Over the past two months I’ve been working pretty hard on a big deal. Not your daily deal kinda deal. Something a little bigger than that. We announced it yesterday morning. Half Off Depot is joining forces with CrowdSavings.
It is a union that has been a long time in the making. Seems to me that most deals work that way. I first approached CrowdSavings CEO Chad Jacquays about a how we might work together strategically in April of 2012. We kinda sorta know we were going to do it around Thanksgiving and the transaction closed mid January. Once we got real serious it took a solid two weeks to get it closed. Truth be told the transaction itself was more of an acquisition then a merger.
But putting the companies together is another story. Chad and Doug Bauer, the CrowdSavings CFO, have built some solid systems and a solid team that are going to make our combined entity much stronger. Going forward we are going to be using best practices which is always an interesting exercise.