“Some founders think that the day you sell your company is ‘the end’; that you’ve sold your baby,” Corbett wrote in a post on the ISL website. “I never set out to do that — so for years I resisted all the offers that came our way, of which there were many.”
However, the post goes on to say, there came a time when he realized that his nine-year-old, nearly 90-person advertising agency was no longer a small company, and needed the space and opportunity to grow further.
“We’ve done a deal so that our major league ambitions can be fully realized,” he adds. Neither Corbett’s announcement nor a WPP press release on the acquisition discloses any numbers.
— Jonathon Perrelli (@perrelli) August 2, 2016
ISL will continue to be based in D.C., Corbett’s announcement states, though the company will also develop an office at J. Walter Thompson HQ in New York.-30-