• “One of my smartest business decisions was hiring the Woodward Group to sell my business. Woodward literally took the business around the world, including China, and successfully negotiated multiple letters of intent, including from the largest worldwide textile manufacturer and a US Fortune 50 business. Woodward’s high integrity and indefatigable work ethic resulted in complete confidentiality, maximized price and a successful closing. ”

    Earl Waxman
    Harbor Linen
  • "I’ve worked with the Woodward Group for 20 years on fairness opinions, mergers and acquisitions and business valuations – these are highly effective, efficient and experienced corporate finance professionals. Woodward’s professionals really know how to market, negotiate and actually close deals. Their collaborative work style always amplifies deal results for the client – I really enjoy working with them."
    Kathleen O’Brien
    Montgomery McCracken Walker & Roads, LLP
  • “Fusion (NasdaqCM: FSNN) has retained the Woodward Group for many years to provide intangible asset valuations for allocating acquisition purchase prices. Woodward’s professionals are expert, economical, responsive and on time – and they never waste our time!”

    Lisa Taranto
    Vice President Finance and Accounting
    Fusion Telecommunications International, Inc.
  • “Woodward’s professionals are excellent expert business valuation witnesses – their extensive valuation knowledge are backed up by real-world merger and acquisition deal expertise. Woodward’s professionals efficiently work through high volume, complex facts and issues; they clearly and effectively ‘tell the story’ based on underlying technical work, critical assumptions and conclusions as to value.”

    Jim Freebery
    McCarter & English
  • “Charon Planning historically retained the Woodward Group to value, price and structure stock repurchases and most recently to advise on and negotiate the sale of our business to a >$1 billion acquirer. Woodward’s analytical depth, structuring insights and expert negotiating helped us maximize price; these are high integrity, effective professionals and – most importantly – good people!”

    Chris Gavigan
    Charon Planning/NFP
  • “The Woodward Group has been Morningstar’s trusted advisor for the past decade – advising on business valuations, equity pricing and successfully completing stock purchases to provide shareholder liquidity and help our business grow. Woodward’s professionals are thoughtful business advisors with broad business knowledge.”
    Lee Gordon
    Morningstar Corporation

Woodward’s clients range from large publicly traded companies to privately held middle-market businesses. Clients rely on our independent advice, expert negotiating skills and fairness: we advise against completing deals not in our clients' best interests – even if Woodward isn’t paid a fee.

Tara Stephenson, Principal

MBA, Finance, Northwestern University | BSFS, Georgetown University.
Member: Beta Gamma Sigma; Intangible Asset Finance Society; American Finance Society; American Society of Appraisers (designated an Accredited Senior Appraiser).

Bill Latham, Senior Advisor, Economics and Valuations

Ph.D., Economics, University of Illinois | M.A., Economics, University of Florida | B.A., University of Florida.
Member: Beta Gamma Sigma, Phi Kappa Phi, Omicron Delta Epsilon, Golden Key.

Helen Bowers, Senior Advisor, Financial Theory and Valuations

Ph.D., Finance, University of South Carolina | B.S., Finance, LaSalle University.
Member: Beta Gamma Sigma, Eastern Finance Association, Financial Management Association, Southern Finance Association, American Finance Association, American Risk and Insurance Association, Global Association of Risk Professionals and Western Finance Association.

Karen Wolters, Director

B.A., Economics, University of Delaware.
Member: Phi Beta Kappa.

Rebecca Frick, Senior Associate

B.S., Lehigh University
Member: Alpha Pi Mu.

Business valuations
• Intangible asset valuations  

• Securities valuations
 Clear, Effective, Dependable

Woodward independently values companies, intangible assets, options, warrants, derivatives, exchange ratios, conversion ratios and other securities, including preferred stock. Woodward’s valuation work includes strategic analysis for mergers and acquisitions, fairness opinions, ASC 820 intangible asset valuations and ASC 350 and IRC 409A valuations.

Woodward brings highly credentialed professionals with more than $20 billion of deal negotiating and closing expertise to our clients’ valuations – we are expert business, intangible and securities valuation professionals. Woodward’s business valuations begin and end with clear communication — the Woodward Group way.

Mergers and Acquisitions  
  Start with Strategic Thinking

Successfully completing a purchase or sale of a business starts with disciplined strategic and tactical advice about value, types of national and international buyers, informed market knowledge, goals for employees, growth and management succession.

Woodward's independent merger and acquisition experience spans reverse mergers, asset purchases and sales, tax-free reorganizations, stock purchases, price negotiations, seller financing, negotiating and structuring around contingent liabilities, earn outs, escrows and repricing mechanisms.

Successful deals are a function of strategy, collaboration, disciplined critical path processes and expert negotiating — the Woodward Group way.

Expert Witness reports and testimony   
  Reliable, Accurate, Defensible

Woodward’s independent experienced professionals testify on business and security valuation cases in the Court of Common Pleas, District and Federal courts and the Delaware Chancery Court.

Woodward manages large amounts of information, complex facts and data to create understandable and supportable written reports and coherent testimony. Woodward’s expertise is based on more than $20 billion of real-world corporate finance deal experience.


After the deal is closed, Woodward’s clients have gone on to fund universities, the performing arts, children's advocacy programs and international programs focused on human rights.

Woodward has donated directly and through its shareholder to:

Broad Street Ministries www.broadstreetministry.org
Career Wardrobe www.careerwardrobe.org
Chester Charter School for the Arts www.chestercharterschoolforthearts.org
Council of Protestant Churches of Nicaragua (CEPAD) www.cepadnica.org
Rubye’s Kids www.rubyeskids.org
Swarthmore Presbyterian Church www.swarthmorepres.org

"We make a living by what we get, but we make a life by what we give."
                     --Sir Winston Churchill

The Woodward Group, Ltd.
6 & 8 South Plum Street
Media, PA 19063

Phone: 610.627.1636