News by subject: Divestiture

Bonaventure, an integrated alternative asset manager focused on the development, construction, and property management of innovative lifestyle multifamily communities in the Mid-Atlantic and Southeastern regions, today announced the sale of a...

Institutional Property Advisors (IPA), a division of Marcus & Millichap , announced the sale of Foothill Ridge, a 232-unit apartment asset in Upland, California. The $82 million sales price equates to $353,448 per unit. "Foothill Ridge benefited...

The ODP Corporation ("ODP" or the "Company"), a leading provider of business services, products and digital workplace technology solutions through an integrated B2B distribution platform, today announced that its Board of Directors completed its...

Monro, Inc. ("Monro"), one of the largest independent auto service and tire dealers in the United States, has completed the previously-announced sale of its wholesale tire and distribution assets to American Tire Distributors ("ATD"). Monro's...

Polaris Inc. , the global leader in powersports, announced today it has entered into a definitive agreement to sell its Transamerican Auto Parts (TAP) business to Wheel Pros, a designer, manufacturer and distributor of proprietary branded aftermarket...

Stimwave Technologies Incorporated and its subsidiary, Stimwave LLC (collectively, "Stimwave" or the "Company"), a leading provider of neurostimulation devices offering chronic pain relief, announced today that it has reached an agreement to sell...

Riverbend Energy Group ("Riverbend"), on behalf of certain of its affiliates, announced today the execution of a definitive agreement with a private buyer for the sale of all of the equity interests in Riverbend Oil & Gas VI, LLC, Riverbend Oil & Gas...

PPG today announced that it has completed the divestiture of Eberle Design, Inc. (EDI) to Vance Street Capital. Terms of the transaction were not disclosed. EDI is a leading manufacturer of electronic control system components used for managing...

Unit Corporation (Company) announced today that it has ended its engagement with Tudor, Pickering, Holt & Co. (TPH) as advisor for the previously announced process to sell up to all of its oil and gas properties and reserves. The decision to...

BBX Capital Real Estate, a wholly-owned subsidiary of BBX Capital, Inc. (PINK: BBXIB), today announced that its Altis Little Havana joint venture had completed the previously announced sale of Altis Little Havana, a 224-unit multifamily apartment...

International Seaways, Inc. (the "Company" or "INSW"), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, today announced that it has completed a transaction in which the...

JBG SMITH , a leading owner and developer of high-quality, mixed-use properties in the Washington, DC market, today announced the sale of two assets for $344 million, as well as an increase of the Company's common share repurchase authorization by...

Terminix Global Holdings, Inc. , a leading provider of essential termite and pest management services to residential and commercial customers, today announced it has completed the divestment of its pest management businesses in the U.K. and Norway...

Sheridan Capital Partners ("Sheridan") is pleased to announce the sale of Dermatologists of Central States ("DOCS" or the "the Company") to SkyKnight Capital ("SkyKnight"). Headquartered in Cincinnati and with a presence in seven states, DOCS is...

OpenGate Capital, a global private equity firm, announced that it has exited its investment in EverZinc, a global provider of specialty zinc materials, through a sale to U.S. Zinc, a portfolio company of Aterian Investment Partners. Terms of the...

Stratus Properties Inc. ("Stratus" or the "Company") announced that yesterday it completed the previously announced sale of Block 21 to Ryman Hospitality Properties, Inc. ("Ryman") and its affiliates (collectively, the "Purchaser") for a purchase...

Crane Holdings, Co. , a diversified manufacturer of highly engineered industrial products, reported today that the previously announced divestiture of Crane Supply was completed on May 31, 2022. About Crane Holdings, Co. Crane Holdings, Co. is a...

Crestwood Equity Partners LP ("Crestwood") today announced it has entered into a series of agreements under which the company will i) acquire Sendero Midstream Partners, LP ("Sendero Midstream") for $600 million in cash, ii) acquire First Reserve's...

General Mills, Inc. today announced that it has entered into a definitive agreement to sell its Helper main meals and Suddenly Salad side dishes businesses to Eagle Family Foods Group, a portfolio company of Kelso & Company, in a cash transaction...

Starbucks and Bolthouse Farms today announced entry into a definitive agreement for Bolthouse Farms to acquire the brand and business of Evolution Fresh. The partners (employees) that support the business will also transition to Bolthouse Farms upon...

Nitya Capital, a leading national privately-owned real estate investment firm headquartered in Houston, today announced a portfolio sale of five Houston multifamily assets, consisting of more than 1500 units. Purchased by a California based real...

Arconic Corporation ("Arconic" or the "Company") announced today that the Company will be pursuing the sale of its Russian operations. The Company undertook a thoughtful review of strategic alternatives given the limitations imposed on our...

Monro, Inc. , a leading provider of automotive undercar repair and tire services, today announced financial results for its fourth quarter and fiscal year ended March 26, 2022. Fourth Quarter Results Sales for the fourth quarter of the fiscal year...

Vision Ridge Partners, LLC ("Vision Ridge"), a preeminent investor in sustainable real assets, today announced the sale of a portfolio of mitigation banking assets in southeast Texas. Over the past 5 years, Vision Ridge partnered with The Earth...

Halstatt Real Estate Partners, a real estate private equity firm, today announced the sale of The Legacy at Baton Rouge (The Legacy), a purpose-built student housing complex located near Louisiana State University (LSU). The community features 299...

Intercontinental Exchange, Inc. , a leading global provider of data, technology, and market infrastructure, today announced an update on the divestment of its 9.85% stake in Euroclear, the Brussels-based provider of post-trade security settlement,...

