic Damage Assessment
Business Interruption Analysis
Depreciation and Obsolescence Evaluation
Financial Reporting and Compliance
Licensing and Royalty Valuation
Intellectual property often represents a significant portion of a company's value. We provide insightful valuations that reflect the true present and future worth of your IP assets.
Intellectual Property Appraisals
Royalty Rate Determination
Licensing Agreement Structuring
Market Potential and Competitive Analysis
Risk-Adjusted Income Forecasting
Quantification of Economic Damages for Litigation
Our expert analyses support legal proceedings by providing robust, defensible valuations and damage assessments.
Lost Profit Calculations
Infringement and Misappropriation Damages
Regulatory Taking Valuations
Expert Witness Testimony
Litigation Support Services
Why Choose EPS for Financial appraisals and valuation?
Technical Excellence and Valuation Expertise
Our team combines deep technical knowledge with advanced financial theories and valuation methods. Led by Dr. John A. Williams—a licensed Professional Engineer, Accredited Senior Appraiser, and Fellow of the American Institute of Chemical Engineers—we ensure that our analyses are both technically sound and financially rigorous.
Certified Professionals: Accredited by the American Society of Appraisers (ASA).
USPAP Compliant: Adherence to the Uniform Standards of Professional Appraisal Practice.
Multidisciplinary Approach: Integrating engineering, market analysis, and financial expertise.
Comprehensive and Customized Solutions
We tailor our services to meet your specific needs, providing detailed and insightful valuations that reflect your unique assets and circumstances.
Client-Centered Approach: We work closely with you to understand your objectives.
Detailed Reporting: Clear, concise, and comprehensive reports that stand up to scrutiny.
Strategic Recommendations: Actionable insights to inform decision-making.
Proven Track Record of Success
EPS has a history of delivering accurate valuations that have been instrumental in successful business transactions, regulatory compliance, and favorable litigation outcomes.
A selection of EPS engagements across engineering, forensics, and valuation.
Biogas Facility Regulatory Challenge
Challenge
A major renewable biogas facility experienced operational issues and concerning environmental emissions. The owner, a large international energy firm, sought approximately $74 million in damages due to its closure from the County and State of Colorado.
Solution
EPS conducted an analysis of the facility's technology, operational performance, and environmental emissions, providing insightful technical analysis of the facility, its regulatory compliance, and economic viability.
Result
The technical assessment and financial appraisal determined that the fair market value of the facility was effectively zero.
Complex IP Trade Secret Misappropriation and Contract Breach
Challenge
The intellectual property of EPS’s client, an advanced coating technology, was alleged to have been misappropriated by a former customer, a Fortune 500 industrial manufacturer.
Solution
EPS investigated and validated the client's claim of trade secret misappropriation, conducted a comprehensive valuation of the intellectual property, and calculated the total economic damages, which included lost sales and breach of contract damages.
Result
The multiyear litigation resulted in a jury award of $190 million for EPS’s client.
Electric Utility Rate Structures, Pricing and Trading
Challenge
A large utility company and its parent corporation were accused of unjust enrichment through a bribery scheme that influenced favorable legislative changes, leading to unfair rate hikes for millions of customers.
Solution
EPS provided astute energy and electric utility valuation services, quantifying the economic impact of these legislative changes and uncovering significant damages related to unjust rate increases and overstated benefits of utility infrastructure projects.
Result
EPS's findings were pivotal in supporting the plaintiffs' case, helping to demonstrate the financial harm caused to utility customers, and contributed significantly to the legal proceedings aimed at obtaining restitution for the affected ratepayers.
Intellectual Property Dispute Involving Global Licensing Fees
Challenge
A technology company developed a coal gasification process and transferred ownership to a major energy corporation, which subsequently failed to remit the agreed-upon license fees, leading to financial disputes and losses for the original developer.
