Connectpoint link up with The Chase
Hasgrove – the new parent company of Manchester based Connectpoint – has announced the acquisition of The Chase, one of the most successful agencies outside of London, as part of a deal that will see both agencies linking up to provide what Hasgrove hope will become an ‘unrivalled communications business.\"
The Chase will retain its identity and sit alongside the Connectpoint branded companies as pert of Hasgrove’s strategy to build an international group of companies as part of the acquisition, which was made for an \"undisclosed sum.\"
The Chase founder Ben Casey will join the board and will work alongside Connectpoint chief executive Nick Bradshaw.
Bradshaw commented on the deal stating: \"The Chase is a world class company, with a creative record that very few other design consultancies can touch. Our combined businesses offer each other numerous benefits which we’re now busy exploiting.\"
The Chase generated fees of over £3m on turnover of £7m last year and employs more than 40 people at offices in Manchester, London and Preston; clients include M&S Money, Diageo, Fujitsu, Yorkshire Water, the BBC and the Co-operative Bank Corporate Affairs..
The agreement with The Chase was brokered by Connectpoint’s founder Steve Rodgers who added: \"The Chase is a natural component in the group’s long term growth plans – an outstanding business with a peerless creative reputation. We expect other deals of this nature to follow\" he added.
Ben Casey said of the deal: \"The important thing for me is for The Chase to be at the centre of a growing and close-knit group of companies that believes in the power of creativity.\"
He added: \"The alternative, being a small part of a huge multinational in which we lost our identity would probably stifle the very thing that has made us successful.\"
For more on this story see Adline’s May edition.