BSMG acquires pub affairs agency GJW for dollars 12 million

LONDON: BSMG emerged triumphant in the GJW derby last week, purchasing the UK’s largest independent public affairs and lobbying shop for nearly dollars 12 million.

LONDON: BSMG emerged triumphant in the GJW derby last week, purchasing the UK’s largest independent public affairs and lobbying shop for nearly dollars 12 million.

LONDON: BSMG emerged triumphant in the GJW derby last week,

purchasing the UK’s largest independent public affairs and lobbying shop

for nearly dollars 12 million.



The deal makes BSMG the UK’s seventh-largest PR firm, with annual fee

income in excess of dollars 23 million.



GJW had no shortage of suitors, with Lighthouse Global Network and

Shandwick both in on the bidding at various times during the last year.

The firm will now be known as GJW-BSMG, while LSA, BSMG’s existing

public affairs specialist, will operate under the BSMG name. BSMG’s UK

moniker, Charles Barker, will be phased out over coming months.



’This acquisition represents a major step for BSMG in the important

arena of public affairs,’ said David Bell, chairman and CEO of BSMG

parent company True North, in a statement. BSMG president and CEO Harris

Diamond described GJW as ’a top-class firm’ and said the deal will

’extend (BSMG’s) ability to help our clients meet the global

challenge.’



In the wake of the GJW purchase, a new board has been created for

BSMG/UK, with GJW founder Wilf Weeks as chairman and BSMG’s Nan Williams

as CEO.



GJW will shortly move out of its offices to join BSMG in Leicester

Square, and the GJW Brussels outfit will be folded into Paul Adamson’s

BSMG-owned Belgian operation.



GJW board director and shareholder Rory Chisholm is the only senior

consultant departing the merged company. Chisholm, who had been waiting

for a deal to close so that he could accept an offer to head the

regulatory affairs practice at financial PR agency Finsbury, had been at

GJW since 1988.



He returned his shares of ownership in the firm to its senior staff.



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