touch associates, an integrated communication and events agency, has announced that it has formally merged with Milton Keynes-based events agency dbmt, after a year of working collaboratively.
touch director, Patrick Collins, said: “In a thoroughly modern merger, touch formed a strategic alliance with dbmt and like most grown-up modern relationships we decide to live together first to see if we were truly compatible and that collaboration went so well it made sense for the two companies to become one!”
Following the merger, shareholders now include David Bottrill, Patrick Collins, Mike Ford, Nick Bender, Colette Murphy and David Selden.
The partnership is expected to yield a new record turnover in the region of £25m for the year ending 2016. Projected growth of 50% is also expected for the current year.
Bottrill said: “The decision to become one with touch was an easy one to make, the success during the year we spent together exceeded expectations in every way and it just made sense to take the relationship to the next level. It continues to be business as usual looking after our clients delivering the same great service and dedication that they have always enjoyed but with just a bit of touch magenta magic sprinkled in there too.”
David Selden, who as part of the expansion and investment in the future growth of business, also became a shareholder in the group and joined the board of touch in 2016, we he heads up the commercial and governance function, with a particular focus on M&A opportunities. He commented: “There are huge benefits for both businesses. It further diversifies touch’s expertise and broadens the sectors we work in. dbmt has a fantastic reputation with its clients, particularly in the automotive sector, and we can now offer an expanded range of services to them”.
touch currently has two offices in the UK: Leatherhead and Milton Keynes, and a third office in Indianapolis in the US, with a further US office opening in New Jersey in March.