Marshall & Stevens Buys Baumann Moreau to Grow Florida Litigation Support

Marshall & Stevens has acquired Tampa-based Baumann Moreau, adding forensic accounting, business valuation and expert witness capabilities to its litigation support practice and extending its footprint in a Florida market it has explicitly targeted for growth.

The deal terms weren't disclosed. What's on the record is the strategic logic: a 92-year-old valuation advisory firm buying a 17-year-old litigation specialist to cross-sell services to a wider base of dispute-driven clients.

What does the acquisition actually add?

Baumann Moreau, founded in 2007, serves clients involved in civil, commercial and family litigation. Its work combines financial analysis with expert testimony and business valuation services across multiple industries. That mix slots directly into Marshall & Stevens' litigation support line, which handles financial questions arising in transactions, disputes and other complex business situations.

The transaction also brings client relationships and referral channels to the buyer. Marshall & Stevens said it intends to develop opportunities across complementary valuation services — meaning the acquired team's litigation relationships now connect to a broader platform spanning valuation advisory and transaction consulting.

CEO Nishen Radia framed litigation support as a practice that pulls directly from the firm's core strength. "Litigation support is a strategically important practice for Marshall & Stevens, showcasing our expertise-led value proposition and leveraging our valuation capabilities across our platform," Radia said. "The acquisition of Baumann Moreau solidifies our presence in an attractive market, and we are excited to partner with Paul, Leslie, and rest of the Baumann Moreau team."

In plain terms: the deal buys both a team with experience in technically complex financial matters and a stronger position in Florida.

Why the founders sold

Baumann Moreau founders Paul Baumann and Leslie Moreau said the combination gives them access to more resources and room to broaden what they can offer clients. Their quote runs long but the substance is scale.

"We are excited for this new chapter with Marshall & Stevens, which furthers our commitment to helping clients navigate highly complex situations with clarity and confidence," the founders said. "We believe that there is significant untapped potential with Marshall & Stevens to expand our respective breadth and depth of capabilities. We are excited for this new chapter, which will give us access to a broader range of resources to support clients as their needs evolve and create new opportunities for our team."

The acquired practice now sits inside a larger advisory organization serving businesses across energy and infrastructure, healthcare, manufacturing, financial services and real estate. That's a considerably wider demand base than a two-founder litigation boutique.

Who's behind the buyer

Marshall & Stevens, founded in 1932, provides valuation advisory, transaction consulting and litigation support. It's a portfolio company of Coalesce Capital, a private equity investor focused on human capital-driven and technology-enabled services businesses.

Coalesce brings more than $1.8 billion in regulatory assets under management and works with management teams on growth and operational development. That matters for the deal's context: this is a PE-backed platform making a bolt-on acquisition in a professional services niche where litigation-driven valuation work is recurring and expertise-dependent.

The takeaway is simple. Marshall & Stevens extends both its geographic reach and its ability to support disputes requiring financial expertise — and with Coalesce Capital's backing, the Baumann Moreau deal is unlikely to be its last move in that direction.