About First State Valuation Service

Who We Are

First State Valuation Service (FSVS) is a valuation firm that specializes in the valuation of businesses and business interests. It is owned and operated by Phil Reynolds. Phil has been valuing businesses and business interests for twenty years. During that time, he has valued hundreds of such interests worth well over a billion dollars. He has valued operating companies involved in manufacturing, distribution, retail, health care, computer services, hotel and food service, professional services, and many other industries. He has valued both real estate holding companies and investment holding companies.

Phil has valued companies in many different states, including California, Delaware, Georgia, Maryland, Mississippi, Missouri, New York, North Carolina, Pennsylvania, and Virginia, and in the District of Columbia. 

He has valued businesses for many different purposes, including estate and gift tax planning and reporting, divorce and other litigation, employee stock ownership plans (ESOPs), transactions, shareholder disputes, buy-sell agreements, bankruptcy, and litigation support.

Prior Assignments

  • A chain of restaurants
  • A recording company
  • A pathology practice
  • A real estate holding company
  • A chain of retail stores
  • An architectural firm
  • A manufacturing company
  • A distributor of construction materials
  • An investment holding company
  • And many, many other companies

 Phil is both a certified public accountant (CPA) and an accredited senior appraiser (ASA) in business valuation. He is a member of the American Institute of Certified Public Accountants (AICPA), the Delaware Society of Certified Public Accountants (DSCPA), and the American Society of Appraisers (ASA).

First State Valuation Service
418 Tamara Circle, Newark, DE 19711
(302) 757–5407

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