Exhibit 21.1
SPAR Group, Inc.
List of Subsidiaries at December 31 2024
Owned Subsidiaries |
State or Country of Incorporation |
|||
SPAR Acquisition, Inc. |
100 | % |
Nevada |
|
SPAR Assembly & Installation, Inc. (f/k/a SPAR National Assembly Services, Inc.) |
100 | % |
Nevada |
|
SPAR Canada Company |
100 | % |
Nova Scotia, Canada |
|
SPAR Canada, Inc. |
100 | % |
Nevada |
|
SPAR Group International, Inc. |
100 | % |
Nevada |
|
SPAR, Inc. |
100 | % |
Nevada |
|
SPAR International Ltd. |
100 | % |
Cayman Islands |
|
SPAR Marketing Force, Inc. |
100 | % |
Nevada |
|
SPAR Trademarks, Inc. |
100 | % |
Nevada |
|
SPAR China Ltd. |
100 | % |
China |
|
SPAR NMS Holdings, Inc. (inactive) |
100 | % |
Nevada |
|
NMS Retail Services, ULC (inactive) |
100 | % |
Nova Scotia, Canada |
|
Resource Plus of North Florida, Inc. (RPI") |
100 | % |
Florida |
|
BDA Resources, LLC1 |
70 | % |
Florida |
|
Leasex, LLC. (Operated by and with RPI) |
100 | % |
Florida |
|
Mobex of North Florida, Inc. (Operated by and with RPI) |
100 | % |
Florida |
|
SPAR Merchandising Romania, Ltd. (inactive and dissolved effective March 2025) |
100 | % |
Romania |
1 RPI owns a 70% interest in BDA Resource, LLC, a Florida limited liability company.
SPAR Group, Inc.
List of Former Subsidiaries included in the Company's Financial Statements for the Periods Owned by the Company
Formerly Owned Subsidiaries |
State or Country of Incorporation |
|||
National Merchandising Services, LLC2 |
51 | % |
Nevada |
|
SGRP Meridian Proprietary Limited ("Meridian")3 |
51 | % |
South Africa |
|
CMR-Meridian Proprietary Limited4 |
51 | % |
South Africa |
|
Bordax Retail Services (Pty) Ltd 4 | 51 | % | South Africa | |
Bordax Retail Services Gauteng (Pty) Ltd 4 | 51 | % | South Africa | |
SPARFACTS Australia (Pty), Ltd.5 |
51 | % |
Australia |
|
SPAR (Shanghai) Marketing Management Company Ltd.6 |
51 | % |
China |
|
Unilink7A |
51 | % |
China |
|
SPAR DSI Human Resource Company7B |
38.5 | % |
China |
|
SPAR TODOPROMO, SAPI, de CV8 |
51 | % |
Mexico |
|
SPAR NDS Tanitim Ve Danismanlik A.S. 9 |
51 | % |
Turkey |
|
SPAR KROGNOS Marketing Private Limited 10 |
51 | % |
India |
|
Preceptor Marketing Services Private Limited 10 |
51 | % |
India |
|
SGRP Brasil Participações Ltda. ("Brazil Holdings")11A |
100 | % |
Brazil |
|
SPAR Brasil Serviços de Merchandising e Tecnologia S.A. ("SPAR Brazil")11B |
51 | % |
Brazil |
|
SPAR Brasil Serviços Ltda. (f/k/a New Momentum Ltda.)11C |
51 | % |
Brazil |
|
SPAR Brasil Serviços Temporários Ltda. (f/k/a New Momentum Serviços Temporários Ltda.)11C |
51 | % |
Brazil |
|
Plus Trade Do Brasil Prestacao De Servicos Ltda12 | 51 | % | Brazil | |
SPAR Brasil Servicos Ltda 12 | 51 | % | Brazil | |
SGRP Servicos Ltda12 | 51 | % | Brazil | |
SPAR FM Japan, Inc.13 |
100 | % |
Japan |
2 The Company sold its 51% interest in this joint venture effective December 31, 2023.
3 The Company sold its 51% interest in this joint venture effective March 31, 2024
4 Owned by and being sold with Meridian.
6 The Company sold its 51% interest in this joint venture effective December 31, 2023.
7 The Company sold its 51% interest in this joint venture effective April 8, 2024
7A Owned by and being sold with SPAR (Shanghai) Marketing Management Company Ltd.
7B Inactive and being liquidated. It is 75.5% Owned by and being sold with SPAR (Shanghai) Marketing Management Company Ltd.
8 The Company sold its 51% interest in this joint venture effective December 19, 2024
9 The Company assigned its 51% interest in this joint venture effective August 13, 2024
10 The Company sold its 51% interest in this joint venture effective August 31, 2024
11A The Company sold 100% interest in SGRP Brasil Participações Ltda. effective June 2024
11B Brazil Holdings owns 51% of SPAR Brasil Serviços de Merchandising e Tecnologia S.A. ("SPAR Brazil"), and Brazil Holdings will continue to own those interests after the Brazil Holdings Sale.
11C Brazil Holdings effectively owns slightly more than 51% of this subsidiary since SPAR Brazil owns 99% and Brazil Holdings owns 1% of the equity in this subsidiary, and SPAR Brazil and Brazil Holdings will continue to own those equity interests after the Brazil Holdings Sale.
12 The Company believes SPAR Brazil owned and will continue to own those interest after the Brazil Holdings Sale
13 The Company sold its 51% interest in this joint venture effective August 30, 2024.