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Star Equity acquires Alliance Drilling Tools

Star Equity acquires Alliance Drilling Tools

Star Equity (STRR) Holdings announced it has acquired privately held Alliance Drilling Tools. 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 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, equating to $7.75 million of value based on STRRP’s liquidation preference of $10.00 per share.

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