M&A consultant Art Stevens says larger PR agencies are increasingly striking deals with senior pros to acquire their business books, giving PR's elder statesmen "new life."
"Until recently, smaller agencies – those under $1 million in net fee income – were largely ignored by larger buyers," writes Stevens. "But once the trend of buying pr businesses extended to firms well under $10 million in net fee income, the magnifying glass extended to the smaller agencies."
Spectrum Science acquires clinical trial recruitment and engagement solutions provider Continuum Clinical.
How PR agency owners can navigate the M&A process in a way that yields a rewarding experience for both owners and the teams they leave behind.
Ten potential ways an agency sale can positively benefit team members and employees.
Kekst CNC reps Palladium Equity Partners and its joint venture affiliate, Palladium Heritage, on the acquisition of National Auto Parts, USA;, NAP San Diego; and National Auto Parts-Oakland to form Collision Auto Parts, a platform serving customers in the automotive aftermarket collision repair sector.
ICR has acquired Bullfrog + Baum, the 23-year-old PR shop focused on the hospitality, lifestyle, travel and consumer marketing sectors.
Have a comment? Send it to 
No comments have been submitted for this story yet.