Falls Church-based association advisory firm Advancea LLC announced Tuesday it has acquired Arroyo Grande, California-based Group Purchasing Solutions (GPS).
Financial terms of the acquisition were not disclosed.
Founded in 2008, GPS specializes in affinity programs serving mid-sized businesses. Affinity programs are partnerships between nonprofits and businesses in which a business may offer exclusive products or services to members (often from well-known brands) while the nonprofit benefits from part of the sale. GPS originally formed to serve trade organizations and its members by procuring products and services.
“Continuing to build a better and broader network of suppliers for our association clients and their members takes working with great companies and strong leaders,” Advancea CEO Lucas McCann said in a statement. “GPS and [its president Darryl Buck] are both of those. The value created for all of our brands will be significant.”
