Nick Fifer - Associate Appraiser
Service Specialty:  Machinery & Equipment Appraisal
Tel. 317.591.9386 x3300

Nick’s professional responsibilities are to deliver our clients M&E appraisals that comply with the Uniform Standards of Professional Appraisal Practice (USPAP), the Code of Ethics of the American Society of Appraisers (ASA), and all Small Business Administration (SBA) standards. 


​Nick received his formal education from Purdue University, graduating with a Bachelor of Science degree.

Chris Smith - Director    

Tel. 317.591.9386 x3302

Chris oversees the day-to-day operations of Capitale Analytics, but his primary focus is establishing and maintaining close relationships with our clients as well as leading the overall efforts of our sales and service teams. He comes to our firm with significant experience in account management, customer service, and client relations. His knowledge is the summation of his Bachelor's Degree from Indiana University and his professional experience. Chris directly works with clients to collaboratively identify their unique needs and to craft custom solutions.

Chris is currently a member of the National Association of Government Guaranteed Lenders (NAGGL).

Joshua Smith, CPA, CVA - Manager

Service Specialty:  Business Valuation and Advisory Services
Tel. 317.591.9386 x3301

Joshua specifically focuses on business valuations for small to mid-sized companies. He also provides benchmarking analysis and other services in connection with operational and financial performance.

Joshua’s experience in business valuation and related consulting services covers a wide range of industries including, but not limited to: Healthcare, Retail, Wholesale/Distribution, Construction, Technology, Financials, Utilities, Industrials, and Real Estate. Hehas prepared business valuations for purposes such as: SBA 7(a) lending, mergers and acquisitions, buy/sell agreements, gift and estate tax, management and ownership planning purposes, purchase and sale of business interests, and marital dissolution.

Joshua is a Certified Public Accountant (CPA) and maintains membership with the American Institute of Certified Public Accountants (AICPA). He is also a Certified Valuation Analyst (CVA) as issued by the National Association of Certified Valuators and Analysts (NACVA). Joshua is a graduate of Ball State University, where he graduated with honors, earning a B.S. degree in Finance.

Tim Roy, ASA, CEA - Senior Appraiser
Service Specialty:  Machinery & Equipment Appraisal; Inventory Appraisal
Tel. 317.591.9386 x3303

Tim’s role is to provide our clients with quality M&E and inventory appraisals that meet the highest industry and governmental standards. His project portfolio covers a wide range of industries and asset types, and he strives for consistency, competency, and reliability. Tim’s appraisals are strictly compliant with the Uniform Standards of Professional Appraisal Practice (USPAP), the Code of Ethics of the American Society of Appraisers (ASA), and all Small Business Administration (SBA) standards. He will also customize any appraisal as necessary to meet the specific requirement of our clients’ lending, financial, legal, tax, and insurance institutions.

Tim holds the Accredited Senior Appraiser (ASA-MTS) designation with the American Society of Appraisers (ASA) and the Certified Equipment Appraiser (CEA) designation with the Association of Machinery and Equipment Appraisers (AMEA). He earned his formal education with a BA from Indiana University.