STRR - Mergers and acquisitions

OLD GREENWICH, Conn., March 04, 2025 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (NASDAQ:STRR, STRRP)) ("Star" or the "Company"), a diversified holding company, announced today it has acquired privately held Alliance Drilling Tools, LLC ("ADT"), a Wyoming- and Texas-based drilling equipment supply and repair company serving the oil and gas, geothermal, mining, and water-well industries. This transaction, which closed on March 3, 2025, marks a significant milestone in Star's growth strategy. Transaction Highlights Transaction values ADT at a cash-free, debt-free enterprise value of $12.65 million (including real estate estimated to be worth at least $3.0 million) paid at closing: Total

OLD GREENWICH, Conn., Aug. 22, 2024 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (NASDAQ:STRR, STRRP))) ("Star Equity" or the "Company"), a diversified holding company, announced today that its Board of Directors (the "Board") has adopted, and the Company has entered into, a Rights Agreement (the "Rights Agreement") with Equiniti Trust Company, LLC, as rights agent, designed to preserve the value of the Company's significant U.S. net operating loss carryforwards ("NOLs") and other tax benefits. Star Equity intends to seek stockholder approval of the Rights Agreement at its 2024 annual meeting of stockholders, although the Rights Agreement is effective immediately. Star Equity had U.S. f

Enters Engineered Wood Products Market Substantially Improves Cash Flow OLD GREENWICH, Conn., May 20, 2024 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (NASDAQ:STRR, STRRP))) ("Star" or the "Company"), a diversified holding company, announced today it has completed the acquisition of Timber Technologies, LLC ("Timber Tech"), a Wisconsin-based engineered wood products manufacturer, effective May 17, 2024. Transaction Highlights $23 million cash-free, debt-free purchase price.$23 million includes: $16 million in upfront cash; $4 million in deferred cash; and a $3 million, 2-year earn-out payable 50% in cash and 50% in shares of STRRP preferred stock.Earn-out Adj. EBITDA targets are $5.

OLD GREENWICH, Conn., Nov. 02, 2023 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (NASDAQ:STRR, STRRP))) ("Star" or the "Company"), a diversified holding company, announced today it has completed the acquisition of Big Lake Lumber, Inc. ("Big Lake"), a Minneapolis-based building supply center and lumber yard, effective October 31, 2023. Big Lake will be integrated into Glenbrook Building Supply, Inc. ("Glenbrook"), one of the businesses in Star's Construction division. "We are excited to announce this important transaction for Star and Glenbrook," said Rick Coleman, Star's CEO. "This complementary bolt-on establishes Glenbrook as a regional player in the twin cities metro area and expand

OLD GREENWICH, Conn., June 02, 2021 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (NASDAQ:STRR, STRRP))) ("Star Equity" or the "Company"), a diversified, multi-industry holding company with three business divisions, Healthcare, Construction, and Investments, announced today that its Board of Directors (the "Board") has adopted, and the Company has entered into, a Rights Agreement (the "Rights Agreement") with American Stock Transfer & Trust Company, LLC, as rights agent, designed to preserve the value of the Company's significant U.S. net operating loss carryforwards ("NOLs") and other tax benefits. Star Equity intends to seek stockholder approval of the Rights Agreement at its 2021 annua