Mary Warmus CPA, ASA, MBA, joined MichaelSilver in August 2023 as a Director in the Firm’s Business Valuation practice. Prior to joining the Firm, Mary was a Partner in a boutique turnaround consulting firm where she headed the valuation practice and participated in the Firm’s mergers and acquisition practice.

Mary has over 30 years of experience valuing closely held businesses and intellectual property for tax and strategic business planning purposes.  Her practice centers on the valuation of closely held businesses, their valuation of closely held equity and debt securities for transaction, litigation, business succession, restructuring, and transfer pricing purposes.

Mary was an adjunct professor at DePaul University teaching the tax valuations course in the Masters of Science in Taxation program.

Jennifer A. Barliant

Mary Warmus, CPA, ASA

Valuation Services Director

How she spends her time here


Expertise Industries Membership
  • Tax and Strategic Planning
  • Succession Strategies including Sale, Gifting, and Death Transfers
  • Mergers & Acquisitions
  • Shareholder Disputes
  • Business Litigation
  • Intellectual Property
  • Manufacturing and Distribution
  • IT Consulting
  • Printing Companies
  • Restaurants & Hospitality
  • Asset Holding Companies
  • Professional Service Organizations
  • Auto Dealerships
  • American Society of Appraisers
  • American Institute of Certified Public Accountants
  • Association for Corporate Growth
  • Chicago Estate Planning Council
  • Illinois CPA Society

How she got here

Master of Business Administration in Finance, Loyola University
Bachelor of Science in Accountancy, DePaul University

How she approaches her work

“As part of a client service team, I work closely with my clients, their advisors, and members of the Michael Silver Service team to develop reasonable and defensible conclusions of value and recommendations for structuring as it relates to complex planning, sale, and/or litigation. Most of my clients are in the lower middle market, generally with revenues in the $10M to $250M range. Most are first and second generation businesses that are considering business succession alternatives involving, gifting, and sale. All are closely held business who may or may not have put a price tag on their business before, probably have grown their businesses organically and not through acquisition, and/or may have received an unsolicited offer or are contemplating the sale of their business to a financial or strategic acquirer. Our work is important. The price tag we put on the business is based on our analysis of both quantitative and qualitative data that measures our clients’ financial, competitive, operational, and managerial attributes. Our job is to provide our client with the tools to make rational strategic decisions for their continuity and/or business succession. It is a collaborative process between the client and his/her advisors and it is a privilege to be a part of this process.”


“I enjoy going to the beach, riding my bike, and spending time with my family, friends, and my puppy dogs.”

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