Dallas-based Alliance Data Systems is acquiring Illinois-based privately held marketing services agency, Aspen Marketing Services, for $345 million. Texas-based Alliance is expecting to complete the transaction in the second quarter of this year. BofA Merrill Lynch provided financial advise to Aspen on the deal. Aspen is expected to generate around $250 million in revenue and $40 million in earnings before interest, taxes, depreciation and amortization.

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