Marshall & Stevens excels at providing accurate, timely, and supportable valuations for a wide range of debt instruments.
Our machinery and equipment, real estate, and financial valuation professionals work with corporate executives, fiduciaries, financial institutions, investors and transaction advisors to finance machinery and equipment, intangible assets, real estate, fully integrated projects and facilities, and business enterprises. From straight forward debt financing to the more complex structured finance transactions, our specialists know what is required and how to get the deals done.
The Marshall & Stevens Approach
Our in-house professionals provide timely independent analyses to the entire spectrum of financing and investment sources. Some assignments require nothing more than a standard opinion of fair market value. Others require an opinion of orderly and forced liquidation, highest and best use, go dark value, etc.
We service structured finance transactions by providing the opinions required to consummate sale leasebacks, off-balance sheet transactions, partnership, cross-border, and municipal transactions.
Opinions provided include, but are not limited to:
- Economic Useful Life and Remaining Useful Life
- Fair Lease Value
- Fair Market Value
- Fair Value
- Fairness Opinions
- Go Dark Value
- Limited Use Analyses and Compulsion
- Liquidation Values
- MACRS Classifications / Cost Segregation
- Portfolio Valuation
- Purchase Option
- Repowering Tax Analyses (80/20 Test)
- Residual Value
- Solvency Opinions
- Assignment of Tax Lives
Our specialists pride themselves on the ability to demonstrate a complete understanding of the needs and considerations of each individual transaction. We provide the necessary input and solutions to the challenges our clients may face, bringing a great deal of sensitivity and intelligence to each new transaction.
Important Compliance Requirements
Marshall & Stevens’ valuation analyses and reports comply with the requirements of American Society of Appraisers (ASA) and the Uniform Society of Professional Appraisal Standards (USPAP). Depending upon the assignment, our work will also comply with domestic and international accounting standards for financial reporting (FASB and IAS), Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA), and Internal Revenue Services (IRS) standards and procedures.
Transactions Are What We Do
Founded in 1932, we assist our clients with planning, due diligence, negotiation and reporting of their important transactions including mergers, acquisitions, divestitures, financings, restructuring, insurance placement, tax, and matters of dispute.
How Marshall & Stevens can help with Finance, Refinance, Recapitalization
Our Transaction Opinion 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.
Energy and Infrastructure Valuation
Asset intensive businesses often require analyses from specialists in financial, fixed asset, and real estate valuation collaborating to deliver independent value opinions their auditors, tax professionals, financing...
Business Valuation
Whether for purchase, sale, investment, gifting, recapitalization, or equity/option grants, establishing an understanding of value is crucial for decision makers.
Machinery and Equipment
Our Machinery and Equipment valuation professionals spend the time necessary to provide reliable analyses.
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.
- 11 offices
- over 200 employees
- 26 Unique Professional Certifications
- 8 firms acquired since 2023
- 93 years (founded 1932)
- over 55 staff with tenure of 9+ years
Client Highlights
Here are a few client success stories from
Finance, Refinance, Recapitalization Contacts at Marshall & Stevens
Background
Ralph Consola is a Principal and Executive Managing Director working from the corporate headquarters in Los Angeles, California. His responsibilities include leading the West Region of Marshall & Stevens and the firm’s Sales and Marketing efforts nationally.
Mr. Consola works with trusted advisors, investors, and corporations, both public and private, providing valuation and transaction advisory services related to mergers, acquisitions, divestitures, restructurings, financings and corporate tax matters, estate and gift tax reporting, insurance placement, and litigation support. Services provided include Fairness and Solvency Opinions, transaction consulting and the valuation of business enterprises, debt and equity instruments, intangible assets, real estate, and equipment.
Specific experience includes:
- Leading Marshall & Stevens’ national Structured Finance (now Energy & Infrastructure) practice from 2016-2019.
- Fairness Opinion and Solvency Opinion for a $750 Million recapitalization of a $2 Billion revenue produce company.
- Valuation of approximately 1,000 pieces of real estate, and their related fixed assets, for buy/sell consideration, insurable value, and financial reporting for one of the largest religious institutions in the US.
- Purchase price allocation of approximately 5,000 single family residential properties across the US prior to IPO.
