Agency president Michael Sitrick declined to comment on rumors that the firm has engaged the services of investment bankers at Wasserstein Perella to field offers for his firm, which is among the largest in California.
As a competitor to east coast mergers and acquisitions specialists such as Kekst & Company, Abernathy MacGregor (recently sold to Havas) and Sard Verbinnen (now part of Citigate), Sitrick has had several offers. It is believed that Citigate held extensive talks with the west coast firm before acquiring Sard. But Sitrick says he has no immediate plans to sell.
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