Acquisition-hungry Fleishman gobbles West Coast tech shop KVO

PORTLAND, OR: Fleishman-Hillard continued its torrid acquisition pace last week, snapping up highly regarded Northwest tech shop KVO Public Relations.

PORTLAND, OR: Fleishman-Hillard continued its torrid acquisition pace last week, snapping up highly regarded Northwest tech shop KVO Public Relations.

PORTLAND, OR: Fleishman-Hillard continued its torrid acquisition

pace last week, snapping up highly regarded Northwest tech shop KVO

Public Relations.



Adding KVO, whose 1999 revenues of dollars 7.6 million came mostly from

hi-tech clients, will likely boost Fleishman’s hi-tech revenue over the

milestone dollars 100 million figure this year, according to Fleishman

chairman John Graham.



The deal clearly makes sense for both parties. KVO fills a geographic

hole for Fleishman in the Northwest while also giving it added West

Coast firepower. ’It fits right in with our technology strategy,’ Graham

said. KVO maintains a Silicon Valley office and boasts 70 staffers.



In turn, the 17-year-old KVO gains access to Fleishman’s financial

communications, investor relations and public affairs expertise. KVO

co-founder and president Sharon VanSickle, who said negotiations lasted

for more than a year, becomes a member of the board of Technology

Consulting Worldwide (TCW), a unit formed in January that houses

Fleishman hi-tech properties Lois Paul & Partners (Cambridge, MA), High

Road Communications (Toronto) and UpStart Communications (San

Francisco).



Fleishman’s buying binge is likely far from over. ’International is

probably going to be next for us,’ Graham said, hinting that he would

like to nab a UK-based hi-tech firm. ’That’s a major focus for us.’



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