Bishop-McCann makes its first acquisition in the companies after 23 years
In January 2020, Bishop-McCann LLC (Bishop) announced its acquisition of the meeting-and-events segment of ASE Group Inc. (ASE) for an undisclosed amount. This marked the first acquisition in the company’s 23-year history. ASE’s meeting-and-events division, which serves the franchise industry, was a huge selling point for Bishop, as it is one of their key markets. Bishop stated that it expects the acquisition to bolster annual revenue by an additional 15.0% to 20.0%.
M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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