CG Petsky Prunier Advises 3Q Digital on its Significant Growth Investment from Erie Street Capital and PSP Capital
CG Petsky Prunier is pleased to announce it has advised 3Q Digital, an independent performance and digital marketing agency that grows disruptors into market leaders, on a significant growth investment from Erie Street Capital and PSP Capital. 3Q Digital’s CEO David Rodnitzky will continue to lead the business and focus on the agency’s ongoing growth by adding technical capabilities, increasing services, and expanding internationally, with Dublin and Singapore as potential targets for this year.
Founded in 2008 by CEO David Rodnitzky, 3Q Digital is the largest independent digital marketing agency in the U.S. with 10 offices and more than 320 employees. The agency supports the most prominent disruptive companies in the world through a combination of paid media management, SEO, analytics and data science, creative, conversion rate optimization, and management consulting.
3Q Digital manages $1.3 billion in annual digital media spend on behalf of clients and has built on its paid media expertise with a suite of growth services, including decision sciences, creative, and a dedicated strategy team. The investment allows 3Q Digital flexibility to expand on these capabilities.
Erie Street Capital is a Chicago-based, operationally-focused investment firm exclusively dedicated to the business services sector. Led by Terry Graunke, a long-time leader in the marketing services and digital communications industry, Erie Street has deep experience and understanding in marketing services, consulting, and strategic communications, Erie Street applies operational excellence, managerial experience, and strategic capital into highly disrupted and changing business environments. Erie Street provides its partnerships the ability to drive next stage growth through strategic planning, operational excellence, M&A, geographic expansion, and team development.
PSP Partners is a global private investment firm founded by its chairman, Penny Pritzker. The firm is comprised of a highly experienced team of investment professionals and business builders focused on partnering with entrepreneurs, business owners, and management teams to build market-leading businesses. With investment strategies focused on established businesses (PSP Capital), emerging/growth companies (PSP Growth), real assets (Pritzker Realty Group), and funds/partnership opportunities, PSP Partners invests across stages and asset classes with an emphasis on three primary segments of the economy – business & technology services, housing, industrials, and food and agriculture – that are well-aligned with its expertise and experience.
CG Petsky Prunier, with a team led by Sanjay Chadda and Christopher Heasman, served as the exclusive financial advisor to 3Q Digital.
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