Advertising agency McKinney is back under local control.

Managers at the firm said Thursday that they had bought control of the firm from Havas, a conglomerate based in Paris.

Financial terms were not disclosed.

McKinney manages several high-profile accounts, including Coldwell Banker, Virgin Atlantic Airways and Virgin Mobile. Those three wins, which were announced last year, came after McKinney lost big accounts with Audi and Sony.

In 2007, McKinney generated some $25 million in revenue, according to Adweek. McKinney produced some $40 million in revenue the previous year.

The company, which launched in 1969, employs around 190 people. Some 35 percent of its revenues are derived from digital operations, Adweek reported.

McKinney Chairman and Chief Executive Officer Brad Brinegar said the deal meant more freedom for local executives and “to keep the fruits of our labors,” he told Adweek.

Brinegar and Havas announced the deal in a joint statement.

“We’ve enjoyed a very cordial and autonomous working relationship with Havas and are proud of the contributions we have delivered to them," Bringear said. said “But we have long wished to be able to compete as an independent agency, and we were thrilled when this opportunity presented itself."

In Paris, Havas CEO Fernando Rodes said the sale would enable Havas to “focus on our core global brands.”

Rodes also noted that the deal gave Brinegar and other managers the control they had sought, noting in a statement “this is a good time to act on the interest Brad and his team have long expressed to own the agency. This sale is beneficial for both parties."

Havas acquired McKinney in 2001 when the agency was known as McKinney & Silver. McKinney had been part of marchFirst.