Siebert Cisneros Shank remains one of the top underwriters for negotiated water and sewer bonds having served as senior manager for many of the largest systems in the country. The firm has senior-managed more than $4 billion in par amount of water and sewer transactions since 2012, serving many repeat clients, including Broward County, New York State Environmental Facilities Corporation, East Bay MUD and the cities of Chicago, Houston, Los Angeles, Oakland, Philadelphia and San Antonio.
Water and sewer utilities are consistently presented with significant challenges that require them to manage their long-term policies and financial plans. The nature of the sector remains highly capital intensive due to a range of factors including changes to environmental regulations, combined sewer overflow, ongoing drought conditions and aging infrastructure. Our firm’s commitment to this sector is exemplified by our efforts to develop innovative ways to address the constantly changing dynamics within the public utility sector.