Lambert & Co., a Detroit-based investor relations firm and private equity communications agency, today announced the acquisition of Casteel Schoenborn Investor Relations and Corporate Communications of New York.
The deal, for which no financial terms were disclosed, marks Lambert’s seventh transaction and second in the last two months. It advances Lambert’s strategy to be the nation’s leading integrated investor relations and public relations firm for emerging and established market leaders through organic growth, acquisitions, and innovation, the company says.
“The Casteel Schoenborn team has built a tremendous business offering strategic guidance to publicly traded regional and community banks and other U.S. financial services firms, making them a perfect fit to accelerate our strategic plan and bolster our IR and financial services sector expertise,” says Jeff Lambert, founder and CEO of Lambert & Co. “Their unique approach, enduring partnerships with management teams and vast experience set enhances our current client roster and creates a true financial services powerhouse.”
Casteel Schoenborn serves public and private enterprises, private equity firms and their legal and financial advisors in other industries nationwide, advising on a wide range of issues including mergers and acquisitions, divestitures, public offerings and private placements, regulatory enforcement actions and litigation, governance issues, as well as special situations and crisis communications. Casteel Schoenborn has worked with publicly held firms with market capitalizations ranging from less than $100 million to more than $80 billion.
Casteel Schoenborn principals Lynn Casteel and Jeffrey Schoenborn are joining Lambert as managing directors.
“Joining Lambert provides us additional scale and access to talent across its network of offices in Michigan, New York City, and Phoenix,” says Casteel. “We have advised numerous U.S. financial services companies over the years, with a strong emphasis on banking, and look forward to this next chapter in our business to provide a broader array of services that clients seek.”