Patriot Capital, a multi-strategy middle market investment firm, is pleased to announce a recent debt and equity co-investment in support of an add-on acquisition by Mod Op, a portfolio company of Alterna Equity Partners. Patriot’s investment in Mod Op facilitated the company’s acquisition of a leading creative agency, Mod Op’s fifth acquisition in 2023.
Headquartered in Miami, FL, Mod Op is a full-service digital marketing agency providing strategy and execution for creative, communications, technology, and digital media, as well as other digital marketing services, to leading brands like Nestlé, John Deere, ExxonMobil, Baha Mar, and more. The company maintains offices in Dallas, Kansas City, Los Angeles, Portland, Minneapolis, New York, Cleveland, and Philadelphia, as well as in Panama City, Panama and Toronto, Canada.
“We’ve known the Patriot team for some time so we are excited to finally partner with them in support of Mod Op,” said Casey Swercheck, Partner at Alterna. “We and the Mod Op management team appreciate their support as we continue to grow the Mod Op platform.”
Danny Speake, Principal at Alterna, added, “The Patriot team was great to work with on this transaction. They were responsive, constructive in their apporach, and easy to work with. We look forward to their ongoing partnership and support.”
For more information on this transaction, please contact:
Jonathon Cope, Principal