Mar 27, 2014
Knutsford, UK — Fishawack, one of the largest independent medical communications organisations, has acquired JK Associates, Inc, significantly expanding Fishawack’s presence in the USA. JK Associates operates under the JK Medical Communications, Arbor Communications, and Endpoint Medical Communications brands, as well as 1010 Digital. With teams based in Philadelphia (PA), and Ann Arbor (MI), JK adds to the Fishawack Communications team already based in Philadelphia.
“Along with what is now Fishawack Communications Inc, this is our second US acquisition,” said Oliver Dennis, CEO of the Fishawack Group. “Clients want integrated agencies that can work together across geographies on global accounts when required. When we discussed the synergies between us it was obvious – Fishawack needed more depth in the USA and JK needed a European-based team with greater resources.”
John (Zeke) Czekanski, President and CEO of JK, commented: “We first worked with Fishawack in 2004 on a joint business pitch. We were so impressed then that we thought we might join up one day. Ten years later and we have. Kevin and I are excited to continue managing the day-to-day operations of JK and look forward to joining the Fishawack board.”
“We believe we’ve found a good fit for JK,” added Kevin D. Pawley, COO of JK. “Fishawack is one of the fastest growing global medical communications specialists and that presents opportunities for our teams.”
Gail Flockhart, Group Managing Director of Fishawack, explained: “Our business model is to have critical mass co-located with our clients with UK-based support for when scale is needed. This means that in medical communications, the ideal agency profile is one with critical mass in three key locations: the USA, the UK, and Switzerland. Fishawack is truly unique in this regard.”
“We’re excited to have a sister company just a short drive away,” commented Béa Benoit, Executive Vice President of Fishawack Communications Inc. “We’ve been working together with JK for some time, so it’s great to be able to say that we’re now part of the same group of companies.”
“We have a tremendous investment partner in GCP (Growth Capital Partners) and together we plan further expansion,” said Dominic Miller, Fishawack’s CFO. “We would like to thank Ruth Percival and James Fieldhouse of BDO (Manchester, UK) for corporate finance lead advisory, Craig Scott and Michael Murphy of Hill Dickinson LLP (Liverpool, UK) who provided legal oversight of all aspects of the transaction, and Malcolm Sandilands of Dickstein Shapiro (Washington DC, USA) for lead US legal support.”