50 Years of Excellence in Equities
Baird’s Global Industrial Conference
2020 marks the 50th edition of our Global Industrial Conference. In its first five decades, the conference has grown from a small forum to a destination event for the thousands of attendees that join us each year.
As we celebrate this milestone and look to the future, we affirm our commitment to the industrial sector and delivering the insights, capabilities and relationships our clients need to succeed in an evolving environment.
A Brief History of Our Conference and Industrial Sector Expertise
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After establishing our institutional investment department in 1966 – which was co-led by Fred Kasten, future President & CEO of Baird – , we establish ourselves as an authority on Wisconsin companies. This niche strategy raises Baird’s profile with institutional investors.
We host our inaugural Industrial Conference. Originally called the Capital Goods Conference, it will become one of the largest institutional conferences focused on the industrial sector – as well as the longest-running event of its kind.
Building on our deep relationships with Wisconsin firms and long history of following heavy machinery, brewing and paper companies, we expand our relationships to include some of the largest companies in these sectors, including Caterpillar, John Deere and International Harvester.
Baird underwrites the number one IPO in the United States: Fastenal. After partnering with Baird on the offering, the company began presenting at the firm’s Industrial Conference and remains a perennial participant to this day. Our research team has covered Fastenal for more than 25 years.
We move our Industrial Conference to Chicago after hosting the event in Milwaukee, Wisconsin, for its early years. The new location helps facilitate the growth of the conference in the decades ahead.
We expand our capital markets footprint overseas through the acquisition of London-based Granville, establishing our first European office. The firm goes on to open a Shanghai office in 2003 and a Germany office in in 2005.
Our 31st annual conference comes on the latter end of an economic recession, and investors continue to turn to Baird for insights in evolving times. We host more than 650 attendees, an increase of more than 50% over our 2000 conference, and 64 companies make formal presentations.
We continue to build long-term relationships with global industrial companies. We served as lead manager on LKQ Corporation’s IPO in October. In the following years, we help manage two subsequent follow-on offerings and initiate research coverage of LKQ, which we maintain to this day.
Small- and mid-cap institutional fund managers rank Baird No. 1 for “most useful conferences and seminars” in a survey conducted by Greenwich Associates, a leading investment industry consultant. Baird has been recognized in Greenwich’s annual surveys annually since 2003.
By 2007, our research coverage surpasses 100 industrial companies and we trade 186 industrial stocks. Since then, our team has expanded to 11 senior industrial analysts who cover nearly 200 stocks. Meanwhile, our industrial trading team trades 520 stocks and averages 18 years of industry experience.
We release the first edition of our Global Industrial Report, an annual publication that features insights on long-term trends shaping the future of the sector from the firm's experts. We also host more than 1,700 attendees at our 45th annual Industrial Conference, which features 170 presenting companies.
We celebrate the 50th anniversary of our Global Industrial Conference. The event now unites more than 3,000 industry leaders, institutional investors and private equity investors annually and features approximately 365 companies.
Greenwich Associates' 2020 surveys of North American Equity Investors – Surveys conducted with 91 small-cap and mid-cap fund managers and 228 U.S. buyside trading desks that use electronic trading, respectively. Rankings for qualitative metrics based on leading research firms in surveys.