SGRP - Mergers and acquisitions

SPAR Group, Inc. (NASDAQ:SGRP) ("SPAR", "SPAR Group" or the "Company"), a provider of retail and brand services, announced today that an investor group made up of high-net worth individuals that supported the previously terminated Highwire Capital transaction have invested $440,000 in cash to acquire 220,000 SPAR shares for $2.00 per share. The transaction was completed by issuing shares of the Company's common stock from treasury. "I am pleased that this group of investors recognize the potential value of our business and made the strategic decision to acquire our shares in a private transaction at a 76% premium to Monday's closing price, $1.13. This purchase by strategic investors under

AUBURN HILLS, Mich., May 01, 2024 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ:SGRP) ("SPAR," "SPAR Group," or the "Company"), a provider of merchandising, marketing, and distribution services, announces the acquisition of the remaining minority interest of Resource Plus, a U.S.-based joint venture. "SPAR established the joint venture with Resource Plus in 2017 to open new segments and expand the company's capabilities. The JV agreement enabled SPAR to accelerate the growth of its remodel business over the last few years, including positioning the company as a service provider to the two largest home improvement retailers in the U.S.," said Mike Matacunas, SPAR Group CEO. "This acqui

Combined deals to generate cash proceeds of approximately $22 million USD SPAR Group, Inc. (NASDAQ:SGRP) ("SPAR", "SPAR Group" or the "Company"), a provider of merchandising, marketing and distribution services, announces the sale of its majority share in South Africa's Meridian Group to the minority shareholder Lindicom for R181 million and the sale of SGRP Brasil Participações Ltda for 58.9 million BRL to a minority shareholder. These transactions have been approved by the SPAR Board of Directors and are expected to close in the second quarter. "We completed a robust evaluation of the Company's operations and structure, paying special attention to the quality of earnings for each of o