About David
David Rush specializes in corporate restructuring and financial advisory. He has over 20 years of experience and has held several interim management roles, including Chief Restructuring Officer (“CRO”), Chief Financial Officer (“CFO”) and Treasurer. His industry experience includes oil and gas, midstream, power, manufacturing, consumer and packaged goods, retail and financial services. Mr. Rush’s experience includes development of business plans, cost reduction and liquidity enhancement initiatives, and strategic alternatives. In addition, he has advised clients with merger and acquisition activities, debtor-in-possession financings, covenant negotiations and contingency planning. Mr. Rush has represented private and public companies, lenders and creditor committees.
Mr. Rush was recently the CRO of Ruby Pipeline, an interstate natural gas pipeline owned by Kinder Morgan and Pembina Pipeline. Mr. Rush was also the CRO of EP Energy, a public independent exploration and production company that operated in the Eagle Ford Shale, Permian basin and Northeastern Utah, with $5 billion of funded debt obligations. Mr. Rush was the CRO of ExGen Texas Power, a subsidiary of Exelon Corp., and owner of five natural gas power plants with combined capacity over 3,300 MW. He also served as the CRO of a natural gas-to-liquids company during its bankruptcy and sales process. Prior to that, he served as the interim CFO of a Houston-based oil and gas equipment manufacturer and service provider.
Mr. Rush also served as the CFO and treasurer of Hostess Brands, a $2.5 billion wholesale bakery and packaged goods distributor. In this role, he oversaw the Chapter 11 process and was responsible for developing liquidity forecasts, completing financing transactions, negotiating with stakeholders and assisting with numerous 363 asset sales. Mr. Rush has testified on various topics, including debtor-in-possession financings, sales proceedings, liquidation analyses, cash collateral disputes, liquidity forecasts, contract rejections and wind down plans.
Mr. Rush received the Houston Business Journal’s 40 Under 40 Award and the M&A Advisor’s 40 under 40 award. In addition, he has received numerous restructuring and M&A transaction related awards from the Turnaround Management Association, the M&A Advisor and the M&A Atlas Awards for the work performed on Hostess Brands, Juniper GTL, ExGen Texas Power, B&G Crane Service, PetroQuest Energy, Halcón Resources, CARBO Ceramics, EP Energy and ION Geophysical.
Certifications
American College of Bankruptcy (ACB), Fellow
Certified Insolvency & Restructuring Advisor (CIRA)
Certified Public Accountant (CPA)
Certified Turnaround Professional (CTP)
Associations
American College of Bankruptcy, Fellow
Association of Insolvency & Restructuring Advisors (AIRA)
Turnaround Management Association (TMA), Houston Chapter Board Member
Education
B.B.A., Accounting, University of Houston
M.B.A., Rice University
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Contact
T: +1 832 667 5160
david.rush@fticonsulting.com -
Office
1301 McKinney Street
Suite 3500
Houston, TX 77010
United States
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Expertise
Corporate Finance
Creditor Rights, Relations & Negotiations
Interim Management
Lender Advisory
Restructuring / Turnaround Services