Hugh Rice

Hugh L. Rice

Senior Chairman, FMI Corporation

Executive Advisory Board

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Biography at a Glance

Hugh Rice joined FMI in 1972 and opened the Denver office in 1979. He created the firm’s Mergers & Acquisitions Group, now FMI Capital Advisors, Inc., which has completed more than 700 construction-industry acquisitions since inception. He served as chief executive officer and chairman of the firm until 2011. Hugh’s major consulting activities include ownership transition planning, merger/acquisition advice, and strategy development.

Because of his expertise and experience in dealing with strategy and ownership issues in the construction industry, Hugh is frequently asked to speak before groups of international scope. Over the past three decades, Hugh has made presentations to virtually every major construction-industry organization in the United States. He is on the board of directors or advisory board of several major construction firms.

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. In 2013 Hugh was given the James M. Maloney Service & Supply Lifetime Achievement Award from the Associated General Contractors of America. He currently serves on the Executive Advisory Board for the Daniels School of Business at The University of Denver and is the Chairman of the Board of Directors of Craig Hospital. Hugh is also on the Board of the Seabee Memorial Scholarship Association.

Education

  • MBA, University of North Carolina at Chapel Hill
  • BS, Electrical Engineering, Georgia Institute of Technology

Awards and Honors

  • Golden Beaver Award for Service and Supply in 2005
  • Elected to The National Academy of Construction in 2007
  • James M. Maloney Service & Supply Lifetime Achievement Award from the Associated General Contractors of America, 2013