SPAR Group Announces Closing of South Africa Joint Venture Sale
SPAR Group, Inc. (SGRP)
US:NASDAQ Investor Relations:
investors.sparinc.com/investor-relations
Company Research
Source: GlobeNewswire
AUBURN HILLS, Mich., May 02, 2024 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ: SGRP) (“SPAR,” “SPAR Group,” or the “Company”), a provider of merchandising, marketing, and distribution services, announces the closing of the sale of its majority share in South Africa’s Meridian Group to the minority shareholder Lindicom for approximately $10 million USD. “The closing of the South Africa sale is a critical step toward the completion of an initiative to create long-term value for shareholders by simplifying SPAR Group's operating structure and bringing in cash for further growth. Specifically, it uses our brand equity and capital on a strategy to maximize opportunities in the market and return on investment,” said Mike Matacunas, SPAR Group CEO. As part of the agreement, Meridian Group has also entered into software as a service (SAAS) agreement with SPAR Group to continue the use of SPAR’s technology. About SPAR Group, Inc. SPAR Group is an innovative services company offering com
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SGRP
News
- SPAR Group, Inc. Reports First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- SPAR Group, Inc. Reports First Quarter 2024 ResultsGlobeNewswire
- SPAR Group, Inc. Announces Timing of First Quarter Results Conference CallGlobeNewswire
- SPAR Group Announces Closing of South Africa Joint Venture Sale [Yahoo! Finance]Yahoo! Finance
- SPAR Group Completes Acquisition of Minority Interest in Resource PlusGlobeNewswire
SGRP
Earnings
- 5/15/24 - Beat
SGRP
Sec Filings
- 5/16/24 - Form 8-K
- 5/15/24 - Form 10-Q
- 5/13/24 - Form 4
- SGRP's page on the SEC website