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Aspire-Lakewood Holdings Board Approves $10 Million Share Repurchase Program
Wednesday, 09 September 2026 08:30 AM
Topic:
Company Update
Brings total authorized repurchase to $10 million
Reflects leadership's view that Aspire-Lakewood's share price does not reflect the Company's financial strength or long-term growth opportunity
Increased authorization supported by strength of newly acquired Dura Control Systems Corp's (DCSC) full year 2025 and six months ended June 30, 2026 revenue of approximately $209.5 million and Adjusted EBITDA
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of $22.3 million and approximately $103.9 million and Adjusted EBITDA
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of $10.5 million, respectively
ESTERO, FL /
ACCESS Newswire
/ September 9, 2026 /
Aspire-Lakewood Holdings, Inc. (NASDAQ:ASBP) ("Aspire" or the "Company"), today announced the Board authorized a $10 million common stock repurchase program (the "Stock Repurchase Program"). This expanded share repurchase program is effective September 9, 2026. The expanded authorization reflects the Company's continued confidence in its long-term strategy as a holding company and strong free cash flow generation. Additionally, with common shares outstanding of approximately 1.5 million as of September 8, 2026, and adjusted EBITDA
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of approximately $22.3 million for 2025, or approximately $15.00 per share, the Board believes this is an opportunistic time to authorize an increase in the share repurchase program.
"Our strengthened liquidity profile and robust cash generation options give us significant financial flexibility to plan with conviction on behalf of our shareholders," said Kraig Higginson, CEO of Aspire-Lakewood Holdings, Inc. "Aspire's acquisition of DCSC marks a significant achievement and a powerful catalyst for shareholder value. DCSC provides immediate, scaled revenue and strong, Adjusted EBITDA into our financial profile, and we do not believe our current share price reflects that position or the strength of our business fundamentals. We are preparing and acting decisively in an effort to accelerate returns to our shareholders while continuing to invest in our business. Our disciplined capital allocation remains core to how we create long-term shareholder value."
DCSC, a premier tier-one global automotive supplier with a 100+ year legacy, specializing in high-margin electronic and mechanical control systems, enters the Aspire portfolio with a history of significant revenue and robust cash flow. For the audited twelve months ended December 31, 2025, DCSC generated revenue of approximately $209.5 million and Adjusted EBITDA
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of $22.3 million. Operational and financial momentum has continued into the current fiscal year; for the unaudited six months ended June 30, 2026, DCSC delivered revenue of approximately $103.9 million and Adjusted EBITDA
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of $10.5 million.
Repurchases under the Share Repurchase Program may be made in open market or in privately negotiated transactions. These repurchases may be exercised from time to time and in such amounts as market conditions warrant, and subject to regulatory considerations. The timing and value of shares repurchased will depend on a variety of factors including the Company's performance, price, corporate and regulatory requirements, market conditions, capital and liquidity requirements and other Management priorities. The Share Repurchase Program does not require the Company to repurchase any specific number of shares, does not have an expiration date and may be suspended or terminated at any time without prior notice.
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Non-GAAP Financial Measure Notice: DCSC defines Adjusted EBITDA as earnings before interest expense, income tax, depreciation, and amortization, inclusive of specifically identified adjustments. The Company believes Adjusted EBITDA provides useful supplemental information to investors regarding DCSC's operational and financial performance. Adjusted EBITDA as presented herein may not be comparable to similarly titled measures reported by other companies.
About Aspire-Lakewood Holdings, Inc.
Aspire-Lakewood Holdings, Inc.'s subsidiary, Dura Control Systems Corp. (DCSC), is a leading designer and manufacturer of highly engineered automotive and industrial control systems that combine mechanical engineering, electronics and computer science to provide intelligent, automated systems for vehicle electrification, safety, lightweighting, and sustainability. DCSC maintains a strong powertrain agnostic product portfolio that includes mechatronic actuators, human machine interfaces, industrial cables, and cable control systems backed by over 310 patents. The Company operates 11 manufacturing facilities globally and serves as a tier one automotive supplier to major OEMs and other industrial firms.
Aspire-Lakewood Holdings is also developing a patent-pending delivery technology that can be applied to many different active pharmaceutical ingredients (APIs) and other bioactive substances, spanning both small and large molecule therapeutics, nut