Final week, it was introduced that non-public fairness agency Champlain Capital acquired iPROMOTEu from its unique personal fairness homeowners, Align Capital Companions.
Calling the transaction “a easy monetary recapitalization,” iPROMOTEu president and CEO Ross Silverstein informed Promo Advertising in an e mail that nothing will change relating to iPROMOTEu’s firm operations, guaranteeing it will likely be “enterprise as regular going ahead.”
“I’ve massive plans for iPROMOTEu’s continued development, and I’m excited to steer our nice firm and our nice group as we transfer ahead to realize our lofty objectives that can additional improve iPROMOTEu’s worth proposition to our impartial distributor associates and our community of most popular suppliers,” Silverstein mentioned. “It was a record-breaking 12 months for iPROMOTEu in 2022, and I’m enthusiastic about and searching ahead to a different robust 12 months in 2023. I’m desperate to pursue the alternatives that come our means, in addition to the probabilities that we think about.”
iPROMOTEu ranked No. 12 within the 2022 Print+Promo Advertising High Distributors record, reporting 165,015,000 in income for 2021.