GRIZZARD VETERANS

Posted on by Chief Marketer Staff

Marketing Services Group, Inc. acquired Atlanta-based Grizzard Communications, a network of promotions and communications companies that includes Grizzard Advertising. The half-cash, half-stock transaction is valued at $100 million. New York City-based MSGI is partly owned by General Electric Co.’s GE Equity and Internet venture capitalist CMGI, Inc. Grizzard’s clients include MBNA America Bank and the American Red Cross. The combined business will have $200 million in yearly sales.

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