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Valor, a Fort Worth-based specialty asset management company with expertise in mineral management and accounting-based software solutions, has announced the hiring of two new staffers to shore up the company’s fast-growing accounting department.
Valor
Matthew Hoffacker
Matthew Hoffacker has joined Valor as a new senior accountant and Tim Stackpole will serve the company as a new staff accountant.
"We’re glad to have both Matthew and Tim onboard and look forward to their contributions," says Valor CEO Joseph DeWoody in a statement. “In the past 12 months, Valor has more than doubled in size and revenue, with our accounting department responsible for the majority of this rapid growth. We’re fortunate that the company continues to experience robust new business growth, and we’re committed to making sure we’re staffed up properly to meet the needs of Valor’s rapidly diversifying client base.”
In his new role with Valor, Hoffacker will manage oil and gas accounting and bookkeeping for the company’s operator services department.
Prior to joining Valor, Hoffacker spent the previous five years as a senior-level joint interest billing accountant with TEEP Barnett USA, LLC, a natural gas exploration and production company. His prior in-category experience also extends to crude energy, where Hoffacker managed all accounts payable and joint interest accounting functions, successfully integrating departmental data.
Valor
Tim Stackpole
During this time, he implemented and maintained cloud-based EDI solutions for more than 1,200 non-operated upstream assets for integrated oil and gas firms operating in the basins of Eagle Ford Shale, Permian, and San Juan.
Stackpole brings a wealth of knowledge in accounting principles and data analysis to his new staff accountant role at Valor, the company says. Prior to joining the company, Tim was a senior accountant for Optimum Healthcare Management, a senior care operator that manages skilled nursing facilities.
Stackpole also worked for a private CPA firm that assists clients in a wide array of industries representing a diverse set of accounting needs. He earned a bachelor’s in history from the University of North Texas and bachelor’s in accounting from Tarleton State University.
Since its founding in 2018, Valor has grown to become one of the Southwest’s leading private asset managers, providing business process outsourcing, proprietary software solutions, and accounting and management services for mineral rights owners and other private wealth clients.