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Independence, Integrity, Intelligence
Marshall & Stevens Financial Practice provides independent, credible valuation and consulting services to clients from a diverse, experienced, professional staff. Marshall and Stevens sheds light on business opportunities, uncovers solutions to business challenges, and provides support to business strategies.
Opportunity, Compliance
Everything financial is strategic. Everything strategic is valued by Marshall & Stevens. Not only does Marshall & Stevens’ Financial Practice accurately identify the value of the company, asset, or transaction in question, Marshall & Stevens’ Financial Practice values the importance of that assignment. From engagements concerning compliance with reporting requirements to fairness opinions protecting an opportunistic acquisition to serial valuations invaluable to refining your business strategy to accurate options pricing critical to federal tax issues, Marshall & Stevens’ Financial Practice exists to eliminate uncertainty; and in doing so, Marshall & Stevens’ Financial Practice maps the avenues of your strategic pursuit.
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Marshall & Stevens’ Finance Practice is at the leading technical edge of financial analysis.
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Marshall & Stevens’ Finance Practice is an experienced author of fairness and solvency opinions.
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Marshall & Stevens’ Finance Practice is an experienced provider of option and derivative valuations.
Marshall & Stevens’ Financial Practice Excels at:
SFAS 141
Service Explanation
SFAS 141 sets forth guidelines for the allocation of purchase price in business combinations. Goodwill must be recognized if the purchase cost of the net assets acquired is greater than the fair value of the net assets acquired. Furthermore, negative goodwill must be recognized if the converse is true. Marshall & Stevens excels at the recognition and valuation of goodwill.
Strategic Implications
Allocating purchase price is strategic in direct proportion to the complexity of the business combination. From multiple subsidiary companies purchasing and integrating multi-subsidiary companies to multiple acquisitions immediately followed by spin-outs, Marshall & Stevens will maximize combination value in line with SFAS 141.
Recent Clients
| Astea International, Inc. |
| Cavalier Telephone |
| Commonwealth Telephone Enterprises, Inc. |
| Fenway Partners |
| Friend Skolar & Co, Inc. |
| Mace Security International, Inc. |
| Penn National Gaming, Inc. |
| RehabCare Goup, Inc. |
| Kindred Healthcare, Inc. |
| Ralcorp Holdings, Inc. |
| TLC Vision Corp. |
| National Beef Packing Company, LLC |
| Lifepoint Hospitals, Inc. |
| Express Scripts |
| Priority Healthcare |
| Smurfit-Stone Container Corporation |
| Consolidated Bedding, Inc. |
| Arr-Maz Custom Chemicals, Inc. |
| Numara Software |
| Total Safety U.S., Inc. |
Contacts
Western United States
- Kevin R. Hanson
Principal
355 South Grand Avenue, Suite 1750
Los Angeles, CA 90071
213-233-1507
213-612-8010 Fax
khanson@marshall-stevens.com
Midwestern United States
- G. Christopher Louis, ASA, MBA
Senior Vice President-National Financial Practice Leader
701 Market Street, Suite 495
St. Louis, MO 63101-1859
314-621-7025 Extension 1810
314-436-2244 Fax
clouis@marshall-stevens.com
Eastern United States
- John J. Ryan, ASA, CPA/ABV, MBA
Senior Vice President – Southeastern Division
101 E Kennedy Blvd, Suite 3425
Tampa, FL 33602
813-962-7888 Extension 5309
813-963-2251 Fax
jryan@marshall-stevens.com
- Robert Mulhearn, CFA, MBA
Vice President – Northeastern Division
1700 Market Street, Suite 1510
Philadelphia, PA 19103
215-561-5600 Extension 5065
215-557-7280Fax
rmulhearn@marshall-stevens.com
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SFAS 142
Service Explanation
SFAS 142 requires the recognition at fair value of acquired intangible assets, that internally developed but not specifically identifiable intangible assets not be recognized as balance sheet assets and that their costs be recognized as expense when incurred, establishes intangible asset amortization guidelines and requires that goodwill be tested for impairment annually. Marshall & Stevens excels at SFAS 142 service.
