09:54 AM EDT, 08/26/2024 (MT Newswires) -- Stran ( SWAG ) said Monday that it had acquired the assets and assumed some liabilities of Bangarang Enterprises, doing business as Gander, through a secured party sale launched by the holder of Gander's senior financing facility.

Financial details of the deal were not provided.

Stran ( SWAG ) said Gander generated over $34 million in revenue last year.

Stran ( SWAG ) said its unit, Stran Loyalty Solutions, handled the deal, and Gander will be operated as part of Stran's ( SWAG ) newly formed casino continuity and loyalty segment.

Stran ( SWAG ) said it expects its annualized revenue run rate to exceed $100 million, the purchase will generate positive cash flow, and the deal will be accretive for stockholders.

Stran ( SWAG ) shares were up 2.5% in recent trading.

Price: 1.26, Change: +0.05, Percent Change: +4.13