APCO Becomes No. 4 Indy - Sept. 28, 2004

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Sept. 28, 2004

APCO BECOMES NO. 4 INDY

APCO Worldwide has completed its management buyout from Grey Global Group, which is being acquired by WPP Group.

The transaction is completed almost a year to the day that GGG decided to unload APCO to its management team.

Ed Meyer, CEO of GGG, which purchased a majority stake in APCO from law firm Arnold & Porter in `91, said he hopes to continue to partner with APCO on projects. He said APCO's future is "filled with potential."

Five-year-old WindRiver Group, a merchant banker, helped arrange financing for the management buyout.

With its 400 employees, APCO becomes the No. 4 independent PR firm, trailing Edelman PR Worldwide, Ruder Finn and Waggener Edstrom.

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