Monday 19 February 2018

Declan Kelly's Teneo buys Dublin PR firm PSG Communications

Declan Kelly, Teneo
Declan Kelly, Teneo

Donal O’Donovan

PR heavyweight Declan Kelly’s US based Teneo has announced its acquisition of Dublin firm PSG Communications.

Tipperaryman Declan Kelly is the chairman, chief executive and co-founder of Teneo, a global communications consultancy based in the US, as well as a long career in PR he served at one stage as the US Economic Envoy to Northern Ireland, having been appointed by then US Secretary of State Hillary Clinton.

Read more: Brian O'Driscoll joins New York-based Teneo as sports adviser

Dublin firm PSG has a staff of 55 and was founded in 2014 from a merger of Pembroke Communications and Slattery Communications.

Following its sale, PSG senior management team, including chief executive Mick O'Keeffe and executive chairman Padraig Slattery, will continue in their roles and to lead the business.

They will now report to London based Charles Watson, chairman of Teneo International who will join the  board  of PSG, together with Brendan Murphy, who currently leads Teneo’s operations in Ireland and will become vice chairman.

“Today’s acquisition further strengthens our capabilities in Ireland and across  Europe,”  said Mr Declan Kelly, Chairman and CEO of Teneo who is also a brother of Labour TD Alan Kelly.

Teneo has had an operation in Dublin since 2011, one of its 14 offices across the Americas,  Europe, the Middle East and Greater China. In January 2015 Private Equity firm BC Partners acquired a minority stake in Teneo.

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