Serving Clients Nationwide
About | Valuation Economist
Valuation Economics — PPA, Transfer Pricing & Economic Analysis
Alpha Consulting Group provides independent valuation and economic analysis for acquisitions, cross-border transactions, operating companies, and capital-intensive assets throughout the United States.
Our work combines financial valuation, asset analysis, and practical economic judgment. We focus on conclusions that are understandable, supportable, and appropriate for tax, financial reporting, transaction, and management purposes.
Purchase Price Allocation
We perform purchase price allocations for acquisitions involving privately held businesses and complex asset groups.
Our analysis may include:
- real estate
- machinery and equipment
- identifiable intangible assets
- assembled workforce
- customer-related assets
- trade names and technology
- goodwill and going-concern value
We consider how the acquired assets work together to generate earnings—not simply how they are classified for accounting purposes.
Transfer Pricing
We provide transfer-pricing studies for U.S. and international businesses with related-party transactions.
Assignments may involve:
- product sales and distribution
- management and support services
- contract manufacturing
- intercompany financing
- intellectual property and royalties
- foreign-owned U.S. operating companies
Our approach begins with the economics of the business: the functions performed, assets employed, risks assumed, and level of income that a comparable independent company would reasonably expect to earn.
Depending on the facts, the analysis may use operating-margin methods, the Berry ratio, comparable company returns, royalty benchmarks, or other recognized approaches. We can also provide annual testing and updates when continuing documentation is required.
Economic Analysis and Commercial Reasonableness
Some decisions require more than a conventional valuation. Alpha evaluates whether an investment, agreement, or business arrangement makes economic sense under realistic assumptions.
Our work may address:
- economic feasibility
- commercial reasonableness
- capital recovery
- financial capacity
- return thresholds
- functional and economic obsolescence
- probability-weighted outcomes
- long-term operating viability
This analysis helps clients test whether projected returns are sufficient for the capital, functions, and risks involved.
Infrastructure and Specialized Assets
Alpha has particular experience with capital-intensive and infrastructure-related businesses, including:
- data centers and digital infrastructure
- power generation and energy assets
- nuclear and advanced-energy projects
- industrial and manufacturing facilities
- real estate-intensive operating businesses
- infrastructure cost segregation
For these assignments, valuation must reflect operational constraints such as power availability, interconnection capacity, development timing, utilization, capital requirements, regulation, and long-term obsolescence.
Real estate and fixed assets are evaluated within the economics of the operating enterprise when appropriate.
Independent, Multidisciplinary Perspective
Alpha’s work is led by David Hahn, a valuation economist with experience spanning enterprise valuation, real estate, machinery and equipment, intangible assets, financial analysis, and infrastructure economics.
This multidisciplinary background is particularly useful when an assignment crosses traditional professional boundaries—for example, when a purchase price allocation involves real estate, operating assets, intangible value, and enterprise-level economics.
Professional Credentials
Professional designations and qualifications include:
- Accredited Senior Appraiser (ASA)
- Certified Valuation Analyst (CVA)
- Certified Commercial Investment Member (CCIM)
- Certified Merger & Acquisition Advisor (CM&AA)
- Master Analyst in Financial Forensics (MAFF)
- Certified General Real Estate Appraiser
- Master of Business Administration (MBA)
These credentials support independent analysis for management, tax, financial reporting, transaction, audit, and dispute-related purposes.
Technical and Academic Foundation
David Hahn’s education includes a Bachelor of Science from San Jose State University with studies in industrial technology and computer science, together with graduate and executive education in business, finance, capital economics, and public-sector decision analysis.
His early technical and systems background contributes to a practical understanding of how facilities, equipment, technology, and operating systems function together. This perspective is especially relevant to infrastructure, data centers, energy, manufacturing, and cost-segregation assignments.
Serving Clients Nationwide
Alpha Consulting Group serves privately held companies, investors, attorneys, accountants, financial executives, and international businesses throughout the United States.
Clients engage Alpha when they need independent judgment, disciplined analysis, and a clear explanation of the economic substance behind the numbers.
Alpha Consulting Group
Valuation Economics — PPA, Transfer Pricing & Economic Analysis