Kotis Acquires Six Degrees Marketing
It's The First-Ever Acquisition For Kotis Design
In its first-ever acquisition, Seattle-based Kotis Design (asi/244898) has purchased distributor Six Degrees Marketing (asi/328371), Counselor has learned. Financial terms of the deal, which was completed on August 1, were not disclosed. "I know Kotis is the perfect fit for us," said Lynn Kostow, owner of Six Degrees. "The creative element will remain a top priority, and we will be able to add some wonderful new services. The expanded solutions will strengthen our offerings to our current clientele and enhance our ability to serve new clients."
According to the terms of the agreement, Six Degrees Marketing will maintain its present location in Los Gatos, CA, and will now offer online company stores, as well as additional services like warehousing and fulfillment. Six Degrees' staff will be retained, and Kostow will join Kotis as a regional sales manager. "Lynn has built a great company, and we know our business models and employees fit very nicely together," said Jeff Becker, president of Kotis. "We are excited to build and expand our presence in the Bay Area through the Six Degrees team."
Founded a decade ago, Kotis was listed in 2010 by Counselor as one of the fastest-growing distributors in the industry. In 2011, Becker said the company generated sales of $10.5 million, a 25% year-over-year gain. Becker expects his company – which specializes in custom apparel – will increase revenues by as much as 40% this year.