Margeotes Sells To MDC

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Little-Known Toronto Buyer Eyes More U.S. Shops
NEW YORK–The wave of consolidation among midsize agencies continued last week with the agreement by Margeotes/Fertitta + Partners’ management to sell a majority stake to MDC Communications. It is the first U.S. agency acquisition for Margeotes’ new parent, which was founded in 1980 as a small photographic supplier.
The deal ends years of speculation regarding Margeotes’ future. The agency–one of only a handful of mid-sized independents left in New York–has met with many suitors but never seriously entertained their offers, said shop president George Fertitta.




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