This week Prosper Group announced that it served as transaction advisors to the management team of Cassidy & Associates in their purchase of the lobbying firm from Interpublic. Kai Anderson (CEO) leads the management team under new ownership along with Barry Rhoads (Chairman), and Jordan Bernstein (COO).
Prosper Group’s work with the management team included advising throughout the negotiation process, financial analysis, and strategic counsel through the documentation and closing process. Prosper Group will continue to provide counsel and advice to Cassidy & Associates as they migrate to become a fully independent firm.
David Bosses, who heads the firm’s New York office and M&A practice, led the assignment.
Anderson said, “David’s guidance and experience were invaluable to us during the entire process. Even during an amicable deal, such as this, trusted counsel ensures that you are well positioned for post transaction success.”
David Bosses commented, “This is a prime example of how Prosper Group supports agency owners and leaders in complex transactions and negotiations as well as post closing concerns. There will be strong long-term benefits for the Cassidy team in securing their independence from IPG. It is truly a win:win deal”
Prosper Group, founded in 2014, brings the expertise of former agency owners and leaders of global agencies to independent agency owners looking for support in charting a course for their future. Prosper Group serves as performance improvement, organizational development and transaction advisors to owners of marketing communications agencies. Prosper Group has offices in New York, Washington DC, Los Angeles, and San Francisco. Learn more: www.prospergroup.net.
If you are considering making an acquisition or selling your agency Prosper Group can support you with a range of services that will ensure that you minimize the risk associated with such transactions and maximize the value that the transaction will offer you and your company.
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