Empire Valuation Consultants

What Empire Valuation Consultants does

Empire Valuation Consultants is a privately held, 100% employee-owned business valuation consulting firm founded in 1988 and headquartered in New York, with additional offices in Boston, Rochester, and San Francisco serving clients across all 50 states. The firm operates a single unified practice organized around seven core service lines: Estate & Gift Tax Reporting, ESOP Advisory, Financial Opinions, Litigation Support, Portfolio Valuations, Real Estate Valuations, and Transaction Advisory. Its professional bench comprises approximately 100 credentialed staff holding ASA, CPA, CFA, and ABV designations, with senior managing directors carrying 20–35+ years of experience and active leadership roles in industry bodies such as the ASA, AICPA, TEA, NCEO, and The Appraisal Foundation.

The firm generates revenue exclusively through professional services fees on a quote-based, engagement-by-engagement pricing model, with no technology products, software offerings, or AI/ML-native capabilities disclosed. Its go-to-market is sales-led and relationship-driven: client acquisition flows through referrals from attorneys, accountants, estate and insurance planners, bankers, and financial professionals, supplemented by thought-leadership content via its Learning Center and sponsorship of industry conferences. Customer segments are deliberately horizontal — spanning estate planning professionals, CPAs, ESOP trustees, alternative asset managers (private equity, private credit, hedge funds, family offices), public and private corporates, and litigation counsel — which produces a long-tail, project-driven revenue profile rather than concentrated enterprise contracts.

Empire's competitive positioning rests on regulatory defensibility (35+ years of practice before the IRS, SEC, and in court), senior-led engagement quality, and category-leading brand recognition (three consecutive "Valuation Firm of the Year" awards in 2022, 2023, and 2024). The 100% ESOP ownership structure functions as both a talent-retention mechanism and a signal of independence to clients, while the firm's ~45,000 cumulative engagements and ~$100M–$1T+ AUM served by its portfolio valuation clients establish substantial operating scale within its niche.

Name

Empire Valuation Consultants

Legal name

Empire Valuation Consultants, LLC

Website

https://empireval.com

Company type

Private

Founded year

1988

Operating status

Operating

Headcount range

101–250 employees

Short description

Empire Valuation Consultants is a 100% employee-owned, US-based business valuation consulting firm with ~100 staff across four offices, serving attorneys, CPAs, ESOP trustees, alternative asset managers, and corporates with defensible valuation, advisory, and litigation support services.

Ownership category

akta.pro rank

Product category

Business Valuation Services

NAICS

Management Consulting Services (54161), Offices of Real Estate Appraisers (53132)

SIC

Investment Advice (6282)

akta.pro primary industry

Business Valuation (Private Companies & Equity Interests) (BPAHANAA)

akta.pro secondary industries

Portfolio Valuation (PE/VC funds, LP reporting) (FSAEAHAH), ESOP & Equity Compensation Valuation (ESOP, options, warrants) (FSAEAHAN), Intangible Asset Valuation (IP, Brand, Customer, Technology) (BPAHANAB), Real Estate Valuation & Appraisal (BPAHANAC)

Keywords

• Business valuation services
• ESOP advisory
• Financial opinions
• Litigation support valuation
• Portfolio valuations

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales

Revenue model

1. Valuation Consulting Services: Professional fee-based services for business valuations including estate and gift tax reporting, ESOP advisory, financial opinions, litigation support, portfolio valuations, real estate valuations, and transaction advisory. Revenue is generated through consulting fees for valuation engagements.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

Empire Valuation Consultants is an independent business valuation consulting firm delivering expert valuations for estate and gift tax reporting, ESOP advisory, financial opinions, litigation support, portfolio valuations, real estate valuations, and transaction advisory. With approximately 100 professionals across offices in New York, Boston, Rochester, and San Francisco, the firm provides defensible valuation opinions that withstand IRS, SEC, and legal scrutiny. Valuation is the firm's sole business, and engagements are staffed with senior-level professionals holding ASA, CPA, CFA, and ABV credentials.

Product overview

Empire Valuation Consultants is a professional valuation consulting firm offering a comprehensive suite of business valuation services. The firm operates as a single unified practice organized around seven core service offerings: Estate & Gift Tax Reporting (valuation of business interests for tax compliance), ESOP Advisory (employee ownership plan transactions and valuations), Financial Opinions (fairness and solvency opinions), Litigation Support (expert witness and forensic accounting), Portfolio Valuations (alternative asset valuations for fund managers), Real Estate Valuations (commercial and residential property appraisals), and Transaction Advisory (M&A valuation and financial reporting). These services are delivered by approximately 100 valuation professionals across offices in New York, Boston, Rochester, and San Francisco.

