New York City-based distributor The Sourcing Group (PPAI 670660, Standard-Plus) has announced the acquisition of New York City-based distributor Vanguard Direct (PPAI 223977, Standard-Plus).

With the acquisition of Vanguard Direct, the annual revenues at TSG will be $265 million annually, with projected revenues that will exceed $300 million in 2026, according to the company.

“After 40 plus years building Vanguard Direct, we were focused on finding the right organization to sell our company to,” says Bob O’Connell, president of Vanguard. “We were interested in finding a company that was completely aligned with our business philosophies and truly understood our commitment to our dedicated team of employees. This deal was just meant to be.”

After 40 plus years building Vanguard Direct, we were focused on finding the right organization to sell our company to.”

Bob O’Connell

President, Vanguard Direct

‘Meant To Be’

Dennis Clemente, president of TSG, says Vanguard Direct’s business model fully complements TSG’s enterprise development as it expands its reach into managing technology applications for both private and government clients throughout the United States.

“Our acquisition of Vanguard Direct is the culmination of a very exciting process that brought our companies together through a strategic, collaborative evaluation of our business philosophies, our technology models, our like-minded leadership and our talented, experienced people that make it all happen,” says Billy Caan, founder and CEO of TSG.

The synergies between TSG and Vanguard are very much aligned.”

Donald O’Connell

EVP, Vanguard Direct

“Bob and I have built Vanguard Direct with a constant eye on using technology as it relates to marketing and business services for our clients,” adds Donald O’Connell, executive vice president of Vanguard Direct. “The synergies between TSG and Vanguard are very much aligned. We all believe that our collective focus on these key business elements will take us to the next level.”