SPAR Group appointed James Gillis as Executive Chairman, effective immediately. Gillis brings over 40 years of experience in retail and distribution, having previously led Source Interlink Companies and served on multiple corporate boards.
The appointment follows the earlier promotion of William Linnane to President, who will report to Gillis. Linnane, who has held senior roles at Sears, Eason Retail, and Tesco, also acquired a stake in the company as part of his new role.
SPAR Group amended its credit facilities with North Mill Capital, LLC, d/b/a SLR Business Credit. The U.S. revolving credit line was increased to $30 million and the Canadian line to $6 million. The interest rate is the prime rate plus 1.25%, with a minimum of 6.75% per annum. The amendment agreement was effective October 9, 2025, filed on Form 8‑K on October 16, 2025, and extends the maturity to October 10, 2027.
The company also confirmed that its corporate headquarters will relocate to Charlotte, North Carolina, with operations beginning November 1, 2025, positioning the firm closer to major clients and talent pools.
SPAR Group’s Q2 2025 results showed U.S. and Canada revenues up 5% year‑over‑year and a gross margin of 23.5%. The company’s current ratio of 1.36 indicates sufficient liquidity to support the expanded credit capacity and ongoing growth initiatives.
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