Cork-founded Granite Digital has acquired the majority stake in the digital division of New York creative agency LCM247.
Irish digital agency Granite Digital has acquired a 75% stake in the digital division of New York creative agency LCM247 in a move that will propel its revenues beyond €13m this year.
This will be boosted by a projected $3m in new US revenues in the first 18 months following the acquisition.
“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”
The move will also provide Granite Digital with a strategic foothold in the US and will see the team expand beyond 110 digital professionals, with the addition of LCM247’s 12 experienced digital specialists.
First, we take Manhattan
Patrick Heaphy, founder and president of LCM247, will also serve as Chief Creative Officer of LCM by Granite.
The company said this will solidify the 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 a renowned and Emmy-nominated New York creative agency. With its expertise in film production, marketing, branding, and visual creativity, the acquisition will enable Granite Digital to enhance its suite of digital experience offerings to its growing base of Irish and US -based customers.
Granite Digital will also add many of LCM247’s diverse clients to its customer base. In Ireland, it continues to deliver a wide range of services – including design, technology, strategy, digital marketing, advertising, and secure managed hosting – to industry leaders like 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.
“This strategic acquisition is an exciting step forward in our global expansion,” said Robert Carpenter, chief commercial Officer of Granite Digital.
“We are harnessing the creative prowess of LCM247 to propel our growth and deliver a broader range of digital solutions to our 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. This is a big move for Granite Digital but we have big ambitions for both ourselves and our customers. To ensure a seamless transition as our teams unite, I plan to relocate to New York this summer, dedicating my efforts to facilitate a smooth and successful integration.”
This latest acquisition marks another milestone in Granite Digital’s journey to becoming a global digital agency leader.
It is the latest in a series of strategic expansions by the company, following 13 successful acquisitions -four of which have been in the last two years – including Continuum, Willows, Armour and Connector.
“Joining forces with a dynamic and growth-focused digital agency like Granite Digital offers us the resources and shared expertise to continue pushing the boundaries in the digital and creative world,” said Patrick Heaphy, founder and president of LCM247.
“This is a thrilling next chapter for LCM247 and Granite, and I look forward to working with Robert and Conor to bring our creative skills and vision to this fast-growing team and contribute to its global success.”
Granite Digital offers intelligent solutions to global companies by leveraging AI, Machine Learning, and next generation platforms like Blockchain. It delivers cutting-edge technologies – such as Microsoft Azure, AWS and WP Engine – and innovative architectures – including Headless. Its expertise spans content management systems (CMS), customer relationship management (CRM), enterprise systems and secure payment integration.
“This acquisition of LCM247’s digital division is a transformative milestone for Granite Digital,” added Conor Buckley, CEO of Granite Digital.
“It’s not merely about global scaling; it’s about enriching our portfolio with global experts. 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.”
Main image at top: Robert Carpenter, Chief Commercial Officer of Granite Digital; Conor Buckley, CEO of Granite Digital; and Patrick Heaphy, Founder and President of LCM247