ALEXANDRIA, VA—Union Street Acquisition Corp., (AMEX:USO), has agreed to buy RAZOR Business Strategy Consultants, a direct and interactive marketing agency, and Archway Marketing Services, in a cash and stock deal valued at $110.3 million.
Headquartered in Dallas, TX, RAZOR has approximately 165 employees and serves leading national marketers that include Domino’s Pizza, Rent-A-Center, GameStop, Baskin-Robbins, Wendy’s, Wireless Toyz and Habitat for Humanity.
Based in Minneapolis, MN, Archway Marketing Services Inc., a subsidiary of AHL Services, is a leading provider of Marketing Operations Management solutions.
Union Street expects to fund the RAZOR and Archway acquisitions with cash that is currently held in trust and the proceeds of a $30 million revolving credit facility under a signed commitment from Bank of America.
Union Street is a blank check acquisition company that raised $100 million in its IPO earlier this month.
It seeks companies involved in marketing services, business information services, human capital management, facilities and logistics services and professional services.
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