Podean Acquires Ad Advance

February 19, 2026

Marketplace-focused agency Podean has acquired Ad Advance, a Duluth, Minnesota–based retail media agency, from Permanent Equity. The deal—facilitated by Podean's private equity partner Mountaingate Capital—adds Ad Advance’s Streamline technology and retail-media/DSP capabilities to Podean’s global marketplaces platform and was announced as creating a combined business with ~260 staff across 17 countries.

Buyers
Podean, Mountaingate Capital
Targets
Ad Advance
Sellers
Permanent Equity
Platforms
Podean
Location
Minnesota, United States
Transaction Type
Addon

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