Tim Gay & Associates P.C.
(602) 762-3210

Timothy J. Gay, CPA, CVA

 

TIM GAY & ASSOCIATES, P.C.

 

Tim Gay’s reputation for technical skill, credibility and character are benchmarks that have set the standard against which Arizona financial experts and receivers have long been measured. He leads a team of seasoned financial professionals on whom attorneys and the courts rely in complex legal and financial engagements.

 

Tim Gay has over thirty-five years of public accounting and management consulting experience for public and closely held companies, with an emphasis on:

 

• business operations,
  
  
• bankruptcy reorganizations (appointed as a Chapter 11 and Chapter 7 Trustee by the U.S. Bankruptcy Court),
  
  
• restructuring and oversight of financially distressed companies (appointed as an Examiner by the U.S. Department of Justice),
  
  
• merger and acquisitions,
  
  
• business valuation, and
  
  
• litigation support and expert testimony (qualified as an expert witness in Maricopa County Superior Court, U.S. Bankruptcy Court, U.S. District Court, U.S. Tax Court).

 

He has extensive experience in providing guidance and services for financial institutions; is active in the promotion of mergers, acquisitions and financing alternatives for Valley businesses; has been instrumental in the formation of banks, their merger and sale and serving on their board and loan committees; and has current experience in performing concurring partner reviews on SEC engagements.

 

Tim has a long-standing tradition of activities that enhance business ownership and opportunity,founding and leading the M&A Round-table and reviving the Arizona chapter of the Association for Corporate Growth.

 

Professional Credentials

 

Certified Public Accountant (Arizona), 1971

 

Certified Valuation Analyst, National Association of Certified Valuation Analysts

 

Professional Achievements

 

• In a receivership engagement, assumed operations of an import and distribution company with a large number of out-of-state shareholders, facilitating shareholder meetings that resulted in the adoption of new corporate resolutions, board of directors and management.
  
  
• On behalf of an international company, performed an analysis and provided a report that helped to substantially reduce an award of millions of dollars.
  
  
• Performed the valuation of certain operations of a major airline in connection with the board of directors’ decision regarding sale.
  
  
• Provided expert testimony central to a 2010 award of $44.8 million to Capitol Bancorp.
  
  
• Provided expert testimony in the awarding of $11 million to in a successful counter-suit against McKesson Corporation.
  
  
• In a bankruptcy trial, provided expert testimony that the Court found persuasive in exonerating the debtor of alleged misconduct.
  
  
• Provided expert testimony on behalf of an insurance company in an $8 million bad faith claim trial that ended with a full defense verdict.
  
  
• For the Arizona Attorney General, prepared a report and provided expert testimony that led to a substantial settlement in favor of federal and state agencies.
  
  
• In a complex construction litigation matters, provided a special report that was accepted
  
  
• by the parties and resulted in the exoneration of the defendant.

 

Professional Memberships

 

American Institute of Certified Public Accountants (AICPA)

 

Arizona Society of Certified Public Accountants (ASCPA)

 

National Litigation Support Services Association: Past President and Former Board Member

 

Turnaround Management Association: Former Board Member

 

Merger &Acquisition Round-table: Founder and Director

 

Association for Corporate Growth

 

Education

 

B.S., Accounting, Arizona State University, 1968

Numerous Continuing Professional Education courses

 

Educational Leadership

 

Mr. Gay has long provided continuing education and other professional instruction for CPAs, attorneys, bankers, graduate students, corporations and business organizations on a variety of topics including: mergers and acquisitions, bankruptcy, employee stock ownership plans (ESOPs), business valuation, business planning, accounting and tax changes, research, fairness

opinions, and damage calculations.

 

Community Leadership

 

Diocese of Phoenix School Board: Finance, Audit and Catholic Identity Committees

 

Japanese Friendship Gardens of Phoenix: Board Member; Chairman, Finance Committee

 

Christians in Commerce: Past President and Former Board Member

 

Arizona Employers Council: Past Chairman and Former Board Member

 

Catholic Cemeteries: Past Chairman, Investment and Finance Committees

 

St. Anthony’s School (Show Low, Arizona): Past Co-Chairman and Former Board Member