Advertising Industry Mastermind, LLC, a Philadelphia-headquartered promotional products industry buying group, announced Friday that it has been acquired by Altitude Group Plc, a publicly-traded company with operations in the United States and United Kingdom. Financial terms of the deal were not released.
Going forward, AIM will operate under the AIM name, led by Founder/President Jamie Coggeshall and Nichole Stella, CEO of Altitude. What Jamie has done in building AIM from the ground up is truly remarkable, Stella said in a statement. He has delivered incredible benefits to the AIM membership and has built a culture within the community that closely aligns with ours. My team and I are extremely excited to work closely with him to take AIM to the next level.
Coggeshall said that linking up with a publicly-traded UK holding company will make it possible to grow AIM into a global organization that offers technology, marketing, and operational services to its distributor members and supplier partners. Theres already been progress in that regard: In 2018, Altitude Group, in partnership with AIM, launched the AIMpro Tech Suite.
We have known Nikki for many years and have watched her build out teams that deliver on service and innovation, Coggeshall said in a statement. The opportunity to solidify our relationship under one company is very exciting to us.
Composed of more than 1,900 members, AIM is a membership-based group of independent distributors with more than $1.7 billion in aggregate membership sales, executives said. The group has more than 120 promo industry supplier partners, according to the group`s website. For members, AIM offers things like EQP, training, networking, discounts on shipping and more. Actively operating in 10 countries, Altitude Group provides technology and information services to the promotional products, print and clothing industries.
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