High retention ACS demonstrates a long-standing track record with over 99% client retention and more than 1,600 municipal clients, indicating strong relationship-building capabilities and potential for upsell in existing accounts such as expanded post-issuance compliance services.

Scale-ready With over 17,500 debt issues and $63 billion in outstanding principal value, ACS has substantial volume handling capacity that can appeal to large municipalities and issuers seeking reliable arbitrage rebate and compliance services at scale.

Expert pedigree Founded by veterans from PricewaterhouseCoopers and supported by in-house tax attorneys and CPAs, ACS positions itself as a premium compliance partner, suggesting opportunities to cross-sell advanced tax and regulatory advisory services to risk-averse clients.

Municipal focus ACS’s core specialization in arbitrage rebate and post-issuance compliance targets municipal debt portfolios, signaling a need for expanded service lines such as ongoing regulatory updates, training, and technology-assisted monitoring for issuers and financial administrators.

Tech affinity The existing tech stack and emphasis on accurate, audited calculations present a doorway for selling automation enhancements, data analytics, and cybersecurity/compliance tooling to improve efficiency and reduce risk for client portfolios.