Tuesday, December 13, 2011

WPP buys powerhouse firm Glover Park Group

http://thehill.com/business-a-lobbying/195869-wpp-buys-powerhouse-dc-firm-glover-park-group
The consolidation of K Street continued Tuesday as a global conglomerate snapped up another well-known lobbying brand.

The communications giant WPP announced that it would acquire Glover Park Group, a powerhouse lobbying and public relations firm in Washington. The terms of the deal were not disclosed.
The acquisition follows two other high-profile deals this year: the merger of Clark & Weinstock with the public affairs shop Mercury, and Dutko Worldwide’s merger with the global PR firm Grayling.

Glover Park had strong ties to the Clinton administration when it opened its doors in 2001, but has since branched out to hire Republicans. The firm now has more than 140 employees and four offices in Washington, New York, Los Angeles and Boulder, Colo.

Glover Park lobbies for several high-profile clients, including Coca-Cola, Lockheed Martin Corporation and the Walt Disney Company, according to lobbying disclosure records.