SPAR Group, Inc. acquired the remaining 49% stake in Resource Plus of North Florida, Inc. for $3 million.
May 30, 2024
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SPAR Group, Inc. (NasdaqCM:SGRP) entered into a Securities Purchase Agreement to acquire the remaining 49% stake in Resource Plus of North Florida, Inc. for $3 million on April 18, 2024. Based on the terms set in the original joint venture agreement, SPAR Group will pay a total of $3 million in annual payments over a five-year period. SPAR Group will pay a total of $3 million in annual payments over a five -year period. $250,000 was paid within five business days of closing, and the remaining $2,750,000 will be paid pursuant to a Secured Promissory Note.
SPAR Group, Inc. (NasdaqCM:SGRP) completed the acquisition of the remaining 49% stake in Resource Plus of North Florida, Inc. on May 1, 2024.
SPAR Group, Inc. is a global merchandising and brand marketing services company. The Company is engaged in offering merchandising, marketing and distribution solutions to retailers and brands. It provides the resources and analytics that improve brand experiences and transform retail spaces. Its segments include Americas; Asia Pacific (APAC), and Europe, Middle East, and Africa (EMEA). The Company provides six principal types of services: merchandising and marketing, category management and setup, remodel and retail transformation, assembly and installation, business analytics and insights, and fulfilment and distribution. It represents various manufacturers and/or retail clients in a range of retail segments and stores worldwide. Its clients in the retail segments include convenience, cash and carry, home improvement, consumer electronics, automotive, and others. Its clients in the manufacturer segments include personal technology, consumer electronics, consumables, and others.
SPAR GROUP, INC. 
