About

About Gibbs and Iron Horse Business Valuation Group

Iron Horse Business Valuation Group is an unincorporated subsidiary of Gibbs Professional Corporation. Iron Horse Business Valuation Group provides advanced business valuation services and consulting services with regard to federal income and transfer tax matters, business reorganizations, business acquisitions/mergers/sales. Iron Horse provides peer-to-peer support in tax and business contests with regard to taxation, compliance, and valuation.

The manager of Iron Horse is Bob Loalbo, CPA, CVA.

Education and Professional: Magna Cum Laude, Accounting, University of Guam (1981); Certified Public Accountant, Texas; Certified Valuation Analyst, National Association of Certified Valuation Analysts; Member, American Society of Certified Public Accountants.

Experience: Bob Loalbo was employed for seven years from 1982 to 1989 with Ernst & Whinney (now Ernst& Young) as an audit manager. He was involved in managing all technical and administrative aspects of audits and projects for companies in a variety of industries including cable television, radio and television stations, newspapers, direct marketing, photo finishing, savings and loan, retail, manufacturing and healthcare.

Several of these companies were large, publicly traded entities and Mr. Loalbo was involved in the SEC registration statements and filings. He also worked closely with certain investor groups preparing business plans and complex financial projections and coordinating the due diligence process in their efforts to acquire certain companies. Mr. Loalbo left Ernst & Whinney in 1989 and went to work as the CFO of a client that was in the startup phase. The company had one location and during Mr. Loalbo’s employment with the company they grew to twelve company-owned or franchised units located in six different states and Mexico with over 600 employees. During this period he was involved in all phases of the company’s development including accounting and finance functions, computer and POS systems, controls and systems at both the corporate level and the store level and heavy interaction with underwriters, attorneys and investors as the company’s need for financial backing increased with their growth. When that company relocated its corporate office to Boston, MA in 1995, Mr. Loalbo opted not to relocate and started his own consulting and accounting practice and is currently active with a number of companies as their CFO/CPA. Special skills with regard to forensic accounting, financial statement analysis, and accounting/professional due diligence.

Larry Gibbs is the owner/manager of Gibbs Professional Corporation and Vice-President (Technical) of the Iron Horse Business Valuation Group.

Qualifications: American College of Trust & Estate Counsel (1983); Board Certified, Tax Law, Texas Board of Legal Specialization (since 1981); Board Certified, Estate Planning & Probate Law, Texas Board of Legal Specialization (since 1977); Accredited Valuation Analyst, National Association of Certified Valuation Analysts, Licenced, United States Tax Court (since 1971). Co-author with David Cahoone of Strictly Business -Strategies For Privately Owned Businesses (Quantum Press, 1st ed. 2002 Trial Attorney for the taxpayer in the Estate of Kelley v. Commissioner, Tax Court Memo 2005-235. Texas Tech University (Business & Finance, 1963); University of Texas School of Law (JD, 1966).