A Prominent Role
Through many economic cycles, Stone & Youngberg has continued to play a prominent role in California and Arizona public finance. The firm has worked with state and local governments to underwrite municipal bonds funding needed public facilities and the replacement of aging vital public infrastructure. This work includes the seismic retrofit of the San Francisco-Oakland Bay Bridge, the conversions of former military bases, renovations to primary and secondary education facilities and the construction or replacement of water lines and treatment facilities in the burgeoning Inland Empire and Valley of the Sun, among other things.
Beginning in 2002, Stone & Youngberg expanded its geographic presence outside of California, first with the opening of our Phoenix, Arizona office and then with offices in a variety of other key locations, including Richmond, Virginia and Annapolis, Maryland. The bankers and sales professionals deployed in these locations allowed Stone & Youngberg to become the leading underwriter of long-term municipal debt in Arizona and greatly expand our distribution network.
80 Years & Change Becomes Us
In July 2011, after 80 years serving our investor and issuer clients as an independent broker dealer, Stone & Youngberg’s Board of Directors approved the sale of the firm to Stifel, Nicolaus & Company, Incorporated. The combination with Stifel, a 120 year old full service investment bank headquartered in St. Louis, Missouri, significantly enhances the capabilities of the professionals in Stone & Youngberg’s business units, provides a stronger and more robust platform for our investor clients and provides employees with the greatest opportunity for increased success in the future.