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How We Support the Water Sector:

Whether the assignment involves a municipal utility, investor-owned water system, irrigation district, or wastewater treatment facility, a credible valuation requires an understanding of both the assets themselves and the regulatory and financial environment in which they operate. 

Upcoming Event:

Manufacturing and Industry 

Water is a critical input for manufacturing and production across a wide range of industries, making the reliability and value of water infrastructure an important business consideration. Marshall & Stevens provides valuation and advisory services for water related assets, including water rights, wells, treatment systems, process water infrastructure, wastewater treatment facilities, and associated real estate and machinery and equipment, in support of multiple industries for which they are utilized. Our analyses help manufacturers, investors, and lenders support acquisitions, financing, financial reporting, tax planning, and capital investment decisions involving water dependent operations. 

Commercial Water Use

Commercial properties often rely on dedicated water infrastructure to support manufacturing, hospitality, healthcare, agriculture, and other water intensive operations. Marshall & Stevens assists owners, developers, and investors by valuing private water systems, storage facilities, pipelines, distribution networks, wastewater systems, and related infrastructure as part of broader real estate and business assets. Our multidisciplinary approach provides independent analyses that support financing, transactions, property taxation, litigation, redevelopment, and long term asset management.

Water Utilities 

Water and wastewater utilities require valuation analyses that reflect both the physical infrastructure and the regulatory environment in which they operate. Marshall & Stevens provides independent valuations for municipal, regional, and investor owned utility systems, evaluating treatment facilities, reservoirs, pumping stations, distribution and collection networks, water rights, and utility enterprises. We support utilities, municipalities, boards, investors, and lenders with analyses for acquisitions, rate cases, financial reporting, litigation, condemnation, and strategic planning, delivering well supported opinions that address the unique characteristics of utility infrastructure.

Services for Water and Infrastructure Assets

Marshall & Stevens provides independent valuation and advisory services for water and wastewater infrastructure, including treatment facilities, distribution and collection systems, water rights, reservoirs, easements, and the associated real estate, businesses, and machinery and equipment. By integrating multidisciplinary expertise in real estate, business valuation, financial valuation, machinery and equipment appraisal, and litigation support, we help utilities, municipalities, investors, lenders, and public agencies make informed decisions involving acquisitions, financing, financial reporting, rate cases, tax matters, litigation, and other complex water infrastructure challenges. 

Water Insights:

The Marshall & Stevens Insights Center features articles, webinars, and technical resources that examine the valuation of water and wastewater systems, the factors that influence their value, and the challenges facing aging water infrastructure. These resources explain how valuation methodologies are applied to water utilities and infrastructure assets, while exploring the regulatory, operational, and investment considerations that shape acquisition, financing, and rate setting decisions. Whether you are evaluating a transaction, planning capital improvements, or seeking a better understanding of water infrastructure valuation, our insights provide practical guidance grounded in real world experience.

Frequently Asked Questions

What types of water infrastructure can Marshall & Stevens value?
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Marshall & Stevens provides valuation and advisory services for a broad range of water and wastewater assets, including water utilities, wastewater utilities, treatment plants, reservoirs, pumping stations, pipelines, distribution and collection systems, water rights, easements, and the associated real estate, businesses, and machinery and equipment.

When is a water infrastructure valuation needed?
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A valuation may be required when buying or selling a utility or water system, securing financing, preparing financial statements, supporting a rate case, resolving litigation, planning capital investments, or addressing tax and regulatory requirements. Independent valuations help stakeholders understand asset value and support informed decision making.

What factors influence the value of a water or wastewater system?
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The value of a water system depends on many factors, including the condition and capacity of its infrastructure, customer base, revenue and operating performance, regulatory environment, capital improvement needs, water rights, service territory, and market conditions.

What makes water infrastructure valuation different from other types of valuation?
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Water infrastructure combines specialized physical assets with regulated operations, long term capital investment, and legal rights that require a multidisciplinary valuation approach. Marshall & Stevens integrates expertise in real estate valuation, business valuation, machinery and equipment appraisal, financial valuation, and litigation support to provide independent, well supported analyses for these complex assets.

Water Contacts at Marshall & Stevens