Managing Director, Denver Office

Professional Experience

Ethan Cislaghi is a Managing Director in the Denver office of Bay Valuation Advisors, LLC. He possesses 12+ years of experience providing a wide range of financial valuation services to leading healthcare, life science, technology, and consumer products companies. Ethan specializes in the analysis of equities, intangible assets, and complex securities with regard to mergers/acquisitions, impairment studies, stock compensation, and tax planning activities. He is experienced with financial reporting valuation issues related to Accounting Standards Codification (“ASC”) Nos. 805, 820, 350, 360 and 718, as well as tax planning and compliance issues related to IRC 409a and a wide variety of other tax, bankruptcy and litigation related valuation issues. In addition, he has particular experience with fair market value engagements for regulatory compliance with the Stark law and Anti-Kickback statute.

Prior to joining BVA, he was part of Deloitte Transactions and Business Analytics, LLP’s business valuation practice, where he worked for over 12 years. In this capacity, he also executed model advisory work, working with clients to develop deal models to assist in the assessment of contemplated strategic alternatives, as well as reviewing hundreds of valuations prepared for or by audit clients. Prior to Deloitte, he worked in the forensic and litigation services group at PricewaterhouseCoopers LLP.


BBA, Accounting, Texas A&M University
MS, Finance, Texas A&M University

Professional Accreditations

Chartered Financial Analyst, CFA Institute
Certified Public Accountant, TX license #087083


Ethan is married and lives with his wife and three children in the Denver metro area.