GRANITE expands to the US with majority stake in LCM247’s digital division
Acquisition Announcement
GRANITE are expanding to the US with majority stake in New York creative agency LCM247’s Digital Division. The acquisition is expected to boost GRANITE's revenues beyond €13 million this year and will provide GRANITE with a strategic foothold in the US.
GRANITE, Ireland's leading full-service digital agency, today announces that it has acquired the majority stake (75%) in the digital division of New York's LCM247. The acquisition, which will see the formation of LCM by GRANITE – expects to significantly boost GRANITE's revenues beyond €13 million this year.
The acquisition will strengthen GRANITE’s foothold in the US and grow the team beyond 110 digital professionals. Patrick Heaphy, LCM247 founder and president, will also serve as Chief Creative Officer of LCM by GRANITE. It will solidify the company’s position on both sides of the Atlantic, with offices in Cork, Dublin and Galway in Ireland and now outside Manhattan.
LCM247 is a renowned and Emmy-nominated creative agency. Its expertise in film production, marketing, branding, and visual creativity, will enhance Granite’s offerings for Irish and US-based customers.
GRANITE will expand its customer base with LCM247’s clients and continue to deliver a wide range of services including design, technology, strategy, digital marketing, advertising, and secure managed hosting. Following 13 successful acquisitions, this latest addition signifies a milestone in Granite's journey to becoming a global digital agency leader.
GRANITE leverages AI, Machine Learning, and advanced platforms to offer intelligent solutions. It delivers cutting-edge technologies and innovative architectures, with expertise spanning content management systems (CMS), customer relationship management (CRM), enterprise systems and secure payment integration.
"We are harnessing the creative prowess of LCM247 to propel our growth and deliver a range of digital solutions to our clients worldwide. We now have a team on the ground in New York and aim to accelerate our expansion across the East coast over the next 24 months."
Robert Carpenter
Chief Commercial Officer
GRANITE
About us
Since 2008, GRANITE has successfully delivered over a thousand web projects for prominent Irish organizations. As Ireland's largest independent digital agency, it now serves over 1200 organizations including Enterprise Ireland, Bons Secours Health System, Dublin Bus, Davy, Fexco and Aon. GRANITE has also been recognized by Deloitte for four years in a row as one of Ireland's 20 fastest-growing tech companies.
“This acquisition is a transformative milestone for GRANITE. It's not merely about global scaling; it’s about enriching our portfolio with global experts. We're bolstering our agility in a digital landscape that changes by the nanosecond.”
Conor Buckley
Chief Executive Officer
GRANITE
About LCM247
LCM247 is a renowned and Emmy nominated New York creative agency who work on a national and international level. LCM's core services include design, marketing automation, website and app creation, to tv commercials and documentaries. LCM was established by Pat Heaphy in 1994.
"Joining forces with a dynamic and growth-focused digital agency like GRANITE offers us the resources and shared expertise to continue pushing the boundaries in the digital and creative world.”
Patrick Heaphy
Founder & Chief Creative Officer
LCM247
