The Marygold Companies to Sell Brigadier Security Systems for $2.2M, Aligning with Growth Strategy in Financial Services Sector.

The Marygold Companies plans to sell its Canadian subsidiary, Brigadier Security Systems, to SKCAL for approximately $2.2M. The sale aligns with the company's strategy to focus on growth in the financial services sector. Proceeds from the sale will be used to pay down corporate debt and for general corporate purposes. The transaction is expected to close on July 1 and is subject to customary prerequisites.

The Marygold Companies, Inc. (NYSE American: MGLD), a diversified global holding company, has announced its intention to sell its wholly-owned Canadian subsidiary, Brigadier Security Systems Ltd., to SKCAL LLC. The transaction, valued at approximately $2.2 million, is part of the company's strategic shift towards focusing on growth in the financial services sector.

The sale is expected to close on July 1, 2025, subject to customary prerequisites such as completion of due diligence, board approval, and a fairness opinion. The proceeds from the sale will be used to pay down corporate debt and for general corporate purposes.

The Marygold Companies, founded in 1996 and repositioned as a global holding firm in 2015, currently operates subsidiaries in various sectors including ETF fund management, financial services, food manufacturing, printing, security systems, and beauty products. Brigadier Security Systems, based in Saskatoon, SK, Canada, provides comprehensive security solutions to homes, businesses, government offices, schools, and other public buildings throughout the province.

Nicholas Gerber, CEO of The Marygold Companies, stated that while the company had not put Brigadier up for sale, the timing was right for both parties. The acquirer paid a fair market price, and the company achieved an excellent return on its original investment. The proposed transaction aligns with the company's corporate goals and mission, which have been evolving towards a focus on financial services.

References:
[1] https://www.marketscreener.com/quote/stock/THE-MARYGOLD-COMPANIES-IN-111314221/news/SKCAL-LLC-entered-into-a-stock-purchase-agreement-to-acquire-in-Brigadier-Security-Systems-Ltd-from-50295503/
[2] https://www.investing.com/news/company-news/the-marygold-companies-to-sell-brigadier-security-systems-for-22-mln-93CH-4103713
[3] https://finance.yahoo.com/news/marygold-companies-enters-agreement-sell-120000710.html
[4] https://www.stocktitan.net/news/MGLD/