The consolidation of fundraising agencies continues as international agency Thompson Habib Denison (THD) in Lincoln, Mass., was acquired by constituent experience management (CXM) company Moore. Terms of the deal were not disclosed.
Moore now has at least 40 companies under its umbrella with more than 3,000 employees. THD will continue to be led by Jay Denison as president who will report to Gretchen Littlefield, chief executive officer of Moore. There will be no changes to company leadership, employee positions or operations, according to a statement released by Moore. THD will remain focused on midsize and large nonprofits under their brand THD, a Moore company.
“The THD culture and strive for excellence matches our own, so it was the right fit for both of us,” said Littlefield. “The investment THD has made in their team of talented strategists and subject matter experts, coupled with their investments in data-driven analytic solutions, is reflected in the results they deliver to their long-term client partners. Now with the expanded Moore analytic, data and media products available to them, they will further expand their service offerings and deliver even greater growth for their clients.”
THD is a social impact agency committed to helping nonprofits grow through long-term, brand-loyal donor relationships and its core competencies: strategy, data, analytics, marketing, and creative. Founded in 1989, THD has clients in the U.S. and Canada serviced by its 76 employees.
“Over the last 18 months Moore has built new companies, purchased others, and grown resources within, with a purpose to invest in technology, supply chain diversification and people that will help our clients raise more money to fund their life changing work. Adding THD to the company furthers that goal,” said Littlefield. Most of the management at acquired firms has been kept intact.
This is not the first Massachusetts agency acquired by Moore this year. Moore bought Worcester Envelope Company in Auburn, Mass., this past February. The acquisition came less than 12 months after a $31-million investment Moore made in envelope manufacturing with the opening of Richmond Print Group in Virginia. Terms of that deal were not disclosed.
Moore also acquired fundraising agency Amergent in Peabody, Mass., a few weeks earlier. The 40-year-old Amergent is a direct response fundraising firm with an emphasis on food banks, healthcare institutions, faith-based organizations, advocacy and conservation groups. It also has a constituent relationship management tool, Amergent Portfolio™ Software.
The Amergent deal came around the same time as Moore’s acquisition of Washington Intelligence Bureau (WIB), one of the oldest donation processing service providers in the Washington, D.C., metro area. Terms of the deal were not disclosed.