Mr. Payne has over thirty years of valuation, transaction, dispute resolution, and troubled company experience in both private industry and the public sector. Mr. Payne is a Director of Appraisal and Brokerage Services for Business Valuators & Appraisers, LLC. He is a Certified Public Accountant (CPA), as well as an Accredited Senior Member (ASA) of the American Society of Appraisers, specializing in business valuation. He is also Accredited in Business Valuation (ABV) by the American Institute of Certified Public Accounts and Certified in Distressed Business Valuation (CDBV) by the Association of Insolvency and Restructuring Advisors. Mr. Payne holds the designation of Certified Turnaround Professional (CTP) and Certified Insolvency and Restructuring Advisor (CIRA). He is a graduate of Oklahoma Christian University (B.S. in Accounting 1980) and has served as both consultant and expert witness in state and federal courts in Oklahoma, Texas, Arkansas, Maryland, Delaware, Kansas, New Hampshire, and Florida.
Before organizing BVA, Mr. Payne was a partner in the Consulting Group of the international accounting firm of KPMG Peat Marwick. Mr. Payne also serves as Director and Principal of Business Valuators & Appraisers as well as Turnaround Professionals, sister organizations specializing in appraisal and business management services, respectively. He has served as interim chief executive officer or financial officer during turnarounds and restructurings, court appointed trustee and receiver, as well as expert witness in matters of appraisal and damage assessments.
Mr. Payne earned his B.S. in Accounting from Oklahoma Christian University in 1980. He has advanced his professional education through a number of specialized seminars, courses and certifications, including the following: Accredited Senior Appraiser (ASA) in Business Valuations; Certified Turnaround Professional (CTP) and Certified Insolvency and Restructuring Advisor (CIRA). He was among the first 100 professionals to be certified as a CTP and one of the 80 charter members certified as CIRA. His extensive organizational affiliations include the American Institute of Certified Public Accountants (AICPA); the American Society of Appraisers (ASA - former local chapter president); the Turnaround Management Association (TMA); the Association of Insolvency Restructuring Advisor Examiners (AIRA - current national board member); and the Association of Certified Fraud Examiners (CFE).
Justin Perdue is a Graduate of Oklahoma Christian Schools (1998-2001) and has completed two years towards his Bachelor’s Degree at the University of Central Oklahoma. As a Master Welder, from the Tulsa School of Welding, he has practical and extensive experience in oil and gas well drilling, production, and midstream equipment. He is currently a Candidate Member of the American Society of Appraisers. At AAC, he is responsible for daily operations, physical inspection of assets for appraisals, research, and value calculations. His experience and expertise is in machinery, equipment, furniture, trade fixtures, and vehicles.
Justin's area of expertise includes the appraisal of furniture, trade fixtures, machinery, and equipment. Specializing in machinery, equipment, and manufacturing facilities
Justin L. Perdue
Larry L. Perdue, ASA, M.V.S.
David R. Payne
CPA/ABV, ASA, CTP, CIRA/CDBV
Mr. Perdue served as President of AAC since 1988, and from 2006 to present has served as Executive Director. Since 2000 to present, Mr. Perdue has also served as a Director of Appraisal and Brokerage Services for Business Valuators & Appraisers, LLC. Mr. Perdue has a Masters Degree in Valuation Sciences (M.V.S.) from Lindenwood College in St. Charles, Missouri (1992) and a Bachelor of Science Degree from Central State University in Edmond, Oklahoma (1979). He is an Accredited Senior Member with the American Society of Appraisers (ASA), certified since January 1988 and recertified through 2022, and is a Past Member at Large and Parliamentarian of ASA's International Machinery & Technical Specialties Committee.
Through Mr. Perdue’s leadership, AAC provides an extensive range of appraisals and consultations based on our comprehensive market and industry knowledge, cutting-edge technology, and superior customer service. We have built strong relations with clients including multi international corporations, commercial lending banks, businesses, and insurance underwriters, based on the objective compilation of asset appraisals. AAC has completed thousands of appraisals over the years representing over $1.0 trillion in value in a multitude of industries and, thanks to our accreditation and certification, we continue to excel in this field. Under the stewardship of Mr. Perdue, AAC continues to help businesses, corporations, non-profits organizations, and others accomplish their financial objectives.
Mr. Perdue's areas of expertise include the appraisal of assets for any purpose; asset tagging and database management of assets; banking and computer equipment; construction and contractor's equipment; electric generating equipment - steam/gas turbines, natural gas, etc.; farm machinery and feed mills - grain elevators; fiberglass mfg. - tanks, fittings, boats, swimming pools, etc.; firearms; food processing and packaging equipment; heat treating facilities - metal and glass; hotels, motels, amusement parks, and recreational facilities; inventories - raw materials, work in process, parts and components, finished goods; laboratory instruments and testing equipment; manufacturing plants - all industries; medical equipment - conventional and high-tech; medicine/pharmaceuticals; metal production; metalworking, plastics, and woodworking equipment; office furniture, trade fixtures, machines, and equipment; oil and gas industry exploration - seismic mapping, drilling, completion, production and refining; printing plants, pre-press, sheet fed, web, binary, etc.; radio/broadcast/telecommunications/fiber optics transmission equipment; restaurant and food service equipment; service equipment-automotive, truck, etc.; vehicles/transportation/aircraft/marine - all classes; and, video/arcade game equipment and vending machines; and including many other categories and/or types of assets; court - appointed receiver and liquidator; expert witness - local, state, and U.S. district courts - Oklahoma, New Mexico, Texas, Kansas, Maryland, and Arkansas; asset liquidator - U.S. Bankruptcy Court, Western District of Oklahoma; equipment sales and liquidation consultant.
Mr. Perdue's accolades further include instructor and speaker for FDIC's "Understanding and Interpreting Appraisals," and State of Oklahoma/County Assessors Conference's "Appraisal of Oil Field and Related Machinery and Equipment"; Instructor - American Society of Appraisers, Machinery and Technical Specialties Valuation Courses MTS 201, 202, 203, and 204; Former instructor and committee member "Curriculum Development": International Valuation Sciences Institute, Lindenwood College, St. Charles, Missouri; Published Author: The M&E Appraiser "Crash of '87 - Capital Spending for Machines & Equipment," October 1988, The M&E Appraiser "Fixtures: Realty or Personalty?,” Spring 1989, The M&E Appraiser - "FDIC Rental Value: A Non-Traditional Approach," Winter 1989, The M&E Appraiser "The Impact of Ownership and Transfer of Rights on the Valuation of Software Programs," co-author, Winter 1991; Developer of Market Value Rental Methodology for the Federal Deposit Insurance Corporation; Former Instructor - International Valuation Sciences Institute, Lindenwood College, St. Charles, Missouri; Past Member - Curriculum Development Committee, International Valuation Sciences Institute, Lindenwood College, St. Charles, Missouri; Member - Educational Committee, International Valuation Sciences Institute, Lindenwood College, St. Charles, Missouri (a subcommittee of the American Society of Appraisers' International Education Committee); Co-author - The American Society of Appraisers, Course IDEV200, Principles of Valuation.