About Nickolas N. Sypniewski, ASA

Nick, an Accredited Senior Appraiser (ASA) of the American Society of Appraisers is Managing Director in ComStock Advisors’ Cincinnati office. He has 25 years of experience in valuation, finance, and banking.

Nick has completed valuations for ESOPs, estate taxes, estate planning, gifting, mergers, acquisitions, sales, lending, litigation support, and marital dissolution. In addition to appraising businesses, he has appraised intellectual property including patents and trademarks. His consulting experience on behalf of ESOPs includes feasibility studies, implementation of ESOPs, purchases of large blocks of stock, annual updates, sales of ESOP companies, and acquisitions of companies by ESOP companies.

Prior to joining ComStock Advisors in 2000, he specialized in providing financing for leveraged acquisitions through a combination of asset-based lending, cash flow lending, and lending based on the value of companies, divisions, and product lines.

Nick earned a Bachelor of Business Administration in Finance and Real Estate from the University of Cincinnati and an MBA from Xavier University.

He serves on the Valuation Advisory Committee of The ESOP Association and on the Executive Committee of its Ohio/Kentucky Chapter. He has been a presenter on ESOP valuation topics for The ESOP Association, National Center for Employee Ownership (NCEO), Ohio Employee Ownership Center (OEOC), Southwest Ohio Tax Institute, and Lorman Education Services. He has provided valuation training for the Association of Corporate Growth’s ACG Cup competition and has presented a full-day seminar on business valuation for ASA.


  • Xavier University, MBA
  • University of Cincinnati, BBA in Finance

Professional Designations

  • Accredited Senior Appraiser (ASA), The American Society of Appraisers

Professional Associations

  • American Society of Appraisers (ASA)
  • Association of Corporate Growth (ACG)
  • National Center for Employee Ownership (NCEO)
  • National Trust Closely Held Business Association (NTCHA)
  • Ohio Employee Ownership Center (OEOC)
  • The ESOP Association

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