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Tom RyanFinancial communications/IR shop ICR Inc. has sold an investment stake to New York-based Investcorp.
ICR says the partnership will help it accelerate organic growth, identify complementary acquisitions and expand overseas.
"We are thrilled to partner with Investcorp on these efforts, which in turn, will help us better serve our clients and the dynamic challenges they face each day,” said ICR CEO Tom Ryan in a statement.
ICR ranks No. 5 on O’Dwyer’s roster of top PR firms with 2017 fee income of $63.4M (up 13.9 percent from 2016) and 177 staffers.
David Tayeh, head of corporate investment for North America at Investcorp, said: “ICR is perfectly positioned to broaden its service offerings to meet the growing needs of current and prospective clients."
Ryan and his management team will retain a significant ownership position in ICR.
Kekst CNC represents Public Storage as it acquires National Storage Affiliates, which uses Joele Frank for media work, to create the world’s largest self-storage owner & operator.
Prosek Partners handles New York’s Tilray Brands, craft beer & cannabis operation, as it acquires BrewDog, a leading British independent beer producer in the UK, for $45M.
Brunswick Group handles Zurich Insurance as it agrees to buy UK-based Beazley specialty insurer in a deal valued at $11B.
FGS Global represents Brink’s as it agrees to acquire NCR Atleos, which relies on Collected Strategies, in a $6.6B cash & stock deal to create a leading fintech infrastructure company. (Updated)
A January article in O’Dwyer’s proposes that in 2026, the strongest financial brands will not simply tell compelling stories—they will “signal readiness.”
