HALO Branded Solutions Acquired By TPG Growth
TPG Growth has partnered with HALO Branded Solutions' (PPAI 106462) management to acquire the Sterling, Illinois, distributor. TPG Growth, the middle market and growth equity platform of global alternative investment firm TPG, acquired the company from Audax Private Equity. Audax purchased HALO in 2016. Financial terms of the transaction were not disclosed. The deal, which is expected to close over the next 30-45 days, is subject to customary closing conditions, including regulatory approval.
“At HALO, we strive to provide our clients with innovative, customized solutions that showcase their brand and values,” says Marc Simon, CEO of HALO. “TPG Growth is a hands-on partner that understands our business and supports our vision. We look forward to leveraging their business-building and growth expertise as we continue to expand and enhance operations.”
Shamik Patel of TPG Growth says, “In HALO, we saw the opportunity to acquire an industry-leading platform that’s supported by best-in-class leadership and sales teams.HALO is well positioned to capitalize on its leading position in a fragmented market, and we are excited to partner with Marc and the rest of the HALO team to accelerate the company’s growth, both organically and through acquisitions.”
The company operates across two business lines: HALO Branded Solutions and HALO Recognition, which designs and administers employee incentive and rewards programs for enterprise customers. HALO has a nationwide salesforce of more than 1,200 account executives who are supported by a team of more than 500 corporate service professionals.