Merged company gains critical scale to disrupt
industry and "Engineer Brand
Love"
COLUMBUS, Ohio, May 14, 2024
/PRNewswire/ -- The Shipyard, one of Adweek's Fastest Growing
Agencies nationally, has acquired Fahlgren Mortine – one of the top
20 firms in the nation (O'Dwyer's), and the two-time reigning
Mid-Sized Agency of the Year as designated by the Public Relations
Society of America.
"Fahlgren Mortine is recognized as a leader in the industry,"
said The Shipyard founder and CEO Rick
Milenthal. "With our shared values, combined resources and a
galvanizing mission of 'Engineering Brand Love' wherever audiences
consume media, we are creating the leading independent platform in
the country that creates great value for our clients."
The Shipyard will maintain the Fahlgren Mortine brand, which
will now have access to expanded media buying volume, creative
firepower and data and analytics resources.
The combined company represents $350
Million in billings, with 400 professionals and 10 offices
throughout the country. The companies already share clients in
addition to B2C and B2B industry expertise in tourism and economic
development, financial services, consumer products, energy, retail,
building products, logistics, technology and healthcare.
Fahlgren Mortine leadership remains in place with CEO
Neil Mortine, and Marty McDonald, who was named president in 2022.
Neil Mortine will also be named vice
chairman for The Shipyard and Christine
Turner will continue as president of TURNER, a subsidiary
brand of Fahlgren Mortine since 2014. TURNER focuses on integrated
communications for travel, tourism and active lifestyle brands with
offices in New York City,
Denver and Chicago.
Mortine confirmed, "We are certain this is the right next move
for Fahlgren Mortine. We complement each other's strengths and
specialties with a shared love for our community, bold national
vision, and a commitment to doing work that makes a
difference."
Fahlgren Mortine was previously owned by Eastport Holdings, a
leading communications network, which acquired the firm in
2018.
The Shipyard announced last August a minority investment from
Alaris Equity Partners which provided funding for this strategic
investment in growth.
ABOUT THE SHIPYARD
The Shipyard is recognized as one
of America's Fastest Growing Agencies fueled by the mission,
"Engineering Brand Love." The agency serves iconic brands in travel
and tourism, financial services, consumer packaged goods,
business-to-business, government, energy and others. The Shipyard's
superior integration of creativity, media and data enables
courageous marketing decisions. The company is headquartered in
Columbus, Ohio, with offices in
Newport Beach, Sacramento and San
Diego, California. For more information, visit
TheShipyard.com.
ABOUT FAHLGREN MORTINE
Fahlgren Mortine is an
integrated communications company helping brands engage in ways
that are precise and meaningful. Named 2023 Best Mid-sized Agency
nationally by the Public Relations Society of America, Fahlgren
Mortine provides an integrated communications offering to clients
around the world with industry specializations in
business-to-business, consumer, higher education, healthcare and
tourism/economic development. TURNER, a subsidiary of Fahlgren
Mortine, delivers public relations, social media, influencer and
travel trade marketing for some of the world's best resorts,
destinations, active lifestyle and outdoor brands. The agency is
headquartered in Columbus, Ohio
with offices in Cleveland and
Dayton, Ohio; Boise, Idaho; Denver, Colo.; Chicago and New York
City. For more information,
visit www.fahlgrenmortine.com.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/the-shipyard-completes-acquisition-of-fahlgren-mortine-national-public-relations-agency-of-the-year-302145411.html
SOURCE The Shipyard