The former global CEO and Chairman of Grayling, Michael Murphy, has launched a new advisory boutique aimed at helping marketing services businesses to develop and grow.
Michael Murphy & Ltd – www.michaelmurphyand.com - will provide a range of specialist services to consultancies and agencies who want to enter new markets, broaden their services, find talent, access capital and expand through acquisition. The firm will also support businesses in other sectors which are experiencing rapid change, need to respond to particular challenges or are considering international or sector expansion.
Launching the new firm, Murphy said: ‘The need for all businesses to become social and the growing complexity of stakeholder engagement is opening up new opportunities for marketing services firms. There have been over 500 M& A deals globally in the sector in the past 12 months. As this consolidation continues these firms are also being replaced by a wave of new start-ups. They need support to grow and prosper.
‘Similarly there are many companies in manufacturing and services which, to survive, need to move from the comfort zone of their home market, sector or existing channels and expand their businesses.
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‘The ‘&’ in my company name represents my global network of partners with whom I will work to service their needs.’