Four Communications to acquire Consolidated PR
Four Communications, part of the Four Communications Group, has made an offer to acquire 100 percent of Consolidated PR Limited, the UK public relations brand. The offer has been recommended by the board of Consolidated PR and more than 90 percent of shareholders have already agreed. The deal is expected to be completed successfully sometime in early October, 2014.
With the addition of Consolidated PR, Four Communications Group’s fee income would reach up to £15.5 million. Nick Clark, Managing Director of Consolidated PR would join the Four Communications Group operating Board, and Directors Will Holt, Elspeth Rothwell, Liz Fay and Anne Clarke would become Practice Directors. Upon completion, Consolidated PR would initially retain its brand whilst the companies plan for the future.
“We are please to make this offer to the shareholders of Consolidated PR and look forward to the completion of the deal as the next step in both our futures,” says Nan Williams, Chief Executive, Four Communications Group. “Consolidated PR is an excellent fit alongside our other communications teams and does exceptional work for their list of clients.”
Nick Clark, Managing Director of Consolidate PR adds, “We believe the future of communications is integrated and international, so by joining Four Communications we are opening up those opportunities for our clients and people. The board has unanimously voted to recommend this future to shareholders.”