The Summit Group (TSG) Communications, Inc. announced today it has been acquired by Parpia Global Management.
Naushad Parpia, investor and serial entrepreneur, who is the owner of Parpia Global Management, assumes the CEO responsibility at TSG after the purchase, leading there
a team of talented professionals and a longtime senior management team including Partners James Rabdau, Jordan Howe and Melissa Romley.
Naushad Parpia serves as well as Chairman of Plative, a fast-growing managed services firm that was recently named one of the country’s fastest-growing firms by Consulting.
With offices in New York City, Toronto, Vancouver, Mumbai and Manila, the digital-first management consulting firm, Parpia Global Management offers advisory, professional, and project implementation services to more than 1,100 clients. The new CEO of TSG established and grew the firm by himself.
The Summit Group is a full-service marketing, communications and advertising agency founded nearly forty years ago by Bill Paulos who built the agency as an independent firm and fierce advocate for its clients. It remains Utah’s longest-running independently owned agency and has represented some of the world’s most recognizable brands and small, promise-filled businesses aspiring to become household names.
Paulos co-owned the agency with Partner Todd Wolfenbarger who bought into the firm nearly 20 years ago after a successful career with several Fortune 500 companies. Wolfenbarger will continue to serve TSG in a consultative role.
“I founded TSG when I was 24 years old and have worked alongside hundreds of engaging, smart, and professional people, clients, and TSG teammates, many that have become lifetime friends,” said Bill Paulos, Founder, and former CEO of TSG. “I have always believed that business is the ultimate team sport and I have loved my job because it fueled my desire as a competitor and teammate. I firmly believe Naushad is exactly the right person to take TSG to higher levels of achievement and growth, and he cares deeply about the team and clients we have built.”
“This is an exciting time to be in this business and TSG has amazing clients, talented people and phenomenal near-term growth opportunities,” said Wolfenbarger. “I firmly believe the best, and most exciting days, for TSG lie ahead.”
TSG is a privately held company based in New York City, NY and Salt Lake City, UT with satellite offices across the U.S.
