Aluf Holdings, Inc. acquired Tax Partners USA, LLC for $0.25 million.
January 10, 2023
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Aluf Holdings, Inc. (OTCPK:AHIX) agreed to acquire Tax Partners USA, LLC on December 15, 2022. The transaction is scheduled to take place on December 30, 2022.
Aluf Holdings, Inc. (OTCPK:AHIX) acquired Tax Partners USA, LLC for $0.25 million on January 10, 2023. Aluf paid approximately $250 thousand to acquire TPG, funded through a combination of seller financing and equity (approximately $200 thousand). Approximately 800 thousand shares were issued from Treasury, priced at $.25 per share.
Aluf Holdings, Inc. operates as a holding company. The Company is engaged in acquiring, operating, and managing subsidiaries in the development and sale of software and technology solutions. Its Business Management Solutions Division provides diverse solutions of back-office, staffing, financial, and technology services. The Company is focused on acquiring and managing companies which are engaged in biometrics and cyber security, cloud-based software-as-a-services (SaaS), medical applications and in the software and technology industries. The Company also provides virtual income tax preparation, accounting, and advisory services for corporations, small businesses and high net worth individuals. Its subsidiaries include Tax Partners USA, LLC and Aluf Tech LLC. Its Aluf Tech, LLC. is a provider of diversified services, offering business solutions, technology solutions, and life solutions.