Strategic Implications
Annual examination of goodwill for impairment is mandatory. The utility of specifically identifying unidentified intangible assets varies situationally.
Recent Clients
| Astea International, Inc. |
| Mace Security International, Inc. |
| Maidenform Inc. |
| Penn National Gaming, Inc. |
| Consolidated Bedding, Inc. |
| Protocol Integrated Direct Marketing |
| Perma-Fix Environmental Services, Inc. |
Contacts
Western United States
- Kevin R. Hanson
Principal
355 South Grand Avenue, Suite 1750
Los Angeles, CA 90071
213-233-1507
213-612-8010 Fax
khanson@marshall-stevens.com
Midwestern United States
- G. Christopher Louis, ASA, MBA
Senior Vice President-National Financial Practice Leader
701 Market Street, Suite 495
St. Louis, MO 63101-1859
314-621-7025 Extension 1810
314-436-2244 Fax
clouis@marshall-stevens.com
Eastern United States
- John J. Ryan, ASA, CPA/ABV, MBA
Senior Vice President – Southeastern Division
101 E Kennedy Blvd, Suite 3425
Tampa, FL 33602
813-962-7888 Extension 5309
813-963-2251 Fax
jryan@marshall-stevens.com
- Robert Mulhearn, CFA, MBA
Vice President – Northeastern Division
1700 Market Street, Suite 1510
Philadelphia, PA 19103
215-561-5600 Extension 5065
215-557-7280Fax
rmulhearn@marshall-stevens.com
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SFAS 144
Service Explanation
SFAS 144 requires, regarding long-lived assets, the recognition of an impairment loss if the carrying amount- the declared value prior to recognition of impairment- is unrecoverable by its undiscounted cash flows. Per SFAS 144, an impairment loss is the difference between the carrying amount of the asset and the asset’s fair value. Marshall & Stevens excels at the recognition and determination of impairment.
Strategic Implications
The positive of impairment losses is its subsequent depression of tax liability without impact upon revenue growth or gross margin. Operating margin is however impacted. What is most important is that impairments be recognized in a timely fashion with accuracy in order to maintain positive perceptions of transparency in governance and of financial controls. Further strategic advantage may be found in examining projected impairments in the context of capital expenditure projections.
Recent Clients
| Protocol Integrated Direct Marketing |
Contacts
Western United States
- Kevin R. Hanson
Principal
355 South Grand Avenue, Suite 1750
Los Angeles, CA 90071
213-233-1507
213-612-8010 Fax
khanson@marshall-stevens.com
Midwestern United States
- G. Christopher Louis, ASA, MBA
Senior Vice President-National Financial Practice Leader
701 Market Street, Suite 495
St. Louis, MO 63101-1859
314-621-7025 Extension 1810
314-436-2244 Fax
clouis@marshall-stevens.com
Eastern United States
- John J. Ryan, ASA, CPA/ABV, MBA
Senior Vice President – Southeastern Division
101 E Kennedy Blvd, Suite 3425
Tampa, FL 33602
813-962-7888 Extension 5309
813-963-2251 Fax
jryan@marshall-stevens.com
- Robert Mulhearn, CFA, MBA
Vice President – Northeastern Division
1700 Market Street, Suite 1510
Philadelphia, PA 19103
215-561-5600 Extension 5065
215-557-7280Fax
rmulhearn@marshall-stevens.com
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FASB 123R
Service Explanation
FASB 123R establishes standards for the accounting of share-based compensation and transaction strategies. Marshall & Stevens excels at the valuation of existing share-based strategies and the development and integration of share-based strategies into your company’s plan.
Strategic Implications
Accurate valuation of share-based strategies is step one of accounting for and developing them efficiently. Key employee retention, expansion schedules and director/investor/creditor relationships all may or should involve FASB 123R implicated share-based strategies.
