STRAN (PPAI 161542, Platinum) closed 2024 with momentum, citing robust demand across its core markets. The Massachusetts-based distributor sharpened its focus on margin growth and operational efficiency, even as it navigated macroeconomic headwinds.
The company called its largest acquisition to date, that of Gander Group, a major success in 2024 both because of its size and its potential for expansion and growth. Also in 2024, STRAN launched NetSuite as its new ERP system, a move several years in the making.
On the sustainability side, STRAN reports that it has begun Scope 1-3 benchmarking.
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