NEW YORK: Global Consulting Group, a New York-based international corporate communications, investor relations, and public affairs consulting firm, has acquired Summit Consulting Group, a Chicago-based strategic corporate communications and public affairs. The financial details were not disclosed.
Summit is now known as the Chicago office of GCG and there are no planned layoffs or expected redundancies, according to CEO Richard J. Wolff. Grayson Mitchell, Summit's former CEO, will lead the office as EVP for GCG Chicago.
GCG pursued the acquisition after determining that Summit was compatible with GCG's culture and core competencies. GCG also views Chicago as a key US market.
"There are a fair number of corporations that prefer to have their principal advisor or a contact for a team out of a Midwestern city."
He added: "There aren't a lot of markets we want to be in in the US because we're not really doing local-orientated public relations. From a corporate and financial perspective, Chicago is important."
Wolff cited Mitchell's public affairs experience and the firm's work on positioning the profiles of CEOs and their companies as core benefits.
Summit clients include JC Decaux, a French-based street advertising company and The Northern Trust Company.
"We have high expectations for that office and expect it to grow considerably. We were pleased that all of the senior partners chose to remain with us."
GCG is a part of the Huntsworth, a specialist communications group focusing on PR.