M&A advisory and debt/equity financings across energy, industrial, technology and services sectors. Closed transactions at multiples ranging from 3.85× to 6.15× cash flow, including private equity and management buyouts.
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24+ opinions for public and private companies listed on NYSE, NASDAQ and AMEX — covering mergers, recapitalizations, restructurings, REIT formations and debt-to-equity conversions across energy, real estate and healthcare.
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50+ valuations spanning fair market, investment and fair value across energy, healthcare, real estate, manufacturing and technology — including purchase price allocations, FAS 141/142/144 compliance and SEC reporting.
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Qualified expert in federal, state and arbitration courts across 80+ matters — energy, securities, healthcare, construction and real estate. Also advised 13+ companies through financial restructurings and reorganizations.
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Founder, Herrera Partners
Est. 1992
Founded Herrera Partners in 1992, providing transaction advisory services, fairness opinions, valuations and calculation analysis, damages and expert testimony and financial restructurings specializing in value-added distributors and contractors serving the energy, marine, construction, food products and healthcare markets. Formerly served as director with LaPorte CPAs and Business Advisors a 200-person Gulf Coast firm, Coopers & Lybrand's Southwest region corporate finance group and was the senior investment banker for Underwood, Neuhaus & Co., a Houston-based regional investment banking firm.
Have extensive, hands-on experience advising owners, boards of directors and senior management teams in managing the transition of ownership process to maximize shareholder value, manage confidentiality and minimize operational disruptions arising from the sale process. Also, have experience evaluating transactions for fairness as well as valuing private and public businesses and securities in connection with mergers, acquisitions, dispositions, restructurings, dissolutions, private equity transactions and for tax, gifting and estate matters.
Professional background includes having been qualified as an expert to testify in federal, tax and state court matters and serving as an expert witness with respect to breach of contract, failure to perform, valuation and damage matters, breach of duty, reasonable certainty, commercial reasonableness, industry custom and practice. Possess the skill, experience, training, education and other specialized knowledge to assist in understanding how conduct and causation are correlated to damages. Valuation experience extends across a broad spectrum of companies, industries and special situations including determining fair market value, investment value and fair value including appropriate noncontrol and nonmarketable discounts. Have also valued various grants of options, warrants, stock appreciation rights, phantom stock and other forms of contractual equity as well as testing for relevance and reasonableness of work product as audit evidence.
A 1978 University of Texas at Austin graduate, serve as Chair of the Dean's Advisory Council for the Marilyn Davies College of Business for the University of Houston – Downtown and member of the Dean's Advisory Council for the McCombs School of Business. By appointment of the Texas Supreme Court, served as a member of the Commission for Lawyer Discipline (1993–1999), served as Chairman of the Texas General Services Commission and its transition to the Texas Building and Procurement Commission (appointed by Governor Rick Perry in 2001), member of Houston Downtown Management District board of directors (2013–2025), Chairman of the Rebuild Houston Advisory committee (2009–2015), Chairman of the Houston Hispanic Chamber of Commerce (2008), CHRISTUS Gulf Coast (2006–2008), Greater Houston HealthConnect (2010–2013), the University of Texas Ex-Students' Association Investment committee (2006–2011) and a past President of the Houston Chapter of the Turnaround Management Association (2004).
In 1995, received the Outstanding Young Texas-Ex award from the Ex-Students' Association and previously served on the University of Texas at Austin's Commission of 125, Planning for the Future. In 2008, received the Chairman's Award for Distinguished Service to the Houston Hispanic Chamber of Commerce. Authored numerous articles and publications on the financial industry and spoken at numerous conferences and forums on various topics including debt restructuring, operational turnarounds, bankruptcy and financing alternatives.
