Highwire Capital Confirms Commitment to Acquire SPAR Group Amidst Investor Interest

Highwire Capital Reaffirms Acquisition Plans for SPAR Group

DALLAS, March 20, 2025 — Highwire Capital, an investment firm focused on middle-market companies, has officially confirmed its intent to proceed with the acquisition of SPAR Group, Inc. (NASDAQ: SGRP). This announcement comes in response to numerous inquiries from both media outlets and investors regarding the status of the transaction. The acquisition, described by Highwire as a pivotal step in enhancing its market position, aims to close in an all-cash deal following the approval from SPAR Group's stockholders during a special meeting held on October 25, 2024.

Highwire Capital had previously established an Agreement and Plan of Merger with SPAR Group and Highwire Merger Co. I, Inc., a wholly owned subsidiary of Highwire Capital, dated August 30, 2024. Ben Hudson of Highwire Capital stated, “We remain committed to the completion of this transaction. The lender’s commitment has been extended, and we are working closely with all parties to finalize the process and to deliver value to SPAR shareholders.”

SPAR Group, recognized as a leader in innovative services, provides a comprehensive range of merchandising, marketing, and distribution solutions. The company's mission has always been focused on enhancing retail environments and improving overall brand experiences through effective analytics and resources.

Adding to the company's positive outlook, Hudson expressed excitement for the future, emphasizing the potential for SPAR Group under Highwire's stewardship: “We are excited about the future of SPAR and look forward to a successful close.”

Highwire Capital’s approach typically involves integrating advanced technologies into traditional business models, a strategy that revitalizes companies by fostering innovation and increasing operational efficiency. This acquisition may signal a new phase of growth for SPAR Group, as it positions itself to leverage Highwire's industry insights and technological advancements.

The announcement is particularly timely as the market continues to evolve, and companies like SPAR Group look for ways to differentiate themselves in a competitive landscape. Highwire Capital's commitment to innovation could not only drive SPAR Group’s growth but may also contribute significantly to its shareholders' value.

In the ever-changing landscape of business, mergers and acquisitions are often seen as catalysts for new opportunities and advancements. In this case, the transaction is anticipated to yield numerous benefits, particularly in enhancing SPAR Group’s capabilities and reach within the retail sector.

However, the road to acquisition is not without its challenges. Highwire Capital acknowledges the associated risks which include legal proceedings, conditions that must be satisfied for closing, and market uncertainties. Despite these challenges, the firm seems determined to navigate through them and ensure that the acquisition aligns with its strategic objectives.

As of now, Highwire Capital has confidence in achieving a successful acquisition of SPAR Group, which will undoubtedly shape the future of both entities in the dynamic world of retail. Stakeholders will be keenly watching the developments, as the changes brought about could play a significant role in reshaping strategies not just for SPAR but across the industry as a whole.