Power Digital Acquires Cardinal Digital Marketing

Court Square Capital Partners Makes Strategic Growth Investment in Power Digital

March 16, 2022

Marketing & Advertising

Court Square Capital Partners has made a strategic capital investment in Power Digital Marketing, a San Diego-based digital performance marketing firm, with Periscope Equity selling its investment. The funding will support development of Power Digital’s proprietary machine-learning platform SPRnova and enable further strategic acquisitions while the company continues to operate from its San Diego headquarters under CEO and founder Grayson Lafrenz.

IMC Acquires Cardinal Capital Management

September 5, 2023

Financial Services

IMC, a global market maker, has acquired Chicago-based proprietary trading firm Cardinal Capital Management, LLC. The firm will be renamed IMC Securities and is intended to expand IMC's liquidity-provision capabilities in the US equity derivatives (options) market; terms were not disclosed.

Power Digital Acquires Endrock Growth and Analytics

December 20, 2023

Marketing & Advertising

Power Digital, a tech-enabled growth marketing firm, has acquired Endrock Growth and Analytics, a CRO and data analytics agency with offices in the United States, Medellín, Cartagena and Quito. Endrock founder Ned MacPherson will join Power Digital as Chief Growth Officer as the firm integrates Endrock’s CRO, experimentation and analytics capabilities to expand Power Digital’s data-intelligence and conversion optimization offerings.

Mighty Union Acquires Boston Digital

March 6, 2025

Marketing & Advertising

Mighty Union has acquired Boston Digital, a 25-year-old digital agency led by founder Chuck Murphy. The strategic acquisition strengthens Mighty Union's digital and integrated marketing capabilities while expanding Boston Digital's footprint with mission- and life-critical clients across healthcare, higher education, and financial services.

Marqeta Acquires Power Finance, Inc.

January 30, 2023

Payments & Fintech

Marqeta acquired credit card program management platform Power Finance, strengthening Marqeta's credit capabilities and accelerating its ability to offer modern credit products. The all-cash transaction announced January 30, 2023 (and completed in early February 2023) included approximately $223 million in cash plus up to $52 million in milestone payments.

Ryder Acquires Cardinal Logistics from H.I.G. Capital

February 1, 2024

Transportation

Ryder System, Inc. has acquired Cardinal Logistics from H.I.G. Capital, integrating Cardinal’s dedicated contract carriage, freight brokerage and last-mile capabilities to strengthen Ryder’s dedicated transportation and supply chain services. Cardinal, founded in 1997 and headquartered in Concord, North Carolina, operates ~200 locations with a fleet of 2,900 power units and more than 3,400 drivers; Ryder expects synergies and accretion following integration.