Industry Related Transactions50,000feet Accepts Growth Investment from Erie Street Growth Partners
Sellside Advisor to 50,000feet
50,000feet, a Brand Consultancy and Creative Agency, Accepts Growth Investment from Erie Street Growth Partners
The investment will support the strategic expansion of 50,000feet’s offerings, operational infrastructure and geographic footprint as they continue to meet increasing client demand for brand transformation.
CHARLOTTE, NC – 50,000feet, an independent brand consultancy and creative agency, announced that it has received a growth investment from Erie Street Growth Partners (“Erie Street”), a private investment firm that partners with founders, management teams and family office investors to unlock next-level growth.
7 Mile Advisors acted as the exclusive sellside advisor to 50,000feet throughout the entire transaction.
“50,000feet has established itself amongst the most sought-after enterprises in the world. Combined with Erie Street’s proven track record for driving exceptional growth and the firms’ shared cultural values, this partnership will enjoy many years of success,” commented 7 Mile’s Mark Landry, Partner and Sydney Scadden, Vice President.
“We greatly appreciated the support of 7 Mile Advisors. Their knowledge and guidance were critical in helping find a transformational partner that can help us deepen our capabilities and continue delivering exceptional work for our clients,” said CEO Jim Misener.
50,000feet will retain its independence, with CEO Jim Misener reporting to Jerry Graunke, President of Erie Street. Chris Prescher will continue as Chief Strategy Officer, and Ken Fox will assume the role of Chief Creative Officer.
Within three years, 50,000feet has grown the team by 30 percent to help clients define and design paradigms that enable brand and business transformation. 50,000feet recently expanded its offerings in February 2023 with the launch of a health and wellness practice, which was followed by a May announcement with plans to open an office in London to serve a growing roster of global brand clients.
For more information on recent 7 Mile transactions, or to find additional resources on M&A in the Digital Agency ecosystem, visit our website at www.7mileadvisors.com.
About 7 Mile Advisors
7 Mile Advisors provides Investment Banking & Advisory Services to the Business Services and Technology Industries globally. 7 Mile Advisors advises on M&A and private capital transactions, and provides market assessments and benchmarking. As a close-knit team with a long history together and a laser focus on our target markets, 7 Mile Advisors helps its clients sell companies, raise capital, grow through acquisitions, and evaluate new markets. All securities transactions are executed by 7M Securities, LLC, member FINRA / SIPC. For more information, including research on the M&A markets, visit www.7mileadvisors.com or follow 7MA on LinkedIn.
About 50,000feet
With offices in Chicago and New York, 50,000feet is an independent global brand consultancy and creative agency that develops integrated brand experiences for the world’s most respected brands. From brand identity systems, marketing communications and advertising to all facets of digital, 50,000feet uses strategy, design and technology to help brands connect more deeply with their customers. For more information, please visit www.50000feet.com or follow 50,000feet on LinkedIn.
About Erie Street Growth Partners
Erie Street Growth Partners is a private investment firm that partners with founders, management teams, and family office investors to unlock next-level growth. The firm brings strategic capital and transformational partnership to highly disrupted, changing business environments to empower people and organizations, maximize potential, and outsize outcomes. Erie Street invests in founder-led business services businesses in the marketing, communications, media, and entertainment industries. Partners pursuing next-level growth with Erie Street include APCO Worldwide, an advisory and advocacy communications consultancy, and Trailer Park Group, the global leader in entertainment marketing and content production. For more information, please visit www.eriestreet.com or follow Erie Street on LinkedIn.
