Anthony Festa - Cushman & Wakefield
Anthony Festa

Anthony Festa

Director

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  • Location

    One Meadowlands Plaza
    7th Floor
    East Rutherford, NJ 07073
    United States

  • Mobile

    201-803-0702

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Profile

Anthony Festa is a Director with Cushman & Wakefield’s Valuation & Advisory practice, specializing in the valuation of machinery and equipment.

Since 1997, Mr. Festa has performed valuations of machinery and equipment for multiple financial statement and tax reporting purposes. These include Accounting Standards Code (ASC) 805 (formerly SFAS 141R), ASC 350 (SFAS 142), and ASC 360 (SFAS 144), as well as Internal Revenue Code Sections 861, 382, and 704(c). In addition, he also has experience performing valuations for internal management planning and consulting purposes as they relate to leasing and structured finance, property tax, litigations, bankruptcies and reorganizations such as fresh-start accounting and C to S corporation conversions, asset-based lending and insurable replacement cost studies.

Mr. Festa has valued machinery and equipment in numerous industries including, but not limited to: automotive, mining and milling, pulp and paper, semiconductor, aerospace and defense, textiles, broadcast and communications, chemicals, infrastructure, entertainment, food production, health care, hospitality, pharmaceutical, restaurants, telecommunications and financial services. His experiences in valuing machinery and equipment have taken him to over 40 U.S. states, as well as over 15 countries spanning across Western Europe, the Caribbean, Mexico, and Brazil.

Prior to joining A&M, Mr. Festa spent about six years with the valuation practice of Alvarez & Marsal, where he most recently served as a Senior Director in New York. There, he was responsible for conducting and overseeing the execution, and performing technical reviews of, all machinery and equipment valuation assignments in the region and the Midwest, as well as assisting in all regional and certain nationwide go-to-market activities. Before joining Alvarez and Marsal, he spent over seven years with the machinery and equipment valuation groups of both American Appraisal Associates and Ernst & Young’s Capital Equipment Group located in New York City.

Awards & Associations

  • Accredited Senior Appraiser – Machinery & Technical Specialties, American Society of Appraisers (ASA #37201) 
  • Past Officer of the New York City chapter of the American Society of Appraisers (2008 to 2010, and Past President of the chapter (2010-2011) 
  • Bachelor of Science – Accounting, Rutgers University – School of Management, 1997

 

Publications & Speeches

  • Valuing Specific Assets in Divorce, contributing author, first published by Aspen Publishers in 2000, updated in 2009 and 2013
  • Valuation Strategies in Divorce, fourth edition (contributing author), Aspen Publishers, 2009
  • December 2007, co-presenter in Greensboro, North Carolina to the North Carolina Department of Revenue on the “Valuation of Idle Equipment”
  • February & March 2016, presenter in Washington, DC and Augusta, Georgia to the National Association of Regulated Utilities Commissioners on the “Valuation of Water Utilities”
  • August 2016 and 2018, presenter in Denver, Colorado and Washington DC, respectively, to the Water Finance Conference on the “Valuation of Water Utilities”
  • July 2018, co-presenter in Toronto, Canada to the American Society of Civil Engineers on the “Valuation of Water Utilities”
  • Podcast interview via Soundcloud – Assessing and Valuing Water Systems
  • ASA NYC chapter presentations including “M&E Valuation Concepts under ASC 360,” and “M&E Financial Reporting Audit Issues”