Hudson Global and Star Equity Complete $210M Merger, Form Diversified Holding Company

Hudson Global, Inc. and Star Equity Holdings, Inc. have completed their merger, forming a larger diversified holding company with pro-forma annualized revenues of $210 million. Under the merger terms, Star’s common and preferred stock were converted into Hudson Global shares and preferred stock, respectively, with Hudson Global planning to change its name to Star Equity Holdings and adjust ticker symbols accordingly. The combined company will operate four segments: Building Solutions, Business Services, Energy Services, and Investments, with Jeff Eberwein as CEO and Rick Coleman as COO. Stockholders from both companies approved the merger in August 2025, which also included the issuance of shares and election of directors. Analysts hold a neutral outlook on the new entity’s stock, noting positive strategic growth initiatives but also highlighting ongoing financial challenges such as declining revenues and negative cash flows. The merger aims to leverage the companies' increased size, diversified revenue streams, and improved profitability, with plans to utilize Hudson Global’s substantial federal net operating losses.