Star Equity Holdings Announces Acquisition Of Big Lake Lumber; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Star Equity Holdings, Inc. (NASDAQ:STRR) has completed the acquisition of Minneapolis-based building supply center and lumber yard, Big Lake Lumber, Inc. The acquisition will be integrated into Glenbrook Building Supply, Inc., one of the businesses in Star's Construction division. The transaction is expected to diversify Glenbrook's revenue mix and generate substantial value for Star shareholders.
November 02, 2023 | 1:00 pm
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Star Equity Holdings' acquisition of Big Lake Lumber is expected to diversify Glenbrook's revenue mix and generate substantial value for shareholders.
The acquisition of Big Lake Lumber by Star Equity Holdings is expected to diversify the revenue mix of Glenbrook, one of Star's businesses. This diversification and the potential for margin synergies could lead to increased value for Star's shareholders, potentially leading to a positive impact on Star's stock price in the short term.
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