Anthony Festa

Anthony Festa, ASA, is a Managing Director in the New York Office’s Machinery & Equipment Practice of Marshall & Stevens Incorporated. Mr. Festa’s responsibilities include overseeing the delivery of valuation services to the Firm’s machinery and equipment valuation clients.

Mr. Festa leads asset valuations for buy/sell consideration, financing, insurance, tax reporting, and financial reporting purposes including purchase price allocations (ASC 805), impairment testing (ASC 350 and ASC 360), and Internal Revenue Code Sections 861, 382, and 704(c). Financing engagements include valuations for leasing and other structure finance transactions and bankruptcy/reorganization including fresh-start accounting.

Mr. Festa has served clients in a wide variety of industries including, but not limited to: automotive, aerospace and defense, broadcast and communications, chemicals, entertainment, financial services, food production, healthcare, hospitality, mining and milling, pharmaceutical, pulp and paper, restaurants, semiconductor, telecommunications, textiles, water and other infrastructure projects.

Specific to the water infrastructure industry, he has performed valuations for several Texas-based investor-owned water and wastewater plants for a transaction, a New Jersey township for a transaction, and a New Hampshire wastewater plant for financing purposes. He is an associate member of the National Association of Water Companies (NAWC) and has spoken at numerous professional conferences on the valuation of water utilities including the NAWC Water Summit in 2019.

He is an Accredited Senior Appraiser (ASA) in Machinery & Technical Specialties with the American Society of Appraisers. He has served in multiple leadership roles for New York City chapter of the American Society of Appraisers including President of the chapter in 2010-2011.