secwatch.observer — SEC 8-K summary
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Issuer:     Stran & Company, Inc. (SWAG)
CIK:        0001872525
Form:       8-K
Filed at:   2023-01-31T23:59:59+00:00
Accession:  0001213900-23-006220
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stran to acquire T R Miller for cash + earnouts; T R Miller had $19M revenue in FY2022
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- Purchase price includes $1M cash at close, $1.1M in installment payments over four years, plus earnout payments based on 45% or 25% of gross profit above $4M annually.
- T R Miller generated ~$19M revenue in FY2022; operates 20,000 sq ft distribution center in Walpole, MA.
- Acquisition is Stran's fourth in thirteen months; expected to close H1 2023 subject to customary conditions.
- Acquisition adds blue-chip clients including Big Four accounting firm, Fortune 100 insurer, global sportswear manufacturer.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1872525/000121390023006220/0001213900-23-006220-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1872525/000121390023006220/ea172414-8k_stran.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-006220

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