Chairman and President of The Burrell Financial Services Group
John Rodstrom is the Chairman and President of The Burrell Financial Services Group. In such role, he oversees all financial aspects of The Burrell Group’s new projects and investments.
Mr. Rodstrom’s career spans 40 years as an investment banker. Most recently, he spent 9 years at Oppenheimer & Co., where he specialized in large complex financial lending. Mr. Rodstrom’s introduction to The Burrell Group came in an investment banking role, as he and his teammates at The Burrell Financial Services Group pioneered a structure that produced an investment-grade bond offering for start-up medical schools and thereby consummated landmark financings for the benefit of two of the country’s newest osteopathic medical schools. Prior to a single student having matriculated, Mr. Rodstrom’s loan financing strategy resulted in a 6.80% all-in cost of funds to complete construction of the Idaho College of Osteopathic Medicine (“ICOM”). The successful sale of ICOM’s bonds motivated The Burrell Group to refinance the outstanding corporate notes of the Burrell College of Osteopathic Medicine (“BCOM”) two years prior than initially planned. Mr. Rodstrom and fellow members of The Burrell Financial Services Group effectuated a sale of bonds on behalf of BCOM that were purchased by 16 institutions and provided a 6.12% all-in cost of funds, yielding present-value savings of roughly $5 million relative to the refinanced notes.
Additionally, Mr. Rodstrom served as lead, senior-managing underwriter for two major bond offerings totaling $191,075,000 that transformed the Port of Beaumont from a regional municipal port into one of the Gulf Coast’s preeminent transload and storage facilities for liquid hydrocarbons, where shipments can be transferred by rail, truck, barge, or pipeline. This significant public-private partnership subsequently captured the attention of Fortress Transportation and Infrastructure Investors LLC, a publicly-traded company, who acquired the terminal and has undertaken hundreds of millions of dollars of private investment there. Separately, as an investment banker at Citigroup for 11 years, Mr. Rodstrom completed over $4 billion in senior-managed transactions and $1 billion in health care financings.
Mr. Rodstrom possesses a unique skillset, having been elected to office 7 times. Most notably, he spent 20 years on the Broward County Commission and served as the County Mayor/Chairman for three terms. He was responsible for managing a $4 billion budget, which included the Fort Lauderdale/Hollywood International Airport and Port Everglades. As one of nine members of the Broward County Commission, Mr. Rodstrom oversaw all aspects of the Fort Lauderdale/Hollywood International Airport from 1992-2012.
While at the airport, Mr. Rodstrom sat on the selection and negotiation committees for the design and construction of the Hibiscus Garage, the design and construction of Terminal One, the renovation of Terminals Two and Three, and the new construction and design of Terminal Four. Additionally, he participated in the selection and negotiation committee for the design and construction of the on-airport rental car facility. He approved the decommissioning of the cross-wind runway and approved the request to the FAA for the grant money, received in excess of $200 million, for the lengthening of the south runway. During his tenure, he approved the leases of the airport tenants and approved all airport rates and charges such as landing fees, parking rates, and passenger facility charges. When term limits ended Mr. Rodstrom’s political career, one of his most notable legacies to Broward County was guiding the County to achieving a “AAA” bond rating.
Furthermore, Mr. Rodstrom spent 6 years on the City of Fort Lauderdale Commission and was elected twice to serve as the Vice Mayor. He was also appointed by the governor to be the strong Mayor of the City of Sunrise, where he was directly responsible for the city’s day-to-day operations.
Mr. Rodstrom’s money management skills have been called upon, having managed a $1 billion portfolio of equities while at Sterne Agee & Leach and a $500 million portfolio of fixed income securities for the Florida Association of Counties. He also published a weekly newsletter addressing technical trends in the stock market, interest rates, gold, crude oil and natural gas.
Mr. Rodstrom holds a B.A. from Columbia University and a Law Degree from Nova Southeastern University.