Williams Murray Hamm has been sold to Loewy Group, it emerged this morning, netting the consultancy’s three founders £7m.
Under the terms of the deal, the 20-strong design team will continue to trade as Williams Murray Hamm at its studio in Clerkenwell, London. The acquisition by Loewy follows an earlier rebuttal by WMH director Richard Murray to industry rumours of an impending sale or merger (DW 14 September 2006).
According to Richard Williams, one of the three founders of WMH, the consultancy wants to grow its offer across other branding disciplines and ‘needs to be part of a group to do this’. Charlie Hoult, chief executive at Loewy, calls the acquisition a ‘design industry coup’.
Williams Murray Hamm was founded by Richard Williams, Richard Murray and Garrick Hamm ten years ago and is one of the industry’s most respected design consultancies in the UK. It has won a total of 150 international design awards and topped Design Week’s Creative Survey chart, published this week.
The merger forms a key step in Loewy’s £15m expansion programme to build a £100m integrated network. Loewy acquired branding and communications consultancy Bite for £2m last month and has also snapped up public relations agency Ranier PR (DW 2 November 2006).