Grossman Marketing Group (asi/215205) announced Monday that it has acquired Fleet Business Products (asi/195105). Terms of the acquisition were not announced. The move expands Grossman’s client base in Connecticut and grows its full-service marketing operations. Fleet Business Products will become a division of Grossman, and the distributor will move its operations from East Hartford to Grossman’s Hartford offices. Grossman will also acquire Fleet’s Vermont operations.
“As a fourth-generation, family-run business, Grossman Marketing Group has an enviable roster of top-name clients and a well-established history of performance and success,” said John Fleet, who started Fleet Business Products in 1987. “I am glad to be a part of that tradition and I am proud to join them, along with all of the members of my team. I look forward to working with my team to provide our customers with the same high level of quality and service to which they have become accustomed over the last three decades.”
Ben Grossman, co-president of Grossman Marketing Group, said Fleet’s success in the financial market and business-related services will complement his company’s existing offerings. “We are excited to partner with Fleet Business Products,” Grossman said. “John Fleet and his team have built a wonderful business, as evidenced by their long-standing client and employee relationships.”
Based in Somerville, MA, Grossman Marketing Group now has major operations in four states in addition to Washington, D.C. Two years ago the distributor acquired ASAP, a promotional products firm based in Norwalk, CT.