Mergers & Acquisitions ·
On July 1, 2026, ReposiTrak, Inc. entered into stock purchase agreements with William Bartels and WHB Services, Inc.…
TRAKReposiTrak, Inc.
On July 1, 2026, ReposiTrak, Inc. entered into stock purchase agreements with William Bartels and WHB Services, Inc. Incentive Savings Plan and Trust to acquire 4,709,837 shares of SPAR Group, Inc. common stock for investment purposes. The acquisition involves approximately $3.3 million in contingent consideration, which includes a $100,000 non-refundable deposit, $139,883 for Bartels' shares, $485,118 for WHB's shares, and the issuance of a $2,571,885 unsecured promissory note. The note carries a 6.0% annual interest rate, matures on July 1, 2030, and requires annual principal installments of $725,000 for the first three years. Upon completion, ReposiTrak will beneficially own 31.3% of SPAR Group. ReposiTrak, Inc. provides technology-based solutions for the equipment rental industry.