Our History

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

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Marshall & Stevens acquired four companies:

Rocky Mountain Advisory Value Consulting Group
Lone Peak Valuation Group Reliant Business Valuation
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Marshall & Stevens completed a valuation of Halliburton’s ownership in over 100 businesses around the world for tax reporting purposes.

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The FDIC engaged Marshall & Stevens to value assets of over 80 financial institutions at over 1,400 locations across the US and in Canada for buy/sell consideration.

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Bankruptcy counsel engaged Marshall & Stevens to provide enterprise, intangible, and real estate valuations for the funding of the $8 Billion construction of CityCenter in Las Vegas.

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Marshall & Stevens’ Vice Chairman, Alfred King, served as expert witness and litigation support expert on both the international and domestic Parmalat Securities Litigations.

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Marshall & Stevens completed a 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.

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Marshall & Stevens’ Vice Chairman, Alfred King, was designated as valuation expert and provided litigation support for multi-billion-dollar Crown Paper Company bankruptcy.

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MGM Grand Inc. engaged Marshall & Stevens to provide purchase price allocation services for the $6.4 billion acquisition of Mirage Resorts Inc.

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Marshall & Stevens served in a litigation support role regarding insurance claims on the destruction of the twin towers of the World Trade Center on September 11, 2001.

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Marshall & Stevens was engaged to value enterprises and assets for planned worldwide restructuring of P&O Princess Cruises.

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Kinder Morgan Energy Partners engaged Marshall & Stevens to provide litigation support, including expert testimony and valuation of 1,800 miles of railroad easements across the Western US.

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Southern California Edison engaged Marshall & Stevens for valuation of its power generating assets for disposition as dictated to the Public Utilities Commission.

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Marshall & Stevens was 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.

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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.

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Marshall & Stevens was selected as the arbitrating appraiser in the breakup of AT&T.

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The IRS selected Marshall & Stevens to value the Howard Hughes estate.

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Marshall & Stevens managed the valuation of City of New York assets in connection with the city’s refinancing.

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Marshall & Stevens appraised over 24 million acres (38,000 square miles) of land and associated mineral rights for Native American tribes.

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The ASTA merged with the Technical Valuation Society (TVS) to create a new organization called the American Society of Appraisers (ASA). Earl Marshall was named one of its incorporators.

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Marshall & Stevens acquired General Appraisal Company founded by General G.W. Goethals, the lead engineer on the construction of the Panama Canal.

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Stevens was named the first president of the ASTA when it was incorporated, and he remained in that position until 1943.

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Marshall teamed with Robert W. Stevens to form Marshall & Stevens. That same year, they became founding members of the American Society of Technical Appraisals (ASTA), alongside Stuart C. Tait and Samuel W. Gibson (Tait-Gibson).

Black-and-white photo of a busy Los Angeles road in the early 1930's, with cars, street lights, and power lines visible.


Earl P. Marshall founded Marshall Valuation Services in Los Angeles, California.

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