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Article: The Jayne Hancock Group buys Townsend Inc. in a $2 million deal: marketing, PR efforts to be under one banner.
- Article from:
- San Diego Business Journal
- Article date:
- July 23, 2007
- Author:
CopyrightCOPYRIGHT 2007 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Jayne Hancock Group has acquired 14-year-old Townsend Inc., and formed JHG-Townsend, which represents the combined forces of the two public relations agencies.
The value of the transaction, announced earlier this month, exceeds $2 million in a combination of cash, stock and incentives during the next three years, according to Jackie Townsend Konstanturos, 53, who will take on the title of executive vice president, and Jayne Hancock, 50, who will serve as chief executive officer.
The reason for the merger was to have the communications and public relations strengths of Townsend Inc. as well as the marketing expertise of the Jayne Hancock Group under ...