Anthony Festa
What I Do
- Machinery & Equipment
- Infrastructure Industry
Licenses & Designations
- Accredited Senior Appraiser
Education
- B.S. (Accounting)
Rutgers University
Present Position
Anthony Festa is Managing Director and National Practice Leader for the
Machinery & Equipment Practice of Marshall & Stevens. He is responsible for the
valuation of machinery, equipment, facilities, improvements, vehicles, and other
fixed assets for public and private companies, financial institutions, insurance
companies, and investors.
Experience
Mr. Festa leads valuation engagements for bankruptcy/reorganization, buy/sell
consideration, financing, insurance, financial reporting including purchase price
allocation (ASC 805), impairment testing (ASC 350 and ASC 360), and fresh
start accounting (ASC 852), and tax reporting including ad valorem reporting
and appeal, and Internal Revenue Code Sections 861, 382, and 704(c).
Financing engagements include valuations for leasing and other structure
finance transactions.
Mr. Festa has served clients in a wide variety of industries including, but not
limited to: automotive, aerospace and defense, broadcast and communications,
chemicals, energy, entertainment and media, financial services, food
production, healthcare, hospitality, mining and milling, pharmaceutical, pulp and
paper, restaurants, semiconductors, telecommunications, textiles, water,
wastewater, and other infrastructure projects.
Professional Designations & Affiliations
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 chapter President in 2010-2011. He is an associate member of the National Association of Water Companies (NAWC).
Professional Membership
- Associate Member, National Association of Water Companies (NAWC)
- Member, American Society of Appraisers, New York Chapter
President, 2010-2011
Employment History
- Marshall & Stevens, Inc.
September 2022-present
‣ Managing Director, National Practice Leader – Machinery & Equipment, 2023-present
‣ Director, 2022-2023 - Cushman & Wakefield
Director, 2018-2022 - Alvarez & Marshal
Senior Director, 2012-2018 - American Appraisal Associates
Director, 2005-2012 - Ernst & Young
Manager, 1997-2005 - Lehman Brothers
Tax Accounting Intern, 1996-1997
Publications & Speeches
- Valuing Specific Assets in Divorce, contributing author, first published by Aspen Publishers in 2000, updated in 2009 and 2013
- Valuation Strategies in Divorce, fourth edition (contributing author), Aspen Publishers, 2009
- December 2007, co-presenter in Greensboro, North Carolina to the North Carolina Department of Revenue on the “Valuation of Idle Equipment”
- February & March 2016, presenter in Washington, DC and Augusta, Georgia to the National Association of Regulated Utilities Commissioners on the “Valuation of Water Utilities”
- August 2016 and 2018, presenter in Denver, Colorado and Washington DC, respectively, to the Water Finance Conference on the “Valuation of Water Utilities”
- July 2018, co-presenter in Toronto, Canada to the American Society of Civil Engineers on the “Valuation of Water Utilities”
- October 2019, panelist in Nashville, TN at the National Association of Water Companies’ 2019 Water Summit on “Fair Market Value Legislation”
- Podcast interview via Soundcloud – Assessing and Valuing Water Systems
- ASA NYC chapter presentations including “M&E Valuation Concepts under ASC 360,” and “M&E Financial Reporting Audit Issues”