Accredited Solutions Eyes Acquisition of Major B2B e-Gift Card Distributor

Accredited Solutions, Inc. (OTC: ASII), the parent company of Diamond Creek Water, has taken a significant step towards expanding its footprint in the fintech industry. The company has executed an Indication of Interest (IOI) letter to acquire a prominent US-based B2B distributor of third-party e-gift cards, a move that could substantially boost its market presence and financial performance.

The target company, which remains unnamed, has demonstrated impressive financial results, generating $33.7 million in sales in 2023. It is projected to achieve a revenue run-rate of $42.5 million in 2024 and is currently profitable on a net income basis. This potential acquisition aligns with Accredited Solutions' growth strategy, which seeks to capitalize on synergistic opportunities to accelerate expansion through strategic investments and resource allocation.

Eduardo Brito, CEO of Accredited Solutions, Inc., expressed enthusiasm about the prospective deal, stating, "We are thrilled by the prospects of this acquisition and the synergistic growth potential that brings to the table." Brito emphasized the exciting opportunity to drive significant growth and value through the combination of Accredited Solutions' resources and the target company's established presence in the fintech space.

The acquisition strategy outlined by Accredited Solutions includes plans to integrate marketing and administrative functions of both companies, leverage cross-selling opportunities with future acquisitions, and develop new products and APIs. These initiatives aim to enable the target company's integration with other fintech entities and facilitate entry into new international markets, potentially opening up significant growth avenues for the combined entity.

While the company remains cautious in its projections, there is confidence that this acquisition could play a crucial role in accelerating Accredited Solutions' 5-year growth plan. The next steps in the acquisition process involve advancing to a more binding Letter of Intent (LOI) once Accredited Solutions confirms its ability to complete a timely audit of the target company. Upon finalization of the audit, the company expects to move towards closing under the terms established in the LOI.

Accredited Solutions has expressed optimism about the viability of the deal and its position to finalize the transaction. However, the company maintains a prudent approach, noting that the viability of closing the transaction remains under careful evaluation until the audit nears completion.

This potential acquisition represents a significant development in the fintech sector, particularly in the B2B e-gift card distribution market. If successful, it could reshape the competitive landscape and potentially lead to innovative product offerings and expanded market reach for Accredited Solutions.

Investors and industry observers are advised to monitor the progress of this acquisition, as it could have far-reaching implications for Accredited Solutions' future growth trajectory and market position. The company has filed an 8K with further details of the IOI, providing additional transparency into the proposed transaction.

For more information about Accredited Solutions and its operations, interested parties can visit https://www.diamondcreekwater.com.