The assets of the Institute of Business Appraisers have been transferred to an investment partnership made up of its former rival, the National Association of Certified Valuation Analysts, along with valuation software developer ValuSource and some unidentified partners.

Financial details were not disclosed. The partners are bringing in an outsider to run the IBA: Howard A. Lewis, national program manager for valuation services for the Internal Revenue Service, who is retiring after 32 years with the IRS. He will also be a consultant for NACVA.

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