Wednesday, January 5, 2011

MWW Group Completes Management Led Buy-Out From Interpublic Group

http://finance.yahoo.com/news/MWW-Group-Completes-prnews-3449274446.html?x=0&.v=1
Led by Founder and CEO Michael W. Kempner, the buy-out occurs ten years following the original sale of MWW to IPG and returns the firm to its status as one of the nation's five largest independent public relations agencies. The buy-out also includes the purchase of MWW's Financial Relations Board, a national leader in investor relations and financial communications for more than 45 years.

MWW is one of the nation's top full service agencies and one of the largest mid-sized firms with industry-leading practice areas in corporate communications, consumer marketing, public affairs and government relations, and deep expertise in digital and social media, sustainability, social innovation, healthcare and technology. The buy-out enables the firm to capitalize on the growth opportunities presented by the dynamic changes in the public relations industry by providing a nimble, entrepreneurial management framework that enables investment in key growth areas including digital and social media – an area where MWW has been a leader since becoming one of the first public relations agencies to establish a formal digital media practice in January of 2005.