Lambert, Edwards, and Associates, a public relations, investor relations, and communications agency in downtown Detroit, today announced it has acquired Owen Blicksilver Public Relations Inc. in New York City. Terms of the transaction were not disclosed.
Blicksilver’s offerings include financial communications, strategic positioning, and specialty practices in private equity, real estate, financial services, bankruptcy, crisis, litigation support, and B2B marketing.
Combined, the two firms have more than 150 clients in 20 states and six different countries, and 65 employees. Lambert and Blicksilver will continue to operate under their respective brands. The deal marks Lambert’s fifth acquisition.
“Our firm is rooted in financial communications, and this business mindset differentiates us among our PR firm peers nationally, making this acquisition such a strong strategic fit,” says Jeff Lambert, CEO and managing partner of Lambert Edwards.
“Adding the expertise of Owen Blicksilver and his team, coupled with an impressive roster of long-term and market-leading clients, a specialization in capital markets, M&A, and private equity, and a New York office, makes this a truly transformative opportunity.”
Blicksilver will remain with Lambert under a multi-year agreement, serving as president of the Blicksilver unit, which will remain based in New York. All of the Blicksilver senior account staff will remain with the combined organization.
“The addition of Blicksilver addresses several of our strategic growth objectives, including expanding our geographic reach, (and) adding to our national practice areas in investor relations and financial communications,” says Lambert.
Advisors on the transaction included M&A advisory firm The Stevens Group, Warner Norcross and Judd, a law firm in Detroit, and New York counsel Silverman Acampora, with financing by Mercantile Bank of Michigan.