Not the outcome BVWire expected: NACVA and IBA parting ways

Four years ago, a group of investors—led by the National Association of Certified Valuators and Analysts (NACVA) and ValuSource—acquired the Institute of Business Appraisers (IBA) because, “they recognized the importance of the IBA to the business valuation profession and the potential it held,” said a letter to NACVA members, made public last week. Having achieved their goal to bring the IBA “to a place of solid stability, poised for future growth,” the investors have offered the IBA’s board of governors the possibility of re-establishing the IBA as an independent, member-run and member-owned organization.

“We intend, over the next three months, to develop and execute a plan such that, effective February 1, 2012, the Institute of Business Appraisers will once again be an independent organization,” the NACVA letter continues. “All existing IBA designations will remain intact. The new organization will continue to work cooperatively with NACVA and its education affiliate, the Consultants’ Training Institute (CTI). Our planned joint conference June 20–23, 2012, in Dallas, will take place as scheduled.”