News by subject: Divestiture

Spectrum Brands Holdings, Inc. , a leading global branded consumer products and home essentials company focused on driving innovation and providing exceptional customer service, today announced that it has received clearance from the Mexican...

JetBlue Airways Corporation and Frontier Group Holdings, Inc. today announced that the airlines have entered into a definitive agreement under which JetBlue will divest all of the holdings of Spirit Airlines, Inc. at New York's LaGuardia Airport...

Lightning Step, a Gallant Capital Partners-backed provider of enterprise behavioral healthcare software solutions, is pleased to announce the sale of its wholly-owned revenue cycle management ("RCM") services subsidiary, AVA Billing & Consulting...

Lookout, Inc., the endpoint-to-cloud security company, today announced it has closed the previously announced sale of its consumer mobile security business to F-Secure, a global provider of consumer security products and services. With this strategic...

CVD Equipment Corporation , a leading provider of chemical vapor deposition and thermal process equipment, today announced the sale of its subsidiary, Tantaline CVD ApS (Tantaline) located in Denmark. The sales price consists principally of an...

Campbell Soup Company today announced the sale of the Emerald nuts business to Flagstone Foods, one of the largest manufacturers and distributors of private label healthy snacks in North America. Terms of the transaction were not disclosed....

JBT Corporation today announced that it has entered into a definitive agreement to sell its AeroTech business to Oshkosh Corporation in an all-cash transaction valued at $800 million, subject to customary post-closing items. "As we signaled...

Qurate Retail, Inc. ("Qurate Retail") today announced that Regent ("Regent"), a Los Angeles-based investment firm with proven expertise in the retail and apparel sectors, has acquired Zulily, the online retailer delivering a fun shopping experience...

Black Bay Energy Capital ("Black Bay"), a private equity firm focused on the North American energy and chemical sectors, has announced the sale of NexGen Chemical Technologies ("NexGen") to Foremark Performance Chemicals ("Foremark"), a portfolio...

Anza, an innovative technology-enabled procurement marketplace that connects solar and energy storage equipment suppliers with buyers to simplify, accelerate, and optimize the renewable development procurement process, today announced that it has...

Genius Group Limited ("Genius Group" or the "Company"), a leading entrepreneur edtech and education group, held an Extraordinary General Meeting today, May 16, 2023, at 8:00 a.m. ET (8:00 p.m. Singapore Time). At the meeting, shareholders voted...

Blue Apron today announced plans for a long-term operations and logistics relationship with FreshRealm, a leading provider of fresh meals to top retailers nationwide, that would see the business shift to an asset-light model. The companies have...

Nitya Capital, an international real estate investment firm headquartered in Houston, today announced the sale of four multifamily properties across the Dallas, Austin and San Antonio regions. These most recent deals total 73 property exits for Nitya...

Trivest Partners LP ("Trivest"), a leading private equity firm focused on investing in founder and family-owned businesses, today announced that Trivest Fund V, along with PeopleShare co-founders Dave Donald and Ryan Clark and its employee...

Baxter International Inc. , a leading global medtech company, today announced that it has signed a definitive agreement to divest its BioPharma Solutions ("BPS") business to Advent International ("Advent"), one of the largest and most experienced...

Summit Park is pleased to announce the sale of its portfolio company, Parkline, Inc. (the "Company"), to Trachte, LLC, a portfolio company of Palladium Equity Partners. Headquartered in Eleanor, West Virginia, Parkline is a leading manufacturer of...

Science Applications International Corp. announced today that it has completed the sale of its Logistics and Supply Chain Management Business to ASRC Federal for $350 million. The divestiture is consistent with SAIC's broader strategy to focus on...

Spectrum Brands Holdings, Inc. , a leading global branded consumer products and home essentials company focused on driving innovation and providing exceptional customer service, today announced that it has agreed to a stipulation with the U.S....

Shoreline Equity Partners ("Shoreline"), a purpose-driven, lower middle market private equity firm based in Jacksonville, Florida, has completed the sale of its portfolio company, Florida Veg Investments, LLC ("Mr. Greens" or the "Company"), to...

Robert B. Nolen, Jr., President and Chief Executive Officer of Pinnacle Bancshares, Inc. , today announced the Company's results of operations for the first quarter ended March 31, 2023: For the three months ended March 31, 2023, net income was...

Maximus , a leading provider of government services worldwide, reported financial results for the three and six months ended March 31, 2023. Highlights for the second quarter of fiscal year 2023 include: Revenue increased 2.5% to $1.21 billion,...

American Financial Group, Inc. and American International Group today announced they have entered into a definitive agreement whereby AFG will purchase Crop Risk Services ("CRS") from AIG. CRS is a primary crop insurance general agent based in...

Uber Technologies, Inc. today announced financial results for the quarter ended March 31, 2023. Financial Highlights for First Quarter 2023 Gross Bookings grew 19% year-over-year ("YoY") to $31.4 billion, or 22% on a constant currency basis,...

VSE Corporation , a leading provider of aftermarket distribution and maintenance, repair and overhaul ("MRO") services for air, land and sea transportation assets for commercial and government markets, announced today that the Company has entered...

Steward Health Care, the country's largest physician-led, minority-owned, integrated health care system, today announced that it had completed the sale of its Utah health care sites to CommonSpirit Health, through its wholly owned subsidiary,...

