BCV, Valuator

Juhi Shah | Business Valuator

BMS, MBA (Finance)

With more than 20 years of experience in business valuation, pricing, business transactions, investment analysis and operations, Steve Skrlac has the practical and educational background to deliver valuation reports that you can have confidence in. 


Steve's strength is in advising his clients on business valuation. He has valued hundreds of businesses of various sizes and industries across Ontario.  Steve also has many years of practical transaction advisory experience - assisting clients on how to acquire or divest of their privately-held business. He has also previously worked for a major international consulting firm, advising on corporate value measurement and derivative valuation (stock options).


Steve Skrlac received his bachelor’s degree in Economics from the University of Western Ontario and an MBA from the University of Windsor. He is also a Chartered Business Valuator (CBV) and is a member of the Canadian Institute of Chartered Business Valuators (CBV Institute) and he adheres to its code of ethics. Steve distinguished himself in the CBV program by achieving the highest mark in Canada on two of the four required valuation courses. Steve Skrlac also holds the prestigious Chartered Financial Analyst (CFA) designation and is a member of the Institute of Chartered Financial Analysts (ICFA) and adheres to its code of ethics. Steve is also trained in the Collaborative divorce process. Steve has lectured on business valuation and related topics.  He has been featured in a Globe & Mail article about business valuation.

Keystone Business Valuations is a Burlington-based boutique financial services firm in Ontario. We serve clients in Toronto, across the GTA, Oakville, Hamilton, Niagara and Kitchener-Waterloo. We can provide independent business valuation services by a CBV, guideline income assessments for spousal/child support, business intermediary servcies, business plan preparation and other business advisory services. We are proud that so many of our clients have repeatedly turned to us for counsel and representation.

Our specialty lies in business valuations, family law support, litigation support and advisory services. ​If you need to know the fair market value of a business for a purchase or sale, divorce, tax reasons, corporate reorganization, litigation, shareholder dispute, estate or succession planning or any other purpose - we can help. We can prepare an income assessment report for spousal support & child support purposes and can also provide quantification of economic damages calculations. 


With a combined experience of 50+ years, our team has the skills and industry experience to meet your business valuation and advisory requirements.

Steve Skrlac | Principal

B.A. (Econ), MBA, CFA, CBV

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Business Valuation  •  Family Law Support  •  Litigation Support  •  Business Advisory

Norm Sobel's professional background and experience has been in manufacturing, import, distribution and services.  He has been with Keystone for many years, assisting companies and shareholders. Norm has transaction experience in a variety of industries.


Norm gained a wealth of business experience as a small business owner himself. He has over 30 years of experience in owning, building, acquiring, and exiting several businesses which has given him the experience and expertise required to help you. 

Though Norm's background and experience has been in manufacturing, import, distribution and services, he have worked with small businesses and business owners in a variety of industries. Norm has a strong background in facilitating M&A transactions and identifying areas which can help a company improve.


Norm builds trust and confidentiality with his clients, provides advisory services to his clients and represents their interests in getting the best value possible for their business.

CFA, financial analyst

We have the resources you need!


Keystone Business Valuations maintains a network of professional colleagues that we can draw on as required, including: real estate appraisers, equipment appraisers, taxation experts, transfer pricing specialists, engineers, M&A advisors and actuaries. We can offer you a formal valuation, for whatever your requirement is. To learn about our industry experience, please click here.

Our Team

Tom McLeod | Business Advisor

B.A. (Econ)

Copyright ©  Keystone Business Advisors Inc. All rights reserved.
Chartered Business Valuators serving the GTA including Toronto, Mississauga, Oakville, Burlington, Hamilton & southern Ontario.

Tom McLeod has years of experience at Keystone with the preparation of opinions of price for the purpose of bringing businesses to market.  Tom McLeod also has a strong background in facilitating M&A transactions.

Tom has a degree in Economics and 30 years of business experience which includes experience in the financial services industry and executive level corporate management. He has a diversified background in financial services, sales and sales management in the Canadian golf industry, and general management with a start up manufacturer. Tom prides himself on providing his clients with professional services with the highest standards or integrity and ethics. Tom has owned businesses and won several industry awards for sales. He understands the hard work and sacrifice of owning and running a business and is committed to integrity and professionalism.


Tom is an avid golfer and is engaged in his community through his participation in local service groups.

Norm Sobel | Business Advisor

B.Eng

Steve is happily married and the proud father of 2 boys.  He is a 3rd degree member of the Knights of Columbus and is active in his community and charitable organizations. Steve is also a proud supporter of the Nature Conservancy of Canada and the Royal Ontario Museum. 

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Please contact us to discuss your needs.

Juhi Shah is a financial professional with years of business valuation, business plan preparation and transaction advisory experience. Throughout her career, Juhi has valued businesses and prepared business plans for companies across varied industries.


Juhi has valuation, business plan preparation, pitch book preparation and financial modelling experience. Juhi has the financial acumen and technical skills acquired through her education, professional experience and client-facing interactions.


Juhi holds a bachelors degree in Management Studies (BMS) and an MBA degree in finance.