Burrell Communications Group Acquired By FVLCRUM
Retrieved on:
Wednesday, October 25, 2023
CHICAGO, Oct. 25, 2023 /PRNewswire/ -- After leading the agency to sustained growth and success since purchasing a majority stake from founder Tom Burrell in 2004, Burrell Communications Group's Co-CEOs McGhee Osse and Fay Ferguson have announced a transition to new ownership.
Key Points:
- Burrell, one of the most highly regarded multicultural advertising agencies in the world, was acquired by an equity consortium led by FVLCRUM Funds ("FVLCRUM") and Channing Johnson.
- Chijioke Asomugha, Partner of FVLCRUM stated, "Burrell is an iconic company that has helped tell the diverse stories of many respected brands for more than 50 years.
- FVLCRUM is eager to build upon the impactful legacy of Burrell through this significant equity investment."
- Oaklins DeSilva Phillips acted as financial advisor to Burrell Communications Group, and Loeb & Loeb along with Davis & Gilbert as legal advisors.