Richard D. Hitt

Richard’s professional experience includes:

• Provided valuation support in BMO Financial Group’s acquisition of General Electric Capital Corporation’s Transportation Finance business.
• Provided valuation support in BMO Financial Group’s acquisition of the North American credit card portfolio of Diners Club.
• Provided valuation assistance to a $50 billion bank holding company, assisting the bank in assessing the value of a target mutual fund.
• Provided ASC 805 valuation assistance in the merger of two financial institutions with assets exceeding over $300 billion.
• Rendered a fairness opinion to the Special Committee of the Board of a specialty finance company.
• Valuation of the US operations of a major global insurance company for tax purposes.
• Provided valuation assistance to a $300 billion financial institution associated with its establishment of a joint venture with a top 10 brokerage house.
• Provided valuation assistance to a West Coast bank holding company, assisting the bank in evaluating the enterprise value of an acquired broker dealer subsidiary for purposes of evaluating its goodwill.
• Provided valuation assistance to a top-tier, diversified securities firm, assisting the company in valuing the private asset management division of a $75 billion East Coast bank.
• Provided valuation assistance to a small Midwest investment advisor to assist the company in establishing the value of its common stock for purposes of raising capital.
• Initiated, and advised a Midwest based bank holding company in the acquisition of seven branches of a super-regional bank. This transaction provided our client with entry into an adjacent market and increased its size by 50 percent.
• Initiated and advised a Southwest thrift in the acquisition of several bank branches. This transaction provided our client with entry into a new market.
• Advised a $3 billion bank holding company, located in the Pacific Northwest, in the sale of its merchant processing portfolio.
• Provided ASC 805 assistance to a top-10, US based insurance company related to their acquisition of a mutual insurance company.
• Rendered a fairness opinion to a Midwest life company as part of establishing a mutual holding company.
• Initiated and advised a level-A marketing research firm in the sale of the company to a global marketing research firm.
• Rendered a fairness opinion to a retail self-insurance fund related to an investment in a worker’s compensation insurance company.
• Advised a $2 billion Midwest bank holding company in the acquisition of a mortgage brokerage company.
• Provided ASC 350 valuation assistance to a publicly traded US based property and casualty company.
• Valuation of the US operations of a major global insurance company for tax purposes.
• Pricing analyses of target insurance agency performed on behalf of a bank holding company.
• Allocation of purchase price for tax and financial reporting purposes in connection with the acquisition of a property-casualty insurance company.
• Valuation of the assets of the US operations of a global reinsurance company for restructuring purposes.
• Pricing analyses of target acquisitions for a major insurance company.
• Valuation of limited partnership interests and preferred units in numerous engagements involving the formation and/or gifting of family limited partnerships.