Summit Materials, Inc. ("Summit," "Summit Materials," "Summit, Inc." or the "Company"), a leading vertically integrated construction materials company, today announced the divestiture of Kentucky-based Hinkle Contracting Company, LLC ("Hinkle") to...

Bank of Idaho Holding Co. ("BOID"), the holding company for Bank of Idaho, together with HomeStreet, Inc. ("HomeStreet"), the parent company of HomeStreet Bank, today announced that HomeStreet Bank and Bank of Idaho have executed a definitive...

FSD Pharma Inc. (FRE: 0K9A) ("FSD Pharma" or the "Company"), a life sciences holding company dedicated to building a portfolio of assets and biotech solutions, is pleased to announce today the closing of the sale of the Company's former cannabis...

Terminix Global Holdings, Inc. , a leading provider of essential termite and pest management services to residential and commercial customers, today announced it has entered into a definitive agreement to divest its pest management businesses in the...

Today, Delaware Investments National Municipal Income Fund (the "National Muni Fund") a New York Stock Exchange?listed closed-end fund trading under the symbol "VFL," declared a monthly distribution of $0.0450 per share. The monthly distribution is...

Ligand Pharmaceuticals Incorporated today reported financial results for the three months ended March 31, 2022 and provided an operating forecast and program updates. Ligand management will host a conference call today beginning at 4:30 p.m. Eastern...

Semtech Corporation , a leading global supplier of high performance analog and mixed-signal semiconductors and advanced algorithms, announced today it has completed the divestiture of its high reliability discrete diodes and assemblies business to...

Align Capital Partners ("ACP") is pleased to announce the sale of Protegis Fire & Safety ("Protegis" or the "Company") to Summit Fire & Security ("SFS"), a subsidiary of SFP Holding, Inc., which is owned by BlackRock Long Term Private Capital....

Allscripts Healthcare Solutions, Inc. today announced that it has completed the sale of the net assets of the Allscripts Hospital and Large Physician Practices business segment to Constellation Software Inc. , through its wholly-owned subsidiary N....

Swander Pace Capital ("SPC"), a leading private equity firm specializing in consumer product companies, announced the sale of T-Bev, Inc. ("T-Bev"), a manufacturer and distributor of tea extracts, instant tea, natural and organic caffeine and other...

SQUARE ENIX HOLDINGS CO., LTD. (the "Company") today signed a share transfer agreement with Sweden-based Embracer Group AB concerning the divestiture of select overseas studios and IP (the "Transaction"). The Company's primary assets to be divested...

NuStar Energy L.P. announced today that it has closed on the sale of its terminal in Nova Scotia, Canada to EverWind Fuels for $60 million. The 7.8 million-barrel storage terminal is located at Point Tupper on the Strait of Canso, near Port...

Fortune Brands Home & Security, Inc. , an industry-leading home and security products company, today announced that it intends to separate into two publicly traded companies and also reported first quarter 2022 results. Summary of Intent to Separate...

One Equity Partners ("OEP"), a middle market private equity firm, today announced that it has entered into a definitive agreement to sell Rizing LLC ("Rizing" or the "Company"), a leading SAP-focused provider of IT systems integration and...

Blue Point Capital Partners is pleased to announce the exit of Kendall Vegetation Services, a BPCP IV portfolio company, through the sale of the business to Sterling Investment Partners. For over 60 years, Kendall has provided vegetation management...

Steel Partners Holdings L.P. , a diversified global holding company, today announced that it has closed on its previously announced transaction for the sale of its subsidiary, SL Power Electronics Corporation, to Advanced Energy Industries, Inc. . SL...

Citrix Systems, Inc. ("Citrix") today announced that its stockholders voted to approve Citrix's pending acquisition by affiliates of Vista Equity Partners and Evergreen Coast Capital Corporation, an affiliate of Elliott Investment Management L.P.,...

Humana Inc. today announced that it has signed a definitive agreement with private investment firm Clayton, Dubilier & Rice ("CD&R") to divest a majority interest in the Hospice and Personal Care divisions of Humana's Kindred at Home subsidiary...

Compass Minerals , a leading global provider of essential minerals, today announced it has completed the sale of the company's South America chemicals business to a subsidiary of Cape Acquisitions LLC. The sale includes all remaining Compass Minerals...

Lincolnshire Management, Inc. ("Lincolnshire"), a private equity firm focused on investing in and acquiring growing middle market companies, today announced that it has sold Schumacher Electric Corporation ("Schumacher" or "the Company") to private...

Stone-Goff Partners announced today it has sold its investment in DSG Consulting LLC to Corporate Visions, Inc., a portfolio company of The Riverside Company. DSG is a technology-enabled growth consultancy that helps B2B companies accelerate revenue...

Griffon Corporation ("Griffon" or the "Company") has entered into a definitive agreement to sell Telephonics Corporation ("Telephonics") to TTM Technologies, Inc. ("TTM") for $330 million in cash. The transaction is expected to close within the...

Sierra Wireless (the "Company"), a world leading IoT solutions provider, today announced it has signed and closed a definitive agreement to divest its Omnilink offender monitoring business for US$37.6 million in cash. The purchaser of the business...

TherapeuticsMD, Inc. , ("TXMD" or the "Company") an innovative, leading women's healthcare company, announced today the closing of the divestiture of vitaCare Prescription Services to GoodRx , in a cash transaction valued at $150 million, subject to...