How WIP Reporting Impacts Construction Business Valuation in M&A
During mergers and acquisitions in the construction industry, numerous factors can influence valuation outcomes. Among these, Work-in-Progress (WIP)...
St. Paul, Minnesota (October 18, 2021) — Redpath and Company recently hired Tom Niederkorn, CPA, as Audit Director. He brings over 25 years of public accounting expertise working with clients in a variety of industries.
Tom leads the audit practice area on the construction, real estate, and engineering (CRE) industry team, helping clients improve their financial health by assisting with their accounting and financial reporting challenges. In addition to his experience in the CRE industry, Tom has worked with clients in a variety of other industries including automotive dealerships, golf courses, and senior housing cooperatives.
Tom holds a B.S. in Finance from St. Cloud State University and has been a CPA since 1992.
He lives in Apple Valley, Minnesota with his wife Kathy. They have been married for 33 years and have three children.
Tom is the treasurer of the Apple Valley Rotary Scholarship Foundation. He enjoys golfing, hiking, reading, and chasing around the family’s one-year-old dachshund puppy.
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Redpath helps clients make more informed decisions that contribute to their financial well-being by providing proactive, innovative, and value-driven CPA services for closely-held businesses, government entities, and nonprofit organizations.
Service expertise includes audit and attest; personal, business, and international tax; accounting services; entity structuring; transaction advisory services; valuations; succession and estate planning; state and local tax; and sales and use tax.
The firm was founded in 1971 and is 100% employee-owned (ESOP). With offices located in St. Paul and White Bear Lake, Minnesota, the firm ranks as one of the top CPA firms in the Twin Cities with over 180 employees.
Redpath is a member of HLB International, a global network of independent advisory and accounting firms. For more information, visit www.redpathcpas.com.
During mergers and acquisitions in the construction industry, numerous factors can influence valuation outcomes. Among these, Work-in-Progress (WIP)...
This article was originally written in October 2020. It has been updated with new references and information.
Editor's note: this blog was updated in 2025 with additional resources for business owners.