CEO Steve Synnott Purchases PRO Group
PRO Group, Inc., a merchandising and marketing organization based in Denver, recently announced an ownership change. President and CEO Steve Synnott, a 20-year veteran of the company, purchased privately held PRO Group from Gary Cosgrave for an undisclosed price.
Cosgrave’s parents, Paul and Hazel, founded the company in 1953 and Gary has been involved in the company for its entire existence.
Cosgrave, the company’s chairman of the board, will remain involved in PRO Group’s strategic planning and said nothing will change in the company’s operations or staff.
“Steve Synnott has demonstrated his leadership capabilities and integrity,” Cosgrave said. “I have confidence in Steve’s commitment to leverage the group’s marketing strength. The sale ensures perpetuation of the company my family started. I look forward to continuing my responsibility to support the success of independent retailers in today’s competitive market. We have an outstanding team in place to do that.”
PRO Group remains dedicated to the success of independent retailers. Marketing, advertising and buying advantages will remain cornerstones of the company’s value to retail, wholesale and manufacturing channel partners.
“Independent retailers across the United States and Canada that are served by PRO Group’s 26 member distributors and more than 350 key suppliers have a bright and prosperous future,” Synnott said.
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