- Valuation of fixed assets at over 1,500 locations across the US in support of over 80 FDIC Bank sales.
Mr. Consola joined Marshall & Stevens in 1999. He assumed the responsibilities of Principal in 2005 and Executive Managing Director in 2010. Before joining Marshall & Stevens, Mr. Consola worked for 11 years in the University Relations Division of Loyola Marymount University, where he served as Director of Alumni Relations, Senior Development Officer and on the Capital Campaign Committee.
Download a copy of Ralphs article Fair or Not Fair - Fairness Transparency and the SEC by clicking here.
Professional Highlights
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December 1999-present
‣ Executive Managing Director, Business Development, 2020-present
‣ Director, Board of Directors, 2017-present
‣ Executive Managing Director, Structured Finance Practice Leader, 2010-2019
‣ Principal, 2005-2016 - Loyola Marymount University
Director of Alumni Relations, Senior Development Officer, 1988-1999
Background
Greg Feldman is a Managing Director with Marshall & Stevens Incorporated and MS Capital. He is responsible for business development and client management.
Mr. Feldman joined Marshall & Stevens in 2010. He works with public and private companies and their trusted advisors to provide valuations of businesses, equity and debt instruments, intangible assets, machinery & equipment, and commercial real estate including cost segregation studies. Analyses are provided for buy/sell consideration, financial reporting, financing and recapitalization, tax planning and reporting, insurance placement and dispute resolution.
Prior to Marshall & Stevens, Mr. Feldman successfully served in business development and operational roles within a diverse group of industries including Big 4 and other international accounting firms, retail, consumer products, and printing.
Mr. Feldman has received extensive training in Sales, Sales Management, Negotiation, Project Management and overall Business Development.
He is active on several boards including Bloomingdale Youth Sports Association and the Tampa Chapter of Association of Corporate Growth (“ACG”) serving as the Membership Committee Chair.
Professional Highlights
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- Membership Committee Chair, Association of Corporate Growth, Tampa Chapter
- Marshall & Stevens, Inc.
Managing Director, Business Development, 2010-present - Grant Thornton LLP
Business Development Executive, 2010 - Ernst & Young
Business Development Executive, 2007-2010 - RR Donnelley (formerly Wallace Computer Services)
Regional Sales Manager, 1992-2007
Background
John “JC” Feldman is an Assistant Director, Business Development in the Tampa Office of Marshall & Stevens Incorporated.
Mr. Feldman works with clients and their trusted advisors to provide valuation solutions to assist them with mergers, acquisitions and divestitures, wealth transfer, recapitalizations, and insurance placement.
Prior to joining Marshall & Stevens, Mr. Feldman worked in medical sales. He was the Director of Operations for a start-up telehealth company, LifeLight Systems and before that spent seven years with Orthomedx, a medical device company, where his role grew to managing the second largest territory in Florida.
Mr. Feldman earned a Bachelor of Science, Biology, from the University of Central Florida where he was a member of men’s lacrosse team.
He is a member of the Orlando chapter of the Association for Corporate Growth (ACG) and Secured Finance Network (SFNet).
Professional Highlights
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- Member, Secured Finance Network
- Marshall & Stevens, Inc.
Assistant Director, Business Development, 2022-present - LifeLight Systems
Chief Operations Officer, 2021-2022 - ORTHOMEDX CORPORATION / Kinex Medical
Regional Account Manager, 2016-2021 - Strada Security
Commercial Account Manager, 2015-2016 - DICK'S Sporting Goods
Footwear Associate/Lead, 2012-2015
Gabriel Rodriguez is a Business Development Associate in the Chicago Office of Marshall & Stevens Incorporated. He works with clients and their trusted advisors to provide valuation solutions to assist them with mergers, acquisitions and divestitures, wealth transfer, recapitalizations, and insurance placement.
Mr. Rodriguez earned a Bachelor of Business Administration in Marketing and a minor in Political Science from Loyola Marymount University where was an officer in the LMU Latinx Business Association, member of the International Business Society, and starter for LMU’s Ice Hockey Team.
A native of Chicago, Gabi was a student intern at Marshall & Stevens before joining fulltime.