Here’s a somewhat familiar story. The names here have been changed to prevent awkwardness. Rhett Butler Public Relations, a New York consumer product PR agency earning about $3 million in net fee revenues, was acquired by the Millard Fillmore Group headquartered in San Francisco. Fillmore is an agency on the…
THE STEVENS GROUP NAMES RICH JACHETTI SENIOR PARTNER Oct.7, 2015 – The Stevens Group (TSG) has named Rich Jachetti Senior Partner. The Stevens Group is headed by Managing Partner Art Stevens and specializes in facilitating mergers and acquisitions in the PR agency industry. Jachetti joined the firm as Senior Associate…
The Stevens Group made the introductions, facilitated the discussions and assisted in the negotiations. This merger marks the sixth The Stevens Group transaction this year. Feintuch Communications, a New York agency, was founded in 2009 by tech industry veteran and former journalist Henry Feintuch. The agency specializes in technology, financial…
Steinreich Communications Group, Inc. an international public relations agency headquartered in New Jersey has expanded its presence in the travel and hospitality sector with the acquisition of Montgomery Communications, one of the most respected firms in the space. Montgomery Communications represents leading airlines, hospitality brands, national tourism boards and destinations…
In a number of articles I’ve written for PRSA over the years, one of the recurring themes is the importance of chemistry when reviewing the merits of combining two agencies. I don’t mean to sound naïve. On the contrary, it’s more than a decade of real-life experience in the PR…
If you’re thinking about selling your PR agency then here are ten important questions you should be asking yourself. 1. Have you made a list of reasons why you want to sell your firm? 2. Are you prepared to report to someone? 3. Do you have a realistic sense of the market value…
With the spate of agency acquisitions in recent years, you might think making a deal is easy. Far from it. As someone who has worked closely with more than a hundred public relations agencies during the past 10 years, I am privy to one of the best-kept secrets in the…
For the past year, The Stevens Group has made a concerted effort to expand its reach beyond its well-established M&A expertise in the PR agency industry to include digital, interactive, traditional advertising, social media, experiential and other marketing communications services. The reasons were rather obvious. For one, it became very…
Ever since a farsighted PR or ad agency determined that an additional way to grow its business was to acquire other PR agencies, the manner in which most transactions are completed today hasn’t changed much since the ink dried on those precedent-setting M&A deals of yesteryear. Is that a good…
Here’s the cycle. Young PR agency account executives aspire to greater things. Since the cream always rises to the top, many account executives will go on to become senior managers of their agencies. They may move around a bit to other agencies aspiring to ever broader responsibilities, job titles and…
