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Stran & Company Announces Closing Of Gap Promo Acquisition; Adds Over $7 Million In Annualized Revenue

Feb 01, 2022•almost 4 years ago

Acquiring Company

Stran & Company, Inc.

Acquired Company

GAP Promo

QuincyAdvertisingConsumer GoodsCommerce And ShoppingMedia And EntertainmentContent And Publishing

Description

Stran & Company, Inc. ("Stran" or the "Company") (NASDAQ: STRN) (NASDAQ: STRNW), a leading outsourced marketing solutions provider that leverages its promotional products and loyalty incentive expertise, today announced the completion of its previously announced acquisition of GAP Promotions, LLC (“GAP Promo”) in an asset purchase transaction.

Company Information

Company

Stran & Company, Inc.

Location

2 HERITAGE DRIVE

Quincy, Florida, United States

About

Over the past 25 years, Stran has grown to become a leader in the promotional products industry, specializing in complex marketing programs to help recognize the value of promotional products, branded merchandise and loyalty incentive programs as a tool to drive awareness, build brands and impact sales. Stran is the chosen partner of many Fortune 500 companies, across a variety of industries, to execute their promotional marketing, loyalty and incentive, sponsorship activation, recruitment, retention, and wellness campaigns. Stran provides world-class customer service and utilizes cutting-edge technology, including efficient ordering and logistics technology to provide order processing, warehousing and fulfillment functions. The Company’s mission is to develop long-term relationships with its clients, enabling them to connect with both their customers and employees in order to build lasting brand loyalty.

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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