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GP BULLHOUND ADVISED DKC ON MAJORITY INVESTMENT LED BY SOLACE CAPITAL-BACKED ACC

Strengthening Communications and Marketing Capabilities Through Strategic Acquisition

New York, 19 September 2024 - GP Bullhound is pleased to announce its role as the exclusive financial advisor to DKC, a leading communications and marketing firm based in New York and one of the top 10 independent PR agencies in the U.S., in selling a majority stake to Acceleration Community of Companies (ACC), a Los Angeles-based communications and marketing firm backed by private equity firm Solace Capital.

Founded in 1991 by Dan Klores, DKC has established itself as one of the leading independent PR and communications firms in the United States, working with global brands such as BMW, Etsy, Resy, Thumbtack, Indeed, Clear, the Big East Conference, Delta Air Lines, the National Basketball Association, Match Group, Citi and NYU Langone Health. The firm offers a wide range of services, including public relations, crisis communications, digital strategy, and creative services, positioning DKC as a powerhouse in the industry.

With the acquisition of DKC, ACC continues to expand its capabilities, building a best-in-class platform that delivers comprehensive paid, earned, shared, and owned media solutions. DKC’s full suite of strategic communications solutions, creative and experiential marketing offerings, and digital analytics capabilities represent a highly complementary addition to ACC.

Sean Cassidy, CEO of DKC, commented: “We have had a long-standing relationship with GP Bullhound and feel they are the best in the business.  They provided us critical guidance in structuring the relationship with ACC to best fuel DKC’s next chapter of growth.   Throughout the process, GP Bullhound provided invaluable support and were successful in achieving a great outcome for our team. We are very excited to partner with ACC and are very grateful for our relationship with GP Bullhound.”

“Sean Cassidy and Matt Traub have continued to build and grow a best-in-class team and organization, originally founded by Dan Klores over 30 years ago. We look forward to seeing what the combined teams will accomplish in their next stage of growth. This acquisition will further elevate ACC’s platform and DKC’s incredible legacy, positioning both companies for continued success.” said Greg Smith, Partner at GP Bullhound.

Alongside this transaction, Verance Capital has made a strategic growth investment in ACC, supporting the company’s expansion and enhancing its ability to serve clients across a broad spectrum of industries.

Enquiries
For more information, please contact: 
Greg Smith, Partner at greg.smith@gpbullhound.com

About ACC
ACC has developed a new go-to-market business approach with a series of strategic and complementary acquisitions. Acceleration’s unique community of specialized firms helps clients move quickly and efficiently with their branding, marketing, and media decisions and actions, by ensuring all agencies are tech-enabled, with data and analytics utilization linking them all together and driving maximum results for their clients. Between ACC Advisory and its current business portfolio, clients and projects include a mix and range of Fortune 500 as well as direct-to-consumer brands, including Google, Amazon, DoorDash, Pepsi, Netflix, Target, Stanley, Opera Software, Meta, Delta Airlines, Dolby, T-Mobile, and HBO, among others.

About DKC
Established by Dan Klores in 1991, DKC is one of the top 10 independent PR firms in the United States by fee revenue. Headquartered in New York City with offices in Los Angeles, San Francisco, Albany, and London, DKC is a full-service public relations, marketing, creative services, data analytics, and government affairs company, providing all communications services including strategic counsel and planning, media relations, digital and social media, integrated marketing, executive positioning, crisis management, public affairs, original content development, event production, advertising, and branding. The agency’s diverse client roster includes Fortune 100 companies, entrepreneurs, nonprofits, and creative individuals across a broad range of industries. For more information, visit www.dkcnews.com.

About Verance Capital
Verance Capital is a growth investment firm that partners with leading entrepreneurs and management teams in the sports, media, and live entertainment industries. With a flexible and long-term approach to investing, Verance leverages its industry expertise and an expansive global network to drive success for its partners. For more information, visit www.verancecap.com.

About Solace Capital Partners
Solace Capital Partners is a Los Angeles-based private investment firm focused on providing flexible capital solutions for middle-market companies in the United States and Canada. Solace seeks to form collaborative partnerships with management teams and leverage the firm’s extensive resources to realize operational improvements and drive performance in its portfolio companies while generating attractive risk-adjusted returns for its investors. For more information, please visit www.solacecap.com.

About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999, with offices in London, Menlo Park, and across 12 locations in Europe and the U.S., GP Bullhound delivers world-class advice to innovators and investors globally. For more information, visit www.gpbullhound.com 

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