Richard Hitt is a Managing Director and the Practice Leader for the Transaction Advisory Services practice. With more than 20 years of experience in the financial services industry, Rick has led engagements involving some of the largest acquisitions to date in the banking, thrift, brokerage, insurance, and merchant processing sectors.
Rick’s experience includes the valuation of equity interests, intangible assets, and financial instruments. These valuations have been performed in connection with mergers, acquisitions, divestitures, employee stock ownership plans, litigation, tax and financial reporting purposes (including FASB ASC 350 and FASB ASC 805). In addition, he has advised numerous community banks on shareholder value issues. His financial advisory experience includes buy-side and sell-side advisory in banking, mortgage banking, insurance brokerage, and professional services firms.
Select engagement experience includes:
Rick is a frequent speaker to industry groups and has provided expert witness testimony on valuation issues in tax court, dissenting shareholders rights cases, and arbitration cases.