FOR IMMEDIATE RELEASE
Richmond, VA and Lexington, KY – (August 15, 2011) Transact Capital is pleased to announce the acquisition of Drake & Company (D&C), an accredited association management company (AMC) based in Chesterfield, MO by AMR Management Services (AMR), a full-service AMC serving national, regional and local client partners. Transact Capital served as the financial advisor to AMR.
Founded in 1992 by Steve Drake, D&C grew from an event planning and public relations firm to a full-service association management company specializing in the food and agricultural industry. D&C has been recognized four times by the Public Relations Society of America with the Silver Anvil for Excellence in Public Relations and honored with the American Society of Association Executives Summit Award.
AMR Management Services advances association success for a variety of national, regional and local client partners, including nonprofit trade and professional organizations. AMR services include headquarters and administrative support, executive leadership, board management, research and issue management, government affairs, conference and event management, technology support and website development, content management, fundraising, and marketing and creative services. AMR is charter accredited by the AMC Institute and active in the American Society of Association Executives. To learn more, visit www.AMRms.com.
Transact Capital is an independent investment banking firm focused on the needs of small privately held companies with less than $100 million in revenues. With extensive experience in owning, running, or investing in private companies or divisions of public companies, the firm’s principals are able to help many business owners exit their companies or explore other opportunities.
“I have known Steve Drake for more than 15 years and have always admired his commitment and passion to our industry,” said John Ruffin, CAE, AMR President and CEO. “I am honored that he would trust me to continue his commitments to the D&C clients and team members. This acquisition solidifies AMR’s position as a leader in the AMC industry. AMR will maintain offices in Chesterfield, MO, Lexington, KY, and in Washington, DC. The combined company will be one of the 10 largest association management companies in the industry.”