Star Equity Holdings Acquires Alliance Drilling Tools [Yahoo! Finance]
Star Equity Holdings, Inc. (STRR)
Company Research
Source: Yahoo! Finance
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 cash of $4.9 million, funded in part by $2.5 million of debt financing which closed simultaneously with the acquisition, and the remainder from Star's cash on hand. 775,000 shares of Star's Series A Preferred Stock (STRRP), equating to $7.75 million of value based on STRRP's liquidation prefe
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- Star Equity (NASDAQ:STRR) was upgraded by analysts at Litchfield Hills Research to a "strong-buy" rating.MarketBeat
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- Star Equity Holdings to Present at the Noble Capital Markets Emerging Growth Conference on December 3, 2025 [Yahoo! Finance]Yahoo! Finance
- Star Equity Holdings to Present at the Noble Capital Markets Emerging Growth Conference on December 3, 2025GlobeNewswire
- Star Equity (NASDAQ:STRR) was downgraded by analysts at Zacks Research from a "hold" rating to a "strong sell" rating.MarketBeat