The Sourcing Group (TSG, asi/330100), a New York-headquartered distributor of print and promotional products, has acquired Drew & Rogers, a Fairfield, NJ-based firm that specializes in print, packaging and merch solutions.
Financial terms of the deal were not released. However, TSG Chief Operating Officer Joe Falcone told ASI Media that, based on the acquisition and projected organic growth, The Sourcing Group expects to generate annual revenue of $180 million in 2024 across its promo and various print verticals.
Make no mistake though: The deal is about much more than “buying” revenue; executives said that TSG and Drew & Rogers are a great cultural and operational fit.
“There are tremendous synergies between our organizations,” Falcone said. “We are thrilled that Drew & Rogers has decided to bring their expertise in commercial print, marketing collateral, packaging and branded merchandise together with TSG.”
Added Tom Rogers of Drew & Rogers: “Our business models are very complementary, and we are confident that we will continue to successfully deliver our full product offering, coupled with expanded technology-enabled solutions to our customers.”
Founded in 1944, Drew & Rogers began as a business forms distributor. These days, the company is nationally recognized in print circles for its product and service portfolio, executives said.
Dennis Clemente and Billy Caan founded The Sourcing Group in 2005. When it comes to print and promo solutions, the company manages ideation, sourcing, manufacturing, warehousing, fulfillment, logistics and billing services in what executives described as a fully integrated platform for customers.
Clemente, currently president of the firm, said TSG has a national footprint that includes 20 sales offices and 15 integrated fulfillment centers. Drew & Rogers’ strategic location in New Jersey helps augment that network, he said.
“We continue to evolve our technology offerings, never losing sight of the fact that we are in an industry that requires the most efficient technology combined with very talented, experienced, customer-specific account management teams,” said Falcone. “Our customers and our people are our most valuable assets.”
TSG isn’t a stranger to acquisitions. In 2020, the company acquired the assets of A Brand Company, a distributor that at the time was a Counselor Top 40 firm.
