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Sudsina & Associates is a collaboration of experienced professionals that ensures each of our clients a team of highly qualified individuals to assist with the execution of financing plans.


  • Michael Sudsina

Mr. Sudsina, the firm’s principal, provides municipal advisory and deal structuring services, and regularly prepares issuers for credit rating presentations. His most critical role, however, is providing pricing and structuring oversight to ensure on-market pricing with the most flexible terms for our clients’ financings. He has served as municipal advisor or lead banker to over 160 cities, counties, schools and special districts in Ohio and Pennsylvania. Overall, as an independent municipal advisor, he and has participated nearly 900 financings amounting to approximately $7.6 billion in par value.

Mike has published articles on the topic of municipal finance and lectured to numerous academic and professional organizations. He has served on the Debt Policy Committee of the Association of Public Treasurers of the US and Canada, is a member of that organization and of the Government Finance Officers Association, the Cleveland and North Central Chapters of the Municipal Finance Officers Association, the Ohio Association of School Business Officials. Sudsina & Associates is a firm member of the National Association of Municipal Advisors (NAMA), and Mike has served on NAMA’s Board of Directors as well as its Treasurer and Board President.

Mr. Sudsina formed Sudsina & Associates in 2002, after 10 years with A.G. Edwards’ Cleveland Public Finance group and as head of Fifth Third Securities’ Cleveland Public Finance practice. Prior to his investment banking career, he held positions with Price Waterhouse, the City of Cleveland's Finance and Economic Development Departments and the firm of Deloitte & Touche. He received his B.S. in Business Administration from The Ohio State University and MBA, with a concentration in finance, from Cleveland State University, holds a CPA certificate (non-active) and has passed a variety of securities exams.


  • Michael Prcela

Mr. Prcela has provided expertise to school systems, municipalities, not for profits, and higher education issuers for over 25 years in Northeast Ohio. Michael has successfully completed over $2 billion of transactions in his career. As lead investment banker on hundreds of transactions Mr. Prcela has developed unique insight into market driven structures and concepts. Michael served as lead banker on Ohio’s largest qualified school construction bond issue in 2010, and the largest Ohio school district bond issue so far in 2016. Mr. Prcela has passed the Series 50 Municipal Advisor Representative Examination.

Prior to joining Sudsina & Associates, Prcela was a senior vice president of investment banking with Piper Jaffray & Company from 2012 to 2016 and previously served as Vice President at Fifth Third Securities for 12 years. Mr. Prcela is an honors graduate from Miami University of Ohio.


  • Greg Van Wagnen

Mr. Van Wagnen provides analytical support for all clients including debt service structuring, actively assisting in the preparation of official statements and credit rating presentation and market research in advance of pricing and post-pricing.

Prior to joining Sudsina & Associates Greg worked in various roles at JP Morgan Chase. There he ran the technology aspect of their Wealth Management trading desk. He has also served as a risk management analyst for the JP Morgan Institutional Bond department where corporate client accounts ranged from $100 million to $12 billion. He has spent time in multiple equity research roles in Columbus and Chicago and in a more analytical role he researched trading slippage costs of different brokers. Between undergraduate and graduate school Greg worked as an accountant for JP Morgan Chase’s mortgage department.

Greg received a Bachelor of Science in Business Administration, Finance, and Economics from The Ohio State University and went on to attain a Master of Finance degree, also at Ohio State. While working for Sudsina & Associates he has passed the Series 50 Municipal Advisor Representative Examination. Before attending college Greg worked at his family’s Cleveland based school bus and coach bus company running their payroll department and filling their general accounting needs.


  • Mike Spafford

Prior to joining Sudsina & Associates Mike was the Interim City Manager for the City of Huron, Ohio. In that role he served as the Chief Executive Officer of the city overseeing and directing the operations of a 54-employee full-service municipality with a $24 million annual budget. He previously served as the assistant city manager where he directed all economic development activities of the city and provided complex administrative, financial, and technical support to all city departments to ensure the operational health of the organization. Mike directly managed all planning, zoning, and development activities and served as staff liaison to all Zoning Boards (Planning Commission, Design Review Board, Board of Building and Zoning Appeals). During his tenure at the city, he also provided technical support to the Finance Department in capacity as the Assistant Finance Director.

Mike received a Master of Public Administration degree from the University of Dayton. During his studies at Dayton, he served as a Graduate Assistant in the Political Science Department and gained practical experience as a Management Assistant for the City of Centerville. He also has a     BA in Political Science from The Ohio State University with a minor in General Business. Mike has attained the Governmental Accounting Certificate from University of Georgia Carl Vinson Institute of Government. He has passed the Series 50 exam for Municipal Advisors.

Sudsina & Associates, Inc. - Municipal Advisors

Sudsina & Associates, Inc.