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Ray Nicholson

Managing Director

Phone: 770-858-4461
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Mr. Nicholson is the managing director for CBIZ Valuation Group’s Southeast Region. In this capacity, he oversees valuation projects involving a variety of businesses and industries. He is also a consulting and testifying expert in business valuation, working with attorneys and others on litigation, alternative dispute resolution, bankruptcy and other matters.

Mr. Nicholson has over 30 years of diversified business valuation experience. He has provided business valuation services in mergers, acquisitions, divestitures, gift and estate tax planning, corporate reorganizations, transfer pricing studies, bankruptcy, and litigation support. He has testified as an expert witness in Federal Bankruptcy Court as well as various state courts. His litigation support experience includes bankruptcy, division of marital property, dissenting shareholder suits, condemnation, patent infringement and other business damage claims.

Prior to joining CBIZ Valuation Group, Mr. Nicholson was a director of valuation services at KPMG Consulting, Inc., a managing director of valuation services at KPMG LLP and was formerly director of valuation services in the Atlanta office of Arthur Andersen LLP.

His valuation experience includes banking, chemicals/plastics, construction, healthcare, insurance, food and beverage, manufacturing, pharmaceuticals, real estate, retail, software, ecommerce, trucking and wholesale/distribution industries. Mr. Nicholson is an Accredited Senior Member of the American Society of Appraisers (ASA) and a member of the Association of Insolvency and Restructuring Advisors from which he received Certification in Distressed Business Valuation (CDBV).


B.B.A, Business Administration, Georgia State University

Professional Designations

  • Accredited Senior Appraiser, American Society of Appraisers (ASA)
  • Member of the Association of Insolvency and Restructuring Advisors
  • Certification in Distressed Business Valuation (CDBV)
  • Member of the Turnaround Management Association (TMA)

Business Experience

  • Georgia Gulf Corporation
  • Northside Hospital
  • Health Management Associates
  • Taro Pharmaceuticals
  • Mohawk Industries
  • EMS Technologies

Associated Offices

Atlanta - CBIZ Valuation Group - Atlanta 3625 Cumberland Blvd SE
Suite 1100
AtlantaGA  30339
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