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)
- Industry
- Marketing & Advertising
- Location
- California, United States
- Transaction Type
- Buyout
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