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Investment group Viking Capital Ventures has reached an agreement to acquire a majority interest in The Ramey Agency. Terms were not disclosed.
Based in Greenwood, Miss., VCV is a unit of Ramey client Viking Range Corp., which is owned by its chief executive officer, Fred Carl Jr., and affiliates of Little Rock, Ark., investment bank Stephens Inc.
Ramey–based in Ridgeland, Miss., with an office in Memphis, Tenn.–sees the acquisition as an opportunity to beef up its interactive capabilities and explore acquisitions of other regional agencies, said the shop’s CEO, Chris Ray.
“The vision of our founder, Tommy Ramey, was to break out of the Deep South and become a super-regional agency,” said Ray.
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