Solution
EPS provided an expert valuation of the intellectual property and conducted a thorough analysis of licensing agreements to quantify the unpaid royalties. EPS also uncovered concealed assignments and discrepancies in reported revenues.
Result
EPS's findings supported the technology company in pursuing compensation, highlighting the extent of unpaid royalties and ensuring clarity in the valuation of the intellectual property assets.
Wind Energy Project Asset Valuation and Trade Secret Dispute
Challenge
Two energy development firms were in dispute over the valuation of wind project assets and alleged misappropriation of trade secrets involving wind data.
Solution
EPS investigated wind energy project development assets, assessed the contractual obligations under an asset purchase agreement, examined the claims of trade secret misappropriation, and appraised the financial impacts of the contracts and corresponding breaches.
Result
EPS's expert renewable energy analysis clarified asset ownership and appraised the financial value owed for the use of the project assets. This facilitated the rightful owner to secure compensation and successfully counter unsupported claims from the opposing party.
Solar Energy Technologies and Misappropriation of Trade Secrets
Challenge
A solar energy technology company faced allegations of trade secret misappropriation related to proprietary solar panel technologies, with conflicting narratives around the value and confidentiality of the claimed information.
Solution
EPS conducted an in-depth forensic investigation, analyzing whether the designated documents met trade secret criteria and appraising the economic value of the alleged misappropriated technologies.
Result
EPS demonstrated that the purported trade secrets were largely obsolete, publicly known, or lacked independent economic value, significantly weakening the claimant's case. This contributed to a favorable arbitration outcome by effectively disputing and vast dismissal of the $34 million in claims.
A global energy firm faced significant discrepancies in the valuation of their first-of-a-kind IsoAlky Retrofit Project by a taxing authority, which did not account for atypical costs associated with the pioneering energy technology.
Solution
EPS conducted a detailed technical assessment and financial appraisal of the first-of-a-kind technology, distinguishing typical from atypical expenses in the $560 million construction, and applied fair market value principles to establish the correct valuation.
Result
EPS’s analysis demonstrated the proper taxable value of the construction work in progress (CWIP), significantly reducing the client's ad valorem assessment by correcting the inflated valuation initially set by the taxing authority.
Technical Investigation and Financial Appraisal of Equipment Failure and Facility Shutdown
Challenge
A steel mill facility experienced chronic materials handling and operational issues, including a catastrophic collapse and shutdown during a severe snowstorm.
Solution
EPS conducted a thorough engineering and equipment maintenance assessment, including site inspections and a appraisal of the equipment and blast furnace operations..
Result
The evaluation determined negligible damages to the client, a controls and equipment supplier, providing a clear quantification of risks for the resolution of the dispute through impartial engineering and appraisal analysis.
Technical and Financial Appraisal of World-Class Fuel Gasifier Technology
Challenge
An energy technology developer encountered allegations of design defects and material and liquidated damages from a customer.
Solution
EPS conducted an in-depth forensic investigation of the gasifier technology, including engineering reviews and appraisals of the equipment value at different stages of its technology lifecycle.
Result
EPS provided expert testimony that demonstrated no evidence of the alleged defects, supporting a favorable resolution of approximately $70 million for the client and substantiation of the energy conversion technology’s continued fair market value.
Economic Implications in Oil Field Services Industry Dispute
Challenge
An oil field services company in the Niobrara-DJ Basin faced significant financial challenges from its business partners during a rapid downturn in crude oil prices, with allegations of management failing to anticipate and mitigate the market impact.
Solution
Leveraging expertise in economic analysis, EPS demonstrated the strong correlation between crude oil prices and demand for oil field services, exposing critical flaws in the actions of the business partners.
Result
EPS provided pivotal evidence about the energy industry's market dynamics, demonstrating the predictability of the downturn, which substantively informed the court proceedings and clarified the parties' financial responsibilities. This analysis enabled the client to recover the monies owed successfully.
