July 12, 2006

Aspen Marketing Services has acquired ad agency DVC Worldwide. The transaction adds names like Kraft Foods, JVC, Georgia-Pacific and Tassimo to Aspen Marketing's client list.

The acquisition brings with it 40 out of 50 DVC employees in its Morristown, N.J. office and the imminent opening of a new Aspen office in New York. Terms of the deal were not disclosed.

“Like a lot of the big ad agencies, the WPPs and the Publicises, we look at the human capital side and when we see talent, it just encourages us to acquire it before anybody else does it,” said Patrick O’Rahilly, CEO of Aspen Marketing, Chicago.

DVC is expected to bill $12 million this year, taking Aspen Marketing’s anticipated yearlong billings to $275 million. DVC, however, will lose its name.

Aspen Marketing is a full-service independent agency with clients like General Motors, AT&T, Hewlett-Packard, Motorola, Honeywell, Service Master and Mutual of Omaha.

Aspen Marketing has regional offices in Los Angeles, Atlanta, Detroit, St. Petersburg, FL, and Boise, ID, along with sales offices in Dallas, Phoenix and Birmingham, AL.

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The DVC acquisition is Aspen Marketing’s second in 2006, with plans to buy more for a larger national agency footprint. The added value of any purchase always is taken into consideration.

“One exciting part of the DVC acquisition is the PR component,” Mr. O’Rahilly said. “We’re looking forward to leveraging that across our client base.”

Source: DM News