ASX-listed advertising firm Enero Group has sold Melbourne PR and lobbying shop CPR to rival operation Civic Partnership. The undisclosed amount paid for CPR is not expected to significantly impact Enero's bottom line. CPR has been a breeding ground for young professionals with political aspirations.
The great corporate affairs consolidation continues, making life ever-harder for anyone hoping to easily procure an unconflicted adviser or spinner. At this rate, there’ll soon be three or four massive shops running the comms and investor strategies for the whole ASX 200. At least, until the earn-outs conclude and the cosiness encourages someone to break to out on their own, starting the whole cycle again.
On Tuesday, ASX-listed advertising firm Enero Group offloaded Melbourne PR and lobbying shop CPR to a rival operation led by a former CPR staffer.’s Civic Partnership will pay an undisclosed amount for CPR, though given the 30-year-old firm contributed only $2.7 million in revenue to Enero’s bottom line in FY23, we suspect it isn’t breaking the bank to do so., after taking their share in the $28 million payday that accrued from selling their former firm Third Person in 2007.
While nowhere near as ubiquitous as it used to be, the now-subsumed CPR has long been a breeding ground for bright young things with political aspirations. Alumni include federal Treasurer
Enero Group Melbourne PR Lobbying CPR Civic Partnership Acquisition Business Consolidation
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