CARSON CITY, NV--(Marketwired - Apr 20, 2017) - Turbo Global Partners (TURBO), trading as "DIBZ" (OTC PINK: DIBZ), has announced it has acquired Turbo Retail Management, formerly Goin' Postal Franchise Corporation (GPFC), holder of the Walmart Supercenter Master Lease for retail postal franchises in the Southeast U.S. that are franchises of GP Brands, Inc.
GP Brands, Inc. is franchisor of 360 Goin' Postal pack and ship retail franchise stores that are located throughout the United States as well as smaller franchise stores within Walmart Supercenters in the Southeast.
"I am pleased to announce that TURBO closed the acquisition of Turbo Retail Management, formerly GPFC who holds the Master Lease for retail postal franchises that operate within Walmart Supercenters in the Southeast," states Bob Singerman, Chairman & CEO of TURBO. Turbo Retail Management, Inc. is the sole Sub-Lessor for GP Brands, Inc. for their retail postal store franchises within Walmart Supercenters. Turbo Retail Management, Inc. will now operate as a wholly-owned subsidiary of TURBO.
Marcus Price, President and Founder of GP Brands, praises the transaction, "It's a great fit for all parties. GP Brands can now focus on the training, site prep and systems for franchisees with retail stores in Walmart Supercenters, while TURBO can deliver scalability for expansion and additional marketing, media and technology for this tremendous postal store business model."
Robert Singerman continues, "Our core focus as a diversified investment management company is partnering with companies that have long-term predictable cash flow anywhere in the world, and this transaction represents the ideal acquisition for our growing portfolio."
About TURBO GLOBAL PARTNERS, Inc. www.TurboGlobalPartners.com
TURBO is a diversified investment management company that partners with companies that generate long-term predictable long-term cash flow anywhere in the world.
About GP Brands, Inc. www.GPBrands.com
GP Brands was formed in 2004 and currently is franchisor of 360 retail pack and ship retail postal stores in the U.S. as well as franchisor of retail postal stores that operate in Walmart Supercenters in the Southeast.
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