National Rankings
Throughout our history, we’ve earned our reputation as a trusted leader in public finance, consistently ranking among the top financial advisory firms in the United States every year:*
- No. 2 municipal advisor in the nation for 2018 based on total number of issues
- No. 3 municipal advisor in the nation for 2018 based on par volume
- No. 2 municipal advisor in the nation for the five-year period ending Dec. 31, 2018, based on total number of issues
Our work in specific sectors across the nation is also notable. Below are sector rankings for 2018:
Rankings Based on Total Issues
#1 General Purpose/Public Improvement
#1 Cities and Towns
#1 Water and Wastewater
#3 Surface Transportation (Toll Roads, Highways, Streets)
#3 Airports
#4 Combined Utilities
#4 Higher Education
#4 General Transportation
#7 Mass Transit
Rankings source: Ipreo MuniAnalytics® for the one year period ending 12/31/18.
Rankings Based on Total Par Volume
#1 Water and Wastewater
#1 Combined Utilities
#3 Surface Transportation (Toll Roads, Highways, Streets)
#3 Higher Education
#3 Cities and Towns
#4 Airports
#4 General Purpose/Public Improvement
#5 General Transportation
#9 Mass Transit
Rankings source: Ipreo MuniAnalytics® for the one year period ending 12/31/18.
Industry Awards
HilltopSecurities is a nationally recognized leader in Public Finance, garnering a total of 26 “Deal of the Year” awards from The Bond Buyer, Institutional Investor and International Financing.
2019
Innovative Financing Deal of the Year Award for serving as co-financial advisor to DFW International airport on its $1.2 billion issuance of taxable bonds to refund outstanding Alternative Minimum Tax obligations (The Bond Buyer, December 2019)
2018
Midwest Deal of the Year Award for serving as financial advisor to Wayne County, Michigan, on its $288.6 million sale to fund a new criminal justice complex (The Bond Buyer, December 2018)
2017
Southwestern Regional Deal of the Year Award for serving as financial advisor to the Fort Worth Transportation Authority on its $325 million private placement to fund a commuter rail line (The Bond Buyer, December 2017)
2017
Non-Traditional Financing Deal of the Year Award for serving as financial advisor to the City of Cambridge, Mass., on its $2 million issuance of minibonds to fund citywide municipal and school projects (The Bond Buyer, December 2017)
2016
Southwest Region Deal of the Year Award for financial advisor to the initial $810 million of the 50-year, $27 billion Texas Water Development Board’s SWIFT program (The Bond Buyer)
2016
Small Issuer Deal of the Year Award for financial advisor to the Northwest Dallas County Flood Control District's $15.7 million sale of unlimited tax refunding bonds to restructure a compounding obligation created through a 1992 Chapter 9 bankruptcy. The new bonds lifted a tax-rate cap imposed by the 1992 bankruptcy judgment, allowing the District to obtain an investment grade rating and resolve an accrued and unpaid interest liability (The Bond Buyer)
2015
Southwest Region Deal of the Year Award for financial advisor to the North Texas Tollway Authority for its strategic refinancings of more than $2 billion, lowering its maximum annual debt service to a level that brought multiple credit rating upgrades (The Bond Buyer)
2015
Non-Traditional Financing Deal of the Year Award for Financial Advisor to the State of Hawaii Department of Business, Economic Development, and Tourism for its $150 million financing to support the new Green Energy Market Securitization (GEMS) program (The Bond Buyer)
2014
Southwest Region Deal of the Year Award for financial advisor to the Colorado Regional Transportation District for its $441 million certificates of participation, preserving voter authorized debt capacity (The Bond Buyer)
2014
Deal of the Year Award for Financial Advisor to the State of Hawaii Department of Business, Economic Development, and Tourism for its $150 million financing to support the new Green Energy Market Securitization (GEMS) program (International Financing Review)
2013
Southwest Region Deal of the Year Award for Financial Advisor to Dallas-Fort Worth International Airport for its $2.73 billion of new money and refunding financings for the airport’s Terminal Renewal and Improvement Program (The Bond Buyer)
2012
National Deal of the Year Award for Financial Advisor to the Michigan Finance Authority for its $2.9 billion unemployment insurance deal (The Bond Buyer)
2011
Southwest Region Financial Advisor to the Love Field Modernization Corporation for its $310 million special facilities revenue bonds (The Bond Buyer)
2011
Southeast Region Financial Advisor to the Atlanta Department of Aviation for its $1.5 billion new money and refunding deal (The Bond Buyer)
2010
Regional Title Co-Managing Underwriter to The La Vernia Higher Education Finance Corp. for the Kipp Academy’s $66.17 million education revenue bonds (The Bond Buyer)
2009
Regional Title Financial Advisor to The Dallas County Hospital District for its $705 million deal to renovate Parkland Memorial Hospital (The Bond Buyer)
2009
Far West Region Deal of the Year for Underwriter to Chawanakee Unified School District (The Bond Buyer)
2008
Far West Region Deal of the Year for Underwriter to Yuba Levee Financing Authority (The Bond Buyer)
2008
Regional Title Financial Advisor to the Camino Real Regional Mobility Authority (The Bond Buyer)
2006
Small Issuer Financial Advisor to the Town of Clayton, New Mexico (The Bond Buyer)
2005
Southwest Region Financial Advisor to the Central Texas Regional Mobility Authority (The Bond Buyer)
2004
Runner-Up Financial and Swap Advisor to New Mexico Finance Authority – State Department of Transportation (The Bond Buyer)
2003
Regional Title Financial Advisor to Dallas/Fort Worth International Airport (The Bond Buyer)
2003
Financial and Swap Advisor to Orlando-Orange County Expressway (The Bond Buyer)
1996
Swap Advisor to the City of Fort Worth (The Bond Buyer)
1993
Financial and Swap Advisor to the City of Lewisville, Texas (Institutional Investor)
1990
Financial and Swap Advisor to the Dallas/Fort Worth Regional Airport (Institutional Investor)
*As of December 31, 2018. Ipreo MuniAnalytics®