One10 LLC (“One10”), a leader in performance improvement solutions, announced today a strategic acquisition of First Lorandus Global Inc. (“Lorandus”), an Ontario, Canada-based leader in virtual, hybrid, incentive travel and face-to-face events. This partnership represents the first of many global growth initiatives for One10 as it continues to expand the firm’s industry-leading capabilities and service offerings.

The investment will allow for expansion of the One10 brand and its proprietary incentive and recognition technology while supporting Lorandus’ desire to expand the suite of products offered to its customer base. One10 provides end-to-end solutions in marketing services, training, incentives, recognition, and travel and events.

“We are thrilled to expand our footprint in North America,” said Bob Miller, One10 president and CEO. “Lorandus is well-respected in the industry and has a successful track record of building strong customer relationships through excellent delivery. The values and employee-centric cultures of our two organizations are aligned in their focus on serving our clients by supporting and engaging our talented employees. Our partnership provides an opportunity for us to broaden our offering and better serve both Canadian and U.S.-based clients.”

Details of the transaction were not disclosed.

Lorandus’ president and chief inspiration officer, Stephen Cook stated, “We are delighted to be partnering with One10 and continuing our collaborative journey of delivering results for our clients. The opportunity of expanding our product suite through the acquisition is incredibly exciting. The One10 leadership team has built an organization that aligns very much with the ‘people first’ culture we have fostered here at Lorandus.”

Bow River Capital, a strategic investor in One10, supported the partnership with Lorandus.

“We see a significant opportunity for growth with the Lorandus portfolio. Given the opportunity to serve enterprise companies in both the US and Canadian markets, it was a natural fit,” said Greg Hiatrides, managing director, Bow River Capital.

One10 maintains a presence across North America as well as a global partner network of suppliers. Lorandus, located in Ontario, Canada, will operate as a wholly-owned subsidiary of One10.