Diana Marszalek 09 Nov 2021 // 2:00PM GMT
BOSTON — Avenir Global is consolidating Shift Communications and Padilla, making the latter a $55 million firm with increased capabilities.
As of January 1, Shift will formally be part of Padilla, joining FoodMinds, Joe Smith and SMS Research Advisors, but will continue to operate as a standalone brand.
Rick Murray (pictured) will remain Shift managing partner, while assuming oversight of Padilla’s digital channels and teams as an executive VP. Shift’s two managing directors — Annie Perkins and Alan Dunton — will join Padilla’s sector leadership team and continue to lead their respective sectors within Shift.
The addition of Shift’s 66-person team, and roughly $13.8 million in annual revenue, will make Padilla a $55 million agency with 240 employees across seven US cities — Minneapolis, New York, Boston, Chicago, San Francisco, Washington, and Richmond, Virginia.
“Padilla and Shift are both extremely well-respected brands in the industry, and as part of Avenir Global we’ve had great success sharing both operational and client-facing resources like creative, digital and channel strategy,” said Padilla president Matt Kucharski. “We’ve also collaborated on client assignments, particularly in technology and health care, and during that time, our teams have come to know and respect each other. This natural progression brings exciting new opportunities to our clients and our people.”
Padilla has been part of Avenir Global since 2018, when the Canadian holding company bought the Minneapolis firm. The deal saw Avenir expand its US presence, after it acquired Shift in 2016 and Axon Healthcare in 2010. Avenir also owns National PR and UK players Madano, Hanover and Cherry. Meanwhile, Avenir’s National PR bought Shift in 2016, just as the tech firm's revenues had hit $20.4m.