Acquisition Provides Pitch with Expanded Capabilities, Larger Resources and Global Network
Intrepid 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.
Deal Team Contact
About Intrepid Investment Bankers
Intrepid Investment Bankers provides M&A, capital raising and strategic advisory services to entrepreneurs and middle-market companies in various industry sectors. Our heritage, rooted in our founders’ successful 35-year history, breeds a culture that embraces teamwork, tenacity and creativity to win big for our clients. We believe that every company has an entrepreneurial passion that drives it and a story that defines it. Our team delivers results through skillful positioning of the client’s story and relentless execution. Based in Los Angeles, Intrepid augments its international capabilities through active membership in M&A International, an exclusive global alliance of M&A advisory firms.