Declan Kelly firm acquires Dublin-based PSG

Teneo, the international executive advisory firm co-founded by Declan Kelly and headquartered in the US, has acquired Dublin-based public relations agency PSG Communications for an undisclosed sum.

PSG was established two years ago via the merger of established PR firms Pembroke Communications and Slattery Communications.

PSG’s existing senior management team, including chief executive Mick O’Keeffe and executive chairman Padraig Slattery, will continue in their roles.

They will report to Charles Watson, chairman of Teneo International, who will join the PSG board.

Brendan Murphy, who heads Teneo’s Irish operations, will become vice chairman of PSG.

Speaking yesterday, Mr Kelly said the move further strengthens Teneo’s capabilities in Ireland and across Europe.

“Ireland is a critical market for many multinational corporations today, and a great place to invest in the current volatile post-Brexit environment,” said Mr Kelly.

“The addition of PSG provides our clients with access to additional world-class expertise and capabilities.”

PSG chief Mick O’Keeffe said his company has created “a new structure” for Irish communications firms, while Teneo has created “a new global consultancy model”.

“We believe the enlarged consulting platform this will bring us will be of enormous benefit both to our clients and our team and gives us a massive competitive advantage,” he added.