Differentiator

Problem solved

Functional benefit

Products and services

• Estate & Gift Tax Reporting Comprehensive business valuation services for estate and gift tax reporting purposes, including valuation of closely held business interests, partnership interests, and intellectual property, delivered to attorneys, estate planners, accountants, and high-net-worth families needing IRS-defensible valuations.
• ESOP Advisory Employee Stock Ownership Plan advisory services for ESOP companies, trustees, and selling shareholders, including buy-side and sell-side financial advisory, feasibility studies, annual valuations, and expert witness services for ESOP-related litigation.
• Financial Opinions Independent fairness opinions and solvency opinions issued to boards of directors, transaction committees, and lenders requiring objective analysis to support strategic financial decisions during M&A and other corporate transactions.
• Litigation Support Forensic accounting and expert business valuation services for litigation matters, covering economic damages, shareholder disputes, intellectual property infringement, matrimonial cases, and commercial litigation, delivered to attorneys requiring expert testimony.
• Portfolio Valuations Valuation services for alternative investments including private equity, private credit, and hedge fund portfolio assets, delivered to alternative asset managers for financial reporting under ASC Topic 820 and tax planning purposes, with quarterly valuation cycles.
• Real Estate Valuations Independent real estate valuation services including market studies, purchase price allocations, fair value measurements, and USPAP-compliant appraisals for commercial and residential property, delivered to corporations, financial institutions, and legal professionals.
• Transaction Advisory Valuation services for financial reporting purposes including purchase price allocations, earn-out valuations, option grant valuations, goodwill impairment testing, and transaction-related advisory services, delivered to corporate clients undergoing M&A and other strategic transactions.

Quantifiable outcome

• 45,000+ valuations and assurance engagements completed over 38-year history
• +2 more outcomes

Named customers4 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core and minor.

• TEA NationalcoreOthersAffiliation with The ESOP Association (TEA) National organization, supporting the ESOP community and staying at the forefront of employee ownership developments.
• NCEO (National Center for Employee Ownership)coreOthersAffiliation with NCEO, the leading national organization dedicated to employee ownership, supporting education and advocacy for ESOPs.
• Certified Employee OwnedminorOthersFirm is certified as employee owned through this certification program.
• American Society of Appraisers (ASA)coreOthersProfessional affiliation with ASA - the firm chairs the annual fair value conference for ASA and professionals hold ASA designations.
• American Institute of Certified Public Accountants (AICPA)coreOthersProfessional affiliation with AICPA, with firm professionals holding ABV credentials.
• Financial Executives International (FEI)minorOthersProfessional affiliation with FEI for financial executive networking and education.
• The Appraisal FoundationcoreOthersProfessional affiliation with The Appraisal Foundation, with team members serving as subject matter experts providing best practices.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Stout: Stout is a global advisory firm with a substantial valuation practice spanning business valuation, ESOPs, dispute consulting, and real estate appraisals. It is one of the most direct competitors to Empire in independent business valuation for tax, transaction, and litigation matters, with a comparable multi-office, senior-led delivery model.
• Withum Valuation Services: Withum's Valuation Services practice serves ESOPs, private companies, and family offices with business valuation, equity-based compensation, and transaction support. It is a closely comparable mid-sized peer to Empire with strong ESOP and middle-market focus.
• CBIZ Valuation Group: CBIZ Valuation Group is a dedicated business and intangible asset valuation practice serving closely held companies, ESOPs, and public accounting firm clients. It is a close direct peer to Empire in private company valuation, ESOP advisory, and tax-related valuation, with similar size and target client profile.
• Marks Paneth (SOM): Marks Paneth's valuation and litigation support practice (now part of SOM) provides business and intangible asset valuations for closely held companies, ESOPs, and litigation matters in the Northeast. It is a closely comparable regional peer to Empire with overlapping estate/gift tax and ESOP practices.
• Elliott Davis Valuation Services: Elliott Davis offers a dedicated valuation practice covering business, intangible, and equity-based valuations for tax, transaction, and ESOP purposes. It is a direct peer to Empire in serving middle-market companies, ESOP trustees, and professional advisors across the Southeast and nationally.

Broad incumbents

• Alvarez & Marsal: Alvarez & Marsal's Valuation Services practice provides business, intangible asset, and complex securities valuation, frequently engaged in restructuring and dispute contexts. It competes with Empire on transaction, dispute, and portfolio valuation work, particularly for distressed and complex situations.
• Houlihan Lokey: Houlihan Lokey is a global investment bank with a large Financial Advisory valuation practice covering portfolio, transaction, and tax-related valuations. It competes with Empire on portfolio valuations for alt asset managers and on fairness opinions in M&A, but with deeper capital markets and restructuring adjacencies.
• RSM US Valuation Services: RSM US's Valuation Services practice delivers business valuations, intangible asset valuations, and ESOP services to middle-market companies and their advisors. It competes with Empire for tax, transaction, and ESOP-related valuation mandates within the middle market, with the backing of a top-10 accounting platform.
• BDO USA Valuation & Business Analytics: BDO USA's valuation practice provides business, intangible, and equity-based valuations for middle-market M&A, financial reporting, and tax purposes. It overlaps with Empire on transaction advisory and ESOP-related work, with similar middle-market orientation and global backing.
• Kroll (formerly Duff & Phelps): Kroll is a global independent financial advisory and valuation firm with one of the largest dedicated business valuation practices serving PE, hedge fund, and corporate clients. It directly overlaps with Empire across portfolio valuation, transaction opinions, and tax/estate valuation, but at materially greater scale and with broader risk advisory and business services.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/empirevaluation
• Facebookfacebook.com/empirevaluation
• LinkedInlinkedin.com/company/empire-valuation-consultants

Revenue estimate

Valuation estimate

Number of profiles

Profiles21 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Empire Valuation Consultants