Recent Clients
| Bisk Education |
| CCS Medical |
| Tarrant Apparel Group |
| Consolidated Energy, Inc. |
| Akrion, Inc. |
| Technisource, Inc. |
Contacts
Western United States
- Kevin R. Hanson
Principal
355 South Grand Avenue, Suite 1750
Los Angeles, CA 90071
213-233-1507
213-612-8010 Fax
khanson@marshall-stevens.com
Midwestern United States
- G. Christopher Louis, ASA, MBA
Senior Vice President-National Financial Practice Leader
701 Market Street, Suite 495
St. Louis, MO 63101-1859
314-621-7025 Extension 1810
314-436-2244 Fax
clouis@marshall-stevens.com
Eastern United States
- John J. Ryan, ASA, CPA/ABV, MBA
Senior Vice President – Southeastern Division
101 E Kennedy Blvd, Suite 3425
Tampa, FL 33602
813-962-7888 Extension 5309
813-963-2251 Fax
jryan@marshall-stevens.com
- Robert Mulhearn, CFA, MBA
Vice President – Northeastern Division
1700 Market Street, Suite 1510
Philadelphia, PA 19103
215-561-5600 Extension 5065
215-557-7280Fax
rmulhearn@marshall-stevens.com
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FASB 133
Service Explanation
FASB 133 and its associated amendments establish accounting and reporting standards for derivative instruments, including those embedded in contracts and for hedging activities. Marshall & Stevens excels at the valuation of securities whose price is dependent upon one or more underlying assets.
Strategic Implications
From fuel cost hedging using futures contracts to equity risk exposure management employing sophisticated derivative strategies to compensation and corporate finance related expansion costs, accurate valuation, of existing derivatives and in the development of derivative based hedging and expansion strategies, is essential. Marshall & Stevens excels at the development and service of derivative strategies.
Recent Clients
Contacts
Western United States
- Kevin R. Hanson
Principal
355 South Grand Avenue, Suite 1750
Los Angeles, CA 90071
213-233-1507
213-612-8010 Fax
khanson@marshall-stevens.com
Midwestern United States
- G. Christopher Louis, ASA, MBA
Senior Vice President-National Financial Practice Leader
701 Market Street, Suite 495
St. Louis, MO 63101-1859
314-621-7025 Extension 1810
314-436-2244 Fax
clouis@marshall-stevens.com
Eastern United States
- John J. Ryan, ASA, CPA/ABV, MBA
Senior Vice President – Southeastern Division
101 E Kennedy Blvd, Suite 3425
Tampa, FL 33602
813-962-7888 Extension 5309
813-963-2251 Fax
jryan@marshall-stevens.com
- Robert Mulhearn, CFA, MBA
Vice President – Northeastern Division
1700 Market Street, Suite 1510
Philadelphia, PA 19103
215-561-5600 Extension 5065
215-557-7280Fax
rmulhearn@marshall-stevens.com
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IRC 409A
Service Explanation
Internal Revenue Code Section 409A requires companies to formally value their stock when issuing options as opposed to making a good faith determination of their value. Both Incentive Stock Options and Non-Qualified Stock Options are implicated by the declarations of 409A. Marshall & Stevens excels in option valuation.
Strategic Implications
The tax implications for both the issuer and holder of the options are significant. Any option that is granted with a strike price below FMV is subject to 409A treatment. A professional valuation of the stock would provide a basis for the setting of the strike price for closely held companies. Publicly traded companies may have the option of using a relevant closing price of their stock; nevertheless, given the recent attention paid to backdating of options, scrutiny is intense. Private companies may not enjoy the benefits of scale and liquidity that public companies do- this increases the importance of accurate options valuation. Accurate options valuation is essential to key employee retention and the protection of growth strategy from a sudden increase in tax liability.
