Alvarez & Marsal Holdings, established in 1983, began when Tony Alvarez II and Bryan Marsal created a professional services firm focused on turnaround management. The company initially served clients needing restructuring and operational improvements. Over the decades, it expanded its offerings to include transaction advisory, disputes and investigations, and tax advisory services. The firm operates across multiple sectors including healthcare, energy, and financial services. Its global presence spans several continents, providing advisory services to corporations, private equity firms, and government agencies facing complex business challenges.