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MacKenzie Shea Advising Reorganization
SAN FRANCISCO–After months of searching for a buyer or investor, financially strapped LVL Communications has decided to go public next month.
Cal Lai, LVL’s chief executive officer, confirmed the plan last week. “This is a way for us to grow and attract the kind of consumer technology clients that need our expertise,” he said.
The Palo Alto, Calif.-based advertising and interactive agency has been working with San Francisco investment bankers MacKenzie Shea to reorganize management, negotiate with creditors and raise capital in preparation for the deal.
Tom Schultz, a principal with 3-year-old MacKenzie Shea, began serving as interim chief financial officer about six months ago at the shop, which has about 50 employees and an estimated $8 million in revenue.
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