Recent Clients
Contacts
Western United States
- Kevin R. Hanson
Principal
355 South Grand Avenue, Suite 1750
Los Angeles, CA 90071
213-233-1507
213-612-8010 Fax
khanson@marshall-stevens.com
Midwestern United States
- G. Christopher Louis, ASA, MBA
Senior Vice President-National Financial Practice Leader
701 Market Street, Suite 495
St. Louis, MO 63101-1859
314-621-7025 Extension 1810
314-436-2244 Fax
clouis@marshall-stevens.com
Eastern United States
- John J. Ryan, ASA, CPA/ABV, MBA
Senior Vice President – Southeastern Division
101 E Kennedy Blvd, Suite 3425
Tampa, FL 33602
813-962-7888 Extension 5309
813-963-2251 Fax
jryan@marshall-stevens.com
- Robert Mulhearn, CFA, MBA
Vice President – Northeastern Division
1700 Market Street, Suite 1510
Philadelphia, PA 19103
215-561-5600 Extension 5065
215-557-7280Fax
rmulhearn@marshall-stevens.com
[BACK TO TOP]
IRC 482
Service Explanation
Internal Revenue Code Section 482 sets forth guidelines for the transfer of gross income, deductions, credits and allowances between any two or more entities owned or controlled directly or indirectly by the same interests. Most importantly, IRC 482 sets forth guidelines in the case of any transfer (or license) of intangible asset, stating that the income with respect to such transfer or license shall be commensurate with the income attributable to the intangible asset. Marshall & Stevens excels at valuing accurately the income attributable to a transferred or licensed intangible asset.
Strategic Implications
The transfer or license of an intangible asset is a strategic decision and as such the assembling of the decisions components ought to be completed with accuracy and efficiency.
Recent Clients
Contacts
Western United States
- Kevin R. Hanson
Principal
355 South Grand Avenue, Suite 1750
Los Angeles, CA 90071
213-233-1507
213-612-8010 Fax
khanson@marshall-stevens.com
Midwestern United States
- G. Christopher Louis, ASA, MBA
Senior Vice President-National Financial Practice Leader
701 Market Street, Suite 495
St. Louis, MO 63101-1859
314-621-7025 Extension 1810
314-436-2244 Fax
clouis@marshall-stevens.com
Eastern United States
- John J. Ryan, ASA, CPA/ABV, MBA
Senior Vice President – Southeastern Division
101 E Kennedy Blvd, Suite 3425
Tampa, FL 33602
813-962-7888 Extension 5309
813-963-2251 Fax
jryan@marshall-stevens.com
- Robert Mulhearn, CFA, MBA
Vice President – Northeastern Division
1700 Market Street, Suite 1510
Philadelphia, PA 19103
215-561-5600 Extension 5065
215-557-7280Fax
rmulhearn@marshall-stevens.com
[BACK TO TOP]
Company/Segment/Subsidiary
Service Explanation
An objective determination of the net worth of, after consideration of quantitative and qualitative measures, such as book and market value of assets, cash flow generated by and risk level associated with the cash flow generated by, a company, segment or subsidiary.
Strategic Implications
When contemplating strategy, the utility of knowing reliably the value or contingent ranges of value of a company or an individual subsidiary or segment is high. From clear measures of division performance to concise estimates of the thoughts of counterparts in negotiations to personal financial strategy, knowledge of your current position is critical to your future direction.
Recent Clients
| Campbell Soup |
| Kiplinger Washington Editors, Inc. |
| Pitney Bowes, Inc. |
| Samsonite Corporation |
Contacts
Western United States
- Kevin R. Hanson
Principal
355 South Grand Avenue, Suite 1750
Los Angeles, CA 90071
213-233-1507
213-612-8010 Fax
khanson@marshall-stevens.com
Midwestern United States
- G. Christopher Louis, ASA, MBA
Senior Vice President-National Financial Practice Leader
701 Market Street, Suite 495
St. Louis, MO 63101-1859
314-621-7025 Extension 1810
314-436-2244 Fax
clouis@marshall-stevens.com
Eastern United States
- John J. Ryan, ASA, CPA/ABV, MBA
Senior Vice President – Southeastern Division
101 E Kennedy Blvd, Suite 3425
Tampa, FL 33602
813-962-7888 Extension 5309
813-963-2251 Fax
jryan@marshall-stevens.com
- Robert Mulhearn, CFA, MBA
Vice President – Northeastern Division
1700 Market Street, Suite 1510
Philadelphia, PA 19103
215-561-5600 Extension 5065
215-557-7280Fax
rmulhearn@marshall-stevens.com
[BACK TO TOP]
Intangible Asset Valuation
Service Explanation
An objective determination of the net worth, after consideration of quantitative and qualitative measures, such as book, market and liquidation value, cash flow generated by and risk associated with the cash flow generated by, of the value of a company’s, segment’s or subsidiary’s intangible assets.
