M&A Deal Summary

Parpia Marketing Management Acquires The Summit Group Communications

On November 9, 2021, Parpia Marketing Management acquired marketing company The Summit Group Communications from The Summit Group

Acquisition Highlights
  • This is Parpia Marketing Management’s 1st transaction in the Marketing sector.
  • This is Parpia Marketing Management’s 1st transaction in the United States.
  • This is Parpia Marketing Management’s 1st transaction in Utah.

M&A Deal Summary

Date 2021-11-09
Target The Summit Group Communications
Sector Marketing
Buyer(s) Parpia Marketing Management
Sellers(s) The Summit Group
Deal Type Divestiture

Target

The Summit Group Communications

Salt Lake City, Utah, United States
The Summit Group Communications is a full-service marketing, communications and advertising agency that provides world-class strategies and solutions to increase engagement, exposure, revenue, and business growth opportunities for its clients. The Summit Group Communications is based in Salt Lake City, Utah.

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Buyer(S) 1

Buyer

Parpia Marketing Management

Dubai, United Arab Emirates

Category Company
Sector Marketing
DESCRIPTION

Parpia Marketing Management specializes in helping small and medium sizes businesses grow in the digital world. the company's passion for creating digital content is like non-other. It provides a wide range of services for clients with a complete solution for their digital marketing and branding requirements. Parpia Marketing Management is based in Dubai, United Arab Emirates.


DEAL STATS #
Overall 1 of 1
Sector (Marketing) 1 of 1
Type (Divestiture) 1 of 1
State (Utah) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1

Seller(S) 1

SELLER

The Summit Group

New York, New York, United States

Category Company
Sector Information Technology
DESCRIPTION

The Summit Group has a twenty-year history of success in project management and systems implementation and has considerable breadth and depth of talent. We have a core of experienced professionals with diverse skills that can be supplemented by our affiliates and contractors, as needed. TSG has assisted a wide variety of firms with their systems integration projects and in supporting the concepts of Straight Through Processing. With a client list that includes many of the top firms in the industry, we primarily serve the financial services industry and have had experience in supporting various municipalities and technology companies. We have extensive domestic and international experience in numerous leading banking and securities processing activities.


DEAL STATS #
Overall 2 of 2
Sector (Marketing) 1 of 1
Type (Divestiture) 2 of 2
State (Utah) 1 of 1
Country (United States) 2 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-13 Securities Operations Forum

New York, New York, United States

Securities Operations Forum is an information center for operations professionals in the financial services industry, Securities Operations Forum provides training courses, workshops, conferences, news and research to banks, broker/dealers, insurance companies, vendors, regulatory agencies and industry associations.

Sell -