MDC's Miles Nadal On Why He'll Keep Buying Up PR Agencies
Here’s an interesting exchange from an AdAge interview with MDC CEO Miles Nadal.
Nadal’s holding company — known best for being the parent of Crispin, Porter & Bogusky — has been snapping up PR agencies lately. Recent acquisitions include Attention in September, Sloane and Co. in April and Allison & Partners just last week.
AdAge: You’ve been on an acquisition spree, buying up a number of lesser-known agencies. Why is MDC so aggressive right now?
Mr. Nadal: There was a great quote by Warren Buffett that says when it’s raining gold, you should find a pail and not a thimble.
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