July 28, 2008
Belardi, Fasano merger may result in staff cuts
Belardi/Ostroy announced today its merger with Los Angeles, CA list
services firm Fasano and Associates, and said much of the Fasano operation will
move to Belardi/Ostroy's headquarters in New
The merged entity will be led by Andy Ostroy as CEO and
Donna Belardi as president. Its headquarters will remain in New York City under the Belard/Ostroy brand.
The new Los Angeles
office is led by Patrician Fasano as Managing Director, and will operate as Belardi/Ostroy LA.
“As with any merger, there are typically staff reductions
that address redundancies, resources and/or regional
situations,” said Andy Ostroy, in an e-mail to DM News. “But with this particular transaction, much of the former
Fasano operation in Los Angeles is moving
to Belardi/Ostroy's headquarters in New
York, so what we've planned is not a reduction
in staff per se but rather a shift in location and overall resources. With
our immediate goal of growing our presence in LA, we do expect
to add more senior level account people and perhaps a rainmaker or two in that
office over time.”
The merger with Fasano adds over 50 list management and 25
brokerage clients to Belardi/Ostroy's existing client roster, the company said.
List management will be handled out of the firm's New York office. List
brokerage will remain in Los Angeles.
Fasano's clients include Toys to Grow On, The Parent Company (MyTwinn, eToys,
Baby Universe), Barrie Pace, Collections, Etc and Stamps.com
Fasano and Associates was founded 25 years ago
by direct marketing veteran Patricia Fasano