Star Equity Holdings to Acquire Harte Hanks for $38.4 Million

Star Equity Holdings, Inc. entered into a merger agreement on August 14, 2026, to acquire Harte Hanks, Inc., a global customer experience and business process outsourcing company. The transaction values Harte Hanks at $5.00 per share, representing approximately $38.4 million in equity value.

Payment for the acquisition will be split between cash, capped at $19.2 million, and Star 10% Series A Cumulative Perpetual Preferred Stock. The merger is designed to expand the Business Services division of Star Equity Holdings, creating a multi-BPO platform that includes Hudson Talent Solutions.

The combined entity expects pro-forma annual revenues of $384 million and estimated annualized cost synergies of $10 million. Both boards of directors have approved the deal, which remains subject to approval from Harte Hanks stockholders and other closing conditions. The transaction is expected to close before the end of 2026, and Harte Hanks will continue to operate under its own brand.