Coalesce Capital Announced Majority Investment in Marshall & Stevens

In The News
January 7, 2026

Ropes & Gray represented Coalesce Capital, a private equity firm focused on investing in human capital-driven and technology-enabled services companies, in a majority recapitalization of Marshall & Stevens Inc., a leading independent valuation advisory, litigation support, and transaction advisory firm. The transaction closed in December 2025 and was announced in a Jan. 6 press release.

Coalesce Capital is a private equity firm with over $1.6 billion of regulatory assets under management and is dedicated to investing in human capital-driven and technology-enabled services companies.

The Ropes & Gray team included private equity partner Adam Leamon, finance partner Michael Lee, tax partner Scott Pinarchick, executive compensation & employee benefits partner Allie Alperovich, data, privacy & cybersecurity partner Edward McNicholas, real estate partner David Kaye, litigation & enforcement partner Katy Caldwell, antitrust partner Deidre Johnson, strategic transactions counsel Thomas Burke and employment counsel Jenny Cooper.