London-based WPP has purchased Glover Park Group, the D.C.-based firm specializing in government relations and strategic comms that was started in 2001. The firm has a staff of 140 people, four offices in New York, Los Angeles, Boulder, CO, and Washington, and $60 million in annual revenue, according to Politico.
Glover Park was started by four well-connected Democratic operatives: Carter Eskew, Joe Lockhart, Mike Feldman, and Chip Smith. Lockhart joined Facebook as VP of comms in June.
According to the press release
announcing the transaction, it’s still subject to regulatory approval. A spokesperson at GPG tells PRNewser that the leadership will remain the same and the remaining founding partners “have committed to staying with the firm for the foreseeable future.”
Smith is CEO; Eskew and Feldman are both MDs at the firm.
WPP’s firms include Hill & Knowlton, Quinn-Gillespie, Dewey Square Group, and Burson-Marsteller. The company reported Q3 revenue
of £2.46 billion and organic growth of 4.7 percent, though taking a conservative stance about the future.