Company: SWAGW
Filing Date: 2025-01-22
Form Type: 10-K/A
Source: 0001213900-25-005516
Chunk: 17

Company: Stran & Company, Inc.
Filing Date: 2025-01-22
Form: 10-K/A
Chunk 17
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ively Pursue Acquisitions. We believe that we are well-suited to capitalize                                                               
 on opportunities to acquire businesses with key customer relationships or have other value-added products or services that complement           
 our current offerings. Our acquisition strategy consists of increasing our share in existing markets, adding a presence in new or complementary 
 regions, utilizing our scale to realize cost savings, and acquiring businesses offering synergistic services such as printing, packaging,       
 point of sale (POS) displays, loyalty and incentive program management, and decoration, or offering additional differentiators. In September    
 2020, we acquired all the customer account managers and customer accounts of the promotional products business Wildman Imprints in Warsaw,      
 Indiana. As a result, we gained approximately over 1,400 customer accounts, including over 120 customer programs with higher repeat-business    
 potential; 20 additional employees; inventory worth approximately $650,000; and additional revenues of over $10 million as of 2019. This        
 acquisition allowed us to extend our geographical reach into the Midwest and further diversify our customer base. In January 2022, we           
 acquired the promotional products business and assets of G.A.P. Promotions in Gloucester, Massachusetts. From this acquisition, we expanded     
 our major beverage-specific customer accounts; hired 13 additional employees; gained inventory worth approximately $90,000; and gained          
 a business with sales of approximately $7.2 million as of 2021. In August 2022, we acquired the promotional products business and assets        
 of Trend Brand Solutions in Houston-area Tomball, Texas. From this acquisition, we diversified and expanded our customers’ geographic           
 accounts; gained eight additional employees; acquired inventory worth approximately $124,000; obtained a warehouse with kitting and fulfillment 
 capabilities; and gained a business with annualized sales of approximately $3 million as of 2022. In December 2022, we acquired the promotional 
 products business and assets of Premier NYC in Larchmont, New York. From this acquisition, we acquired a business with annualized sales         
 of approximately $2 million as of 2022 and a number of noteworthy customers including several large law firms and a national stock exchange.    
 In June 2023, we acquired the promotional products business and assets of T R Miller in Walpole, Massachusetts. From this acquisition,          
 we acquired a business with in-house decoration and fulfillment capabilities with sales of approximately $20.4 million for its fiscal           
 year ended June 30, 2022; obtained an