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Hugh Rice

Senior Chairman (Retired)

Hugh Rice

Industry

  • Building, Industrial, & Civil Contractors and Engineers

Specialization

  • Mergers & Acquisitions
  • Ownership Transition
  • Valuation
  • Strategy Development

Education

  • MBA, University of North Carolina
  • BS in Electrical Engineering, Georgia Tech University

Hugh spent his entire career at FMI Corporation, joining in 1972 and officially going off the payroll in 2020. He opened the Denver office in 1979, started the Investment Banking business until in 1981, and served as Chairman until 2011. He started his own business in 2020, Canaan Place Ventures, LLC, and is on the Board of Directors for several construction industry firms. He serves as an advisor to a few long-time clients, and maintains an affiliation with FMI.

Hugh holds a bachelor of science degree in electrical engineering from the Georgia Institute of Technology and a master of business administration degree from the University of North Carolina at Chapel Hill. He has been active in many organizations over the years, including the Institute of Management Consultants, Construction Financial Management Association, Associated General Contractors of America, The Moles (past Trustee) and The Beavers (past Director). He was awarded the Golden Beaver Award for Service and Supply in 2005 and elected to The National Academy of Construction in 2007 (President for 2017-18). In 2013 Hugh was given the James M. Maloney Service & Supply Lifetime Achievement Award from the Associated General Contractors of America. He is a past member of the Executive Advisory Board for the Daniels School of Business at The University of Denver and a past member of the Board of Directors of Craig Hospital (Chairman for 2016-17). Hugh, a trustee of the National Western Stock Show Association, and an advisor to Bridges to Prosperity.

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