Top 40 distributor HALO Branded Solutions has acquired Clean Fun Promotional Marketing (asi/162979), the company announced on Tuesday. Counselor previously reported last month that HALO was in the process of purchasing Clean Fun following the bankruptcy of Delivery Agent Inc., Clean Fun’s parent company.
HALO said the company was purchased through an open bidding process that was approved by the court following Delivery Agent’s filing for Chapter 11 bankruptcy protection. Terms of the deal were not disclosed.
“After a thorough review of Clean Fun’s business, we felt we could provide a meaningful value,” said HALO CEO Marc Simon. “In addition, our goal was to provide a great home for their loyal salesforce, opportunities at HALO for many of their experienced support staff, and a continuation of the creativity and exceptional personal service they offer their valued clients.”
Based in Costa Mesa, CA, Clean Fun caters to the entertainment industry and has been a previous member of Counselor’s Best Places to Work List. The distributor was acquired by Delivery Agent in 2013.
Delivery Agent filed for bankruptcy on September 15. Besides Clean Fun, the San Francisco-based company had multiple industry affiliates, including MusicToday (asi/278627) and TV-commerce platform Shop the Shows, LLC.