LOS ANGELES--(BUSINESS WIRE)--Intrepid Investment Bankers (Intrepid), a leading middle-market investment bank, today announced the acquisition of its client Pitch, Inc., a boutique, full-service creative advertising agency, by Project: WorldWide, Inc., an independent, global network of complementary, wholly-owned agencies. Intrepid served as Pitch’s exclusive M&A advisor.
“We have known the management of Pitch for nearly 20 years and have followed the progress of the agency since its inception,” said Mike Rosenberg, Senior Managing Director at Intrepid. “We were pleased to have been able to assist Pitch in facilitating a deal with the right partner. The cultural fit was important to both Pitch and Project: WorldWide and this partnership aligns the vision of both teams.”
“We were approached by several large holding company suitors, but ultimately we felt that Project: WorldWide offered Pitch the opportunity to remain entrepreneurial, while tapping into larger resources and a global network,” said Jonathan Banks, Principal and CEO of Pitch. He added: “The Intrepid team really understood our core business and how we work with global brands to pitch their stories. Their creativity and tenacity were crucial in structuring a deal that met the shareholders’ objectives and something we truly appreciated.”
“Pitch presented good collaborative potential,” said Robert G. Vallee, Jr., Chairman and CEO of Project: WorldWide. “People are the most important part of the equation. When we find we have good chemistry with senior management at forward-thinking agencies, it gets our attention.”
Culver City, Calif.-based Pitch got its start in 2008 and has grown into a creative agency hot shop; recently being named one of the “Small Agencies of the Year” and “Top 10 Agencies to Watch in 2014” by Ad Age. Pitch handles advertising work for widely-recognized brands such as Burger King, Pepsi, Meineke, Living Spaces and Pinkberry.
For further information on this transaction, please contact Mike Rosenberg, Senior Managing Director, at 310-478-9000 or MRosenberg@IntrepidIB.com.
About Intrepid Investment Bankers
Intrepid Investment Bankers is a specialty investment bank that provides M&A, capital raising and strategic advisory services to middle-market companies across various industry sectors. We have a unique culture rooted in our founders’ successful 30-year history of advising entrepreneur and family-owned businesses, financial sponsors and major corporations. We believe that every company has an entrepreneurial passion that drives it and a story that defines it. We deliver unconventional results through our unique ability to tell each client’s story, and drive relentless execution through senior banker immersion in each process. We augment our international capabilities through our membership and active participation in M&A International Inc., an exclusive global alliance of select independent middle-market M&A advisory firms. Member FINRA/SIPC. Follow INTREPID