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Smart Source, Announces Acquisition Of Suncoast Marketing, Inc.

May 17, 2022•over 3 years ago

Acquiring Company

Smart Source

Acquired Company

Suncoast Marketing

Information Technology

Description

Smart Source is pleased to announce its acquisition of Suncoast Marketing, Inc. ("Suncoast") in Fort Lauderdale, Florida. Suncoast was founded in 1977 and is ranked as the #1 distributor in Florida and top 35 in the U.S. Suncoast has established this position by consistently "Delivering Bright Ideas" through a focus on superior customer service, utilization of national and international distribution channels, and continuous enhancement of evolving technologies.

Company Information

Company

Smart Source

About

Smart Source is a premiere branded communications provider dedicated to delivering comprehensive BPO solutions. Based in Atlanta, Smart Source offers a full suite of solutions including creative services, document management and fulfillment management encompassing inventory management, kitting and distribution. The Company takes pride in delivering high quality products, providing industry expertise, streamlining processes and utilizing best-in-class technology to clients in a diverse array of industries including healthcare, finance, retail, hospitality and manufacturing. SOURCE Smart Source LLC

M&A Insights

Based on deal data
Integration 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