Rosen, Sapperstein & Friedlander, LLC Hires Andrew J. Runge

Owings Mills, MD, March 3, 2016 – Rosen, Sapperstein & Friedlander, LLC (RS&F), a business consulting and accounting firm, today announced it has hired Andrew J. Runge, CPA/ABV, CFF, MBA, CFE, CVA as its director of forensic, litigation, and valuation services.

With over 25 years of experience in forensic accounting/investigation, economic damages, insurance and litigation support services, as well as business valuations, Runge joins RS&F from Circle Forensic Consulting, LLC, where he led a boutique forensic accounting, business valuation, and litigation services practice.  His practice spanned various service segments in regions throughout the United States.

Runge has been deposed and testified in court or other judicial proceedings many times throughout his career.  He has consulted on thousands of economic damage, construction delay, lost income, bodily injury, wrongful death, employee dishonesty, construction, and other insurance claims exceeding hundreds of millions of dollars in the United States and abroad.  Runge also has prepared numerous business valuations of privately held companies as a whole and as partial interests.  His expertise also includes forensic accounting, fraud investigation, and litigation support services including assistance in case analysis, preparation for trial, and expert witness testimony.

“I have been approached by a number of firms in the last five or six years, seeking to combine operations. None of those inquiries went very far. It was important to me to join a firm that shares the same high values as I do, is committed to growth and has a strategic plan in place to achieve it,” said Andrew J. Runge, director of forensic and valuation services for Rosen, Sapperstein & Friedlander, LLC.  “Rosen, Sapperstein & Friedlander has proven to be the right platform where my skills and experience mesh with their historic areas of expertise and combined, we are able to offer more services and at a higher level to our clients than we otherwise could in the areas of forensic accounting, litigation support and business valuation. At the end of the day, it is really all about providing exemplary value added services to our clients.”

With Runge’s hiring, Rosen, Sapperstein & Friedlander is expanding its forensic accounting, litigation and business valuations service offerings.  The firm’s expertise in forensic accounting includes economic damage analysis, fraud determination and embezzlement, divorce property settlements, reorganization and recapitalization, search for unreported transactions and assets, settlement negotiations, shareholder disputes, charitable contributions, compensation arrangements, goodwill impairment and more.

Runge also has a long history of consulting on insurance damage claims including loss of business income, loss of rents, fidelity and employee dishonesty claims, extra expenses, coinsurance calculations, out of sight inventory losses, builders risk and soft cost claims, surety and bonding claims, liability claims and subrogation assistance.
Situations where RS&F’s business valuations are provided include bankruptcies and liquidations, business reorganization, buy/sell agreements, economic damages, estate and gift tax planning, family limited partnerships, intellectual property, marital dissolution, mergers, acquisitions and divestitures, purchase price allocations, shareholder and partner disputes, succession planning, and purchase or sale of stock.

“Rosen, Sapperstein & Friedlander has been delivering forensic and valuation services for over 30 years and now, with Andrew at the director of this division, we are well positioned to raise the firm’s profile with these service offerings and deliver highly specialized services our clients expect,” Howard J. Rosen, CPA, CGMA managing partner of Rosen, Sapperstein & Friedlander, LLC shared.  “The strategic addition of Andrew aligns well with RS&F’s strategy to combine our deep industry and technical expertise with a full range of forensic and valuations services for our clients.”

Runge is a member of the American Institute of Certified Public Accountants, Maryland Association of Certified Public Accountants, National Association of Certified Valuation Analysts, and Association of Certified Fraud Examiners.  He is also a member of RAC Oversight Board at Carroll County Hospital.  Runge earned his Bachelor of Arts from Whittier College and his Master of Business Administration from The Peter Drucker School of Management at the Claremont Graduate School.

About Rosen, Sapperstein and Friedlander, LLC
Founded in 1979, Rosen, Sapperstein and Friedlander, LLC (RS&F) is a business consulting and accounting firm that caters to middle-market businesses and high net worth families.  RS&F delivers services mainly along the East Coast but has clients residing throughout the United States.  As a full-service CPA firm, RS&F provides consulting, tax, audit, forensic accounting and business valuations, and accounting services.  The firm works with clients in a variety of industries, including healthcare, real estate, nonprofits, government contractors, construction, business services, manufacturers, distributors, print/packaging, automotive, and mortgage lending.