Umbaugh, the Midwest-based municipal advisor company, which has an office in Okemos, Mich., has been ranked in the top five in the U.S. for municipal advisors for small issues by Thomson Reuters and reported in the prestigious Bond Buyer magazine. Thomson Reuters considers a small bond an issue of up to $10 million.
Umbaugh served as a municipal financial advisor to 344 Midwest bond issues in 2017 ranging from less than $1 million (par) to more than $285 million (par) totaling more than $3.4 billion. The average issue was $10 million which does not include numerous direct placements and note transactions. “Some of the Michigan issuers that completed transactions in 2017 include Delhi Charter Township, Commerce Charter Township and the Village of Franklin. Other issuers include Dexter Community Schools, Otsego Public Schools, Plainwell Community Schools and Anchor Bay School District,” said Umbaugh Partner, Jesse Nelson. “With the ever-changing regulatory requirements and greater public scrutiny, it is increasingly valuable for issuers to work with municipal advisors who have a depth of experience.”
Umbaugh is one of the largest and most active independent municipal advisors to governmental units in the Midwest advising cities, towns, townships, counties, utilities, schools, libraries, hospitals and airports.