HALO Branded Solutions Acquired by PSP Capital
HALO Branded Solutions, the Sterling, Illinois-based distributorship, announced today that the company has been purchased by PSP Capital Partners LLC, a Chicago-based private investment firm founded by Penny Pritzker, in partnership with senior management of HALO.
"We are very pleased with our new partners at PSP," said Marc Simon, CEO of HALO Branded Solutions. "Their confidence in HALO is a positive reflection of the hard work and industry-leading results our sales force and operational team have achieved. This relationship will continue our efforts for profitable growth through investment in world-class sales support, carefully selected strategic acquisitions, and an added emphasis on attracting top-performing industry professionals to the HALO organization."
According to the company, no changes in management or operating direction are planned as part of the sale. Check back with Promo Marketing tomorrow for more on this story.