m_and_a
confidence high
sentiment neutral
materiality 0.65
Marygold Companies sells Brigadier Security to director's LLC for $2.22M
Marygold Companies, Inc.
- Total consideration ~US$2.2M: $220K due in 3 business days, $1M at close (July 1), $1M on Sept 1.
- Buyer SKCAL LLC is owned by director Scott Schoenberger (~11% holder); independent directors approved after fairness valuation.
- Proceeds to be used to pay down corporate debt and for general corporate purposes.
- Divestiture aligns with TMC's strategy to focus on financial services; Brigadier provided security solutions in Saskatchewan.
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