July 26, 2023
Top 40 Distributors 2023: No. 18 Boundless
Counselor’s exclusive ranking of the distributors with the most revenue in the promo products market.
Boundless
(asi/143717)
Company Snapshot
Revenue figures are in $millions
Previous Rank: 25
2022 Revenue: $160.0
2021 Revenue: $88.8
Year-Over-Year Difference: 80.2%
2020 Revenue: $80.3
2019 Revenue: $100.3
Top Company Officer: Dave Klotter, CEO
Year Founded: 2005
Headquarters: Austin, TX
Financials Certified By: Ethan Rudin, CFO
The Austin-based distributor had a banner year, posting the second fastest growth of any company on this year’s Top 40 list at 80%. Only a small portion of it (10%-15%) was tied to M&A, specifically the company’s acquisition of PromoAdvantage Marketing Group (asi/300415). CEO Dave Klotter says most of the company’s big 2022 came from base account growth with events coming back and many companies rebranding after the pandemic. Klotter adds: “The last couple years we’ve had a really diligent focus of going out and winning new business and targeting accounts and verticals. Those business development efforts started to pay off.” In addition to naming a new COO and CFO early in 2023 (Huntley Tarrant and Ethan Rudin), Boundless has a lot on its plate this year says Klotter, from implementing an ERP system to being active in M&A conversations with an overall goal of reaching $200 million.