Nick Fifer - Associate Appraiser
Service Specialty:  Machinery & Equipment Appraisal
Tel. 317.591.9386 x300

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 x302

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 Association for Corporate Growth, the Alliance of Merger & Acquisition Advisors, the Indianapolis Chamber of Commerce, and the National Association of Government Guaranteed Lenders.

Alex C. Eads, CPA/ABV, CVA - Senior Consultant
Service Specialty:  Business Valuation
Tel. 317.591.9386 x305

Alex is our Senior Consultant at Capitale Analytics, specifically managing Capitale Analytics’ business valuation practice.  Alex has experience in providing business valuation and related consulting services in a wide range of industries including: manufacturing, health care, wholesale/distribution, construction, agriculture, technology, auto dealerships, engineering/architecture, fabrication, and retail.

Alex has prepared business valuations for numerous purposes including: SBA 7(a) lending, gift/estate taxation, mergers & acquisitions, buy/sell agreements, IRS 409(a), purchase or sale of interest, litigation, Subchapter S conversions, employee stock ownership plans (ESOPs), and purchase price allocation in accordance with ASC 805.

Alex is a Certified Public Accountant (CPA) in Indiana as well as a member of the American Institute of Certified Public Accountants (AICPA). In addition to being a CPA, Alex holds the Accredited in Business Valuation credential (ABV) awarded by the AICPA as well as the Certified Valuation Analyst credential as issued by the National Association of Certified Valuation Analysts (NACVA).Alex is a graduate of Indiana University Bloomington, with a B.A. degree in both accounting and finance.

Tim Roy, ASA, CEA - Senior Appraiser
Service Specialty:  Machinery & Equipment Appraisal
Tel. 317.591.9386 x303

Tim’s role is to provide our clients with quality M&E 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, legal, tax, and insurance institutions.

Tim holds the Accredited Senior Appraiser (ASA-MTS) designation with the ASA, the Certified Equipment Appraiser (CEA) designation with the Association of Machinery and Equipment Appraisers, and the Master Personal Property Appraiser (MPPA) designation with the National Auctioneers Association. He earned his formal education with a BA from Indiana University, and holds active memberships in the ASA, AMEA, and NAA.

Ryan Foxworthy - Senior Manager    
Tel. 317.591.9386 x301

Ryan's professional focus is that of client development and management both domestically and internationally.

His results-focused approach has been paramount in his success as a customer partner. With a keen eye for detail coupled with creative solutions, Ryan has created relationships with customers that have proven to be mutually profitable. Before joining Capitale Analytics, Ryan spent nine years as a Senior Project Manager at G & S Research, a primary market research and intelligence services firm. Prior to his position with G&S Research, he spent three years at Schlesinger Associates in Chicago, Illinois. Schlesinger Associates is a marketing research company which specializes in qualitative and quantitative research data collection services internationally.

Ryan received his formal education, a Bachelors of Science in Marketing, from Butler University. He maintains several civic and professional relationships including memberships in the Penrod Society and the National Association of Government Guaranteed Lenders.