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Bates Southwest has acquired The Albrecht Agency.
Five of The Albrecht Agency’s employees will join the Houston shop, including founder Michael Al-brecht. As senior vice president, his primary responsibility will be developing more business-to-business work.
Financial terms of the deal were not disclosed.
“This makes a pretty good mix,” said Bates Southwest chief executive officer Bill Holland. “Most of [The Albrecht Agency’s] accounts were business-to-business accounts, and that’s one area where we’re looking to grow.”
Albrecht brings with him accounts totaling about $10 million in billings.
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