CHICAGO: In a deal that adds PR and investor communications to an already stacked financial consulting operation, Lighthouse Holdings has bought Financial Dynamics, a British strategic communications company, for a rumored 40 million British pounds (nearly dollars 65 million US).
CHICAGO: In a deal that adds PR and investor communications to an
already stacked financial consulting operation, Lighthouse Holdings has
bought Financial Dynamics, a British strategic communications company,
for a rumored 40 million British pounds (nearly dollars 65 million
The acquisition marks the latest effort by Lighthouse, formed last
September, to put together one of the most comprehensive
across-the-board communications operations in existence. ’It gives us
another tool in our toolbox of marketing capabilities,’ said Lighthouse
chairman Terence Graunke. The group already boasts extensive consulting
and financial capabilities.
Lighthouse is not likely to stop with Financial Dynamics. The company
raised roughly dollars 217 million from two Chicago venture capital
firms and a management group led by Graunke to launch a buying binge.
Future acquisition targets are likely to include other PR firms.
According to president Martin Beck, Lighthouse wants to offer ’not just
business consulting and not just media consulting,’ but a broad array of
services to shape its brands and messages, thus creating what he calls
’selling experiences.’ He added, ’Lighthouse will be about speed,
innovation and growth.’
Financial Dynamics had no US presence before the deal, but will now gain
that reach as part of Lighthouse. Current agency management will likely
be retained to ensure a smooth transition.
In its purchases, Lighthouse has traditionally sought companies with
strong upper-level managers and allowed them to continue to run their
operations. Beck himself joined the company when his former employer,
Fitch, was bought by Lighthouse.
Besides Fitch (a products design firm), Lighthouse acquisitions have
included Primo Angeli, a branding and design consultant; Davidson
Marketing, a consumer marketing agency; and Fantastic Sports, a sports
LIGHTHOUSE RECENT ACQUISITIONS
Davidson Marketing - a consumer marketing agency
Fantastic Sports - a sports marketing operation
Fitch - a products design firm
Primo Angeli - a branding and design consultant.