Stran & Company Acquires Strategic Assets of Gander Group

August 26, 2024

Stran & Company, through its newly formed subsidiary Stran Loyalty Solutions, acquired the assets and assumed certain liabilities of Bangarang Enterprises, LLC (d/b/a Gander Group) via a secured-party sale. Gander Group, headquartered in Irvine, California, generated over $34 million in revenue in 2023; its CEO Josh Blake and COO Bruce Batcheller will join Stran Loyalty Solutions as the acquisition expands Stran's casino continuity and loyalty capabilities and supports cross-selling into gaming and entertainment markets.

Buyers
Stran & Company, Inc., Stran Loyalty Solutions, LLC
Targets
Gander Group (Bangarang Enterprises, LLC)
Sellers
Bangarang Enterprises, LLC, Holder of Gander Group's senior financing facility (secured creditor)
Location
California, United States
Transaction Type
Buyout

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