Marty Hanan
ValueScope—a Southlake-based firm that provides financial and economic analysis to measure, create, and defend business valuations—has announced it is merging with Los Angeles-based Marshall & Stevens, Inc.
Details of the merger’s terms were not disclosed. ValueScope is the fifth valuation consulting and litigation support firm to join Marshall & Stevens since March 2023, the companies noted.
Business valuations are needed for a range of situations, including buy-sell consideration, transaction advisory, estate and gift tax reporting, financial reporting, and matters of dispute.
ValueScope’s president and CEO, Marty Hanan, originally founded a valuation firm in 1987 called Business Valuation Services, or BVS. In 1998, he merged it into a public audit and consulting firm. He later founded ValueScope in 2001.
‘Better together’
“Marshall & Stevens provides a platform for our team to reach new heights,” Hanan said in a statement about the merger. “Joining Marshall & Stevens gives us access to talented in-house real estate and equipment appraisers, renewable energy finance, forensic accounting, receivership, and solvency opinions. We are better together.”
Mark Santarsiero
Mark Santarsiero, president and CEO of Marshall & Stevens, sees it the same way. His company goes back much further, however—it was founded in 1932 during the Great Depression.
“We’re impressed by the talent and experience at ValueScope and excited to add such a strong presence in Texas,” Santarsiero said. “ValueScope does more than enrich our broad valuation, investigative accounting, and litigation support practices. They bring transfer pricing, business consulting, and quality of earnings professionals to our portfolio of services. Our clients and referral sources will benefit greatly from this union.”
Santarsiero added that much business awaits their merged operations.
“The immense quantity of capital-seeking investment matched with increased scrutiny from the SEC and IRS, impending reduction of the federal lifetime gift tax exemption, great need for succession planning, and current state of the real estate markets are driving an increased need for excellent independent advisory services,” he said in a statement. “Marshall & Stevens is serving those needs.”
Over the past 16 months, Reliant Business Valuation, Reliant Equipment Appraisal, Rocky Mountain Advisory, Lone Peak Valuation Group, Value Consulting Group also have merged with Marshall & Stevens.
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