Trusted Solutions to Drive Your Business Forward
Your business is your greatest asset. Our Hilliard Lyons Investment Banking professionals can help you design and execute innovative strategies that help your business reach its next stage of growth – and when you’re ready, prepare you for the next chapter of your life.
Investment Banking Services
Mergers & Acquisitions
Whether you’re positioned on the buy-side or sell-side, our Investment Banking experts deliver the strategic advice and practical solutions to help your M&A transaction run smoothly, regardless of its scope or complexity.
Capital Raising
To help your business raise the capital it needs to grow, our Investment Banking professionals can help you explore innovative financing alternatives, in both public and private markets, helping your business raise the capital it needs to grow.
Business Valuation
To help you produce a valuation that supports your business objectives, our experienced and credentialed valuation professionals will deliver an accurate, in-depth analysis of your company’s value using the latest approaches and cutting-edge tools.
Transition Planning
When you’re ready to transition your business to new ownership or to the next generation, the Hilliard Lyons Investment Banking team can help you develop a comprehensive and detailed exit plan that creates long-term financial security for you and your family and preserves your business legacy.
Pluto Corporation has been acquired by Derby Supply Chain Solutions
Sell-side Advisor
Sell-side Advisor
Grandview Gallery has been acquired by CID Capital
Sell-side Advisor
Pine Haven has been acquired by Pritok Capital
Sell-side Advisor
J&J Ventures has been acquired by Pacific PJ, LLC
Sell-side Advisor
Seapine Software has been acquired by Perforce
Sell-side Advisor
CI Agent Solutions Aquired by JustRite
Sell-side Advisor
Transactions
Comprehensive Strategic Support
Hilliard Lyons makes expertise accessible and approachable by blending full-service investment banking capabilities integrated with dedicated, local wealth management advice. Contact our team today to discover how we can help you plan for the future of your business.
S. Andrew McKay
Sr. Managing Director & Head of Investment Banking
S. Andrew McKay
Sr. Managing Director & Head of Investment Banking
Mr. McKay has over 35 years-experience in executing middle-market M&A, investment, financial, valuation and other business transactions. Mr. McKay is a member of the Kentucky and Georgia bars, and the Kentucky Society of CPAs. He is Accredited in Business Valuation by the American Institute of Certified Public Accountants.

He is a Board Member of several closely held and family businesses. Mr. McKay has a BS from the Georgia Institute of Technology and a JD (with honors) from the University of Georgia School of Law.
George E. Councill
Sr. Vice President
George E. Councill
Sr. Vice President
Mr. Councill joined Hilliard Lyons in 2000. Previously he served as Director of the insurance industry investment banking group of Coopers & Lybrand Securities, LLC. Mr. Councill gained significant insurance industry experience while serving as Executive Vice President and Chief Investment Officer for Life Partners Group, a life insurance holding company formed through a leveraged buyout sponsored by Hicks, Muse, Tate & Furst.

He also has provided financial advisory services including merger, acquisition, and divestiture activity, corporate finance, and strategic planning in prior roles that included senior management positions with Prudential-Bache Capital Funding; Smith, Vicars & Co., Inc.; Warburg Paribas Becker; and BankAmerilease. Mr. Councill received his M.B.A. degree from the Colgate Darden Graduate School of Business Administration and his B.A. degree from the University of Virginia.
James A. Gravitt
Vice President - Valuations
James A. Gravitt
Vice President - Valuations
Mr. Gravitt has over 25 years of experience in business valuation, commercial and personal damages assessment, investigative accounting and financial advisory services. From 1990 through 2007, he was an executive with Crowe Horwath. m. His prior experience also includes a variety of financial management positions in private industry. Mr. Gravitt holds a Kentucky CPA certificate and has the following credentials: Certified Business Appraiser, Accredited in Business Valuation, Certified Fraud Examiner, and Certified Management Accountant. He received a degree in Business Administration from the University of Cincinnati and his MBA from the University of Louisville.

Investment Banking Publications

Overview of Merger and Acquisition Disputes

Mergers and acquisition (M&A) transactions can be complicated and full of uncertainties. Both buyer and seller do their best to protect themselves with legal agreements about how “post-closing” disputes will be handled. Both problems in structuring these agreements and the fundamental business itself can lead to disagreements involving the financial aspects of the deal. This article is a summary of the types of issues that can arise in M&A disputes.
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Louisville, KY 40202
P: 502-588-8480 | F: 502-588-8612
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Cincinnati, OH 45202
P: 513-345-5265
Investment Banking