R2integrated, a Baltimore-based digital marketing agency, announced Thursday that Chicago investment firm Baird Capital has acquired a majority interest in the firm.
Under the deal, the agency's senior management will retain a stake in the company and CEO Matt Goddard will remain in his position. Financial terms were not disclosed.
The move is intended to give R2i the financial backing and leadership support it needs to "go big," Goddard said in an interview.
"Strategically, the company is very well positioned for growth in the future," he said. "We just needed a little more horsepower to achieve it and Baird brings us that...