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ESOP Valuation Services

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Who We Are

Marshall & Stevens is a recognized leader in valuation. We assist ourclients with planning, due diligence, negotiation and reporting issuesrelated to financings, mergers, acquisitions, divestitures, restructurings,insurance placement and tax-related transactions. Our in-housespecialists provide a full portfolio of valuation-related services, includingtransaction advisory for machinery & equipment, facilities, real estate,businesses and intangible assets, and debt and equity instruments.

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At Marshall & Stevens, our ESOP Valuation professionals understand theimportance of client service. We value each client and assignment,knowing that our work becomes an integral part of your process. OurESOP Valuation Services professionals provide independent, crediblevaluation and advisory services. We are recognized for providingsupportable analyses and insightful reports using a service-orientedapproach.

Since 1932, our professionals have been providing critical valuationservices to our clients. We recognize the importance of your decision-making as it relates to the value of commercial, industrial andinfrastructure assets. With multiple offices throughout the United States,Marshall & Stevens has the ability to quickly assemble teams to satisfyclient requirements and assist them in making vital business decisions.

Overview

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The ESOP Valuation Services professionals provide independentvaluation and advisory services for ESOP implementation andadministration purposes.

We work with trustees, trust committees, and shareholders in ESOPtransactions to determine the fair market value of the subject company.

We offer a turn-key approach for your ESOP needs.

ESOP Valuation Services

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We provide an integrated array of services through the various stages of ESOP planning, execution and administration:

Services

Pre-planning valuations Trustee advisory

Initial valuations ESOP and ERISA litigation support

Annual valuations Expert witness testimony

Adequate consideration opinions Merger & acquisition advisory

ESOP second-stage Recapitalization advisory services

ESOP loan structuring Fairness and solvency opinions

ESOP loan re-structuring ESOP terminations

ESOP financing Appraisal review

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Our experience ranges from a variety of transaction types, to all majorindustries and for companies of varying sizes.

Based on years of experience and working alongside some of theappraisal industry’s top thought-leaders, we have the confidence andknowledge to guide you through your most challenging ESOP valuationmatter.

Whether dealing with concerns involving the Internal Revenue Service,the Department of Labor, or the Securities and Exchange Commission,our skilled experts have solutions.

Our Expertise

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Our ESOP Valuation Services is part of our larger Financial ValuationGroup. As a specialty group, our ESOP professionals have risen to anoutstanding challenge. Due to the rigorous regulatory nature of the ESOPindustry, our professionals are experienced in unique and complexmatters.

We are proficient in ESOP and ERISA related issues and with the requireddocumentation and due diligence.

We have rendered hundreds of opinions and are therefore comfortablewith the defensibility of our valuation reports.

We are accustomed to working with trustees and other advisors to getthe deal completed successfully and within time constraints.

We adhere to the recognized fundamentals of valuation, while keepingour finger on the pulse of the ever-changing regulations and legalfindings of today.

Our Experience

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Our talent spans nationwide, from the West to East coasts. We havebrought together an elite team of financial analysts to provide ourclients the most value for their money.

We invest in our employees to continually enhance their skill sets.Although the core of valuation analyses has remained relativelyunchanged over time, the unique nuances of the theory have not. It isan ever-growing and developing industry.

Our investment becomes your benefit, and as such our analysts arerequested to be authors and speakers on valuation matters, as well asparticipants on regulatory committees in appraisal and ESOPorganizations.

Our Talent

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Our analysts are credentialed through one or more of the recognized appraisal organizations, with some nominated and serving on various committees for the educational and ethical excellence of both the appraisal profession and ESOP industry, including:

Our Qualifications

American Institute of Certified Public Accountants (AICPA)

American Society of Appraisers (ASA)

CFA Institute (CFA)

The ESOP Association (TEA)

National Center for Employee Ownership (NCEO)

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Our Clients

Marshall & Stevens has a diverse client base emanating from our richhistory valuing properties for a range of purposes. We serve large Fortune500 Companies and individual investors; and no assignment is too small.

We value your business, and we vow to work diligently on your behalf toearn your satisfaction.

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We honor the confidential nature of our client relationships, and we honor client confidentiality as one of our great strengths. In that spirit, below we list the types of clients that we do business with, without divulging their names.

Who We Serve

Accountants

Asset Management Firms

Attorneys

CMBS Lenders

Commercial Banks

Corporations

Credit Unions

Estate Planners

Financial Institutions

Fund Managers

Hard Money Lenders

Health Care Companies

Types of Clients

Hedge Funds

Industrial Concerns

Insurance Companies

Investment Banks

Media Companies

Mortgage Banks

Pension Funds

Pharmaceutical Companies

Portfolio Lenders

Private Equity Firms

Railroads

Real Estate Developers

Real Estate Investment Trusts

Real Estate Investors

Real Estate Owners

Real Estate Partnerships

Retail Companies

Solar Companies

Technology Companies

Telecommunication Companies

Transportation Companies

Trust & Estate Groups

Utility Companies

Warehouse Lenders

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For more information please contact us.

Contact us

Director

601 South Figueroa Street, Suite 2301

Los Angeles, CA 90017

213.233.1516

darmour@marshall-stevens.com

Darleen Armour

Director

125 South Wacker Drive, Suite 850

Chicago, IL 60606

312.223.8477, ext. 1920

ehollis@marshall-stevens.com

Erin D. Hollis, ASA, CDBV

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