Marshall & Stevens

Marshall & Stevens is a valuation consulting, transaction advisory, and litigation support firm. It values businesses, securities, real estate, machinery and equipment, intangible assets, and fund interests, and issues independent fairness and solvency opinions.

Valuation work covers financial reporting and tax: purchase price allocation, portfolio and fund valuations, gift and estate appraisals, equity and incentive compensation under IRC 409A and ASC 718, fresh start accounting, ad valorem property taxes and unitary value, and ESOP fairness, valuation, formation, and implementation work. The firm states its gift and estate appraisals are IRS-compliant qualified appraisals covering closely held businesses, ownership interests, real estate, fund interests, intellectual property, and equipment.

The transaction advisory side handles quality of earnings and due diligence, mergers and acquisitions, and energy and infrastructure assignments. The disputes practice covers damages calculations, forensic and investigative accounting, bankruptcy and restructuring, and divorce and family law. Work is performed in compliance with the standards and guidelines of bodies including the FASB.

The firm has been in the valuation and appraisal industry since its founding in 1932 and has offices in Los Angeles, Chicago, Dallas-Fort Worth, New York, Minneapolis, Oklahoma City, Orange County, Princeton, Salt Lake City, and Tampa. It has been acquiring other valuation firms since 2023. Fees are per assignment, and each engagement is staffed across offices for regional, technical, and industry experience, so which team will do the work is worth asking at the outset.