M&A Services’ Analyst Stephen Scales Ranks 1st Place Globaly at CFI Financial Modeling Competition


New York, NY, December 18th, 2019 – M&A Services’ Analyst Stephen Scales ranked 1st place globally at the 2019 CFI Financial Modeling Competition (FinMo).

“Stephen is a tremendously talented analyst and it great to see him earn the number 1 rank globally in the FinMo Competition”, stated Jason Murgio, CEO of M&A Services.  “In his years at M&A, he has worked on a number of complex transactions and Stephen’s insight, knowledge and analytical skills are an asset to our Firm and the clients we represent.”

“What a great experience in working on this year’s case study.  I’m honored for the recognition my work has received,” said Stephen Scales.

The CFI Financial Modeling Competition is an annual global case competition that tests an analyst’s financial modeling, valuation, strategic analysis, and presentation skills. More than just Excel tricks, FinMo cases are based on real-world scenarios and focus on solving business problems.

The 2019 Financial Modeling Competition was an M&A case study where participants analyzed the impact of a potential M&A transaction for a live, Fortune Global 500 company.

In the case, participants acted as an M&A Adviser for the live company and provided an investment recommendation by assessing potential acquisition targets and how they align with the company’s growth objectives.

This online competition challenges participants to showcase and celebrate their financial modeling and valuation skills, knowledge, and excellence in the industry. Participants took part in a single round of elimination over one week to test their technical knowledge of financial modeling. Hundreds of contestants analyzed a case study to create a valuation model for the company and presented an investment recommendation (PowerPoint and video). Each submission was judged based on the quality of the financial model and presentation.

Here is the list of the top 20 ranking contestants for 2019 year of FinMo.



About Mr. Stephen Scales

Mr. Scales serves as an Analyst for Merger & Acquisition Services.  His responsibilities include financial analysis, research, valuation and modeling.  Mr. Scales graduated Cum Laude from Towson University in 2017 with a Bachelor of Science Degree in Finance. Additionally, he has passed all Levels in the CFA program and holds the FINRA Series 79 and 63 licenses.


About Merger & Acquisition Services, Inc.

Merger & Acquisition Services, Inc. is a specialist advisory and financial services Firm to the insurance and reinsurance industry, with offices in New York, Connecticut, Georgia & Cayman Islands. Founded in 1999, the Firm and its affiliates provides investment banking and insurance consulting services globally, including; merger & acquisition advisory capital raising, valuations, program placement/fronting, and reinsurance advisory. Merger & Acquisition Capital Services, LLC., a registered broker-dealer and member FINRA / SIPC, is an affiliate of Merger & Acquisition Services, Inc.

To learn more about Merger & Acquisition Services, visit https://maservices.com.


Investment banking services and all securities are offered in the United States by and through Merger & Acquisition Capital Services, LLC, a US registered broker-dealer and member FINRA/SIPC. Merger & Acquisition Services, Inc., M&A International LTD & M&A International Cooperatief U.A. do not underwrite securities, nor advise on, nor effect transactions in securities for the account of others.