Intrepid Investment Bankers (“Intrepid”), a leading middle-market investment bank and the advisory arm of global financial group, MUFG, announced today that it acted as the exclusive buyside advisor to RKD Group (“RKD”), a portfolio company of Incline Equity Partners (“Incline”), on its acquisition of Whiteboard. This marks the third acquisition that Intrepid has sourced for RKD.
RKD Group is North America’s leading fundraising and marketing solutions provider to mission-driven organizations. Founded in 1970, RKD serves over 250 enterprises across healthcare, disease research, social services, animal welfare, faith-based causes, education, and humanitarian relief, combining omnichannel fundraising, analytics, donor intelligence, creative strategy, and digital engagement to enable impact at scale. RKD helped its clients generate over $4.3 billion in revenue in 2025 and has more than 350 employees across the United States.
Founded in 2010 and based in Chattanooga, Tennessee, Whiteboard is an award-winning creative agency that combines strategy, creativity, and technology in service of storytelling. The agency has helped over 600 organizations, from TED Conferences to Smile Train, lead digital transformation end-to-end, specializing in brand strategy, digital experiences, platforms, and campaigns that advance mission-driven organizations. Whiteboard will continue operating under its existing brand and leadership structure, collaborating closely with RKD’s fundraising, analytics, creative, and client teams.
Intrepid was retained by RKD Group to identify strategic acquisition candidates to strengthen their portfolio of solutions tailored to support nonprofit organizations.
“Intrepid has been a trusted partner and a true extension of our corporate development team. They understood our acquisition strategy, sourced the right opportunities, and executed a disciplined outreach process that helped RKD Group complete three acquisitions. Each transaction strengthened a different business unit and supported the company’s broader growth objectives.”, said James Granruth, Principal at Incline.
“We are delighted to have supported Incline Equity Partners and RKD on three acquisitions to date, including Whiteboard. It has been a privilege to partner with their team as they continue to grow the platform and we look forward to RKD’s continued growth and success,” said Chris Aguilar, Vice President at Intrepid.
Incline Equity Partners is a leading private equity firm dedicated to investing across the middle market in services, value-added distribution, software & technology and specialized light manufacturing companies. Incline is generally seeking growing companies with enterprise values of $25 – $750 million. Incline’s typical investment types are ownership transitions for privately held businesses, buyouts and corporate divestitures within the U.S. and Canada.