Boundless Network Acquires Street Smart Promotions
Boundless Network, based in Austin, Texas, a leader in professionalizing the promotional products industry, announced the acquisition of San Diego-based Street Smart Promotions. The deal, part of Boundless Network’s nationwide acquisition strategy, includes offices in California, Florida and Texas.
“Boundless Network’s acquisition of Street Smart Promotions represents a great win for both companies,” said Boundless Network CEO Jason Black. “Jill Sands built a great business. Yet, she saw that joining Boundless Network would provide her employees with the opportunity and tools to achieve even greater success.”
Street Smart Promotions, founded in 1997, over the years has grown steadily as key employees left San Diego to open additional locations across the country. “I am excited to join Boundless Network, as they represent the future of the promotional products industry,” said Sands, founder of Street Smart Promotions. “Too many companies in this industry are sitting still and growing stagnant. Boundless is the only company that invests in cutting-edge technology platforms, provides critical professional development and has experienced people who will challenge professionals to go even further in the industry. I view joining Boundless Network as a slam dunk success.”
Sands also highlighted Boundless Network’s technology platform as key to the industry’s future. “Sophisticated buyers are demanding a sophisticated supplier,” she said. “Companies selling promotional products using a catalog will stop getting lucrative accounts with large companies.” Street Smart Promotions represents a key part of Boundless Network’s acquisition strategy of identifying top promotional products distributors with revenues between $2 million to $10 million. This year, the company’s expansion plans focus on continuing to seek out distributors that fit the profile nationwide. Boundless Network has 11 regional offices located across the U.S., as well as a sales presence in five additional locations. The company has recruited 67 leading sales professionals and plans to continue attracting sales professionals in key regions throughout the country. In addition to sales professionals, Boundless Network currently has 50 employees and expects to add 35 Austin-based employees over the next 24 months.