Your expert partner

Capitale Analytics is your qualified source for equipment appraisals, inventory appraisals, and business valuations. We meet the ever-increasing needs that exist in today’s complex financial landscape by assisting banks, credit unions, CPA firms, private equity firms, and attorneys across the nation with their varying valuation needs.

What our clients are saying…


"A very professional and timely source for appraising equipment."

— Vice President, Commercial Lending, Community First Bank of Indiana

" Correspondence and communication during the process were excellent."

— Vice President, Relationship Manager, 
BMO Harris Bank

"Our client was grateful for the value you provided on such a quick timeline."

— Senior Vice President, Commercial Lending, Horizon Bank



Chris Smith - Director

Chris Smith is the Director at Capitale Analytics. He started with the firm in early 2015 and has been instrumental in building relationships with our valued clients and partners. He works closely with our service teams and oversees day-to-day operations.

Chris has greatly influenced our growth, carrying a unique set of skills from previous roles in operations, management, customer service and business development. He is a graduate of Indiana University and currently a member of the National Association of Government Guaranteed Lenders (NAGGL) and the Indiana Association for Corporate Renewal (IACR).

Chris was born and raised in Indiana and currently lives in Carmel with his wife and two daughters. On the weekends, you can find him cheering on the Indianapolis Colts, Indiana Hoosiers and Liverpool F.C.


Tim Roy, ASA, CEA - Senior M&E Appraiser

Tim Roy provides our clients with M&E and inventory appraisals, and also works with clients to design complex and nontraditional valuation assignments. Tim began his career in liquidation, and uses that first-hand experience to advise clients of the real-world value factors affecting the marketability of their assets.

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 is the ASA Indiana chapter president, and is continually involved with community and nonprofit organizations.

Tim earned his formal education with a BA from Indiana University. He enjoys visiting Bloomington and the rest of beautiful southern Indiana with his wife and three children.


Nick Fifer - M&E Appraiser

Nick Fifer provides machine and equipment appraisals for our lending clients. He inspects facilities, works closely with borrowers, and develops quality valuations. Nick’s valuation experience began while working as an auctioneer; his exposure to asset liquidations and his understanding of levels of trade help him deliver meaningful results to our clients.

Nick has inspected assets in a wide variety of industries, including medical, food processing, metalworking, woodworking, coating, transportation, construction, and agriculture.

Nick earned his formal education with a BS from Purdue University. He enjoys bowling, golfing, and supporting the Evans Scholars Foundation. He likes to spend time with his wife and two young sons.


Joshua Smith, CPA, CVA - Business Valuation Mgr

Joshua Smith is the manager of business valuation and advisory services, with a specialization in valuations for small to mid‐sized privately-owned companies. Joshua’s experience covers a wide array of industries, including healthcare, consumer services, distribution, construction, utilities, and professional service firms.

Joshua is a Certified Public Accountant and a Certified Valuation Analyst.  In recognition of his professionalism and vision as an emerging leader in the CPA profession, the Indiana CPA Society presented Joshua with their Emerging Leaders Award in 2017. 

Joshua is a graduate of Ball State University, and currently lives in Fishers, Indiana with his wife and son.  Joshua is a volunteer board member of Reach For Youth, Inc.


Work with us.

We're always looking for the best and brightest to add to our team. We are a growing firm and would love to find out if you have what it takes to grow with us. Whether your passion is business development, customer service, or working in the field, we'd like to hear from you.