Transaction unites one of the industry’s largest full-service independent agencies and one of its hottest emerging creative shops
PALAZZO served as exclusive financial advisor to The Opinionated Group, an award-winning advertising and creative agency in its acquisition by Tombras. This transaction will enable Tombras to establish a meaningful West Coast presence, and accelerate their mission to become the world’s leading independent agency.
Founded in 2017, Opinionated has emerged as one of the industry’s most sought after agencies, winning business with clients including Panda Express and Shake Shack. The agency reported its strongest annual growth in 2024, and extended its growth trajectory amid an otherwise turbulent 2025. The acquisition provides Opinionated access to essential new capabilities across media, data, analytics and deeper social expertise— with Tombras being one of a few independents that offer both creative and media under one roof; handling nearly $1 billion in media business annually.
Mark Fitzloff the founder of Opinionated said, “The concept of independents merging was not on my radar. I hadn’t really heard of it happening, so I never considered it an option to pursue in the first place.” Reflecting on their shared values with Tombras, he added, “I think there’s an attitude of defiance and rebellion that comes with being in a quote, unquote Tier 2 or Tier 3 market, but creatively, it’s much more empowering, because you have perspectives from the fringes that are unique, true and authentic.” Opinionated’s 40-person team will continue to operate out of Portland, Oregon, as Opinionated, a Tombras Company, before transitioning to Tombras West. There are no leadership changes planned, with Mark Fitzloff and Partner and President Trish Adams remaining in their roles.
Tombras’ president Dooley Tombras categorized its latest deal as “the most significant move in [our] mission to become the world’s leading independent agency.” With the addition of Opinionated, Tombras’ headcount now totals nearly 600 employees worldwide. Outside the U.S., the agency has a growing presence in Buenos Aires, Argentina, with roughly 80 staffers in the area and a new office set to open in February.