News by subject: Divestiture

PQ Group Holdings Inc. , a leading integrated and innovative global provider of specialty catalysts and services, announced today that effective August 1, 2021, it has completed the sale of its Performance Chemicals business to a partnership...

Sterling Partners ("Sterling"), a diversified investment management platform with a large private equity focus, announced today the sale of portfolio company Statewide Safety Systems ("Statewide") to Area Wide Protective ("AWP"), a Kohlberg & Company...

Power management company Eaton today announced it has completed the sale of its Hydraulics business to Danfoss A/S, a Danish industrial company. Eaton's Hydraulics business, which had sales of $1.8 billion in 2020, is a global leader in hydraulics...

Lightyear Capital LLC ("Lightyear") today announced that an investment fund affiliated with Lightyear has completed the sale of Datalot Inc. ("Datalot") to Centerfield. Founded in 2009, Datalot is a digital distribution platform for the insurance...

NuStar Energy L.P. announced today that it has entered into an agreement to sell its storage terminals in the Northeast and one terminal in Florida to Sunoco LP for $250 million. There are eight terminal locations included in the sale: Andrews AFB...

Tenet Healthcare Corporation today announced that it has completed the sale of its five hospitals and related operations in the Miami-Dade and Southern Broward counties. The transaction includes Coral Gables Hospital, Florida Medical Center, Hialeah...

First Trust Advisors L.P. ("FTA") announces the declaration of the Monthly distribution for First Trust Enhanced Short Maturity ETF, a series of First Trust Exchange-Traded Fund IV. The following dates apply to today's distribution declaration:...

TechnipFMC plc (PARIS:FTI): This press release is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not...

Communications Systems, Inc. ("CSI" or the "Company"), formerly an IoT intelligent edge products and services company, today announced that at its Special Shareholder Meeting held today, July 28, 2021, CSI shareholders approved the sale of the...

Cornerstone Building Brands, Inc. (the "Company"), the largest manufacturer of exterior building products in North America, announced today that it has entered into a definitive agreement to sell its Roll-up Sheet Door business to Janus...

Audax Private Equity ("Audax") today announced that it has signed a definitive agreement to sell Reedy Industries ("Reedy" or the "Company"), a leading provider of commercial heating, ventilation and air conditioning ("HVAC"), to Partners Group,...

ABB today announced it has signed a definitive agreement to divest its Mechanical Power Transmission division (Dodge) to RBC Bearings Incorporated , for $2.9 billion in cash. The transaction will create a leading manufacturer of highly engineered,...

Sila Realty Trust, Inc. (the "Company") announced today that it has sold a 29-property data center portfolio (the "Portfolio"), to wholly owned subsidiaries of Mapletree Industrial Trust ("MIT"), a real estate investment trust listed on the Singapore...

BrightSphere Investment Group Inc. today announced that it has completed the sale of its 75.1% ownership interest in Thompson, Siegel & Walmsley, LLC ("TSW") to Pendal Group Limited ("Pendal"). Total gross proceeds to BSIG from the transaction were...

Rayonier Inc. has sold the rights to manage two timber funds (Fund III and Fund IV) that were previously managed by its Olympic Resource Management (ORM) subsidiary, as well as its co-investment stake in both funds, to BTG Pactual's Timberland...

Michelson Found Animals Foundation ("Michelson Found Animals"), a Los Angeles-based animal welfare organization, today announced that it has reached a definitive agreement with Pethealth Inc. ("Pethealth"), a leading provider of pet insurance, lost...

Power management company Eaton is pleased to announce that the U.S. District Court for the District of Columbia has approved an order paving the way for the sale of the company's Hydraulics business to Danfoss A/S. The company now has all the...

Align Capital Partners ("ACP") is pleased to announce the sale of its environmental testing and compliance platform Alliance Technical Group ("Alliance" or the "Company") to Morgan Stanley Capital Partners ("MSCP"). Headquartered in Decatur, AL,...

SolarWinds Corporation ("SolarWinds"), a leading provider of simple, powerful, and secure IT management software, and N-able, Inc. ("N-able"), a leading provider of cloud-based software solutions for managed service providers, today announced the...

Sunrise Senior Living ("the Company") announced today that following a comprehensive strategic review, the Company will exit as manager of its United Kingdom ("UK") portfolio. Management of the 46 UK communities operating under the Sunrise and...

H&E Equipment Services, Inc. ("H&E") today announced that it has entered into a definitive agreement to sell its crane business to a wholly-owned subsidiary of The Manitowoc Company, Inc. , a leading global manufacturer of cranes and lifting...

Falcon Private Holdings, LLC ("Falcon"), the private investment arm of Jamshid Keynejad and Barry Siadat, announced today that its affiliates have reached agreement to sell Aristech Surfaces LLC ("Aristech") to Trinseo , a global materials company...

The Rohatyn Group ("TRG"), a global, US-based asset management firm with expertise in emerging markets and real assets, and A&M Capital Europe ("AMCE"), a London-based, operationally-focused European middle-market private equity firm, today announced...

Fortress Investment Group LLC ("Fortress") today announced an agreement to sell Foundation Home Loans, the UK specialist mortgage lender and servicer, to Athene Holding Ltd., an industry-leading financial services company focused on retirement...

Limoneira Company (the "Company" or "Limoneira") , a diversified citrus growing, packing, selling and marketing company with related agribusiness activities and real estate development operations, today announced it has entered into a non-binding...

