Valuation Research

What Valuation Research does

Valuation Research Global (VRG), founded in 1995, is a private, federated network of independent valuation and advisory member firms operating across approximately 50 offices in continental Europe, the UK, Australia, Asia, Africa, and North, South, and Central America, collectively employing nearly 1,500 professionals. The U.S. member, Valuation Research Corporation (VRC), headquartered in Milwaukee, WI with additional offices in New York, San Francisco, Norwood, Yardley, and elsewhere, is the network's anchor and has approximately 250 U.S.-based professionals. VRG delivers independent opinions of value for business enterprises, intangible assets (including brands, IP, and customer relationships), real estate, and personal property, supporting financial reporting under U.S. GAAP and IFRS, tax and transfer pricing, M&A transactions, litigation and arbitration, IPO readiness, and ESG advisory.

The underlying technology stack is built on established valuation methodologies — income approach, market approach, and cost approach — combined with sector-, jurisdiction-, and asset-class-specific expertise delivered by credentialed professionals (CFA, ASA, CVA, ICVS, CM&AA). Service lines are organized into Financial Reporting Valuations, Advisory Services, Specialized Valuation, Valuations for Taxation, and Litigation Support, with adjacent capabilities in Brand Valuation, IP and Intangible Assets, M&A, Fairness & Solvency Opinions, Transfer Pricing, Portfolio Valuations, Tangible Assets, ESG, IPO Readiness, and Goodwill Impairment Testing. There is no public-facing API, no proprietary software product, and no disclosed AI/ML component.

VRG's revenue model is professional-fee-based and project-driven, with engagements quoted on scope and complexity rather than published pricing. The go-to-motion is enterprise field sales conducted through local member firms under a single point of contact, targeting multinational corporations, corporate and legal clients, IP owners, and high-net-worth individuals. Member firm economics are shared within the network; the firm has no outside institutional investors, no parent company, and no public listing.

Name

Valuation Research

Legal name

Valuation Research Global

Website

https://vrg.net

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Valuation Research Global (VRG) is a private, federated network of independent valuation and advisory member firms, founded in 1995, employing nearly 1,500 professionals across ~50 offices in 100+ countries. It serves multinational corporations, legal clients, and IP owners with independent valuation opinions for financial reporting, tax, M&A, litigation, and ESG.

Ownership category

akta.pro rank

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices10 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Valuation Services: Professional fee-based valuation services for financial reporting, tax reporting, M&A transactions, litigation support, and regulatory compliance. Revenue generated through project-based engagements for corporate clients.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels5 records

Core offering

VRG provides independent valuation and advisory services for business enterprises, intangible assets, real estate, and personal property. Engagements support financial reporting (U.S. GAAP and IFRS), tax compliance, mergers and acquisitions, transfer pricing, and litigation. Services are delivered by a global network of member firms, with nearly 1,500 professionals operating from nearly 50 offices across six continents.

Product overview

Valuation Research Global (VRG) is a full-service, independent, global valuation and advisory services group formed in 1995, operating as a network of member firms. The company provides a comprehensive portfolio of valuation services organized around core offerings including Financial Reporting Valuations, Advisory Services, Specialized Valuation Services, Valuations for Taxation, and Litigation Support. The specialized services include Brand Valuation, Intellectual Property & Intangible Assets valuation, Mergers & Acquisitions Valuations, Fairness & Solvency Opinions, Global Tax Valuations, Transfer Pricing Services, Portfolio Valuations, Tangible Assets Valuation, ESG Valuation Services, IPO Readiness & Equity Compensation, and Goodwill Impairment Testing. The organization serves multinational clients through nearly 1,500 professionals across offices spanning six continents, providing local expertise while maintaining global standards.

Differentiator

Problem solved

Functional benefit

Products and services

• Valuations for Financial Reporting Valuations to support evolving financial reporting standards including purchase price allocation, goodwill impairment testing, and business combinations under U.S. GAAP and IFRS, provided to multinational corporations.
• Advisory Services Multidisciplinary expertise bringing clarity to complex situations, strategic decisions, disputes, and litigation matters for corporate clients.
• Specialized Services Dedicated expertise for industry-, sector-, project-, and geographic-focused engagements requiring specialized valuation knowledge for complex client matters.
• Valuations for Taxation Multinational tax consulting, planning, restructuring, and reporting support for non-U.S. legal entities, foreign and IP holding companies, and other operating entities.
• Litigation Support Expert valuation support for legal disputes, arbitration, business damages, shareholder disputes, and other litigation matters, delivered by VRG's Litigation Practice Group.
• Brand Valuation Valuation of brand assets using cost, market, and income approaches including royalty relief methodology for financial reporting, tax, transfer pricing, and M&A purposes.
• Intellectual Property & Other Intangible Assets Valuation of patents, trade secrets, customer relationships, and other intangible assets for financial reporting, tax, and transaction purposes.
• Mergers & Acquisitions Valuations Independent valuation analysis and advisory support for M&A transactions, including pre-acquisition analysis and post-acquisition purchase price allocation.
• Fairness & Solvency Opinions Independent opinions on fairness of transaction terms and solvency certifications for boards, special committees, and stakeholders.
• Global Tax Valuations International tax valuation services including transfer pricing, foreign tax credit planning, and cross-border IP valuations.
• Transfer Pricing Services Valuation support for transfer pricing under Section 482 and OECD guidelines, including arm's length royalty rate analysis.
• Portfolio Valuations Valuation of alternative investments including hedge funds, private equity, venture capital, and hard-to-value Level 3 assets.
• Tangible Assets Valuation Real estate, machinery & equipment, and fixed asset valuations for financial reporting, tax, and transaction purposes.
• ESG Valuation Services Environmental, Social, and Governance (ESG) related valuations and sustainability advisory, including energy audits and environmental due diligence.
• IPO Readiness & Equity Compensation Valuation services for IPO preparation and equity compensation, including stock option plans and Section 409A valuations.
• Goodwill Impairment Testing Impairment testing for goodwill and intangible assets under ASC 350 and IAS 36 for financial reporting compliance.

