Curated News
By: NewsRamp Editorial Staff
September 06, 2024
Accredited Solutions, Inc. Announces Acquisition of Leading US-Based B2B Distributor
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Discuss on SubstackTLDR
- Accredited Solutions' acquisition of a leading B2B distributor of e-gift cards will accelerate growth and provide a significant competitive advantage.
- The potential acquisition aligns with Accredited Solutions' growth strategy and includes plans to integrate marketing and administrative functions.
- The acquisition will unlock new avenues of expansion, drive significant growth, and create exciting new opportunities in the fintech space.
- Accredited Solutions plans to develop new products and APIs to enable the target’s integration with other fintech companies and entry into new international markets.
Impact - Why it Matters
This news matters as it highlights Accredited Solutions' strategic move towards acquiring a profitable B2B distributor of e-gift cards, projecting significant growth and expansion opportunities. The acquisition could potentially impact the fintech space and international markets, as well as contribute to the company's 5-year growth plan.
Summary
Accredited Solutions, Inc., the parent company of Diamond Creek Water, has executed an Indication of Interest letter for the acquisition of a leading US-based B2B distributor of third party e-gift cards. The target company generated $33.7 million in sales in 2023 and is on track for a 2024 revenue run-rate of $42.5 million. The potential acquisition aligns with Accredited Solutions' growth strategy, providing synergistic opportunities for rapid scaling and entry into new international markets. The company anticipates a smooth process towards closing under the terms established in the LOI, pending a timely audit.
Source Statement
This curated news summary relied on this press release disributed by NewMediaWire. Read the source press release here, Accredited Solutions, Inc. Announces Acquisition of Leading US-Based B2B Distributor
