Independent Insight for Value Opinions
MS Capital is a boutique mergers and acquisitions firm that provides transaction advisory, capital markets, corporate finance, and investment banking services to a diverse client base, including corporations, financial institutions, financial sponsors, hedge funds, and private equity groups in the Americas and around the globe.
As a wholly-owned subsidiary of Marshall & Stevens, Incorporated, the experts at MS Capital have strategically leveraged Marshall & Stevens’ history of client relationships, industry focus, and market knowledge, as well as their own research and management expertise in the public and private domain to deliver innovative, personal, and comprehensive investment banking services.
Our services include:
- Exclusive Sales and Divestitures
- Management and Leveraged Buyouts
- Spin-Offs
- Joint Venture Structuring
- Growth Strategies
- Strategic Financial Buy-side
- Board Composition and Effectiveness
- Strategic Planning
- Value Drivers Analysis
- Management Focus and Effectiveness
- Employee Stock Ownership Plans (ESOPs)
- Value Enhancement Advisory
- Calculations of Value
- Sell-side Preparation and Advisory
Besides traditional investment banking services our team spends significant time with clients educating all stakeholders on aspects such as operational efficiency, financial literacy, and value enhancement strategies.
Every engagement requires the upmost attention to detail – taking in each individual aspect of a business and enacting a full company analysis to determine what facets can be used to increase total value.
How Marshall & Stevens can help with Investment Banking
Our Investment Banking team collaborates with our internal multi-disciplinary professionals to provide the value analyses and fresh independent opinions to fiduciaries, financing sources and investors for public and private company transactions.
Business Valuation
Whether for purchase, sale, investment, gifting, recapitalization, or equity/option grants, establishing an understanding of value is crucial for decision makers.
Fairness Opinions
A Fairness Opinion from a disinterested valuation firm provides decision makers with an independent analysis of the transaction, unbiased by commissions and other potential conflicts.
Solvency Opinions
A common myth is that when two parties are dealing at arm’s length there is no such thing as “too good of a deal.” This view ignores the laws relating to solvency.
Frequently Asked Questions
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The Marshall & Stevens ESOP practice includes valuation, transaction advisory, and investment banking for ESOPs.
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Marshall & Stevens performs portfolio valuations for a large and diverse pool of investments and investment funds.
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Marshall & Stevens provides valuations of businesses, as well as equity and debt investments for use in estate and gift tax, IRC 409a, ESOP reporting, succession planning, financing and recapitalization, litigation, etc.
The Marshall & Stevens Difference
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.
Client Highlights
Here are a few client success stories from public and private companies we’ve worked with
Investment Banking Contacts at Marshall & Stevens
Background
Mark Santarsiero is President and Chief Executive Officer of Marshall & Stevens Incorporated and President of MS Capital. He also serves on our internal Fairness Opinion and Solvency Opinion committees.
Prior to his appointment as President and CEO in 2000, Mr. Santarsiero served as Chief Financial Officer, Chief Operating Officer, and as national practice leader for the Financial Valuation & Consulting practice at Marshall & Stevens. He began his association with Marshall & Stevens as a corporate controller of a public company that owned it.
Mr. Santarsiero was a member of the team that led the employee buyout of Marshall & Stevens from its corporate parent in 1985. He has led multiple buy/sell and recapitalization transactions for MS Capital clients.
Mr. Santarsiero started his career as an accountant for two CPA firms where he worked in the area of audit, tax and management advisory services.
Mr. Santarsiero earned an M.B.A. from the University of Southern California and a B.S. in Accounting from the University of Scranton. He is a certified public accountant (inactive) in Pennsylvania and California and is an active member in the AICPA, as well as the New Jersey and California CPA societies.
Professional Highlights
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- Member, New Jersey Society of Certified Public Accountants
- Member, California Society of CPAs
- Marshall & Stevens, Inc.
July 1983-present
‣ President & CEO, 2000-present
Background
Jordan Santarsiero is a Vice President for MS Capital. He is responsible for new client development, transaction management, valuation presentations, and for the development of analysts.
Prior to joining MS Capital in 2017, Jordan worked within the Transaction Advisory Services practice at RSM LLP and prior to that was on the audit team for public and private companies for SingerLewak, LLP.
Jordan received a B.S. in Accounting from Loyola Marymount University. He holds the Certified Public Accountant designation (inactive). He is qualified as a FINRA Uniform Securities Agent (Series 63) and Investment Banking Representative (Series 79).
Professional Highlights
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Vice President, 2022-present - Marshall & Stevens, Inc.
Vice President, 2017-2022 - RSM
Senior Associate - Transaction Advisory Services, 2015-2017 - SingerLewak LLP
Senior Accountant, 2011-2015
Background
Steven A. Susel is a Managing Director of MS Capital, a subsidiary of Marshall & Stevens Incorporated. He is responsible for business development, relationship management, and transaction execution.
Mr. Susel has been involved in investment banking since 1993. He specializes in evaluating and working with privately held companies and their management teams to achieve their corporate and personal objectives.
His experience in the merger & acquisition, venture capital, public market, and ESOP areas resulted in extensive experience working with private companies to create liquidity and growth strategies. He is responsible for several long term national relationships for MS Capital.
Mr. Susel earned a Master of Arts and Bachelor of Arts in Political Science from Case Western Reserve University and a Master's in Business Administration from American University.
Professional Highlights
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Managing Director, 2004-present - Matrix Capital Markets Group
Vice President, 2001-2004 - Still River Fund
Vice President, 1999-2001 - Advest, Inc., Corporate Finance Group
Associate / Senior Associate, 1993-1999
Background
Alex Patras is Vice President of MS Capital. He is responsible for relationship management, valuation, client preparation, target identification and outreach.
Mr. Patras leads valuation analyses for clients of national networks of insurance and financial planning agencies.
Having the opportunity to start his career with Marshall & Stevens in 2008, Alex continues to support the growth and success of MS Capital.
Professional Highlights
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Vice President - Investment Banking, 2008-present
Relevant Insights
MS Capital Investment Banking
Fairness Opinion Advisory
