WRG Creative Communications has acquired live communication agency Canyon, following last year's £12m (€15m) investment by LDC.
WRG's purchase of Canyon for an undisclosed sum comes as its first since LDC's investment in August last year.
The Manchester-based WRG has offices in London and High Wycombe as well as bases in New York and Doha. The company specialises in delivering live events for blue chip clients and the acquisition of Canyon will be used to strengthen WRG's creative, film and logistics offerings.
Staff from WRG are now working alongside Canyon on events for P&G and Jaguar Land Rover which will take place next month and in October.
LDC's purchase of the live events and marketing agency saw former BBC chairman Lord Michael Grade join WRG's board as a non-executive director, while this new deal will bring Jonathan Boyne, Canyon's managing director, onto WRG's executive board of directors.