MIAMI – Feb. 22, 2024 – Global law firm Greenberg Traurig, P.A. advised LLYC, a global corporate affairs and marketing consulting firm, in its acquisition of Lambert Global, a strategic communications firm. The transaction is the largest acquisition in LLYC’s history.
The deal will triple LLYC’s size in the U.S., which will become the company’s second largest market after Spain, and is expected to result in revenues of $35.1 million and EBITDA of $9.7 million, according to the company’s press release.
Under the terms of the agreement, LLYC is acquiring an initial 70% stake in the Michigan-based company for a price based on EBITDA performance in the next two years, LLYC said.
“The acquisition positions LLYC as a top player in a crucial growth market,” said Miami Corporate Shareholder Henry R. Roque, who led the Greenberg Traurig deal team. “This deal underscores Greenberg Traurig’s ability to leverage our unparalleled global platform, across offices and disciplines, to successfully achieve our client’s business goals.”
Over the past decade, Greenberg Traurig has represented LLYC in its acquisition of Miami-based strategic communications and public affairs firm EDF Communications, Mexican creative agency “Beso,” and San Diego tech agency BAM.
“As LLYC continues to expand across key markets, we are proud to have become their trusted advisors on M&A deals and other significant matters, and most recently in this strategic, historically significant transaction,” added Miami Corporate Shareholder and Co-Chair of the firm’s Latin America Practice Antonio Peña, who co-led the deal team and has represented LLYC in its inorganic growth strategy and M&A projects in the U.S. and Mexico.
Greenberg Traurig’s deal team also included West Palm Beach Real Estate Shareholder Charles J. Abrams, Miami Tax Shareholder L. Frank Cordero, Philadelphia Labor & Employment Shareholder Kelly Dobbs Bunting, New York Executive Compensation & Employee Benefits Shareholder August Huelle, Miami Corporate Shareholder Arnaldo C. Rego, Jr., Miami Intellectual Property & Technology Shareholder Manuel R. Valcarcel IV; Miami Corporate Associates Monique Lara, Blanca Alcaraz Serrano, and Kristy “Kitt” Ritter, Miami Tax Associate Maria Walker, and New York Executive Compensation & Employee Benefits Associate Phillip Popkin.
Ranked as one of the largest communications companies worldwide, LLYC is present in Argentina, Brazil (São Paulo and Rio de Janeiro), Brussels, Colombia, Chile, Ecuador, Spain (Madrid and Barcelona), the United States (Miami, New York, San Diego and Washington, DC), Mexico, Panama, Peru, Portugal and the Dominican Republic.
About Greenberg Traurig’s Corporate Practice: Greenberg Traurig’s Corporate Practice comprises more than 600 lawyers in the United States, Europe, Asia, the Middle East and Latin America who regularly advise public and privately held companies, entrepreneurs and investment funds on global mergers and acquisitions, corporate restructurings, private equity and venture capital, underwritten and syndicated offerings, commercial finance and syndicated lending, cross-border transactions, and general corporate matters. The group’s industry experience includes transactions in a wide range of fields, from the pharmaceutical, medical devices, and life sciences fields, to representations involving clients in the aviation, banking, consumer products, energy, food and beverage, health care, manufacturing, media, technology, and telecommunications sectors.
About Greenberg Traurig: Greenberg Traurig, LLP has more than 2750 attorneys in 47 locations in the United States, Europe and the Middle East, Latin America, and Asia. The firm is a 2022 BTI “Highly Recommended Law Firm” for superior client service and is consistently among the top firms on the Am Law Global 100 and NLJ 500. Greenberg Traurig is Mansfield Rule 6.0 Certified Plus by The Diversity Lab. The firm is recognized for powering its U.S. offices with 100% renewable energy as certified by the Center for Resource Solutions Green-e® Energy program and is a member of the U.S. EPA’s Green Power Partnership Program. The firm is known for its philanthropic giving, innovation, diversity, and pro bono. Web: www.gtlaw.com.