Endeavor Group Holdings, Inc. , a global sports and entertainment company, today announced it has entered into a definitive agreement to sell its subsidiary IMG Academy, a leading global sports education institution, to BPEA EQT, part of the leading...

Franklin BSP Realty Trust, Inc. ("FBRT" or the "Company") today announced the successful completion of the sale of the Williamsburg Hotel, the Company's Brooklyn hotel asset, by a trustee appointed by the United States Bankruptcy Court for the...

Vontier Corporation , a leading global provider of critical technologies and solutions to connect, manage and scale the mobility ecosystem, today announced the sale of its Global Traffic Technologies, LLC (GTT) business to Miovision for $107 million,...

Odyssey Logistics & Technology Corporation ("Odyssey" or the "Company"), a leader in multimodal logistics solutions, announced that the Company has sold its bulk tank truck transport subsidiary, Linden Bulk Transportation LLC ("Linden"), to Boasso...

L3Harris Technologies has completed the sale of its Visual Information Solutions (VIS) business to NV5 Global Inc. . The VIS business is a global provider of commercial geospatial software, technology and services used to extract and analyze...

Shore Capital Partners ("Shore" or "Shore Capital"), a Chicago-based private equity firm focused on microcap investing, is pleased to announce the sale of Innovia Medical ("Innovia"), a specialty single-use surgical essentials and instrument...

Startek, Inc. ("Startek" or the "Company"), a global customer experience (CX) solutions provider, has completed the divestiture of its interest in Contact Center Company (CCC) to Arabian Internet and Communications Services Company (Solutions)....

Rocky Brands, Inc. announced today that it has sold its Servus brand to PQ Footwear, LLC, a subsidiary of Industrias PetroQuim, SA, which has been globally providing high quality footwear and components for over 67 years. The transaction closed on...

Cerberus Capital Management, L.P. ("Cerberus"), a global leader in alternative investing, today announced that one of its affiliates has completed the previously announced sale of Worldwide Flight Services ("WFS" or the "Company") to SATS for an...

Investment funds managed by Morgan Stanley Capital Partners ("MSCP"), the middle-market focused private equity team at Morgan Stanley Investment Management, have entered into an agreement to sell Ovation Fertility ("Ovation") to US Fertility ("USF")....

Community Health Systems, Inc. announced today that affiliates of the Company have completed the divestiture of 25-bed Plateau Medical Center in Oak Hill, West Virginia, along with its respective assets, physician clinic operations and outpatient...

Battery Ventures, a global, technology-focused investment firm, announced the sale of its portfolio company Newforma to Ethos Capital, a Boston-based private equity firm. Terms of the transaction were not disclosed. Newforma, based in Boston, is a...

NGL Energy Partners LP ("NGL," "our," "we," or the "Partnership") is announcing the completion of the Marine asset sale, redemption of the all 7.5% unsecured senior notes due in November 2023 ("2023 Notes") together with updates on debt, and...

Headline of release dated March 29, 2023 should read: Hillsdale College Statement on Separation From Tallahassee Classical School The updated release reads: HILLSDALE COLLEGE STATEMENT ON SEPARATION FROM TALLAHASSEE CLASSICAL SCHOOL Hillsdale...

ZT Corporate, a private equity firm that specializes in healthcare and automotive investments, today announced that it has completed a liquidity event for its investors through a strategic management buyout. The liquidity event generated multiple on...

Medical Properties Trust, Inc. (the "Company" or "MPT") today announced that it has entered into a definitive agreement to sell its Australian real estate investments operated by Healthscope to affiliates of HMC Capital ("HMC"), an Australian...

Crane Holdings, Co. ("Crane," NYSE: CR), a diversified manufacturer of highly engineered industrial products, today announced the members of its board of directors and executive officers for Crane NXT, which is scheduled to become an independent,...

Science Applications International Corp. announced today that it has signed a definitive agreement to sell its logistics and supply chain management business to ASRC Federal Holding Company, LLC ("ASRC Federal"), a subsidiary of Arctic Slope...

A wholly-owned subsidiary of USD Partners LP (the "Partnership") announced today that it has entered into a Membership Interest Purchase Agreement (the "Purchase Agreement") with South 49 Holdings Ltd., a member of the Midstream Energy Partners...

H.I.G. Capital ("H.I.G."), a leading global alternative investment firm with $55 billion of assets under management, announced today that one of its affiliates has successfully completed the sale of Elekeiroz ("Elekeiroz" or the "Company"), a leader...

Bentley Systems, Incorporated , the infrastructure engineering software company, today announced it has entered into a non-exclusive commercial agreement to strategically accelerate the adoption of Infrastructure IoT, further unlocking value for...

Pebblebrook Hotel Trust (the "Company") today announced that it closed on the sale of 909 North Michigan Avenue, a 5,860 square-foot 3-tenant fully occupied high-street retail parcel, adjacent to the Company's Westin Michigan Avenue Chicago for...

Summit Park is pleased to announce the sale of its portfolio company, Tennessee Industrial Electronics ("TIE" or the "Company"), to Diploma, PLC. Headquartered in LaVergne, Tennessee, TIE is a leading provider of refurbished parts and repair...

Ancor Capital Partners, an operations focused Dallas-area private investment firm, reports an impressive 2022 performance. Ancor completed five transactions and made several significant personnel moves to position the firm for an even more successful...

Fluor Corporation announced today that the company sold its AMECO South America business, which includes assets in Chile and Peru, to STRACON Group, a diversified strategic partner to the mining sector in the Americas. This transaction marks the...