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Mercer Grows Staff After Relocation

Mercer Grows Staff After Relocation

ANDY MEEK | The Daily News

The bread and butter of Mercer Capital, a nearly 30-year-old firm headquartered in Clark Tower, is business valuation.

And lately, the company has been making the same kinds of moves – growth and investment in the future – that tend to stand out when analyzing a client’s operation.

Mercer recently moved its Memphis office to the prominent high-rise at 5100 Poplar Ave. The company last week also added an analyst to the staff, with more scheduled to begin work soon.

Mercer’s move to Clark Tower from its previous office in the Ridgeway Center at Poplar and Interstate 240 was a few years in the making.

Mercer had been close to moving about five years ago, but a deal never came together.

But a move was inevitable. It was partly driven by the nature of Mercer’s work, which had changed from being paper-intensive to almost completely paper-free.

The move was also about wanting a simple change of scenery.

Mercer signed the lease for its Clark Tower space in the fall.

Archimania designed the space, which was built by Grinder, Taber & Grinder Inc.

“We’d been in our previous building for 20 years,” said Mercer Capital president Matt Crow. “It was time for a change. I think everybody wanted a change, and there was a lot of opportunity out there to do something different.

“Clark Tower’s got everything you want in a building in terms of amenities. And the views from up there … it’s not like anywhere else in town.”

Crow moved into his current position at the company only a few months before Mercer inked the Clark Tower lease.

He was chosen to replace Ken Patton as president last year.

In a statement about the move, Mercer senior vice president Tim Lee said the company wanted a space its employees would be proud of and where they could operate at their highest potential.

 Coinciding with getting moved into the new 11,000-square-foot space on the 26th floor of Clark Tower was the hire of a new analyst. Crow said “a couple of others” are scheduled to start work in a few months.

Those additions will bolster an existing staff of about 40, the focus of which includes business valuation and investment banking .

Mercer’s list of valuation clients includes representatives of almost every major industry, including agriculture, construction, energy, entertainment, banks and more.

Mercer also offers clients everything from litigation support to financial reporting and advice on mergers and acquisitions.

Most of Mercer’s clients don’t see the firm’s home. Its professionals most often visit clients.

The firm was founded in the early 1980s. Staffers have stayed busy not only working with clients, but sharing their knowledge through speaking engagements, 12 books, and more than 100 articles in more than 35 publications.

Mercer professionals also have contributed to 10 books on valuation-related topics.

“Our business has remained very strong despite the overall economic downturn,” Crow said. “And the talent pool available is very good.”  

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