NEW YORK, Feb. 13, 2018 /PRNewswire/ -- 5W Public Relations (5WPR), one of the 15 largest independently owned PR firms in the United States, announced today plans to make acquisitions of independent public relations and marketing agencies in 2018. The firm posted gross revenue of $29.2 Million for 2017 and projects 15% revenue growth for 2018.
"We remain brashly independent and as we have seen multiple independent PR agencies being purchased in recent months; we are an agency that is aggressively seeking agencies to buy as part of our growth strategy. There are many small, independent firms who do excellent work and we see them as ideal acquisition targets," said Ronn Torossian, Founder & CEO of 5WPR.
"Consumer, corporate, beauty, travel, crisis agencies – we're looking for agencies doing great work that can benefit from partnering with a larger agency. From digital marketing to corporate communications, we will consider any firm that may be looking for a win-win situation. We work with growth-minded clients and seek growth-minded owners of independent agencies who may wish to join 5WPR. As an industry-leading PR agency, we are committed to doing great work for our clients, and acquisitions are a path we are considering this year to continue to provide expanded services," added Torossian.
The firm is currently in discussions with several agencies and expects acquisitions in Q3.
About 5W Public Relations: 5W Public Relations is a full-service PR agency in NYC known for cutting-edge programs that engage with businesses, issues and ideas. With more than 150 professionals serving clients in B2C (Food & Beverage, Beauty & Fashion, Consumer Brands, Entertainment, Health & Wellness, Travel & Hospitality, Technology, Nonprofit), B2B (Corporate Communications and Reputation Management), Public Affairs, Crisis Communications and digital strategy, 5W brings leading businesses a resourceful, bold and results-driven approach to communication.
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SOURCE 5W Public Relations