Smart Source LLC Acquires Kaye-Smith, Boosts Operations
Smart Source LLC Expands Presence with Kaye-Smith Acquisition
Smart Source LLC has announced a significant acquisition that enhances its operational footprint. The company has successfully acquired certain assets of Kaye-Smith Enterprises, a well-established name in the print and promotional products industry.
Strengthening Operations in the Pacific Northwest
This latest acquisition represents a strategic move into the Pacific Northwest, allowing Smart Source to broaden its service offerings in key markets. Tom D'Agostino, Jr., the founder and president of Smart Source, expressed enthusiasm about the acquisition, highlighting Kaye-Smith's longstanding reputation for quality and reliability. This partnership aims to deliver enhanced value to clients across various sectors, particularly in regions such as Seattle and Portland.
Benefits for Clients
Alex Smith, the current owner of Kaye-Smith, mentioned that joining forces with Smart Source will provide an array of additional benefits to their existing clientele. This collaboration is set to introduce new product capabilities and deeper expertise in marketing spend category management, ultimately enhancing service delivery.
Growth and Future Outlook
This acquisition represents one of several strategic moves by Smart Source to expand its market presence. With an anticipated increase in annual revenues to approximately $250 million, Smart Source continues to solidify its standing as a leader in the marketing execution and print management sector.
About Kaye-Smith
The history of Kaye-Smith dates back to 1908, showcasing a rich heritage in the printing and promotional products industry. Established in 1958 as a joint venture, Kaye-Smith has been a significant player in facilitating enterprise-level print management. Under Alex Smith’s leadership since 2004, Kaye-Smith has undertaken various acquisitions that have further strengthened its market position.
About Smart Source
Founded in 2003 in New York City, Smart Source has emerged as a formidable player in the global marketing, brand, and sourcing execution sector. The company prides itself on delivering innovative solutions while maintaining a focus on cost efficiency and positive revenue impact for its clients. With a broad portfolio of services, Smart Source operates across multiple industries, making it one of the largest distributors of print and promotional products in the United States.
Frequently Asked Questions
What is the significance of Smart Source acquiring Kaye-Smith?
The acquisition allows Smart Source to enhance its operational capabilities and expand its footprint in the Pacific Northwest, providing clients with improved services.
How will this acquisition benefit Kaye-Smith's clients?
Clients will gain access to a broader range of products and services, along with increased expertise and innovative solutions from a larger national company.
What has been the historical timeline of Kaye-Smith?
Kaye-Smith has roots dating back to 1908, transitioning through various ownerships and maintaining a solid reputation in the print industry.
What types of solutions does Smart Source offer?
Smart Source provides a full suite of marketing execution solutions, including print management, creative services, and fulfillment management, catering to diverse industries.
What is the future growth expectation for Smart Source following this acquisition?
The acquisition is projected to boost Smart Source's annual revenues to approximately $250 million, indicating strong growth potential and market expansion.
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