Omnicom Acquires Grizzard

NEW YORK — Omnicom Group, a communications holding company based in New York, has purchased Grizzard Communications Group for $91.3 million in cash. Omnicom acquired Grizzard, a network of communications companies including the Grizzard Agency, from Marketing Services Group, New York. The deal is expected to close in one month’s time.

Grizzard Communications Group, based in Atlanta, has 700 staffers and claims billings of nearly $200 million. Grizzard Agency, also in Atlanta, has clients that include American Red Cross, Children’s Miracle Network, First Union and Holiday Inn.