SPAR Group closes Brazil holding company sale for ~$12M, simplifying structure

SPAR Group, Inc.

Closed sale of Brazilian holding company (majority stake in Brazil JV) on June 3, 2024 for ~$12M.
Transaction completed via leveraged buyout by a minority shareholder; proceeds return cash to SPAR.
CEO states sale simplifies operating structure; SPAR remains bullish on growth and profitability.
SPAR will maintain a relationship with the Brazil business to potentially add value to clients.

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