Eugene G. Kershner

Partner, CPA

Gene is a co-founder and Partner specializing in supervising audit, review, due diligence, tax services for closely-held corporations, business control system implementations, and mergers and acquisitions. His clients include businesses in the manufacturing, construction, retail, wholesale, service, and non-profit industries. Gene is also in charge of the Firm's quality control system and budget and finance areas.

Previously, he served as Internal Audit Manager for Goulds Pumps, Inc., a Fortune 1000 manufacturer, where he performed operational audits in a new systems environment. In addition, Gene was previously associated with a National accounting firm with responsibility for managing larger SEC clients as well as a range of closely-held clients.

His selected experiences include:

  • Participation in a $20 million acquisition in Vienna, Austria on the due diligence team in which the purchase price was decreased by over $1.8 million as a direct result of adjustments noted in audit report.
  • Prepared cash flow models and valuation analysis to assist in negotiations of buy out of minority shareholders that resulted in a reduction in the stock repurchase price of $1.4 million.
  • Development of an inventory capitalization policy based on an internal study of corporate divisions for implementation in several businesses.
  • Responsible for royalty audit of a $1.2 billion public company licensee for client resulting in $300K of underpaid royalties for client.
  • Developed Business Process Service line in 1996.
  • Expert witness testimony.

Gene's professional and community affiliations include:

  • American Institute of Certified Public Accountants
  • Buffalo Renaissance Foundation, Former President and Board of Directors
  • Amherst Police Foundation, Treasurer and Co-Founder
  • The Buffalo Club, Finance Committee
  • Creekview Cares Foundation, Treasurer
  • National Horse Racing Correspondent for The Buffalo News
  • National Turf Writers & Broadcasters Association, Member
  • Thoroughbred Racing Fan Association, Inc., Treasurer and Board of Directors
  • Alumni Association of Elmira College, Former Board of Directors and Treasurer
  • Arthritis Foundation of Upstate New York Chapter, Former Board of Directors
  • Arthritis Foundation, Board Member of the Year (2002)
  • Arthritis Foundation, National Volunteer Citation Award (1999)

Gene holds a BS in Accounting from Elmira College.