PEORIA – May 6, 2019 – Bump Boxes is issuing employee stock options to the entire staff after doubling revenue for three consecutive years. The company is hosting a Signing Day for its employees on Friday, May 10 at 1:00 PM. Members of the press and the community are welcome to attend a tour of the facility (7719 North Pioneer Lane, Peoria) at 12:30 PM and stay for the Signing Day event to follow.
To RSVP, please email [email protected]
Christine Deehring, CEO and Co-Founder, said that the company is profitable and growing rapidly. She adds, “We’re three years into Bump Boxes and we’ve only scratched the surface of what we’re intending to do. I shipped the first few boxes from the back of my car and now we’re on track to hit $20 million in annual revenue. Our team is at the core of it all and the stock option plan is the best way for me to invest into their futures. And into the future of Peoria.”
The announcement follows the company’s first steps into locating a larger office and warehouse space. “We moved into our current office with the assumption that we would lease out some space to other startups. Instead, we grew so quickly that we’ve had to lease two additional buildings and add shipping containers behind the building to buy ourselves the room to grow,” said Leland Deehring, CIO and Co-Founder. The company intends to sign a letter of intent within the next few weeks.
Drew Chitwood, COO, also added, “Our secret weapon is our team. And the fact that we’re based here in Peoria. We’ve acquired a number of our competitors over the years simply because the type of talent required to build this business simply isn’t based anywhere but Peoria, Illinois. We’re hiring aggressively.”
“Bump Boxes represents the very best of our region,” said Chris Setti, CEO of the Greater Peoria Economic Development Council. “We’ve long been known as a region centered on manufacturing and now health care, but it is innovative companies like Bump Boxes that are defining our present and future. We are excited to see their growth here.”
Added Jim Ardis, Mayor of Peoria, “We are excited to see Bump Boxes take these next steps. The ESOP is an incredible investment in employees and a testament to the care Bump Boxes puts into its employees. We look forward to helping them grow in our community.”
About Bump Boxes
Bump Boxes is the largest, fastest growing subscription box for mom and baby. It finished 2018 with 32 employees and $8M in revenue. In 2019, it intends to hire another 30 team members and hit $20M in revenue.
Open positions are posted at https://bumpboxes.com/careers
Bump Boxes 7719 North Pioneer Lane Peoria, IL 61615 (888)913-7879
Press Questions and Event RSVPs:
Paul Singh Chief Revenue Officer, Bump Boxes [email protected] (703)628-8005
Media ContactCompany Name: Bump BoxesContact Person: Paul SinghEmail: Send EmailPhone: 888-913-7879Address:7719 N Pioneer Lane City: PeoriaState: IllinoisCountry: United StatesWebsite: bumpboxes.com
