Inspiration meets innovation at Brandweek, the ultimate marketing experience. Join industry luminaries, rising talent and strategic experts in Phoenix, Arizona this September 23–26 to assess challenges, develop solutions and create new pathways for growth. Register early to save.
Powers & Associates is about to acquire rival Cincinnati shop Sive/Young & Rubicam, the agencies said.
The deal is expected to close in early January and would create an agency with approximately 50 full-time employees and $50 million in total billings. The agency, which will keep the name Powers & Associates, will be headed by founder and president Charlie Powers. Sive/Y&R’s president Mike Kitei, 62, may serve as a consultant. Terms of the deal were not disclosed.
Kitei said he spoke with four potential buyers in the past year and found Powers & Associates to be the best match.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in