About Marshall & Stevens

Founded in 1932, Marshall & Stevens provides excellent valuation advisory services to assist decision makers with the planning, execution and reporting of important transactions.

Marshall & Steven’s History:

1932
Earl P. Marshall founds Marshall Valuation Services in Los Angeles.
1936
Robert W. Stevens teams with Earl P. Marshall to form Marshall & Stevens.
1936
Earl P. Marshall and Robert W. Stevens among the founding members of the American Society of Technical Appraisals (ASTA). Stevens named first president of ASTA, forerunner of the American Society of Appraisers (ASA).
  Logo of ASA American Society of Appraisers
1949
Marshall & Stevens acquired General Appraisal Company founded by General G.W. Goethals, the lead engineer on the construction of the Panama Canal.
1967 Marshall & Stevens appraises over 24 million acres (38,000 square miles) of land and associated mineral rights for Native American Tribes.
1974 Marshall & Stevens manages the valuation of City of New York assets in connection with the City’s refinancing.
1976
IRS selects Marshall & Stevens to value the Howard Hughes estate
  Image of Howard Hughes
1979
Marshall & Stevens selected as the arbitrating appraiser in the breakup of AT&T.
1989
Marshall & Stevens’ president, Robert Kerslake, testified at a Senate hearing in Washington DC in support of appraisal reform in response to the Savings and Loan crisis.
1998 – 2004 Marshall & Stevens engaged to value assets of Kuwait businesses destroyed by Iraq during the Gulf War for reparation claims to be paid by the United Nations Compensation Commission
United Nations logo in blue
2000 Engaged by Southern California Edison for valuation of its power generating assets for disposition as dictated by the Public Utilities Commission.
  Southern California Edison logo - Energy for What's Ahead
2000 – 2001 Engaged by Kinder Morgan Energy Partners to litigation support including expert testimony and valuation of 1,800 miles of railroad easements across the Western US.
  Kinder Morgan, Inc. logo with red lightning bolt
2001 Engaged to value enterprises and assets for planned worldwide restructuring of P&O Princess Cruises.
  Princess Cruises logo in blue
2002 Engaged by MGM Grand Inc. to provide purchase price allocation services for the $6.4 billion acquisition of Mirage Resorts Inc.
  MGM Mirage logo in gold
2002 Served in litigation support role regarding insurance claims on the destruction of the twin towers of the World Trade Center on September 11, 2001.
2006 Marshall & Stevens’ Vice Chairman, Alfred King, designated as valuation expert and provided litigation support for multi-billion-dollar Crown Paper Company bankruptcy.
  Crown Paper Group logo with gold crown
2006 Valuation of enterprises and real estate of Holcim US Inc. and Aggregate Industries for FIRPTA compliance as a result of Holcim Ltd.’s $3.4 Billion acquisition of Aggregate Industries.
  Aggregate Industries logo with blue triangle
2007 Marshall & Stevens’ Vice Chairman, Alfred King, served as expert witness and litigation support expert on both the international and domestic Parmalat Securities Litigations.
  Parmalat Securities Litigations logo in blue
2009 Engaged by bankruptcy counsel to provide enterprise, intangible and real estate valuations for the funding of the $8 Billion construction of City Center in Las Vegas.
  City Center logo with tagline "An MGM Mirage development."
2009 – 2011 FDIC engages Marshall & Stevens to value assets of over 80 financial institution at over 1,400 locations across the US and in Canada for buy/sell consideration.
  FDIC logo
2012 Valuation of Halliburton’s ownership in over 100 businesses around the world for tax reporting purposes.
2010 – 2020+ The Structured Finance practice values renewable and conventional energy projects (cogeneration, fuel cell, gas fire, nuclear, solar, and wind energy generation) totaling in excess of $100 Billion.

 

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