Private equity firm Coalesce Capital is now a majority investor in the leading downtown-based valuation and appraisal advisory firm, Marshall & Stevens Inc. 

Financial terms of the deal, closed in December, were not disclosed. 

New York-based Coalesce, which manages more than $1.6 billion in regulatory assets, invests in human capital-driven services companies. The firm will support growth at Marshall & Stevens, which has provided independent valuations, transaction opinions and dispute resolution services to publicly traded and privately held clients since 1932. 

The financial advisory services market has expanded with demand from companies navigating financial, regulatory and transactional challenges, said Stephanie Geveda, Coalesce founder and managing partner, in a statement.

“This aligns squarely with our longstanding investment thesis that valuation advisory services have become non-discretionary through changing economic environments,” Geveda said. 

Building on its foundation

With Coalesce as a partner, Marshall & Stevens plans to build on the full-service platform it created, bolstered by a portfolio of nine acquisitions since 2023. The private equity firm said it will invest in the adviser’s talent, technology and acquisitions.

“Coalesce’s transformational capabilities demonstrate the power of this strategy to build market-leading platforms in professional services,” said Mark Santarsiero, president and chief executive of Marshall & Stevens, in a statement.

The downtown company is a “natural platform for consolidation” in valuation advisory, said Jon Gurss, partner at Coalesce Capital, owing to its differentiated expertise.