Holding company MDC Partners (NSDQ: MDCA) continued its acquisition streak today, acquiring mid-size PR agency Allison & Partners.
“It’s been a long time relationship. We’ve known Miles [Nadal, Chairman and CEO, MDC Partners] and his team for three years now.
As we’ve studied all of our options for growing the business, this seemed like best for both worlds, where we get to build our brand, partner, and maintain an equity position,” said Scott Allison [pictured], CEO of Allison & Partners in a phone interview with PRNewser today.
Allison & Partners clients include Best Western International, ARAMARK, Progressive Insurance, Samsung, Boost Mobile and Sony. The agency counted $14.7 million in revenue for 2009, and is headquartered in San Francisco, with offices in New York, Los Angeles, Washington D.C., Seattle, Phoenix, Atlanta and San Diego.
“We are incredibly impressed by the breadth of knowledge and the outstanding track record and expertise, particularly in the fields of digital and social media that Scott and Andy and their team at Allison & Partners possess,” said Miles Nadal, Chairman and CEO, MDC Partners.
Terms of the deal were not disclosed.
In September 2009, MDC invested in social media focused agency Attention. In April 2010, MDC acquired Sloane & Company. MDC Partner’s other holdings include Crispin, Porter & Bogusky, Media Kitchen, Veritas Communications and Lime Public Relations + Promotion.