Next Fifteen buys M Booth

London-based PR firm Next Fifteen Communications Group Plc has acquired US rival M Booth & Associates for up to $17.3 million (£10.2 million).

The deal comes after the recent acquisition of UK PR firm Lexis Public Relations. M Booth was founded by Margi Booth and Brad Rodney and both will retain senior management positions in the business. The company generated revenue of $10.4 million and pre-tax profits of $1 million in 2008.

In the six months ending January 2009, Next Fifteen reported strong trading figures, with an increase in revenue of 10 per cent to £33.5 million, while pre-tax profits were up 15 per cent to £3.55 million.

In a trading update, Next Fifteen chairman Will Whitehorn said: ‘The group has been looking to make use of its strong balance sheet and has been pursuing several small acquisitions.’

Nick Britton

Nick Britton

Nick was the Managing Editor for when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

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