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LLYC will acquire a 70% stake in Lambert Global for a down payment of $18.2 million, with the balance payable after two years based on the corporate communications/IR company’s EBITDA performance.
The Spanish company said Lambert Global will increase its annual revenue base by $35.1 million and triple its presence in the United States.
The acquisition, LLYC’s largest to date, adds Lambert Global’s Grand Rapids headquarters and talent hubs in Detroit, New York, St. Louis and Phoenix.
LLYC has U.S. offices in Miami, Washington, New York and San Diego.
CEO Jeffrey Lambert and President Mike Houston will now lead LLYC’s restructured Lambert and serve on the Spanish company’s U.S. executive committee.
LLYC CEO Alejandro Romero called Lambert Global “the perfect partner, whose unified communications platform is an ideal fit for LLYC’s philosophy and will enable the company to make the quantum leap it has been seeking.” .
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| Alejandro Romero (left) & Jeffrey Lambert |
Lambert said the agreement with LLYC is “a piece of the puzzle that fits with our capital markets strength and prominence in Latin America, and together we will bring our clients a wide range of marketing, communications and investor relations resources.” We will provide it.”
LLYC currently has 130 staff in the United States, its second largest market.
Lambert Global ranks 37th in O’Dwyer’s 2023 Independent Firm Rankings, with fees increasing 21.4% year-over-year to $20.2 million.