KC Business Journal: Lawrence advertising agency Callahan Creek has acquired Kansas City-based CHRW Advertising Inc., the two agencies confirmed Monday.
Financial terms were not disclosed. Through the agreement, CHRW principals Steve Ward and Jeremy Ragonese and three other staffers will begin working at Callahan Creek’s Lawrence office by the end of the month. Another CHRW partner, Dave Cacioppo, will remain head of emfluence, the interactive arm of CHRW that will be an independent company.
CHRW clients that will become part of Callahan Creek’s roster include Boulevard Brewing Co., Indigo Wild, American Century Investments, The Roasterie and LaserCycle. Callahan Creek’s clients include Hill’s Pet Nutrition, Sprint Nextel Corp., Payless ShoeSource Inc., Children’s Mercy Hospitals and Clinics, and the Kansas Department of Commerce.
The acquisition will bring Callahan Creek’s head count to 41 employees. The 23-year-old company has $32 million in annual capitalized billings.