Public Finance Illinois


300 East Fifth Avenue, Suite 200
Naperville, IL 60563

Thomas J. Gavin Thomas J. Gavin
Managing Director & Branch Manager
Thomas has 35 years of experience in public finance and has been responsible for the development of the extensive public finance activities of his firms, including the coordination of their roles of $3 billion of public financings per year.

Thomas has worked directly with many major issuers on more than 1,000 transactions worth more than $30 billion. His experience has included key roles in financings for the states of Illinois, Michigan and Nevada; the cities of Baltimore, Chicago and Detroit; and the Chicago Transit Authority. He has structured many state and local government, general obligation, tax increment, lease revenue, recreation, public power, university, housing, hospital, and industrial development financings. He has spoken before municipal bond industry groups and written for industry publications. Three of the transactions on which he served won recognition by The Bond Buyer as “Deal of the Year.”


Stephan C. RobertsStephan C. Roberts
Stephan joined the Baird Public Finance team in 1998. Since then he has provided issuers, large and small, with leadership and investment banking expertise. Stephan provides services to such large clients as the Cities of Chicago, and St. Louis and the State of Illinois. He has also worked with the Chicago Transit Authority, the Villages of Addison, Glen Ellyn and Tinley Park, the Cities of Moline, Rochelle, Rockford and Woodstock, and the Rock Island County Metropolitan Mass Transit District. In total, he has served on over $15 billion in bonds. Stephan seeks to provide innovative solutions to solve clients’ unique needs. Testament to his skills was his participation on The Bond Buyer’s Midwest Regional Deal of the Year Award in 2005 on a complicated transaction and Nontraditional Deal of the Year in 2009. Another of his clients won the award again in 2011 for the National Small Issue Deal of the Year.


Andrew T. ArndtAndrew T. Arndt
Vice President
Andy Arndt joined Baird in 2004 as an intern and spent several years as a Quantitative Analyst. Now, he is primarily responsible for providing debt management and creative debt structuring solutions to fit the needs of Illinois School and Park Districts. His experience includes assisting in the issuance of over $2 billion in Taxable and Tax Exempt General Obligation, Alternate Revenue Source, Voter Approved Obligations, Debt Certificates and Sales Tax Backed financing projects, including many combination financings comprised of refunding and new money components. He currently works with the 2nd largest school district in Illinois outside of Chicago. He earned a BS in Computer Science from Benedictine University.