Power management company Eaton is pleased to announce that it has reached two important milestones in the closing of the sale of its Hydraulics business to Danfoss A/S. First, the U.S. Department of Justice (DOJ) has filed a proposed settlement in...

Wynnchurch Capital, L.P. ("Wynnchurch"), a leading middle market private equity firm, announced that it sold its investment in Carson Air ("Carson" or the "Company") as part of the acquisition of the Company by Exchange Income Corporation ("EIC" or...

Allied Esports Entertainment, Inc. (the "Company"), a global esports entertainment company, today announced the completion of the sale of the entities comprising the World Poker Tour®, to Element Partners, LLC. The transaction was approved at a...

MVB Financial Corp. ("MVB" "MVB Financial") , announced today that its wholly-owned subsidiary, MVB Bank, Inc. ("MVB Bank") has closed the sale of four banking centers in Southern West Virginia to Summit Community Bank, Inc., a subsidiary of Summit...

SolarWinds Corporation , a leading provider of powerful and affordable IT management software, and N-able, Inc. , a leading provider of cloud-based software solutions for managed service providers and a subsidiary of SolarWinds, today announced that...

Crestwood Equity Partners LP ("Crestwood") and Consolidated Edison, Inc. ("Con Edison") today announced the successful divestiture of the subsidiaries of Stagecoach Gas Services LLC ("Stagecoach"), with the exception of Twin Tier Pipeline LLC, to a...

First Atlantic Capital, Ltd. ("First Atlantic"), a New York-based private investment firm specializing in acquiring and growing mid-size companies, and TPG Growth, the middle market and growth equity platform of global alternative asset firm TPG,...

Francisco Partners, a global investment firm that specializes in partnering with technology businesses, announced today that it has sold its minority stake in Availity, one of the nation's largest, real-time health information networks connecting...

McKesson Corporation today announced that it has entered into an agreement to sell its European businesses in France, Italy, Ireland, Portugal, Belgium, and Slovenia to the PHOENIX group. This transaction also includes McKesson's German-based AG...

Mr. Cooper Group Inc. ("Mr. Cooper") announced today that it has completed the sale of Title365 to Blend Labs, Inc. on June 30, 2021, for $500 million, consisting of $450 million in cash and a retained interest of 9.9 percent. Consistent with...

L3Harris Technologies has completed the sales of its Military Training business to CAE and its Combat Propulsion Systems and related businesses to RENK AG for a combined $1.45 billion. Proceeds from the divestitures are expected to be used for share...

Boasso Global, Inc. (formerly Quality Distribution, Inc.), a privately held global ISO tank container services and logistics provider, today announced that it had completed its rebranding from Quality Distribution, Inc. and closed on the previously...

Thompson Street Capital Partners ("TSCP"), a private equity firm based in St. Louis, announced today it has completed the sale of Vetio Animal Health ("Vetio"), a leading Animal Health Contract Development Manufacturing Organization ("CDMO") in North...

July 1, 2021-- ITT Inc. today announced that it has divested InTelCo Management LLC ("InTelCo"), a wholly owned subsidiary that holds long-term liabilities including asbestos liabilities and related insurance assets, to Delticus HoldCo, L.P....

Quad/Graphics, Inc. ("Quad" or the "Company") today announced that it has sold its QuadExpress third-party logistics (3PL) business for $40 million to Mullen Group Ltd. ("Mullen Group"), one of Canada's largest logistics providers. QuadExpress...

Hasbro, Inc. announced today that it has completed the sale of the Entertainment One Music business ("eOne Music") for an aggregate purchase price of $385 million in cash to entities controlled by Blackstone, which also own SESAC, a leading music...

Shamrock Capital, a Los Angeles-based private equity firm, today announced that it is selling its ownership stake in Mobilitie, the largest privately-held wireless infrastructure firm in the nation, to global communications infrastructure provider,...

Lightyear Capital LLC ("Lightyear") today announced that an investment fund affiliated with Lightyear has signed a definitive agreement to sell Datalot Inc. ("Datalot") to Centerfield, a technology-driven marketing and customer acquisition company....

Institutional Property Advisors (IPA), a division of Marcus & Millichap , announced the sale of Camp Hill Shopping Center, a 430,198-square-foot shopping center located at 3301 Trindle Road in Camp Hill, Pennsylvania. The sales price is approximately...

Allied Esports Entertainment, Inc. (the "Company" or "AESE"), a global esports entertainment company, today announced that its virtual Special Meeting of Stockholders, scheduled for June 28, 2021, was convened and adjourned without any business...

Communications Systems, Inc. ("CSI" or the "Company") announced today that it has entered into an agreement with a group of institutional investors (the "PIPE Investors") to make a $25.0 million private placement investment in CSI in connection with...

Urstadt Biddle Properties Inc. (the "Company") , a real estate investment trust, announced today that it has completed the sale of its Newington Park Shopping Center located in Newington, NH ("Newington Park"). The purchaser is a subsidiary of...

Alcoa Corporation announced today that it has completed a sale of land in the state of Maryland for $100 million in cash. The 2,100-acre property covers more than three square miles in Frederick County, Maryland and once served as the site of the...

Institutional Property Advisors (IPA), a division of Marcus & Millichap , announced the sale of Domain Founders Parc, a 285-unit apartment property located within Founders Parc, the newest mixed-use development in Euless, Texas. "Founders Parc is a...

Institutional Property Advisors (IPA), a division of Marcus & Millichap , announced today the sale of Level at Sixteenth, a 240-unit, mid-rise apartment community in the urban core of Phoenix, Arizona. The property traded at $69.1 million, or...