PlayMonster is launching into the new year with an exciting expansion plan — including the appointment of a new CEO and significant investments from private market firms, Adams Street Partners and H.I.G Capital.
With the retirement of Bob Wann, former CEO of the company, Tim Kilpin has been promoted from president to CEO. In his new role, Kilpin will focus on expanding and accelerating PlayMonster’s retail relationships, product innovation, brand development, licensing, and international expansion. He will oversee the continuing growth of Hasbro’s Playskool brands, as well as several major launches from last year, including Koosh and Spirograph Animator.
The new investments mark a new chapter for PlayMonster, symbolizing the company’s growth to a top international toy and game company.
About the expansion, Kilpin says “Our relationship with Adams Street and H.I.G Capital greatly accelerates our goal to become one of the industry’s top global toy companies, and echoes our steadfast dedication to delivering great play experiences for consumers. We’re eager to work with two firms that share our vision and values and have what it takes to create magic in 2022.”
