The run of distributor acquisitions in the promotional products industry shows no signs of slowing down, as Stamford, Connecticut-based Lapine Associates (PPAI 101116, D6) announced that it has been acquired by adm Group, a global company operating in 33 countries focused on sustainable supply chain solutions.

  • Also acquired was Lapine’s sister company, Miami-based Effectus, an advisory and transformation execution consultancy.
  • Lapine and Effectus project combined revenue of roughly $130 million in 2022.
  • Terms of the deal were not released.

Background

Full Disclosure
Lapine President and Owner Noah Lapine currently serves as a member of the PPAI Board of Directors.

What They’re Saying
“Fueling conversations between brands and consumers is at the core of what we do,” says Noah Lapine. “We look forward to the added benefits adm Group will bring to our clients, with their proprietary technology, in-depth expertise and geographical coverage. We feel adm Group is a great cultural fit for Lapine and are excited to begin this journey together.”

Justin Barton, global CEO of adm group, says, “Lapine has a longstanding, proud history as a well-run business with outstanding talent, clients and capabilities. Together with Effectus, we see great strategic alignment between their vision for their clients and the service adm provides for our own. We are excited about the breadth this will add to our service offering and technology, and the growth opportunities this partnership brings.”

More Context 
Distributor acquisitions have been one of the promotional products industry’s major storylines in recent years as private equity and industry consolidation have reshaped the landscape of what was once primarily a community of small businesses.

  • Historically a family-owned promotional products distributor, Lapine was founded in 1962.