Stran Announces Acquisition of Premier NYC
"We remain committed to our M&A growth strategy, and with over 30 years of experience in the promotional products industry, we expect Premier NYC to complement our capabilities and customer base," said Andy Shape, president and CEO of Stran. "Moreover, this acquisition is expected to further establish our brand in the Northeast. Premier NYC has developed reputation for creative, timely and accurate delivery of promotional products. In addition, Premier NYC's customers include one of the largest global stock exchanges, an Ivy League university, several of the largest U.S. and international law firms, and more. Consistent with our prior acquisitions, we look forward leveraging our technology and sales infrastructure to help accelerate the growth and improve operating efficiency of this business."
Stran most recently made headlines for changing its stock ticker symbol to SWAG last week. The company also complete numerous acquisitions this year, such as those of Trend Brand Solutions an GAP Promotions.
"Overall, 2022 has been a transformative year for the company, starting with the GAP Promotions assets acquisition in February, followed by our assets acquisition of Trend Brand Solutions in August, and rounding out the year with this latest acquisition," Shape continued. "We remain committed to growing Stran both organically and through accretive acquisitions, and we believe that this growth strategy will help drive value for shareholders in 2023 and beyond."