Natural Gas Midstream Storage and Pipeline Tax Dispute
Challenge
A dispute arose over ad valorem property tax assessments for natural gas storage facilities across multiple counties in Mississippi. The complexity of appraising salt cavern storage assets and opposing interpretations of economic obsolescence in natural gas storage midstream assets were litigated.
Solution
EPS astutely appraised the natural gas midstream market and property valuations for domestic storage, pipeline transmission, domestic demand, and export markets.
Result
EPS's impartial appraisal defined the accuracy of the County Assessors’ valuations, clarifying tax liabilities and compliance with jurisdictional requirements. EPS’s midstream asset appraisals established equitable assessment practices and informed future appraisal standards.
What Clients Say
“John is the smartest guy in the room and he pairs that intellect with an approachable demeanor and a keen feel for the intricacies of complex litigation that is extremely rare in a consultant/expert at his level. With his multi-disciplinary expertise, he is constantly looking for new angles and seems to deliver every time.”
Leading Litigator, National Law Firm
“Project management, estimating skills, engineering, and design are all real core strengths of EPS…EPS’s comprehensive energy analysis for coal-fired versus gas-fired steam production, which approached the complexities of our plant’s utility and process systems, is one significant example. The project incorporated operating, maintenance, energy alternatives, risks, and future costs and presented a comprehensive financial assessment to our management in clear and concise language.”
Steve Saunders, Engineering Manager US Petrochemical Producer
“The material can be dry especially … technical material but I think John did a really good job at presenting the material in a way that made it interesting. There was a lot of theory but where it was successful were the practical examples that he incorporated.”
John Havens, Texas Utility
“John Williams is an expert in the field. He not only renovated the business, but he changed the flow of the product for the company in terms of minimizing distances from raw materials to production to warehousing to shipping. Nobody within the company was thinking that way.”
Ron Halik, International, Bioprocessing and Chemicals, Corporation
“Attention to detail, thorough understanding of engineering and its nuances.”
Kurt Brickley, Port of San Diego
“They can help with project research and analysis, providing clients with options and how they stack up against one another — equipment-wise and energy use-wise — and help conclude which option is best.”
Pat Simms, Global VP Renewable Chemicals and Biofuels Developer
“Competent, professional, honest, and able.”
John Havens, Texas Utilities
About Dr. John A. Williams
A Leader in Financial Appraisal and Valuation
Dr. John A. Williams, PE, ASA, MBA, CFEI, AIChE Fellow, is the founder and General Manager of EPS. With over 40 years of operations, engineering, and construction experience, Dr. Williams is a recognized expert in the engineering analysis and financial appraisals of energy, power, and manufacturing technologies.
With over 40 years of experience, Dr. Williams offers a unique blend of technical expertise and financial acumen. He has developed and instructed courses for the American Institute of Chemical Engineers and the American Society of Mechanical Engineers, focusing on cost engineering, valuation methods, and financial analysis.
Credentials:
Accredited Senior Appraiser (ASA) by the American Society of Appraisers in Machinery & Technical Specialties: Energy, Environmental, and Manufacturing Technologies.
Certified Fire and Explosion Investigator (CFEI) by the National Association of Fire Investigators.
Fellow of the American Institute of Chemical Engineers (AIChE Fellow).
PhD in Chemical and Fuels Engineering from the University of Utah
MBA in Finance from the University of Chicago
BS in Chemistry from the University of Delaware
Licensed Professional Engineer in over 20 states
Why EPS?
Exceptional Technical Knowledge and Superior Valuation Acumen
We bring together technical proficiency and financial expertise to deliver accurate, insightful valuations that reflect the true value of your assets.
Compliance and Professional Standards
Our valuation methodologies are fully compliant with the Uniform Standards of Professional Appraisal Practice (USPAP), ensuring credibility and acceptance in legal and regulatory contexts.
Client-Focused Service
We are committed to understanding your needs and providing personalized services that support your objectives, whether for business planning, compliance, or litigation.
