The Sourcing Group (TSG) is pleased to announce the acquisition of Vanguard Direct, a business services and technology provider based in New York City, NY.

“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,” said Billy Caan, Founder/CEO of TSG.

“Vanguard Direct brings an incredible mix of technology, talent, and experience to TSG, with a very successful track record that spans two generations of ownership,” added Dennis Clemente, President of TSG. “Their business models fully complement our enterprise development as we expand our reach into managing technology applications for both private and government clients throughout the United States.”

“Throughout the process of our acquisition and due diligence, it became increasingly evident that Vanguard Direct and TSG were extremely compatible in three critical areas: leadership, operations and financial management,” stated Jody Morland, CFO of TSG. “Working directly with Bob O’Connell and his team to bring the companies together just made all the sense in the world to us,” she added.

“After 40 plus years building Vanguard Direct, Donald and I were focused on finding the right organization to sell our company to,” stated 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.”

“Bob and I have built Vanguard Direct with a constant eye on using technology as it relates to marketing & business services for our clients,” added 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.”

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.