Transaction underscores the strategic importance of scaled media capabilities as MSQ expands its U.S. offering and competes for larger client relationships
PALAZZO served as exclusive financial advisor to January Digital, a leading media and strategy agency, on its acquisition by MSQ, a portfolio company of One Equity Partners. The transaction significantly expands MSQ’s U.S. media capabilities, adding a scaled media platform to complement the group’s growing creative, digital experience, technology and data offerings. The combination strengthens MSQ’s ability to compete for larger, more integrated client relationships in the U.S. while further expanding its global media presence.
Founded in 2011 by CEO Vic Drabicky, January Digital has established itself as a leading independent media and strategy agency with offices in New York and Dallas. The agency works across retail, beauty, CPG and grocery and partners with leading brands including Supergoop!, Steve Madden, Interstate Batteries and Amika. While January Digital has historically maintained a strong position in retail, the business has meaningfully diversified its client base over time, with retail clients representing approximately 70% of the portfolio today compared with nearly all clients five years ago.
The partnership with MSQ provides January Digital with access to a broader set of complementary capabilities and resources while allowing the agency to maintain its brand, culture and existing leadership team. For January Digital, the transaction was centered on finding a strategic partner that could broaden its offering and help the agency compete for larger client relationships. “For us, it was about finding a partner who could fill any of the gaps in our services,” said Drabicky.
MSQ has been actively expanding its presence and capabilities in the U.S., with recent acquisitions including New York-based Big Spaceship and Atlanta-based digital agency Arke, which was subsequently rebranded as MSQ DX. The group also owns agencies including Elmwood, 26PMX and Forge. Earlier this year, MSQ launched MSQ Intelligence, a global unit focused on developing AI-powered products, services, platforms and data capabilities that can be deployed across its agencies and client relationships.
“Recent acquisitions in the US have increased our presence and strength in creative and tech,” said Peter Reid, Group CEO of MSQ. Reid noted that January Digital adds meaningful media capabilities for MSQ’s U.S. clients and agencies while also strengthening the group’s broader global media offering. January Digital will work closely with MSQ North America President Aaron Lang to identify cross-agency opportunities in the U.S. and with the broader MSQ Media team to expand global media efforts and bring combined expertise to client pitches.
January Digital represents what MSQ described as a “tentpole acquisition” within its U.S. expansion strategy. Prior to the transaction, MSQ had an established media offering but a more limited U.S. presence in the category. The addition of January Digital provides greater scale and a broader base of media expertise alongside MSQ’s investments in creative and technology, positioning the combined platform to pursue larger clients and compete more directly with global agency holding companies.
MSQ today employs approximately 2,000 people globally, including roughly 500 in the U.S., with operations across 25 global offices. In addition to its agency businesses, the group has specialist capabilities spanning production, sports and entertainment and sustainability consulting, and works with global brands including Diageo, Unilever, The Coca-Cola Company, Chase and Mars. The addition of January Digital further advances MSQ’s strategy of building an integrated platform across media, creative, technology and data with the scale and breadth to support increasingly complex client needs.

Vic Drabicky, Founder & CEO, January Digital