Stran & Company, Inc. completes acquisition of strategic assets of Gander Group™ to drive revenue growth
Dec 23, 2024•12 months ago
Acquiring Company
Stran & Company
Acquired Company
Gander Group™
Morocco
IrvineCasinoGamblingGamingDescription
Leading outsourced marketing solutions provider, Stran & Company, Inc., has successfully completed the acquisition of strategic assets of Gander Group™. By integrating Gander Group's assets in the gaming, casino, and entertainment sectors, Stran anticipates significant cross-selling opportunities, operational efficiencies, and a projected revenue increase of approximately 7.8% for the nine months ended September 30, 2024, compared to the same period in 2023.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed