Business and Family Solutions

Ron Prehogan

Ron is the President and founder of Equitas Consultants Inc.  He started Equitas – the Latin word for justice or fairness – because as a lawyer and family man he was disheartened by the number of family businesses he was seeing being torn apart by family strife.  He saw how breakdowns in communication and trust lay at the core of the problems so he became certified as a family business facilitator and began working with clients to bridge the gaps both from a communication and governance perspective.

More often than not, these situations got the clients back on track.  However, there were some situations where family relationships had deteriorated to the point where nothing could be done to save them.  In these situations, Equitas offers its clients a unique form of a mediated “business divorce” solution using a team of legal, valuation and tax advisors.  Our approach spares the clients the tremendous financial and emotional cost, uncertainty and protracted and public nature of litigation.

Ron is both the President of Equitas Consultants Inc, and also maintains a separate legal practice under an affiliate law firm, Brazeau Seller Law where his focus lies in commercial transactions including mergers, acquisitions, and the sale of business properties. During his career, he has been involved in large transactions locally, nationally and internationally.

Ron was recently awarded the 2018 Turnaround Management Association Award for Mid-Size Companies for his involvement with a client’s acquisition and saving of a paper mill in Northern Manitoba. This global award is chosen based on a rigorous peer-review process that recognizes the most successful turnaround of a company through a corporate restructuring or distressed investment.   

Ron has given back to the community over the years in many ways including chairing the boards of the Jewish Federation of Ottawa, the Queensway Carleton Hospital Foundation and various other local and national organizations for which he has received numerous prestigious awards.  Ron currently chairs the capital campaign for the Queensway Carleton Hospital Foundation and is co-chair of his synagogue’s centennial project.

Education, Professional designations, Awards

  • Lawyer B.C.L. and LL.B
  • Certified Family Business Facilitator with Family Enterprise Exchange (formerly known as Canadian Association of Family Enterprise)
  • Recipient of the 2018 Mid-Size Company Turnaround Management Association Award
  • Recipient of 2010 Gilbert Greenberg Distinguished Leadership Award from the Ottawa Jewish Community
  • Recipient of one of only two Community Spirit Awards ever given out by the Queensway Carleton Hospital Foundation for exemplary service for the hospital

Ron Prehogan, LL.B
President, Equitas Consultants Inc.
Direct: (613) 907-5151
Email: [email protected]
LinkedIn:

Raymond E. Drost, CPA, CA, CIRP

Ray is a senior advisor with Equitas Consultants Inc. He brings over 34 years of deep industry knowledge in real estate valuation, corporate finance, and advisory services working with clients across North America.

He has worked extensively with private clients involved in family and shareholder dispute matters both formally (i.e. Court appointment or expert witness in a court action) and more notably with a non-judicial approach.

At Equitas, Ray’s experience helps our clients privately negotiate settlements equitably and in a timely manner that enhances our clients’ experience to successfully and amicably move forward.  His ability to work on assignments including financing, acquisitions and divestitures, valuations, and restructurings has benefited our clients in immeasurable ways.  He has advised boards on valuation matters, including providing fairness opinions and have acted as expert witness on real estate matters.

Notably, on June 30, 2017, after almost 38 years, Ray retired from Ernst & Young (EY) where he had been the Canadian National Leader of EY’s Transaction and Real Estate Practice.

Ray is married to Teresa and they have 4 grown children.  He lives at his home in the Muskoka area where he enjoys boating, fishing, building guitars and supporting local community activities.

Education, Professional designations, Awards

  • Chartered Accountant (CA)
  • Canadian Insolvency and Restructuring Professional (CIRP)
  • Trustee in Bankruptcy
  • FINRA Series 7, 24 and 63 securities licenses
  • Licensed real estate broker – Ontario and British Columbia
  • Bachelor of Commerce, University of Toronto

 

Raymond E. Drost, CPA, CA, CIRP
Senior Advisor

Office: 613-569-7001
Cell: 416-460-7416
email: [email protected]
LinkedIn:

Rabbi R. Bulka

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Office:000.0000.000
Cell: 000.0000.000
email: [email protected]
LinkedIn:

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Case Studies

The Challence

Two founding shareholders of a business (non-family) over the years developed differing philosophies and approaches as to how best to grow the business.  Their relationship became increasingly strained and a power struggle ensued to the point that the survival of the business was threatened.

How We Helped

Once it became clear that the shareholders could no longer remain in business together, Equitas worked with the founders and the Board of Directors to decide on which founder would run the company going forward and helped bring about the buy-out of the other founder. The business is now back on track without the huge cost and uncertainty of litigation which would likely have killed the business.