
PR Holding Companies
The PR Agency Consolidation Report: H1 2026
More than 12,000 jobs eliminated. Omnicom-IPG merged. Edelman cut deep. Stagwell grew. The structural shift from holding company scale to independent agility accelerated in H1 2026.

More than 12,000 jobs eliminated. Omnicom-IPG merged. Edelman cut deep. Stagwell grew. The structural shift from holding company scale to independent agility accelerated in H1 2026.

In 2011, Michael W. Kempner closed a management-led buyout of MWW Group from Interpublic Group (IPG)—ten years after the original sale. The move re-established MWW as one of the largest independent public relations agencies in the United States. This article details the buyout and its long-term impact.