News June 07, 2023
Jason Emery Acquires Majority Stake in Toddy Gear
Emery has been an executive at the supplier since 2014. He has made the acquisition in collaboration with business partner Isaac Delgado, who’s also been with the firm for nearly a decade.
Toddy Gear (asi/91411) has a new owner, but he’s no stranger to the Bolingbrook, IL-headquartered supplier.
Jason Emery, who has been an executive at the company since 2014, has acquired the remaining shares of Toddy Gear along with his business partner Isaac Delgado, who has been plant manager at the firm for nine years. Outgoing owner Todd Gabel will no longer be part of the company.
Financial terms of the deal, which closed June 2, were not released.
Jason Emery (left) and business partner Isaac Delgado have acquired Toddy Gear. Emery is the majority stakeholder in the supplier firm.
“I’m thrilled to lead Toddy Gear Inc. into this exciting new chapter,” said Emery. “With an unwavering commitment to innovation, quality and customer satisfaction, we are poised to exceed expectations and drive Toddy Gear to new heights.”
Toddy Gear will keep going to market under the same name. Emery, who became company president in 2021 following a run as executive vice president, will now hold the titles of president and CEO. He is the majority shareholder in Toddy Gear. Delgado’s new title is vice president of operations; he’ll lead the production and operations team.
“I am honored to step up and contribute to Toddy Gear’s continued success,” said Delgado. “I look forward to working closely with Jason and the talented team as we leverage our collective strengths to deliver exceptional products and experiences to our customers.”
Toddy Gear offers tech-focused and lifestyle products across a range of categories, including microfiber cleaning cloths, power banks, wireless chargers, desktop accessories and mousepads. Says the company: “Our carefully curated selection includes innovative and functional items that resonate with target audiences, making a lasting impression and driving business success.”
Mergers and acquisitions in the promotional products industry were occurring at a rapid rate at the outset of 2023.
The number of deals – at least ones that were announced – subsequently seemed to slow. But as the second quarter has progressed, there’s been another outpouring of promo M&A.