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W&L and Purchasing Power

Purchasing Power, an Atlanta-based company that has been ranked on Entrepreneur magazine’s list of the Top 100 fastest growing companies, has added to its Washington and Lee connections with the announcement that Chad Delp of the Class of 1993 is the new chief financial officer.

At Purchasing Power, Chad is joining fellow W&L alumnus Keith Calhoun, of the Class of 1979, who is the company’s CEO.

Prior to joining Purchasing Power, Chad was senior vice president in the consumer group of Stephens Inc., in Little Rock, where he executed client transactions, including mergers and acquisitions and capital raises. Chad is currently a director of Purchasing Power, Morrell Wine Group, 5 Star Sports Calendar and ACCESS schools, a non-profit organization that serves the needs of children with learning disabilities. After receiving his bachelor’s degree in economics at W&L, Chad went on to earn a master’s in business administration in finance with distinction from the Wharton School of the University of Pennsylvania, where he was named a Palmer Scholar.

Keith, meantime, has been a member of the management team of Purchasing Power since it began in April 2000 and is credited with changing the business model of the company by developing the employee computer purchase program. Now the company helps employees purchase name-brand products with manageable monthly payments through payroll deduction and is licensed in all 50 states as a reseller of personal computers, consumer electronics, and home appliances and maintains relationships with major manufacturers, as well as resellers, distributors and other suppliers.

In 2008, Keith was named one of the Catalyst magazine’s “Top 25 Entrepreneurs & Ones to Watch” and, in a video you can watch here, described the way the company has evolved from the idea he originally had during a fly fishing trip.

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