Davis/Chambers & Company, Ltd.   
Professionals
E. Ted Davis, Principal
A graduate of Harvard (MBA) and University of Texas, (BS-Chemical Engineering), Mr. Davis founded the firm in 1979.  He has extensive experience in the valuation of privately held businesses.  Mr. Davis has founded several successful business ventures and is a licensed Texas Real Estate Broker, having completed transactions in excess of $135 million.

Dunbar N. Chambers III, CFA, ASA, Principal
A graduate of the University of Utah (BS-Finance and Management), Mr. Chambers joined the firm in 1995.  He is a CFA charterholder, an Accredited Senior Appraiser of the American Society of Appraisers, and a member of the ESOP Association. Mr. Chambers has performed several hundred appraisals since joining the firm and is a licensed Texas Real Estate Broker, a member of the CFA Institute and a member of the Houston Society of Financial Analysts.

Clayton Chambers, Managing Director Investment Banking
A graduate of the University of Virginia (BA-Economics) and Rice University (MBA), Mr. Chambers has over 15 years of experience in the M&A field. During his career, Mr. Chambers has participated in over 50 middle market transactions with an aggregate value in excess of $500 million.

Edwin T. Davis III (Thad), Principal
A graduate of the University of Texas (BA - Plan II) and the University of Houston Law Center., Mr. Davis is a licensed attorney in the State of Texas.  He is a member of the Texas and Houston Bar Associations.

Paula F. Lindsey, ASA, Associate
Ms. Lindsey received both an MBA and a BA-Finance from Oklahoma State University.  Since 1986, Ms. Lindsey has provided financial consulting services in the areas of mergers and acquisitions, operational reviews and strategic planning to companies in a variety of industries.  She joined D/C in 1999. Mrs. Lindsey is an Accredited Senior Appraiser of the American Society of Appraisers.

Lewis E. Ball II, ASA, CPA, CMA, Associate
A graduate of the University of Texas (BBA-Finance), Mr. Ball holds the ASA certification of the American Society of Appraisers. He has been performing valuations with D/C since 1999. In his early career, Mr. Ball worked with Ernst & Young, CPAs and served as Chief Financial Officer of Stewart & Stevenson and Richmond Tank Car Company, both Houston-based publicly-held companies.

G. Clyde Buck, Affiliate
Mr. G. Clyde Buck affiliated with Davis/Chambers in January, 2008.  Mr. Buck will be actively involved in the marketing of Davis/Chambers services, and will assist Davis/Chambers partners in expanding its large corporate valuation projects, registered and unregistered securities valuations, investment banking services, and litigation support.  

Stuart L. Hoff, Associate
Mr. Hoff holds a B.A. in Environmental Sciences from the University of Virginia. He has also attended McGeorge School of Law in Sacramento, California, and the graduate school of business at the University of Nevada, Las Vegas. Mr. Hoff joined Davis/Chambers in 2007.

R. Joseph Corkin, Associate
A graduate of the University of Iowa (BS-Finance and Management) and a student at the University of Houston working towords a M.S. in Finance and Certificate in Financial Services Management. Mr. Chambers joined the firm in 2008.  Mr. Corkin is also studing for the Level I CFA exam in December 2008. Mr. Corkin has been a student analyst and portfolio manager for the Cougar Investment Fund, LLC.

Dan Friedman, ASA, ABV, CPA,
A graduate of the University of Houston with a Bachelor of Business Administration degree in Accounting. Mr. Friedman also holds an MBA degree from the University of Houston. He is also a Certified Public Accountant (CPA), Accreditation in Business Valuation (ABV) from the American Institute of CPAs (AICPA), and is an Accredited Senior Appraiser (ASA) with the American Society of Appraisers.