Middleberg Communications Acquires Dowd Agency

Middleberg Communications will acquire The Dowd Agency in a deal announced today. Terms of the deal were not disclosed, however the acquisition puts the agency at more than $4 million in revenues and about 25 employees. Middleberg had net fees of $2,694,000 in 2008, which means about $1.5 million in annual business will come to the agency from today’s deal. The new agency will operate as Middleberg Communications, with The Dowd Agency as its consumer division.