Article authors Mary-Anna Holden and Butch Howard interview with Anthony Festa
Anthony Festa is a Managing Director and National Practice Leader, Machinery & Equipment Valuation, Marshall & Stevens
The article explains that much of the U.S. water infrastructure is decades old, increasingly fragile, and in urgent need of costly upgrades or replacement, creating serious financial and public-health pressures. As water systems consider sales, mergers, or restructuring, stakeholders need credible, independent valuations to determine what these aging assets are truly worth. The full article (linked below) expands on how certified appraisers assess water systems—primarily using the cost approach, and sometimes income or comparable sales—to support fair transactions, regulatory review, and long-term investment planning.
