Finn Partners has signed a deal to acquire Nashville's Corporate Communications Inc., an IR specialist.
CEO Peter Finn told O'Dwyer's the deal strengthens the No. 4 independent firm's IR capabilities and market position in the southeast. He also praised CCI's "deeply skilled and experienced team."
Finn Partners acquired New York IR shop Lazar Partners, which is now part of its global health practice, in 2019.
CCI has worked with more than 500 clients in a broad range of industries, handling financial news releases, earnings/conference calls, shareholder meetings, annual reports and investor presentations.
The firm will move into the Nashville office of Finn's DVL Seigenthaler unit and be led by its core management team of Dru Anderson, Gil Fuqua and Tim Kovick.
The addition of CCI will bolster Finn Partner's Nashville operation to more than 80 staffers active in the corporate, consumer, healthcare, transportation and government areas, according to Beth Courtney, managing partner, Finn Southeast.
Anderson said the deal would enable CCI to expand from its IR focus and tap into Finn Partners' capabilities in the crisis PR, media relations and environmental/social/governance categories. She added that CCI and Finn Partners share a strong entrepreneurial spirit.
Finn Partners expects to close the CCI deal during the second quarter of 2021.
It registered $119.3M in 2019 fees, which was up 35 percent from the previous year.