Quantifiable outcome

• Served clients in more than 100 countries
• +1 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered core.

• The Valuator GroupcoreOthers · 2 June 2026South Africa-based valuation firm joins the VRG global network as a member firm, extending VRG's presence in Africa and providing local valuation expertise to multinational clients.
• FinexsicoreOthers · 12 May 2026France-based valuation firm joins VRG network, extending support to broader international clientele and strengthening VRG's European presence.
• Denge DeğerlemecoreOthers · 26 November 2025Leading independent valuation firm in Turkey joins VRG global group, expanding VRG's footprint in the Turkish market.
• Valuation Consulting (UK)coreOthersUK-based member firm providing business and intangible asset valuation services. Offers brand, expert, attestation, and tech valuation services. Offices in UK and Jersey with 50+ worldwide VRG offices.
• Leadenhall (Australia)coreOthersAustralian independent valuation firm serving clients from wide range of industries. Serves ASX top 50 public companies, government business, and multinationals. Locations in Sydney and Adelaide.
• Gesvalt (Spain)coreOthersSpain-based member firm with over 20 years of experience in brand and intangible asset valuation. Specializes in ESG, energy audits, environmental due diligence, and real estate valuation.
• Peter Ott & Associates (Canada)coreOthersCanada-based member firm specializing in business enterprise valuation, shareholder interests, intangible assets, fairness opinions, and financial reporting and taxation valuations.
• RBSA Advisors LLP (India)coreOthersIndia-based member firm led by Rajeev R. Shah, specializing in M&A, financial valuations, due diligence, and fundraising advisory. Located in Mumbai.

Scale indicators5 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Cherry Bekaert: Cherry Bekaert is a U.S. accounting and advisory firm with a dedicated valuation practice serving private equity, corporate, and HNW clients. It competes with VRG's U.S. member firm (VRC) on business valuations, equity compensation, and financial reporting engagements.
• Stout: Stout is a global advisory firm specializing in valuation, financial opinions, and disputes. It mirrors VRG's franchise in business and intangible asset valuations, fairness opinions, and litigation support, serving middle-market and large corporate clients across multiple geographies.
• Kroll (formerly Duff & Phelps): Kroll is a global advisory firm offering independent valuation, expert testimony, and restructuring services. Like VRG, it serves multinational corporates, financial sponsors, and legal counsel on cross-border M&A, financial reporting, tax, and litigation matters — making it the closest direct competitor in the specialist valuation space.
• Alvarez & Marsal: Alvarez & Marsal is a global professional services firm with a strong valuation, disputes, and restructuring practice. It competes with VRG on independent business valuations, fairness opinions, and complex cross-border engagements for distressed and transition scenarios.
• CBIZ Valuation Group: CBIZ provides business valuation and financial advisory services for financial reporting, tax, M&A, and litigation purposes. Like VRG, it staffs credentialed valuation professionals (ASA, ABV, CVA) and competes for the same U.S. middle-market and corporate finance mandates.

Broad incumbents

• RSM US: RSM is a global network of audit, tax, and consulting firms with a dedicated valuation practice. It competes with VRG for middle-market financial reporting valuations, ESOP valuations, and transaction-related fairness opinions across the U.S., U.K., and other countries.
• BDO USA: BDO is a global accounting and advisory network with a significant valuation practice serving middle-market and large clients. Its valuation teams compete with VRG on purchase price allocations, impairment testing, and intangible asset valuations, often cross-referenced through BDO's international member firms.
• Grant Thornton Advisors: Grant Thornton is a global audit and advisory network with a valuation practice serving corporate, private equity, and legal clients. Its transaction advisory services compete with VRG on business and intangible asset valuations.
• Houlihan Lokey: Houlihan Lokey is a global investment bank with a leading independent valuation and financial advisory practice. While broader in scope (including M&A advisory and capital markets), its valuation opinions and fairness opinion franchise directly overlap VRG's transaction-related services.

Emerging players

• Ankura: Ankura is a global advisory firm with valuation, expert testimony, and disputes capabilities. As a specialist competitor built through M&A, it overlaps VRG on litigation valuation, solvency opinions, and complex cross-border mandates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/valuation-research-group

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries7 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 Valuation Research