Strategic Implications
In Progress Research & Development is a prime example of a strategic intangible asset valued by Marshall & Stevens. The ability to ascertain the value of your in-progress research and development efforts at any given point in time, whether compulsory or voluntary can reveal the ability of your human capital to add value to your fixed and semi-liquid capital. To know with certainty and to be able to track reliably the progress of your development efforts is never less than highly valuable. The examination, identification or exacting of an intangible asset’s value is essential to an accurate balance sheet and a key instrument of value determinations during negotiations, efficiency reviews, and balance sheet to income statement translations.
Recent Clients
| Bryan Cave LLP |
| Baker, Donelson, Bearman, Caldwell & Berkowitz, PC |
| McGuireWoods LLP |
| Lashley & Baer, P.C. |
| Brown-Forman Company |
Contacts
Western United States
- Kevin R. Hanson
Principal
355 South Grand Avenue, Suite 1750
Los Angeles, CA 90071
213-233-1507
213-612-8010 Fax
khanson@marshall-stevens.com
Midwestern United States
- G. Christopher Louis, ASA, MBA
Senior Vice President-National Financial Practice Leader
701 Market Street, Suite 495
St. Louis, MO 63101-1859
314-621-7025 Extension 1810
314-436-2244 Fax
clouis@marshall-stevens.com
Eastern United States
- John J. Ryan, ASA, CPA/ABV, MBA
Senior Vice President – Southeastern Division
101 E Kennedy Blvd, Suite 3425
Tampa, FL 33602
813-962-7888 Extension 5309
813-963-2251 Fax
jryan@marshall-stevens.com
- Robert Mulhearn, CFA, MBA
Vice President – Northeastern Division
1700 Market Street, Suite 1510
Philadelphia, PA 19103
215-561-5600 Extension 5065
215-557-7280Fax
rmulhearn@marshall-stevens.com
[BACK TO TOP]
Business Interruption
Service Explanation
An objective determination, after consideration of quantitative and qualitative measures such as cash flow sacrificed and restart cost, of the financial impact of the interruption upon a company, segment or subsidiary of all or certain operations of the company, segment or subsidiary.
Strategic Implications
The interruption of business by force majeur carries implications. The temporary cessation of a production process in order to expand carries implications. Identifying the financial implications is step one in preparing for the contingency, ascertaining risk and preparing adjustment measures.
Recent Clients
Contacts
Western United States
- Kevin R. Hanson
Principal
355 South Grand Avenue, Suite 1750
Los Angeles, CA 90071
213-233-1507
213-612-8010 Fax
khanson@marshall-stevens.com
Midwestern United States
- G. Christopher Louis, ASA, MBA
Senior Vice President-National Financial Practice Leader
701 Market Street, Suite 495
St. Louis, MO 63101-1859
314-621-7025 Extension 1810
314-436-2244 Fax
clouis@marshall-stevens.com
Eastern United States
- John J. Ryan, ASA, CPA/ABV, MBA
Senior Vice President – Southeastern Division
101 E Kennedy Blvd, Suite 3425
Tampa, FL 33602
813-962-7888 Extension 5309
813-963-2251 Fax
jryan@marshall-stevens.com
- Robert Mulhearn, CFA, MBA
Vice President – Northeastern Division
1700 Market Street, Suite 1510
Philadelphia, PA 19103
215-561-5600 Extension 5065
215-557-7280Fax
rmulhearn@marshall-stevens.com
[BACK TO TOP]
Business/Relationship Dissolution
Service Explanation
An objective determination of the financial ramifications and/or distribution of worth after consideration of quantitative and qualitative measures such as cash flow sacrificed in the event a company, segment, subsidiary or critical relationship is dissolved.
Strategic Implications
In business who we know travels well. Our partnerships and joint ventures, durable and temporary, are amalgamations of our relationships, from employer-employee to equity holder-equity holder. The dissolution of certain relationships, compulsory or voluntary, has a financial impact awareness of which is necessary for proper planning.
