MKM Merges With RED The Agency Inc., Positions RED for Growth
MKM Merges With RED The Agency Inc., Positions RED for Growth in Western Canada
RED The Agency becomes one of western Canada's fastest growing advertising agencies
EDMONTON, ALBERTA -- (Marketwire) -- 10/04/12 -- RED The Agency has entered into an agreement to merge Edmonton-based MKM (Margaret Kool Marketing) into its existing operations. The two full-service advertising agencies have a combined staff of 40 and annual gross revenues of more than $20 million, including media expenditures. Both are privately owned, independent agencies.
"RED is thrilled to have an opportunity to join forces with MKM as we continue to grow and diversify," said Chief Marketing Officer and Founding Partner Monique Fikar-Janower. "This merger will strengthen our operations and enable us to serve a growing national and regional client base in western Canada."
RED The Agency was founded in Edmonton in 2001 by partners Lori Billey and Monique Fikar-Janower. Randy Cronin joined as partner and Director of Strategy in 2003, followed by Creative Director, Ryan Kelly in 2007. The agency opened its Vancouver office in 2007.
"MKM is excited to be joining forces with RED The Agency," said Margaret Kool, President of MKM. "Our combined team offers clients unsurpassed senior level strategic expertise and a passionate and diverse team of creative professionals with a highly successful background in traditional, social and digital media."
MKM was founded in Edmonton in 1990 by Margaret Kool and Andy Feher as Margaret Kool Marketing. Kool and Feher will both continue to provide strategic counsel to support key clients. MKM clients include Merit Contractors Association, the Alberta Construction Safety Association, Medicine Shoppe Canada, King's University College and University of Alberta International.
RED has built a reputation on the work of its award-winning creative team and has an expanding presence in online, social and interactive media. Clients are diverse and include OK Tire, Canadian Western Bank, Western Canada Lottery Corporation, EPCOR, Brookfield Residential and the Government of Alberta. Founders Fikar-Janower and Billey were recently listed on the Profit/Chatelaine W100 list of Canada's top female entrepreneurs.
"This merger makes RED The Agency a dominant player in western Canada and positions us well for continued growth," said agency President Lori Billey. "It's an important step forward as we continue to build a team of professionals to serve the needs of a growing client base."
With this announcement, RED The Agency has more than doubled in size from a staff of 15 in 2007, to a staff of 40 today. While RED has offices in Vancouver and Edmonton, all staff from MKM will work from RED The Agency offices in Edmonton's Railtown District.
To view the backgrounder associated with this press release, please visit the following link: http://media3.marketwire.com/docs/RED_backgrounder.pdf. Contacts: Celia Sollows (780) 239-4159 (cell) www.redtheagency.com http://mkm.ab.ca