Press Room Item
LE&A Announces Record Results; Revenues Increase 18 Percent
13 February 07
Out-of-State Clients Fuel Expansion
GRAND RAPIDS, Mich., February 13, 2007 – Lambert, Edwards & Associates (LE&A), West Michigan’s top-ranked public relations agency and the state’s largest investor relations firm, today announced financial results for 2006. The company posted record revenues of $3.6 million, up 18 percent from 2005, marking its eighth straight year of double-digit sales growth.
Fueling this increase was the company’s acquisition of 25 new clients in 2006, including WIRED West Michigan, Houston-based Mattress Firm and ACR Group, Chicago-based Tech Lighting, Indiana-based Patrick Industries, Mississippi-based Therizo Capital and the California Baptist Foundation. Additionally, the two best-performing Michigan stocks of the year were LE&A investor relations clients, and the agency won three national public relations awards on behalf of its clients.
“LE&A’s consistent growth coincides with our ability to bring real value to our clients—both in the West Michigan region and across 19 states,” said Jeff Lambert, president and managing partner of LE&A. “Every year, more organizations around the country are discovering the significance of LE&A’s competitive expertise and national reach. They appreciate the abilities and Midwest work ethic of a Grand Rapids-based agency, especially when our results positively impact their bottom line.”
In addition to public relations and investor relations assignments, LE&A helped a number of companies with transaction communications—managing communications surrounding mergers, acquisitions, equity raises and business ownership changes. In 2006, the agency handled 16 transactions representing more than $800 million in total deal size for clients including the going private deal for Knape & Vogt, a private equity funding for specialty Real Estate Investment Trust, Therizo Capital, and Zondervan’s purchase of Youth Specialties, a publisher and event management company.
In addition, LE&A secured national recognition from the PR community for its work:- Silver Anvil Award—the “Oscar” of the PR community, on behalf of Zondervan
- Two National Gold Bulldog Awards—New Product Launch on behalf of Zondervan’s TNIV Bible
- Named to O’Dwyer’s Top 100 PR Firms—the only West Michigan agency on the list.
LE&A associates also gave back to the Grand Rapids community in record numbers this year, providing pro bono work and strategic communications insight to local organizations, including the Grand Rapids Children’s Museum, Grand Rapids Civic Theater, Guiding Light Mission, Heart of West Michigan, International Aid, United Way of West Michigan and the YMCA.
About Lambert, Edwards & Associates
Lambert, Edwards & Associates (www.lambert-edwards.com) is West Michigan’s leading public relations firm and the largest investor relations firm in the state, serving more than 80 clients in 19 states. Based in Grand Rapids, Mich., LE&A works extensively with middle-market companies and national brands in three primary practice groups: Business & Financial Communications, Healthcare & Technology, and Consumer.
