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Zimmerman & Partners Advertising is negotiating to acquire The Ad Team and Ad Productions, two Florida agencies that specialize in automotive and retail advertising, ac-cording to sources.
The acquisition of the two shops will bring an estimated $100 million in new billings and $15 million in revenues to Zimmerman, which is based in Fort Lauderdale, Fla., and has nine U.S. affiliates in six states.
Agency president and chief executive officer Jordan B. Zimmerman could not be reached for comment, but sources at both The Ad Team and Ad Productions confirmed that a deal is imminent.
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