Boundless Network Acquires Petty Marketing Group
Austin, Texas-based Boundless Network, a technology-enabled branded merchandise distributor, announced it acquired Cleveland, Tennessee-based distributor Petty Marketing Group Inc. This announcement follows less than a week after the company announced the acquisition of Texas-based distributor Custom Solutions.
Started in 1998 by Ralph Petty, Petty Marketing Group is now a multimillion dollar distributor. Petty has more than 20 years of experience in the promotional products industry, and he brings a strong reputation and numerous strategic accounts to Boundless Network.
“Ralph Petty represents the top 1 percent of industry professionals,” said Boundless Network CEO Jason Black. “From the beginning, Ralph wanted a distributor partner that was committed to providing the resources necessary to continue winning regardless of the economic conditions. Boundless Network will continue to be a magnet for top professionals with a desire to run fast and maximize their opportunity.”
“I explored several options while searching for the right distributor partner for Petty Marketing Group,” Petty said. “Boundless Network’s innovative approach made it the clear choice for our company. Other distributors simply function as a bank, but Boundless is a true strategic business partner, and its platform is already positively impacting our business and the value we provide our clients.”
In 2009, Boundless Network plans to continue recruiting top professionals and acquiring top promotional products distributors with revenues between $2 million and $10 million that are located in key regions throughout the country. In three years Boundless Network has grown from two to more than 150 employees; 70 are located in Austin. During the past 12 months, the company has completed seven acquisitions as part of a successful nationwide expansion from a single location to 18 regional offices located coast-to-coast.
For more information about the Boundless Network, visit www.boundlessnetwork.com