CrowdSavings.com Acquires Lucky Monkey and Launches Johnson County, Kansas Daily Deals
Tampa, FL (August 2, 2011) -- CrowdSavings.com, a national daily deal site, enters its eleventh (11th) market with the acquisition of LuckyMonkey.com. The terms of the deal were not disclosed. Lucky Monkey has been providing great daily savings offers to Johnson County residents since March 2009. Johnson County is located approximately 20 miles outside of Kansas City, Kansas.
“CrowdSavings was clearly the best choice for our customers and our merchants in taking Lucky Monkey to the next level of success” says Kathy Boos, Co-Founder of Lucky Monkey and Publisher of 435 South Magazine. “We are also very pleased that Lucky Monkey’s Business Development Executive, Karen Myers, will be staying on with CrowdSavings’ in the same role, making the transition even smoother for customers and clients,” she added.
Lucky Monkey’s success in the niche market of Johnson County, a suburb of Kansas City, made them highly sought after by several companies in the daily deal space. CrowdSavings was able to prevail and continues to actively pursue additional acquisition opportunities in pursuit of their target of sixteen (16) active markets by year’s end.
“The Lucky Monkey team has done a tremendous job in developing a solid base of loyal customers as a result of working with the highest quality merchants in their area. With our available resources, we look forward to building upon their success as we continue to expand,” says Douglas Bauer, CrowdSavings.com CFO.
This is CrowdSavings’ second (2nd) acquisition in just two weeks with the acquisition of Get Grouby in Houston, Texas in mid-July.
Chad Jaquays, CrowdSaving’s Founder and CEO, believes that this is the future of this new and rapidly changing industry, “We are seeing an increase in consolidation activity and I foresee an abundance of merger and acquisition transactions taking place in the coming months that will bring solid value for all involved parties.”
CrowdSavings.com, started in 2009, offers deep discounts of 50 percent to 90 percent off retail prices to consumers, featuring daily deals from restaurants, spas, salons, theaters, museums, boutiques, local events, festivals, home and automotive services, and children's and recreational activities. The company leverages the power of social media such as Twitter and Facebook to encourage viral sharing of its daily deals.
Based in Tampa, Florida, CrowdSavings.com offers deeply discounted daily deals to consumers and provides unique marketing and advertising tools for its local merchants. With active markets in Atlanta, Austin, Cleveland, Denver, Houston, Las Vegas, Nashville, San Francisco, Tampa Bay, New York’s Tri-State area, and Johnson County, Kansas, CrowdSavings.com plans for continued national expansion throughout 2011.