Monday, April 25, 2011
Alliance Data Buys Aspen Marketing Services
Dallas-based Alliance Data Systems said today that its Epsilon business has acquired Aspen Marketing Services, a marketing services agency. Alliance said it would pay $345 million plus a working capital adjustment for the company. Alliance explained that Aspen Marketing Services has particular strength in the automotive and telecommunications industries, and will generate $250 million in revenues and $40 million in EBITDA in 2011.