Bio

Mr. Gelfand has been in the investment banking business for more than 20 years. He has been affiliated with Bruml Capital Corporation since 1989 and a principal since 1991. He has managed or co-managed numerous buy-side, sell-side and corporate finance engagements and arranged capital for a wide variety of companies, including basic manufacturing, metals, wholesale distribution, food processing and marketing, and service businesses. Mr. Gelfand is also is the manager of BCC's valuation services group. Since joining BCC, Mr. Gelfand has written numerous valuation opinions. Such valuation opinions have been used in connection with corporate finance (acquisitions, divestitures, capital financing, executive incentive plans, stock redemptions), fairness opinions, domestic relations, tax-oriented issues, employee stock ownership plans, estate plans (including gifts and GRATs) and estates. Various corporate and regulatory agencies have reviewed and accepted the conclusions of his reports. He also has provided expert witness testimony. Mr. Gelfand earned a B.A. in mathematics from Colgate University and an M.B.A. in finance from The Columbia University Graduate School of Business.