WE'RE PROUD OF ALL WE ACCOMPLISHED IN 2017.
We were busy yet again in 2017. Highlights from this year include: a firmwide rebranding to the Stout name, the expansion of our global footprint with new offices in Europe, a successful acquisition and integration, ongoing recruitment of key professionals, high-profile media and thought leadership exposure, and significant projects across all industries and practice areas.
Continuing Our Revenue Growth
As we continue to grow as a firm, we added another year to our strong track record of annual revenue growth. Through efforts from Stout employees in 2017, we achieved revenue of over $118 million, another step toward our goal of $500 million in revenue by 2030.
Revenue [in Millions] Over the Last 20 Years
*Revenue is projected for 2018.
Fiscal year ended 9/30.
Our firm has progressed in many ways since our founding in 1991. Through our colleagues’ incredible effort and discipline, we have built a solid reputation for high-quality work and outstanding client service. We introduced our new brand – Stout – in April to continue this positive progression of our firm.
With the new brand, we launched our new website – stoutadvisory.com – which offers an engaging, informative, and user-friendly experience. Features of the website include:
Details on all of our service offerings
Highlights of our extensive experience
Access to expert insights, including articles and industry reports
Our latest company news and events
Profiles of all of our senior professionals
Full search functionality
A complete mobile platform for smartphones and tablets
Expanding Our Global Footprint in Switzerland
In November, Stout opened its first Europe-based offices in Switzerland. Located in Geneva and Lausanne, these offices provide cross-border transaction coverage for Switzerland and the market regions of Western Europe, the Middle East, and Africa. With this global expansion, we also welcomed two investment banking veterans – who have over 30 years’ experience in international mergers and acquisitions across a variety of industries – as Managing Directors to lead the offices.
Stout Acquires FMV Opinions
In February, we acquired FMV Opinions, Inc., a California-based valuation advisory firm with offices in Irvine, New York, Dallas, and San Francisco. This acquisition further solidified our firm’s estate and gift tax practice as the market-leading valuation provider in the United States, focused on high and ultra-high net worth clients.
Through the acquisition, we began producing the Stout Restricted Stock Study (formerly the FMV Restricted Stock Study). The study is the most comprehensive database of fully vetted and rigorously screened Rule 144 transactions ever developed — with more than 780 private placements transactions of unregistered common stock issued by public companies occurring between 1980 and 2016. Our database is recognized throughout the industry and is licensed by valuation professionals around the world. According to a 2016 survey by Business Valuation Resources (BVR), 76% of valuation professionals use restricted stock studies to determine the discount for lack of marketability. Of those professionals, approximately three quarters use the Stout Restricted Stock Study.
Each year Stout’s experts produce a variety of articles, reports, and industry-focused analyses that showcase our firm’s latest insights on important topics and trends.
Here are a few highlights from 2017.