Stagwell (Stgw) Completes Acquisition Of Instrument, Fast-Growing Digital Transformation Company
Acquiring Company
Stagwell
Acquired Company
Instrument
New YorkPortlandCommerce and ShoppingAdvertisingMedia And EntertainmentArtificial IntelligenceMarketingMarketingDescription
Stagwell Inc. (NASDAQ: STGW) announced today it has acquired the remaining 49% of Instrument, a leading digital brand and experience innovation company. Founded in Portland, Oregon, Instrument is one of Stagwell's fastest growing agencies and employs over 400 people working on clients including Nike, Google, Salesforce and Epic Games. Stagwell's predecessor company, MDC Partners, had acquired 51% of Instrument in 2018.
Quick answer
Stagwell is acquiring Instrument, announced January 6, 2022. Stagwell is based in New York, New York, United States.
- How much did Stagwell pay for Instrument?
- The deal value was not disclosed.
- What does Stagwell do?
- Stagwell Inc. is a marketing and communications company headquartered in New York, NY, operating in the advertising and media industry.
- Where are Stagwell and Instrument based?
- Stagwell is based in New York, New York, United States. Instrument is based in Portland, Oregon, United States.
- Who are the decision-makers at Stagwell?
- Fundz holds 4 contacts at Stagwell. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Instrument?
Instrument was acquired by Stagwell, based in New York. The deal was reported on January 6, 2022. Stagwell Inc. is a marketing and communications company headquartered in New York, NY, operating in the advertising and media industry. Stagwell is publicly traded (STGW) and operates in Commerce and Shopping.
When did Stagwell acquire Instrument?
Stagwell's acquisition of Instrument was reported on January 6, 2022. Stagwell Inc. (NASDAQ: STGW) announced today it has acquired the remaining 49% of Instrument, a leading digital brand and experience innovation company. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Instrument do?
Instrument is a values-driven and award-winning multidisciplinary creative company that redefines brands and experiences. Our 392 employees work across the United States, and in our offices in Portland, Brooklyn, and Los Angeles. It is privately held, operating in Marketing, and is based in Portland.
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