Elmsford’s Hudson Barter Exchange is acquired

Elmsford-headquartered Hudson Barter Exchange (HBX), a division of Hudson Trade Network Inc., was acquired by BarterSaves LLC, a New Jersey-based barter exchange.

The financial terms of the deal were not disclosed; Hudson Trade Network will maintain an ownership stake in BarterSaves and Kevin Brown, CEO of HBX, will serve as vice president for BarterSaves.

This is the fourth acquisition for BarterSaves, which has a network of approximately 3,000 members located in New Jersey, New York, Pennsylvania, Maryland, Virginia, Florida, and Washington D.C. HBX amassed a membership of more than 1,000 businesses across a wide range of industries during the past 16 years.

“I”™m excited about the opportunity this provides for HBX members,” said Brown. “It will give them a larger network to sell their products and services to as well as many more options for using their barter credit.”