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.