Stran & Company Acquires Strategic Assets Of Gander Group; No Financial Terms Disclosed, Says "Following The Acquisition, We Project Our Annualized Revenue Run Rate Will Exceed $100M"
Portfolio Pulse from Benzinga Newsdesk
Stran & Company, Inc. (NASDAQ:SWAG) has acquired strategic assets of Gander Group, projecting an annualized revenue run rate exceeding $100M. The acquisition was made through a secured party sale and will be managed by Stran's new subsidiary, Stran Loyalty Solutions.
August 26, 2024 | 1:06 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Stran & Company has acquired assets from Gander Group, which is expected to increase their annualized revenue run rate to over $100M. This strategic acquisition enhances Stran's position in the casino continuity and loyalty programs market.
The acquisition of Gander Group's assets is a strategic move for Stran & Company, expected to significantly increase their revenue. The integration into Stran Loyalty Solutions suggests a focused expansion in the casino continuity and loyalty sector, likely leading to positive short-term stock performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100