Thu, 08 Jan 2015 | MBO/MBI
Specialist digital agency Teabag has been purchased by Intermarketing Agency in a buy-out which secured all existing staff members and clients.
Managing partners at Intermarketing Agency, Jamie Allan and Steve Sowden, have been working on expanding the business since they bought it three years ago in a management buyout. They have increased the number of workers, as well as the number of clients and the firm's offerings.
This latest acquisition - which saw them take on Leeds-based Teabag from owners Liam Grogan, Stuart Baker and Adam Blain- has grown the company further, with employee numbers now approaching 100.
Intermarketing Agency hopes to benefit from Teabag's digital and motion experts in order to expand its digital capabilities.
Managing partner, Jamie Allan said: "We've been working for a few years together across projects for our clients so the buy-out was a logical move and beneficial to all. Digital now impacts on nearly every campaign we run for our clients and this expansion has been a key part of our strategy."
Mr Grogran agreed, adding: "We firmly believe that Intermarketing Digital will offer our existing and new clients the best digital and motion services in the business."
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