APCO Regains Independence From Grey

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NEW YORK Global communications and public affairs consultancy APCO has completed its buyback from Grey Global Group, the companies said.

APCO partnered with The WindRiver Group, a merchant bank, that guided the buyback, the terms of which were undisclosed. Grey had owned the Washington, D.C.-based APCO since 1991.

In a statement, APCO CEO and founder Margery Kraus said of the transaction, “We begin our 20th year in business with an important step in building a successful firm for the next 20 years.

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