Full-Time
$33/hr
Houston, TX, USA
In Person
Company Size
1,001-5,000
Company Stage
N/A
Total Funding
N/A
Headquarters
Indianapolis, Indiana
Founded
1998
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Health Insurance
Paid Vacation
Flexible Work Hours
Remote Work Options
401(k) Retirement Plan
Conference Attendance Budget
Professional Development Budget
Wellness Program
Mental Health Support
Stellar, an Indianapolis, Indiana-based AI-native services company specializing in scalable, enterprise-grade artificial intelligence (AI) solutions, received a major strategic investment from BCforward
Vienna Parent Corporation, formed by Justin Christian, CEO of BCforward, has entered a definitive agreement to acquire TSR, Inc. for $13.40 per share, totaling approximately $29 million. This represents a 73.8% premium to TSR’s closing price on May 14, 2024. BCforward, a major black-owned professional services firm, aims to enhance capabilities and expand business through this acquisition. TSR’s leadership supports the move, highlighting cultural fit and growth potential.
Vienna Parent Corporation, formed by Justin Christian, has entered a definitive agreement to acquire TSR, Inc. for $13.40 per share, valuing TSR at approximately $29 million. This represents a 73.8% premium to TSR’s closing price on May 14, 2024. Vienna Parent and its subsidiary, Vienna Sub, are affiliates of BCforward. The acquisition aims to enhance service offerings and expand business capabilities for both companies.
TSR, Inc. will be acquired by Vienna Parent, formed by BCforward founder Justin Christian. Vienna Sub will purchase all outstanding TSR shares for $13.40 per share, valuing the transaction at approximately $29 million. This represents a 73.8% premium over TSR's closing price on May 14, 2024. The deal is expected to close in Q3 2024, subject to customary conditions. Vienna Parent has secured up to $24 million in credit from First Merchants Bank to finance the acquisition.