Leonis Principal, Inc. (d/b/a “Leonis Partners”) and The Jordan Edmiston Group, Inc. (d/b/a “JEGI CLARITY,” and together with Leonis Partners, the “Parties”) have entered into a proposed combination agreement (the “Transaction”). The Transaction is subject to approval by the Financial Industry Regulatory Authority (“FINRA”) and in the UK by the Financial Conduct Authority (“FCA”). The Parties will continue to be two distinct entities and businesses until the Parties obtain FINRA's and the FCA's approval of, and close, the Transaction. Click here for more information.
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Transaction

Galvanizing the mission of ‘Engineering Brand Love’ wherever audiences consume media

This acquisition significantly changes The Shipyard’s trajectory in earned and owned media

Date: May 2024
Deal Type: Corporate Divestiture
Role: Buy-side M&A
Sectors:
  • Marketing Services and Technology

JEGI CLARITY has advised The Shipyard on their acquisition of Fahlgren Mortine.

Fahlgren Mortine is the reigning Public Relations Society of America (PRSA) national agency of the year. While historically known for its dominance in public relations and communications services, the company recently integrated two companies that emboldened its focus on technology, development design and customer experience.

The combined company has 400 professionals and offices throughout the country with both B2C and B2B industry expertise in tourism and economic development, financial services, consumer products, energy, retail, building products, logistics, technology and healthcare. The companies already share clients in addition to both being headquartered in Columbus. In addition, TURNER, a Fahlgren Mortine subsidiary, focuses on integrated communications for travel, tourism and active lifestyle brands.

This acquisition follows The Shipyard’s minority investment from Alaris Equity Partners (also a JEGI CLARITY advised transaction) which provided funding for this strategic investment in growth.

There is no investment bank better than JEGI CLARITY. They made this deal happen.

Rick Milenthal, Chairman & CEO, The Shipyard

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