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Sale solidifies RentPaths exit from print advertising as it focuses solely on digital media opportunities.
Atlanta, GA (PRWEB) February 10, 2014
RentPath, the premier vertical search company for apartment and home renters, announced today that the company has completed the sale of its print publication distribution arm, DistribuTech, to Donald Karbowski, currently Group Director of DistribuTech.
Were pleased to announce this transaction with Don, said Charles Stubbs, President and Chief Executive Officer of RentPath. By selling to a current and trusted employee we are ensuring DistribuTech customers will continue to receive the level of service they associate with the DistribuTech brand. We appreciate the contributions the DistribuTech team has made to RentPath over the years and wish them all the best during this transition.
RentPath operates the leading portfolio of apartment and home rental sites, including ApartmentGuide.com, Rent.com and Rentals.com. Over the past several years, RentPath has transitioned its leading marketing solution, Apartment Guide, from a primarily print product to an exclusively digital offering. The sale of DistribuTech continues to emphasize RentPaths commitment to an all-digital strategy. Founded in 1986, DistribuTech maintains display racks and provides distribution for free publications in retail locations across 30 states.
As a stand-alone company, DistribuTech will be in a better position to quickly execute and capitalize on market opportunities, serve customers and create sustainable growth, said Mr. Karbowski, who will serve as DistribuTechs President and Chief Executive Officer. The excellent team of employees at DistribuTech has been the key to our success and will continue to allow us to take this business to the next level.
Terms of the transaction were not disclosed.
RentPath helps millions of consumers nationwide find apartments and houses for rent through its category-leading websites and mobile applications, including ApartmentGuide.com, Rent.com, Rentals.com and RentalHouses.com. With more than 7 million monthly unique visitors, RentPaths sites and apps continue to simplify home rental search for consumers and drive high quality rental leads to property management companies and landlords. For more information, visit http://www.rentpath.com.
For over 25 years, DistribuTech has provided display racks and distribution for free publications, currently in over 7,000 retail locations across 30 states. The company maintains display rack programs, many of which are on an exclusive basis, with several large national and regional retail chains, including grocery, drug, convenience, fitness and other mass merchandise locations. DistribuTech is headquartered in Tulsa, Oklahoma.
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