Irish digital agency Granite Digital has bought a 75% majority stake in the digital division of New York's innovative creative agency LCM247.
The deal, which will see the formation of LCM by Granite, is expected to significantly boost Granite's revenues beyond €13m this year.
The move will also provide Granite Digital with a strategic foothold in the US.
Granite said the deal will solidify its position on both sides of the Atlantic, with offices in Cork, Dublin and Galway in Ireland and now LCM247's office located just outside Manhattan.
LCM247 is an Emmy-nominated New York creative agency.
Its expertise in film production, marketing, branding, and visual creativity will enable Granite Digital to enhance its suite of digital experience offerings to its growing base of Irish and US-based customers.
Today's deal is the latest in a series of strategic expansions by the company after 13 successful acquisitions - four of which have been in the last two years - including Continuum, Willows, Armour and Connector.
Its clients include IDA Ireland, Pfizer, Lidl, Dalata Hotel Group PLC, Bord Bia, American Chamber of Commerce, Cork Chamber of Commerce, Shannon Airport, Uniphar, Bon Secours Health System, Travelopia and Webhelp.
Conor Buckley, CEO of Granite Digital, said today's deal for LCM247's digital division is a transformative milestone for the Irish company.
"It's not merely about global scaling - it's about enriching our portfolio with global experts," Mr Buckley said.
"We're bolstering our agility in a digital landscape that changes by the nanosecond. As we integrate LCM247 clients into our fold, we look forward to serving our growing clientele with an even broader range of innovative solutions, transcending boundaries from Ireland to the international stage," he added.
Robert Carpenter, chief commercial officer of Granite Digital, said the company is harnessing the creative prowess of LCM247 to propel its growth and deliver a broader range of digital solutions to its clients worldwide.
"We now have a team on the ground in New York and aim to accelerate our expansion across the East coast over the next 24 months. We love the US and the US loves Ireland too, so we are very excited to get out and meet as many businesses as we can," he stated.
Patrick Heaphy, founder and president of LCM247, said that joining forces with a dynamic and growth-focused digital agency like Granite Digital offers the company the resources and shared expertise to continue pushing the boundaries in the digital and creative world.
