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| (L-R) John Wren, Philippe Krakowsky |
Omnicom is acquiring Interpublic in a stock transaction that creates a powerhouse that combined for $2.8B in 2023 PR revenues.
The collection of OMC’s PR units Marina Maher Communications, Portland, Mercury, Porter Novelli, Ketchum, and FleishmanHillard generated $1.6B in ’23 revenues. They posted $1.2B in nine-month 2014 revenues.
IPG’s Weber Shandwick, Golin, Current Global, R&CPMK, DeVries Global chalked up $1.2B in '23 revenues, and $887M during the first nine months of this year.
OMC and IPG say their “highly complementary assets create an unmatched portfolio of services and products that expand client opportunities for each company on day one.”
They expect to chalk up $750M in annual cost synergies within two years of close, which is expected for the first-half of next year.
OMC CEO John Wren (72) will continue at the helm.
IPG CEO Philippe Krakowsky (62) and OMC president Daryl Simm (63) will serve as co-presidents & COOs. Krakowsky will also co-chair the Integration Committee post-merger.
OMC shareholders will control 60.3 percent of the merged entity, while IPG stockholders will own a 39.4 percent stake.
The combined company posted $25.6B in 2023 revenues, and $19.2B revenues for the 2024 nine-month period.
Columbus-based Geben Communications has acquired New York’s LBR/PR, which handles professional services, consumer products, luxury and health/wellness clients.
FINN Partners has acquired Honner, a 25-member Sydney shop that serves the financial communications and corporate sectors. The move bolsters FINN’s APAC team to about 250 members.
Public Policy Holding Company has acquired London-based Tancredi Intelligent Communication for $10.8M, of which $9.6M is in cash and the balance in stock.
Infinite has acquired Greentarget UK B2B communications shop, a move that doubles its footprint in the London market.
Accenture has acquired Whalar, which had billed itself as the “world’s leading independent creator and social agency,” from Whalar Group.
