Business
Stran & Company Completes Acquisition of T R Miller Co., Inc.
Brings elite clientele as well as state-of-the-art distribution and processing center Quincy, MA, June 01, 2023 (GLOBE NEWSWIRE) -- Stran & Company, Inc.
About this update from Stran & Company, Inc.
[{"type":"text","content":"Brings elite clientele as well as state-of-the-art distribution and processing center\nQuincy, MA, June 01, 2023 (GLOBE NEWSWIRE) -- Stran & Company, Inc. (\"Stran\" or the \"Company\") (NASDAQ: SWAG) (NASDAQ: SWAGW), a leading outsourced marketing solutions provider that leverages its promotional products and loyalty incentive expertise, today announced the completion of its acquisition of the assets and business of T R Miller Co., Inc. (“T R Miller”), a branded merchandise company and industry leader with a history spanning more than 47 years. T R Miller’s unaudited revenue for its fiscal year ended 2022 was approximately $19 million. Andy Shape, President and Chief Executive Officer of Stran, commented, “The acquisition of T R Miller marks a significant milestone for Stran as it once again illustrates our scalable, accretive and synergistic M&A strategy. T R Miller brings a deep bench of skilled employees, as well as a proven track record of delivering quality products, innovative ideas, and reliable services. We look forward to leveraging T R Miller’s established presence within the industry and deepening our relationships with their existing roster of elite clientele. Furthermore, with the addition of T R Miller’s 20,000 square-foot state-of-the-art decoration, fulfillment and distribution center, located in Walpole, Massachusetts, we expect to enhance our operational and fulfillment capabilities, which will help support our anticipated growth. We are proud to have now completed four acquisitions since the start of 2022, all of which bring meaningful and important attributes to the Company.” Tom Miller, Founder and Chief Executive Officer of T R Miller, added, “We are thrilled to become part of the Stran family as we believe Stran is home to great people and a strong culture with opportunities for significant growth. We are confident in our combined abilities to deliver on customer expectations given the synergies between the companies and I look forward to witnessing our accomplishments as a collective team.” In connection with the acquisition, Mr. Miller will continue to be involved under a consulting agreement, along with Stacy Miller as Stran’s VP of Integration and Sales Development. About Stran Over more than 27 years, Stran has grown to become a leader in the promotional products industry, specializing in complex mar...