You may or may not have heard of Cincinnati-based Promotion Execution Partners but the marketing promotions firm employs 250 people in 20 offices in 14 countries. The agency has handled upwards of $3.5 billion in ad spend for more than 500 worldwide brands since its founding in 2004. One of its first clients was Procter & Gamble.
As always, financial terms of the deal were not disclosed. Kroeger will remain in his current position as president of the agency and the agency’s headquarters will remain in Cincinnati.