Municipal Utilities

Sperry has a strong, successful track record in serving a range of public sector clients. Public agencies providing vital public services work with Sperry advisory teams to analyze, develop and fund their capital projects utilizing a variety of funding and financing techniques, including state and federal grants, municipal debt issuance and public-private partnerships. Our professionals are well-qualified and have years of experience working with clients in the water, wastewater, energy and natural gas sectors on strategic planning and financial transactions for complex infrastructure projects.

Municipal Advisory

Our experienced team has managed over $50 billion in financing transactions in their current capacity as financial advisors and previously as investment bankers for municipal utility agencies. We create customized financial models to develop rate strategies, capital finance plans and to assist in strategic planning. We have the expertise to assist clients in obtaining and negotiating bank facilities, and on transactions for commercial paper, direct purchases, variable rate demand obligations, fixed-rate bonds and notes, private placements, interest rates swaps, and other financing instruments.

State/Federal Grants and Loans

Our team has experience assisting our clients in securing funding through state and federal grant and loan programs. We understand how to assist public utility agencies in applying for financing and maximizing the chances of success through programs such as the State Revolving Fund (CWSRF and DWSRF) programs and the Water Infrastructure Finance and Innovation Act (WIFIA) program.

Public-Private Partnerships

Sperry assists our clients in analyzing their planned projects for public-private partnership opportunities and alternative project delivery techniques. Our expertise and experience with public-private partnership transactions makes us an ideal member of advisory teams for public-private partnerships for utility clients.

Project Finance

Large, high-risk, revenue-generating utility infrastructure projects may be good candidates for delivery through project finance, which allows the project to be done off balance sheet while protecting the assets of the organization. Sperry personnel have extensive experience conducting utility rate analysis, contract negotiations for feedstock and off-take contracts and providing other services to assist our clients in delivering utility infrastructure projects through project finance.