 Luke Lambert |
G&S Business Communications has acquired CooperKatz & Co. to more than double its New York fee income base to the $11M range.
Ralph Katz, CK co-founder, will become executive VP of G&S to expand its integrated business model with a focus on paid programming.
Anne Green, CK president & CEO, will take the helm of the 65-member NYC office. She will succeed managing director Audra Hession, who will now lead the beefed-up corporate and reputation management practice.
Luke Lambert, CEO of G&S, said the deal will “help power a culture of growth for our clients, employees and business.”
Katz, who noted that the two firms share similar a culture and values, “can’t imagine a better strategic fit for this next chapter in our agency’s evolution." Rick Gould, head of Gould+Partners, represented CK in the deal.
G&S recorded $27.3M in fees last year with $5.3M of that amount coming from New York. CK had $5.6M in 2017 fees.
4media group completes its acquisition of Family Features Editorial Syndicate... Illumination PR, which represents lifestyle brands, influencers and celebrities, launches DR Media Group... EAG Advertising and Marketing acquires pay-for-performance firm INK inc. Public Relations. 
LLYC launches Signs of Pride, a campaign that revives the original protest banners of the first Pride marches... The Abu Dhabi Chamber of Commerce and Industry forms the Public Relations and Digital Marketing Working Group... Circle of One Marketing, a Miami-based, minority-owned marketing agency, is named official agency of record for Big Brothers Big Sisters of Miami. 
Vogel Group, a DC-headquartered government affairs and consulting firm, forms a strategic partnership with Montreal-based public affairs firm Boléro Stratégies... Matter Communications launches project-based offerings for B2C companies looking to increase brand awareness and visibility... Tucker/Hall, a Tampa-based PR and public affairs firm, opens a new office in Orlando. 
Why investing in public relations is ultimately about building bridges in a connected world.
Edelman is laying off 330 people (5.3 percent of its workforce) to cope with an anticipated eight percent shortfall in 2024 US revenues, and client demand for one-stop shopping for speciality services.
