Stran & Company Acquires GAP Promotions (GAP Promo)

Stran & Company, Inc. (NASDAQ: STRN) signed a definitive agreement to acquire GAP Promotions, LLC (GAP Promo) in an asset purchase expected to close in Q1 2022. GAP Promo, a Gloucester, Massachusetts-based full-service promotions agency that generated $7.4 million in sales in 2020, will be led post-close by founder Gayle Piraino and all current employees will be retained. The deal expands Stran's promotional products, point-of-sale/display capabilities and its reach within the beverage and consumer packaged goods end markets.