Want to sell your promo products business? Want to acquire another firm?

Facilisgroup says it can help.

The software-as-a-service company/partnering community for the promo industry has just launched Facilis Connect, a service dedicated to preparing, assisting and facilitating merger and acquisition opportunities for its more than 185 distributor partners.

“Whether preparing for a sale, or looking to acquire within the industry, Facilis Connect assists partners through the importance of due diligence so all parties clearly understand their respective opportunities and risks, and if appropriate, can lend its expertise and influence throughout the entirety of the process,” the company said in a press release.

“Through its extensive network of partners” the company continued, “Facilis Connect can identify potential partners for those looking to buy or sell, even hosting events dedicated to ‘matchmaking,’ where several buyers and sellers spend time with each other in a one-on-one setting.”

Facilisgroup reported that some partners are already embracing the service.

“For a company like ours, now is a good time to grow through acquisition,” said Sam Riden, CEO of The Specialty Company. “But when taking a big step like that, it’s important to have the help of someone you trust. Facilisgroup has saved us a tremendous amount of time and effort by helping identify companies who may be interested in selling and assisting in those important first steps.”

The promo industry has been experiencing consolidation, a trend some executives expect will accelerate.