Recent Clients
Contacts
Western United States
- Kevin R. Hanson
Principal
355 South Grand Avenue, Suite 1750
Los Angeles, CA 90071
213-233-1507
213-612-8010 Fax
khanson@marshall-stevens.com
Midwestern United States
- G. Christopher Louis, ASA, MBA
Senior Vice President-National Financial Practice Leader
701 Market Street, Suite 495
St. Louis, MO 63101-1859
314-621-7025 Extension 1810
314-436-2244 Fax
clouis@marshall-stevens.com
Eastern United States
- John J. Ryan, ASA, CPA/ABV, MBA
Senior Vice President – Southeastern Division
101 E Kennedy Blvd, Suite 3425
Tampa, FL 33602
813-962-7888 Extension 5309
813-963-2251 Fax
jryan@marshall-stevens.com
- Robert Mulhearn, CFA, MBA
Vice President – Northeastern Division
1700 Market Street, Suite 1510
Philadelphia, PA 19103
215-561-5600 Extension 5065
215-557-7280Fax
rmulhearn@marshall-stevens.com
[BACK TO TOP]
Bankruptcy Valuation
Service Explanation
An objective determination, after consideration of quantitative and qualitative measures such as book, market and liquidation value of tangible and intangible assets, cash flow sensitivities and the ability to restructure debt, of the net worth of a company, segment or subsidiary emerging from or entering into bankruptcy, the impact of a decision to enter into bankruptcy, the impact of the timing of the decision to emerge from bankruptcy protection, the value of the categorized assets, segments or subsidiaries of a company entering or emerging from bankruptcy.
Strategic Implications
Bankruptcy is an uncomfortable retreat, but it exists in recognition of the promise of resuscitation and in alternative to demise. If entered into and emerged from preparedly, bankruptcy can provide the hospice required. Knowing the value of the entity approaching, enduring and exiting bankruptcy enables decision making to be informed of timelines, contingent values, and financial impact. Furthermore, in negotiations with creditors and equity holders, a clear conception of the overall values- original and impaired- and of the impact of the measures proposed themselves is invaluable.
Recent Clients
Contacts
Western United States
- Kevin R. Hanson
Principal
355 South Grand Avenue, Suite 1750
Los Angeles, CA 90071
213-233-1507
213-612-8010 Fax
khanson@marshall-stevens.com
Midwestern United States
- G. Christopher Louis, ASA, MBA
Senior Vice President-National Financial Practice Leader
701 Market Street, Suite 495
St. Louis, MO 63101-1859
314-621-7025 Extension 1810
314-436-2244 Fax
clouis@marshall-stevens.com
Eastern United States
- John J. Ryan, ASA, CPA/ABV, MBA
Senior Vice President – Southeastern Division
101 E Kennedy Blvd, Suite 3425
Tampa, FL 33602
813-962-7888 Extension 5309
813-963-2251 Fax
jryan@marshall-stevens.com
- Robert Mulhearn, CFA, MBA
Vice President – Northeastern Division
1700 Market Street, Suite 1510
Philadelphia, PA 19103
215-561-5600 Extension 5065
215-557-7280Fax
rmulhearn@marshall-stevens.com
[BACK TO TOP]
Third Party Opinion
Service Explanation
An opinion regarding a special situation, such as the sufficiency of completed due diligence, the veracity of a guarantee granted to a lender by a company on behalf of an affiliate, or the level of consent required in order to proceed with an agreed upon transaction, after comparison of the estimated or known requirements of the situation to the known pertinent items.
Strategic Implications
Today’s developed economy produces situations of unique complexity matching that maturity. Marshall & Stevens excels in crystallizing such situations in order to isolate fulcrums of potential contention and opine regarding their safety and/or merit. Marshall & Stevens’ independence, integrity and intelligence play crucial roles in this arena. The support we provide- not only independently corroborating suitability, but identifying pitfalls before they become fall throughs- is of tangibly high value.
