Founded in 1988, M.R. Beal is a leading investment bank specializing in municipal and corporate finance. Based in New York, the minority-owned firm participated in $31.6 billion of municipal underwritings in 2006 and continues to rank among the top 20 underwriters of municipal securities worldwide. Additionally the firm has participated in nine of the 11 largest IPO’s in history, representing an equity volume exceeding $21 billion to date. M.R. Beal's institutional clients include a wide array of leading U.S. corporations, as well as state and local government and not-for-profit entities.