BRADENTON, Fla. - Hilliard Lyons hired Grover Butch Canty as a public finance banker to further the firms expansion in Western Kentucky.
Canty has extensive experience in all school-related matters, including school finance, and will bolster services in the firms home state, according to Alexander Rorke, senior managing director of the municipal securities group.
Financial advisory work for K-12 school districts in Kentucky has been an important area for Hilliard Lyons, Rorke said. Because all areas of education have become more complex, having an industry veteran like Butch join us means we will be able to bring added experience to our clients, especially in Western Kentucky.
In addition to Kentucky, Rorke said Canty will assist the firm with expanding its footprint in the south.
Canty most recently worked for the Kentucky School Boards Association where he conducted searches for superintendents, performed facilities planning for school districts, and taught finance to school board members. He is also a former school superintendent for Ohio County, Ky.
Canty received his bachelors and masters degrees at Western Kentucky University.
Louisville-based Hilliard has hired a number of new public finance professionals over the past year as it expands its financial advisory business and broker-dealer division, J.J.B. Hilliard, W.L. Lyons LLC, in key states including Michigan and Ohio.
In Kentucky, Hilliard ranked second last year as financial advisor working on $460 million in 57 transactions. The firm ranked 14th as senior manager in 2012 working on 16 transactions.
On April 23, Hilliard, as financial advisor to the double-A rated Louisville Metropolitan Sewer District, assisted the districts pricing of a $230 million refunding that saw present value savings of $43.8 million or 16.75% of refunded par amount.