BMcB

Name

BMcB

Legal name

Backstrom McCarley Berry & Co., LLC

Website

https://bmcbco.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales

Revenue model

1. Municipal Advisory Services: Advisory fees from providing strategic financial guidance to municipal issuers including capital fund planning, project financing analysis, bond pricing, and investor relations support.
2. Underwriting & Capital Markets: Underwriting revenue from executing bond offerings, managing debt issuances, and providing co-manager/municipal advisor roles on public market offerings and privately placed debt issuances.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

BMcB provides municipal advisory and public finance/capital markets services to government entities nationwide. The firm delivers quantitative and qualitative advisory support across the full transaction lifecycle, including bond underwriting, debt issuance execution, refinancing strategies, credit facility implementation, bid sale verification, and ongoing debt profile maintenance for municipal issuers.

Product overview

BMcB operates as a dual-service public finance firm offering two integrated service lines: Municipal Advisory and Public Finance & Capital Markets (Underwriting). Municipal Advisory provides strategic guidance through the full transaction lifecycle, while the Capital Markets practice handles execution of bond offerings and debt issuances. These services work together to deliver comprehensive capital financing solutions to municipal issuers nationwide.

Differentiator

Problem solved

Functional benefit

Products and services

• Municipal Advisory Provides quantitative analysis and qualitative expertise to public agencies across sectors including infrastructure, transportation, utilities, education, and general government. Covers the full transaction lifecycle from strategic advisory through execution.
• Public Finance & Capital Markets Delivers strategic solutions across transactions from complex public market offerings to privately placed debt issuances. Includes underwriting, banking, and customized solutions for bond issues, specialized transactions, and refinancing strategies.

Quantifiable outcome

• Ranked #12 nationally as municipal advisor for long-term issues
• +2 more outcomes

Named customers17 records

Segments5 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Stifel: Diversified broker-dealer with a sizable public finance group providing municipal advisory and underwriting. Overlaps with BMcB in municipal advisory services but operates at far greater scale across multiple business lines.
• Morgan Stanley: Global bulge-bracket bank with a significant municipal finance practice serving state and local government issuers. Comparable to BMcB in municipal bond underwriting, but operating at vastly greater scale and typically serving as lead manager on the largest transactions.
• Hilltop Securities: Large broker-dealer with a substantial public finance practice serving municipal issuers nationwide. Comparable to BMcB in municipal advisory and underwriting, but operating at much greater scale as part of a broader financial services platform.
• Citigroup: Global bulge-bracket bank with a major public finance and municipal underwriting practice (Emerson Sanders previously worked at Citigroup). Comparable to BMcB in municipal underwriting, but as a leading lead-manager on the largest primary issuances.
• RBC Capital Markets: Large global investment bank with an established municipal finance practice serving state and local issuers. Comparable to BMcB in underwriting and advisory for municipal bonds, but as part of a much broader capital markets franchise.

Direct peers

• KNN Public Finance: Independent municipal advisor specializing in K-14 (K-12 and community college) and public agency financings. Directly comparable to BMcB; Dave Olson previously led K-14 groups at KNN Public Finance.
• PFM (Public Financial Management): One of the largest independent municipal advisory firms in the U.S., serving state and local government issuers across sectors. Direct competitor to BMcB in independent municipal advisory (Dave Olson previously led K-14 groups at PFM).
• Loop Capital Markets: Largest minority-owned investment bank and municipal advisor in the U.S., providing municipal advisory, underwriting, and trading across public finance. Directly comparable to BMcB in business model, target market (municipal issuers), and minority-owned positioning.
• Siebert Williams & Co. Minority-owned broker-dealer with a leading public finance practice, providing municipal advisory and underwriting to issuers nationwide. Closely comparable to BMcB in minority-owned positioning and municipal advisory focus.
• Blount Parrish & Co. Minority-owned, independent municipal advisor and underwriting firm serving public agencies. Comparable to BMcB as a smaller, diversity-certified firm focused on municipal advisory and capital markets execution.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks4 records

Key highlights7 records

Customer concentration

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BMcB