In an era of media consolidation, the Minneapolis ad agency Fame is going in the opposite direction.
Fame CEO Lynne Robertson is now also the agency's owner.
In a deal announced last week, Robertson acquired full ownership of the retail-oriented agency from advertising and marketing behemoth Omnicom Group. Terms of the transaction were not disclosed.
"I feel great going forward," Robertson said in an interview last week. "We have a great roster of clients and a robust client pipeline."
Robertson said Fame enjoyed a successful tenure with Omnicom and its TBWA network of agencies but wanted the ability to be more light-footed "in the rapidly evolving landscape of retail." Being part of a holding company did not provide that.
"We needed to be a little more nimble and that was hard to do with our old structure," Robertson said. "The more layers you have, the more difficult it is to pivot. Not having fiduciary links to a large company also allows us to invest in our business, our people and our technology."
The Minneapolis ad scene has seen its share of consolidation in recent years. Today, most of the big agencies in town report to holding companies.
The most notable exception is Periscope, which at 523 employees remains the largest independent agency in town and one of the largest independent agencies in the nation.