Rushton (Rush) Rice

Picture of Rushton (Rush) Rice
Picture of Rushton (Rush) Rice

(334) 262-1035 office

(334) 652-3583 mobile

rush@riceadvisory.com

Rush Rice, President of Rice Advisory, is a municipal investment banker with more than 40 years of experience. In his career, he has been responsible (as senior manager or financial advisor) for more than 550 closed financings totaling over $14 billion in par amount. These have included tax-exempt and taxable bond issues, bank financing packages, tender offers, mergers, acquisitions and equity syndications. In his career Rice has served a very diverse array of clients, including private sector clients from multiple industries, state government and related issuing authorities, cities, counties, universities, utility systems, school boards and many others. Since 2014, Rice has served as financial advisor on 15 State of Alabama financings totaling almost $3.3 billion in par amount.

Over the years Rice has developed a nationwide practice serving the solid waste industry. He has been the primary banker or financial advisor on 62 solid waste transactions totaling $988 million and has completed solid waste financings in 18 states. His clients have included public companies such as Waste Management, Waste Connections and WCA Waste Corporation, plus numerous privately held corporations and municipalities. He has served as a consultant and advisor for a number of solid waste investors, from major institutional investors such as Nuveen Asset Management and Oppenheimer Funds to smaller institutions, banks, corporate trust operations and high-net worth individuals.

Rice's knowledge and experience as a public finance banker, combined with his understanding of the solid waste industry (developed not only as a financier but as an owner and operator of waste companies) have enabled him to be a valued adviser to municipal governments confronting challenges in the waste sector.

Rice co-founded a number of businesses in the solid waste, telecommunications and real estate sectors, serving as CFO and completing equity syndications in each instance. Prior to entering the investment banking business, he spent five years working as a commercial lender for two Alabama-based commercial banks.

Rice is a 1984 graduate of the University of Alabama. He holds the Series 54 license (Registered Municipal Advisor Principal), Series 50 license (Registered Independent Municipal Advisor) and previously earned professional licenses consisting of Series 7, 24, 53 and 63 (inactive).

Rice serves as Chairman of the board of directors of the Old Cloverdale Community Foundation, a nonprofit dedicated to the preservation of neighborhoods in Midtown Montgomery. He was president of the Montgomery Country Club from 2022 to 2024.

He’ll get your deal done, but he’d rather be fishing or playing golf.

Rush Rice smiling on boat holding a large fish he caught.

Only out of the water long enough to get his picture taken.

Selected transactions:

Official document from the City of Troy, Alabama, dated June 30, 2026, about a bond issuance of $7,650,000 for general obligation/utility warrants, with details about refinancing city debt, featuring the City of Troy's emblem and Rice Advisory LLC logo.
A document titled 'City of Troy, Alabama General Obligation Warrants Series 2025' with a date of August 21, 2025, and a monetary amount of $28,535,000. The document features the city logo with the slogan 'A Wonderful Place to Live,' the city seal, and information about refinancing the city's debt and funding public safety projects, prepared by Rice Advisory LLC.
Official document from the City of Chelsea, Alabama, dated June 17, 2025, approving a $20 million Tax Abatement Incentive Program for a commercial development project on US 280, with Rice Advisory LLC serving as the financial advisor.
Document with MVM logo, date December 5, 2024, and details about a $47,050,000 bonds issuance for landfill project funded in Walton County, Florida, with Rice Advisory LLC logo at the bottom.
Official certificate from the City of Tuscaloosa dated May 7, 2024, indicating a $65,100,000 tax abatement incentive for the Encore Tuscaloosa LLC project, approved by the city council, related to redeveloping the McFarland Mall property, with Rice Advisory LLC as the financial advisor.
Document cover page for a financial bond issuance by the Solid Waste Disposal Authority of the Cities of Muscle Shoals, Sheffield, and Tuscumbia, Alabama, dated October 12, 2023, with logos of Muscle Shoals and Tuscumbia and the Rice Advisory logo at the bottom.
Official document from Madison, Alabama, dated December 28, 2022, regarding a $77,670,000 general obligation economic development warrants series 2022, related to highway improvements and municipal debt refinancing, with a logo for Rice Advisory LLC.
Document related to a bond issue for Golden Boy Nut Corporation project, dated April 13, 2021, with logos for Golden Boy and Peter Pan at the top, and Rice Advisory LLC at the bottom.
Cover page of a financial document for Birmingham-Jefferson Civic Center Authority, dated August 7, 2018, about revenue bonds series 2018-A through 2018-F, including text and logo of Rice Advisory LLC.
Document titled 'Kimber' dated June 28, 2018, related to a $22,900,000 bond issued by the City of Troy, Alabama, for financing a major facility for Kimber Manufacturing, Inc., with a Rice Advisory LLC logo at the bottom.
Certificate or official document highlighting a financial bond series for Blythe Township, PA, from December 20, 2017, with a total amount of over $30 million, issued by Rice Advisory LLC.
Document titled 'Alabama Great Seal' dated December 15, 2016, detailing a bond issue of approximately $628.7 million for Alabama's economic settlement with reference to the Deepwater Horizon Gulf of Mexico disaster, including the logo of Rice Advisory LLC.