BOSTON: Having set its sights on further expanding its hi-tech and healthcare groups, GCI Group may soon make a move into the Boston market.
BOSTON: Having set its sights on further expanding its hi-tech and
healthcare groups, GCI Group may soon make a move into the Boston
GCI president and CEO Bob Feldman admitted last week that there are
several biotech and hi-tech agencies in the Boston area that are
’conceivable candidates’ for acquisition. He denied, however, that a
deal was imminent.
’If we do acquire an agency in New England, it’s going to be driven by
the opportunity to expand our global technology practice,’ he said.
A number of staunch Boston independents claim they’re not giving up that
status anytime soon. FitzGerald Communications seems a good match,
especially given the longstanding friendship between Feldman and Maura
FitzGerald. But while FitzGerald admitted that Feldman has inquired
about acquiring her agency - as recently as a few weeks ago - she said,
’It’s not in the cards for us at this point.’
Schwartz also seems a perfect fit for GCI from a client standpoint - the
agency serves more than a dozen health tech clients - but co-founder and
president Steve Schwartz said that the agency is not for sale.
Lois Paul, founder and president of Lois Paul & Partners, and Chris
Carleton, a partner at CHEN PR, said they have not had talks with GCI.