
Corporate Incentives And Brady Hull Announce Merger Vol. 821
June 2, 2011
Forming one of the largest distributors in the Houston
area, Corporate Incentives, Inc.
(asi/168984) and Brady
Hull & Associates (asi/229164) have merged, the companies have
announced. Financial terms of the deal, which was finalized yesterday, were not
disclosed. “Brady and I have known each other for years and we have very
similar business philosophies,” says Bev Earl,
president of Corporative Incentives. “We started talking more seriously about a
deal over the last 12-18 months.”
Per the agreement, the staff of Brady Hull & Associates
has moved into an expanded two-story facility at Corporate Incentives’ offices
in The Woodlands, TX. The deal is part of an industry exit strategy for Brady
Hull, who plans to remain at the merged company for the next four years. “I
will continue to sell,” says Hull,
president of Brady Hull & Associates. “These are two really successful companies
merging. I think we’ll have more clout with suppliers. Stronger is better.”
Combined, the two companies will now have a total of four
salespeople, coupled with graphic design and online support. “I think we can
become even more customer service focused,” says Earl. “The staffs have already
melded together beautifully.” While declining to provide annual revenues for
the two firms, Earl says the deal “has doubled the size of our company.” She is
hopeful the merged companies can increase annual sales by 20%. |