Valuation Consulting, Transaction Advisory, Litigation Support

Marshall & Stevens is entrusted with due diligence, execution, and reporting of important transactions and matters of dispute.

Who We Are

Who We Serve

Marshall & Stevens offers a broad portfolio of analyses to meet the needs of public and private companies, investors, and advisors.

Who is Marshall & Stevens

Marshall & Stevens has been a leader in the valuation and appraisal industry since its founding in 1932. Our diverse professionals have experience in a wide variety of valuation disciplines, public and private company transactions, and matters of dispute.

Marshall & Stevens is relied upon to assist with domestic and international transactions, providing independent Fairness Opinions, Solvency Opinions, and valuations of businesses, securities, assets, and real estate.

Our investigative accounting, damages calculation, and expert witness specialists service a wide variety of dispute and litigation matters.

Meet the team

Marshall & Stevens Thought Leaders

Simon Koo

CFA, MBA

Director, Financial Valuation & Consulting

Martin Hanan

CFA, MBA

Managing Director, Transaction Advisory Services, founder of ValueScope

Jennifer L. Loeffler

ABV, ASA, CPA

Managing Director, Divorce Services & Litigation Support

Mary Roig

Senior Manager, Business Valuation

Patrick Craig

CREA, MAI, MRICS

Executive Managing Director, Real Estate Valuation Practice Leader

Chris Kramer

ASA, CFA, MBA, Series 24, Series 63, Series 7

Managing Director, ESOP Valuation Practice Leader, founder of Acuity Advisors

Abdallah Alimirah

ASA

Director, Financial Valuation & Consulting

David N. Bateman

ABV, CFE, CFF, CPA, MPA

Managing Director, Litigation Support

Darleen Armour

ASA, MBA

Managing Director, Financial Technical Standards Committee Chair

John Geraghty

MBA

Managing Director, Energy & Infrastructure Practice Leader

Cory R. Kennedy

ABV, CPA, MBA

Business & IP Valuation Litigation Support

Steve Hastings

ABV, ASA, CFF, CGMA, CPA, CVA, MBA

Litigation Support & Transfer Pricing

Karen H. Romrell

ABV, ASA, CVA, MPA

Director, Commercial Litigation Support

Rick S. Hoffman

ABV, CPA

Managing Director, Litigation Support Practice Leader, co-founder, Lone Peak Valuation Group

Anthony Festa

ASA

Managing Director, Machinery & Equipment Valuation Practice Leader

Scott Hakala

CFA, PhD

Managing Director, Litigation Support

Mike Perez

ABV, ASA, Series 63, Series 79

Director, ESOP Valuation

David Gaynor

ASA, CEIV

Managing Director, Financial Valuation

Brent Shockley

CFA, CVA

Managing Director, Financial Valuation

Roger W. Smith

ABV, CFF, CGMA, CPA

Managing Director, Financial Valuation & Commercial Litigation Support

Fernando Sosa

ASA, MRICS

Managing Director, Energy & Infrastructure

Emily Ferreira

CGREA, MAI

Director, Real Estate Valuation

Patrick K. Schmidt

ASA, MBA

Managing Director, Financial Valuation, founder Value Consulting Group

Jason Wainwright

ABD, CFA

Director, Financial Valuation

Douglas Van Wickler

CGREA

Senior Director, Real Estate Valuation

Matt Germane

ABV, AM, MBA

Managing Director, Dispute Resolution & Litigation Support

Ben Westcott

CFA, MBA

Director, Financial Valuation

Gavin L. Harris

CFE, CPA, MBA

Director, Forensic Accounting

Chase Hoover

CFA, Series 63, Series 79

Managing Director, ESOP Valuation

Luke Liakopoulos

Managing Director, Energy & Infrastructure

Jonathan Adelson

JD, LLM

Managing Director, Business Development

Jeffrey S. Pickett

ABV, CFE, CFF, CPA

Managing Director, Business & Intellectual Property Valuation

Michael F. Conroy

CFA

Director, Financial Valuation

Scott DeMarco

CBA, CDFA, CPVA, CVA, MBA

Managing Director, Divorce Services & Litigation Support, founder of Equitable Value

Ralph J. Consola

MBA

Practice Leader, Business Development

Dan L. Johnson

CFE, CFF, CPA

Director, Litigation Support

Gregory Feldman

Managing Director, Business Development

Matthew R. West

ASA, MBA

Executive Managing Director, Healthcare and Financial Valuation

Steven Susel

MBA

Managing Director, MS Capital

John Agogliati

ASA, CFA, MBA

Senior Managing Director & Leader, Transaction Advisory Services, LLC

James Sieman

ASA

Managing Director, Financial Valuation & Consulting

Why Marshall & Stevens

Marshall & Stevens provides Fairness and Solvency Opinions, valuation analyses, investigative accounting, and expert witness services to assist public and private clients with their important transactions and litigation matters.

Our Locations

Client Highlights

Here are a few client success stories from public and private companies we’ve worked with

More Client Highlights

Thought Leadership & Insights

Secondaries: A Powerful Tool for Private Equity Liquidity and Value Creation
by Simon Koo

The Gift Tax Cliff is on the Horizon by Ralph Consola

Repowering Energy Projects
by Fernando Sosa

Relevant Insights

Expansion of New York Presence for Marshall & Stevens

Marshall & Stevens, a premier independent valuation advisory, litigation support, & investment banking firm, is pleased to announce the acquisition of Equitable Value, LLC. Founded in 2017, Equitable Value is the seventh respected valuation advisory & litigation support company acquired by Marshall & Stevens since 2023.

Marshall & Stevens Acquires Sixth Valuation Firm, Acuity Advisors

Marshall & Stevens, a premier independent valuation advisory, litigation support, and investment banking firm, is pleased to announce the acquisition of Acuity Advisors. Acuity is the sixth distinguished valuation and transaction advisory firm recently acquired by Marshall & Stevens.

Secondaries: A Powerful Tool for Private Equity Liquidity and Value Creation

The private equity (PE) secondary market facilitates transactions between existing investors, allowing for the sale and purchase of interests in pre-existing assets from the primary market before a traditional liquidity event has occurred. This has the benefit of providing an early liquidity option…

Marshall & Stevens Office locations