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MDC Near Deal for Colle & McVoy
CHICAGO–MDC Communications in Toronto is finalizing a purchase of Minneapolis-based Colle & McVoy, sources said. The deal would be MDC’s second U.S. agency purchase in the last nine months; it acquired New York-based Margeotes/Fertitta + Partners last August. Officials at Colle & McVoy would neither confirm nor deny any talks. “We and MDC have been actively negotiating with several agencies in the U.S. with total billings in excess of $500 million,” said Margeotes CEO George Fertitta, who added that a deal could come shortly.

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