TobinLeff is pleased to announce that it served as the exclusive M&A advisor to Karsh Hagan on its merger with Madden Media.
Karsh Hagan is an award-winning independent agency based in Denver, Colorado. Since 1977, the Karsh Hagan team has expertly combined creative excellence, brand storytelling, nationally renowned media, and programmatic capabilities to elevate what’s possible for their clients, brands that make a difference across multiple sectors.
Madden Media, based in Tucson, Arizona, has a nationwide team of over 200 with deep expertise in integrated media, storytelling, PR and data-driven tourism strategy. Madden Media, known for its innovative media programs, audience insights, and long-standing leadership in destination marketing, serves more than 950 partners nationwide.
This merger brings together two agencies that are rooted in purpose and driven by people. The merger will expand the agencies’ collective footprint, enhance offerings for existing clients, and create a unified platform capable of delivering integrated creative, media, and data-driven solutions at scale—while preserving the culture and identity that have made Karsh Hagan and Madden Media industry leaders.
Kathy Hagan, the Co-CEO of Karsh Hagan, said about working with TobinLeff:“TobinLeff was the consummate partner throughout the entire transition journey for Karsh Hagan.
From helping us find the best partner who aligned with our culture, our current team, strategic alignment, opportunities and vision for the future - to the final close and done deal!
Add to this their relationships around the nation, forensic accounting, business acumen, legal and coaching—there is no one else we would have preferred by our side.
We are grateful and feel so very fortunate we engaged the team at TobinLeff. They were the ultimate M&A team for Karsh Hagan. Anyone would be fortunate to have them on their team, too.”
Pasquale “Pocky” Marranzino, the Co-CEO of Karsh Hagan, added:“Selling your business is complicated to say the least. You need professionals that eat, sleep, and breathe M&A. The team of specialists at TobinLeff are consummate professionals when it comes to positioning your company to prospective partners in the market. In the end, this means achieving the right financial terms, finding a good partner match and making sure working capital is fairly balanced for both the buyer and seller. TobinLeff excelled in all respects.”
Mary McKinney Flaherty, partner at TobinLeff, shared this about the selling process:“We often say that M&A is all about the people; nowhere has that been truer than here. Working with Kathy, Pocky, and the entire Karsh Hagan team was a privilege. Their commitment to their people, their clients, their culture, and their community guided every decision in this process. We are honored to have helped them navigate this process and identify a partner in Madden that shares those values and that will allow them to carry the Karsh Hagan legacy forward in powerful new ways.
About TobinLeff
TobinLeff is a leading M&A advisory and exit planning consulting firm, helping owners sell to strategic buyers and private equity groups. With 15 years of service, TobinLeff’s team of senior advisors brings a wealth of Mergers & Acquisitions experience as former business owners, accountants, attorneys, and bankers dedicated to the mission of helping their clients maximize and monetize their life’s work. TobinLeff is the go-to resource for business owners looking for true partners in their exit planning journey.
