TVNewser AgencySpy TVSpy LostRemote FishbowlNY FishbowlDC SocialTimes AllFacebook 10,000 Words GalleyCat UnBeige MediaJobsDaily

MDC Partners Acquires Majority Interest in PR Firm Sloane & Company

sloane and co.jpg

Holding company MDC Partners (NSDQ: MDCA) announced today it has acquired a majority interest in New York-based PR agency Sloane & Company.

Sloane & Company chief executive officer Elliot Sloane told PRNewser in a phone interview today, “it’s a great transaction for our firm. It’s strong validation for our model, for our success, for type of work that we do.”

Sloane also said that he “didn’t have a banker,” and “wasn’t shopping the firm.” He has known MDC Partners chairman and CEO Miles Nadal for many years and said, “this is something we had been talking about on and off for a number of years.” Terms of the deal were not disclosed.

“We believe that most of the innovative initiatives happening in marketing communications today are happening within the public relations arena,” said Nadal in a release announcing the acquisition.

Sloane & Company specializes in financial communications, public affairs, and crisis communications. Its clients include Walgreens, New York Life, Medtronic, T. Boone Pickens, TiVo and Business Bermuda.

MDC Partner’s other holdings include Crispin, Porter & Bogusky, Media Kitchen, Veritas Communications and Lime Public Relations + Promotion.

In September 2009, MDC invested in social media focused agency Attention.

Mediabistro Course

Social Media 101

Social Media 101Get hands-on social media training in our online boot camp, Social Media 101! Starting September 4, social media and marketing experts will help you determine the social media sites that matter most to you, based on your personal and professional goals. Register before July 31 and get $50 OFF with early bird pricing. Register now!