Recent Clients
Contacts
Western United States
- Kevin R. Hanson
Principal
355 South Grand Avenue, Suite 1750
Los Angeles, CA 90071
213-233-1507
213-612-8010 Fax
khanson@marshall-stevens.com
Midwestern United States
- G. Christopher Louis, ASA, MBA
Senior Vice President-National Financial Practice Leader
701 Market Street, Suite 495
St. Louis, MO 63101-1859
314-621-7025 Extension 1810
314-436-2244 Fax
clouis@marshall-stevens.com
Eastern United States
- John J. Ryan, ASA, CPA/ABV, MBA
Senior Vice President – Southeastern Division
101 E Kennedy Blvd, Suite 3425
Tampa, FL 33602
813-962-7888 Extension 5309
813-963-2251 Fax
jryan@marshall-stevens.com
- Robert Mulhearn, CFA, MBA
Vice President – Northeastern Division
1700 Market Street, Suite 1510
Philadelphia, PA 19103
215-561-5600 Extension 5065
215-557-7280Fax
rmulhearn@marshall-stevens.com
[BACK TO TOP]
Litigation Support
Service Explanation
In corporate, estate and tax law, valuation plays a critical role in the development and execution of litigation strategy. Marshall & Stevens excels at valuation.
Strategic Implications
Independence, Integrity and Intelligence are Marshall & Stevens hallmarks. Each is employed by Marshall & Stevens to strengthen the position of the litigant by providing the clear, accurate representations of valuation victory requires.
Recent Clients
Contacts
Western United States
- Kevin R. Hanson
Principal
355 South Grand Avenue, Suite 1750
Los Angeles, CA 90071
213-233-1507
213-612-8010 Fax
khanson@marshall-stevens.com
Midwestern United States
- G. Christopher Louis, ASA, MBA
Senior Vice President-National Financial Practice Leader
701 Market Street, Suite 495
St. Louis, MO 63101-1859
314-621-7025 Extension 1810
314-436-2244 Fax
clouis@marshall-stevens.com
Eastern United States
- John J. Ryan, ASA, CPA/ABV, MBA
Senior Vice President – Southeastern Division
101 E Kennedy Blvd, Suite 3425
Tampa, FL 33602
813-962-7888 Extension 5309
813-963-2251 Fax
jryan@marshall-stevens.com
- Robert Mulhearn, CFA, MBA
Vice President – Northeastern Division
1700 Market Street, Suite 1510
Philadelphia, PA 19103
215-561-5600 Extension 5065
215-557-7280Fax
rmulhearn@marshall-stevens.com
[BACK TO TOP]
ESOP Service
Service Explanation
Employee Stock Ownership Plans (ESOPs) require annual valuation updates and from time to time may require plan adjustments. Marshall & Stevens excels at valuations in the context of ESOPs.
Strategic Implications
A company often represents the largest concentration of its owner’s wealth. Certain companies in light of relative size or market or employee composition may be best suited for an ESOP. The ESOPs annual service is critical to the achievement of the ESOPs goals.
Recent Clients
| Bell Container |
| International Data Group |
| First Class Coach |
| Terra Construction Co. |
| Architectural Nexus, Inc. |
| S M Wilson & Co |
| PSC Automotive Group, Inc. |
| Atlantic Marine |
| Deans Electric, Inc. |
| A-1 United Heatng & Air Conditioning, Inc. |
Contacts
Western United States
- Kevin R. Hanson
Principal
355 South Grand Avenue, Suite 1750
Los Angeles, CA 90071
213-233-1507
213-612-8010 Fax
khanson@marshall-stevens.com
Midwestern United States
- G. Christopher Louis, ASA, MBA
Senior Vice President-National Financial Practice Leader
701 Market Street, Suite 495
St. Louis, MO 63101-1859
314-621-7025 Extension 1810
314-436-2244 Fax
clouis@marshall-stevens.com
Eastern United States
- John J. Ryan, ASA, CPA/ABV, MBA
Senior Vice President – Southeastern Division
101 E Kennedy Blvd, Suite 3425
Tampa, FL 33602
813-962-7888 Extension 5309
813-963-2251 Fax
jryan@marshall-stevens.com
- Robert Mulhearn, CFA, MBA
Vice President – Northeastern Division
1700 Market Street, Suite 1510
Philadelphia, PA 19103
215-561-5600 Extension 5065
215-557-7280Fax
rmulhearn@marshall-stevens.com
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