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WPP has acquired JeffreyGroup, a leading corporate communications firm in Latin America. This acquisition will double the footprint of Hill+Knowlton Strategies in the region, enhancing WPP's presence in a key growth market. JeffreyGroup, headquartered in Miami with 330 employees across major Latin American cities, has worked with top clients such as Amazon and Salesforce. This move aligns with WPP's strategy to strengthen its communications services, reflecting the increasing demand for agile partners in today's complex environment.
Positive
Acquisition of JeffreyGroup doubles Hill+Knowlton Strategies' presence in Latin America.
Strengthens WPP's established positioning in a high-growth communication market.
Access to extensive resources and opportunities for JeffreyGroup employees.
Enhances service offerings for existing and potential clients, including major brands.
Negative
None.
JeffreyGroup will join WPP’s Hill+Knowlton Strategies, creating the largest global communications agency presence in Latin America
LONDON--(BUSINESS WIRE)--
WPP (NYSE: WPP) today announces the acquisition of JeffreyGroup, one of the most respected independent corporate communications, public affairs, and marketing consulting firms in Latin America.
JeffreyGroup will join the Hill+Knowlton Strategies international network and will create the largest global communications agency presence in Latin America, doubling Hill+Knowlton Strategies’ footprint in the region. Headquartered in Miami, with 330 people across offices in Mexico City, Brasilia, Rio de Janeiro, São Paulo and Buenos Aires, JeffreyGroup has been a powerhouse in Latin America for nearly three decades.
The agency specialises in developing innovative, award-winning brand and corporate communications programmes and public affairs strategies for clients across a broad range of industries, including Amazon, American Airlines, AstraZeneca, Bacardí, Bayer, BlackRock, Johnson & Johnson, Marriott International, Salesforce, TikTok, and Walt Disney World Resorts. JeffreyGroup also recently earned more nominations than any other agency in PRovoke Media’s upcoming 2022 Latin America SABRE Awards.
AnnaMaria DeSalva, Global Chairman and CEO of Hill+Knowlton Strategies, said: “I’ve admired JeffreyGroup since my early days as one of its clients, and I’m delighted to welcome it and its employees into the Hill+Knowlton and WPP families. Latin America is one of the most dynamic communication markets today, offering a growing scope of talent and innovation. Our combination with JeffreyGroup creates step change opportunities and I’m excited about what we’ll be able to achieve together.”
Jeffrey Sharlach, Founder and Chairman of JeffreyGroup, said: “The success of JeffreyGroup over the past 30 years in Latin America has been due in large part to our ability to evolve and adapt in a dynamic region of the world with diverse conditions, customs, and cultures. Joining forces with WPP and Hill+Knowlton is an exciting step forward in this evolution and opens up a world of resources for our clients and opportunities for our hundreds of employees.”
Mark Read, CEO of WPP, said: “WPP’s public relations and communications services have never been more in-demand. Our clients want agile partners who can help them navigate today’s complex world and create the right spaces to tell their stories. Latin America continues to be an important growth market for our clients, and JeffreyGroup will strengthen our established presence in the region and bring deep-rooted experience of delivering tailored communications strategies that resonate with audiences.”
JeffreyGroup becomes the latest in a series of acquisitions – including Newcraft, Corebiz, Bower House Digital and Village Marketing – that form part of WPP’s accelerated growth strategy and focused M&A approach that further strengthens the company's core creative capabilities in marketing, communications and design, and builds on existing capabilities in experience, commerce and technology.
About WPP WPP is the creative transformation company. We use the power of creativity to build better futures for our people, planet, clients and communities. For more information, visit www.wpp.com.
About Hill+Knowlton Strategies
Hill+Knowlton Strategies, Inc. is an international communications consultancy, providing services to local, multinational, and global clients. H+K operates more than 70 offices in nearly 40 countries worldwide, as well as an extensive associate network, delivering award-winning campaigns to clients across all sectors and disciplines and with a focus on continued innovation for the industry. Headquartered in New York, the firm is part of WPP, one of the world’s largest communications services groups.
For more information about H+K, click here, follow us on Twitter here, like us on Facebook here, and follow us on LinkedIn here.
About JeffreyGroup
JeffreyGroup is the leading independent corporate communications, public affairs and marketing consulting firm in Latin America, with a successful 29-year track record advising multinational companies and global brands across a broad range of industry sectors. Headquartered in Miami and with more than 330 employees, JeffreyGroup has offices in Mexico City, Brasília, Rio de Janeiro, São Paulo, and Buenos Aires, supported by a network of local agency partners providing capabilities across the entire region. JeffreyGroup is proud to serve some of the world’s largest companies and best-known brands, including Amazon, American Airlines, AstraZeneca, Bacardí, Bayer, BlackRock, Johnson & Johnson, Marriott International, Salesforce, TikTok, and Walt Disney World Resorts, among others. www.jeffreygroup.com
Further information
Louise Lacourarie, WPP +44 (0)20 7282 4600 / +44 7741 360931
louise.lacourarie@wpp.com
Source: WPP
FAQ
What does the acquisition of JeffreyGroup mean for WPP?
The acquisition allows WPP to double its communications footprint in Latin America, enhancing service capabilities in a key growth market.
When was JeffreyGroup acquired by WPP?
WPP announced the acquisition of JeffreyGroup in a press release dated September 20, 2022.
How will JeffreyGroup's clients benefit from this acquisition?
Clients will benefit from enhanced resources and improved communication strategies through WPP's broader international network.
What industries does JeffreyGroup serve?
JeffreyGroup serves a range of industries, including technology, healthcare, and entertainment, with clients like Amazon and Salesforce.
What is the expected impact of the acquisition on WPP's stock performance?
The acquisition is expected to strengthen WPP's market position and service offerings, potentially leading to positive impacts on its stock performance.
