David Turf joined Duff & Phelps in 1997. He is a managing director in the Chicago office and a senior member of the firm's Transaction Opinions practice, which provides fairness and solvency opinions, related-party debt advisory services and opinions, business and securities valuations, and other financial advisory services. David has more than 20 years of corporate finance and valuation experience. 

David has advised boards of directors, management, trustees and shareholders on a range of corporate finance and valuation matters regarding mergers, acquisitions, divestitures, employees stock ownership plans (ESOPs), financings and other situations. He has provided fairness opinions in a variety of transactions, including going-private, reverse merger, related party, ESOP and restructuring transactions, as well as traditional M&A transactions. He has provided solvency opinions in spin-offs and split-ups, leveraged buyouts, recapitalizations and other leveraged transactions. David has also advised companies on structuring debt securities and issued commercially reasonable debt opinions for debt issuances in related-party transactions. 

David has experience in many industries, including consumer products, industrials, business services, engineering and construction, energy, and media and entertainment. His past clients include Illinois Tool Works, Honeywell International, Tyco International, Aon, Visa, Michael Kors, Mattel, Merck & Co, Mallinckrodt, Atlantic Power Corporation, Scripps Networks Interactive, and The Jim Pattison Group. 

Prior to joining Duff & Phelps, David was an assistant vice president in the commercial loan department of Corus Bank. 

David holds an MBA in finance and organizational behavior from the J.L. Kellogg Graduate School of Management at Northwestern University, where he graduated with distinction and a BS in finance from the University of Illinois at Urbana-Champaign, where he graduated with highest honors. He is a chartered financial analyst and a FINRA series 7 and 63 registered representative.


 
Turf /our-team/david-turf /-/media/assets/images/headshots/managing-directors/david-turf.ashx people {D59CA77E-C551-45A3-BE89-F567210C5A60} {6B6F3B01-98A6-4BC2-B2CD-CBD127447FB5} {13E28841-C245-441D-8C3B-49E72DA5381C} {5379E475-EC5F-4A65-A61E-2C0EB79F8D41} {A1AECEED-3318-44A4-ABA5-911CA7D29CA5} {E340DC3D-D2B1-4B82-B060-39C0D241F859} {46C15BB5-0833-4B51-B9BD-6E99C50DB149} {73A2AEE9-2076-4D3C-A171-625446EA1AF7} {B871D4F9-5FCB-40B9-8710-871A30B710AB}

Related Services

Duff & Phelps Corporate Finance

Corporate Finance

Comprehensive support throughout mergers and acquisitions and other corporate transactions.

Corporate Finance
Duff & Phelps Corporate Finance

Corporate Finance

Fairness and Solvency Opinions

Independent opinions for boards of directors and special committees.

Fairness and Solvency Opinions
Duff & Phelps Corporate Finance

Corporate Finance

Financial Sponsors Group

Dedicated coverage and access to M&A deal-flow for financial sponsors.

Financial Sponsors Group
Duff & Phelps Corporate Finance

Corporate Finance

Commercially Reasonable Debt Opinions

Advisory on capital structure, interest rate, and the other economic terms of debt securities.

Commercially Reasonable Debt Opinions
Duff & Phelps Corporate Finance

Corporate Finance

ESOP and ERISA Advisory

Helping clients navigate the complex financial, regulatory and tax aspects of ESOP transactions.

ESOP and ERISA Advisory

Case Studies

Insights