Nicola Beamish, chief financial officer at LBM, said: “This is a tremendous opportunity to extend the value and service offerings we bring to clients on a much larger scale and to provide new opportunities for our employees.
“We look forward to the opportunity to add value to our existing clients and to grow with a company that has a global presence, strong reputation, and an exceptional client base.”
Stream chief executive Kathy Marinello said: “This transaction is about delivering greater value to our clients and long-term growth for our company.
“LBM has proven experience in creating highly precise target lists of people who will be more inclined to buy products and services. “LBM’s people, expertise and capabilities, combined with Stream’s financial strength, global presence, and sales and service offerings, will establish a broader portfolio of high-value service offerings for our clients.”