AMR Management Services, a Lexington-based association management company, has acquired Drake & Co. (DrakeCo), an accredited association management company headquartered in Chesterfield, Mo.
All DrakeCo employees have joined AMR and will continue to support existing DrakeCo clients. Over time, overlapping departments will be consolidated to take the best processes and procedures from both companies.
The combined operations bring AMR to 65 employees, 30 full-service and project-based clients and more than $6 million in annual revenue. The combined company will be one of the 10 largest association management companies in the industry.
DrakeCo was founded in 1992 and has built “an outstanding reputation within the food and agricultural sector,” said AMR President and CEO John Ruffin. Ruffin said the combined company will work to build upon those successes while continuing AMR’s focus on the state government, medical/healthcare and hospitality industries.
In order to provide continuity of service and efficiently manage the larger AMR operations, DrakeCo Vice Presidents Hugh Whaley and Brian Reuwee will be retained as vice presidents in the new organizational structure. Nick Ruffin, AMR chief operating officer, will oversee the day-to-day activities of the combined company.
AMR will maintain the DrakeCo office in Chesterfield in addition to its headquarters in Lexington. AMR also provides government affairs support out of a satellite office in Washington, D.C.