Tokyo-based agency holding company Dentsu Holdings announced Wednesday it will acquire New York-based ad firm mcgarrybowen, whose clients include JPMorgan, Chase, Kraft, Disney, Marriott International, News Corp. and more. Terms of the deal were not yet disclosed, Media Post reported.

mcgarrybowen, founded in 2002, is a full-service agency providing both traditional and digital advertising.

Billings were not disclosed either, but Dentsu said that mcgarrybowen now ranks as the 10th largest "independent" agency in the U.S., Media Post reported.

Dentsu chief Tatsuyoshi Takashima made a commitment two years ago to grow the company's presence globally, especially in the U.S. market. Dentsu had a short-lived joint-venture with Young & Rubicam (now part of WPP Group), which became part of the basis for Dentsu America.

In 1994, Dentsu set up its first wholly-owned ad subsidiary in the United States, DCA Advertising, which was re-branded as Dentsu America in 2006, according to Media Post. In October 2007, Dentsu America bought Attik, a San Francisco-based design shop best known for the its work launching Toyota's Scion brand.

In March 2007, the Santa Monica office of Colby & Partners, a subsidiary of Dentsu Holdings, was also acquired by Dentsu America. It was combined with its existing office in Marina Del Rey and renamed Dentsu America Los Angeles, Media Post reported.