News by subject: Divestiture

GeoPark Limited ("GeoPark" or the "Company") , a leading independent Latin American oil and gas explorer, operator and consolidator, today announces its operational update for the three-month period ended December 31, 2023 ("4Q2023"). Oil and Gas...

Moda Midstream ("Moda") announced today that the company and its financial sponsor EnCap Flatrock Midstream completed the previously announced sale of Moda's 50 percent interest in the Vopak Moda Houston terminal joint venture to Madrid-based Exolum,...

Swander Pace Capital ("SPC"), a leading private equity firm specializing in consumer product companies, announced the sale of Patriot Pickle, a manufacturer and distributor of high-quality refrigerated pickles across the United States to restaurant...

Monomoy Capital Partners, a private investment firm focused on private equity and credit investing in the middle market, is pleased to announce it has entered into a definitive agreement to sell Sportech, a leading designer, manufacturer and...

Golden Entertainment, Inc. ("Golden Entertainment" or the "Company") announced today that it completed the previously disclosed sale of its distributed gaming operations in Nevada ("Nevada Distributed Gaming Operations") to an affiliate of J&J...

Sunlight Financial Holdings Inc. ("Sunlight"), a leading point-of-sale finance company advancing the clean energy transition with technology-driven solutions, today announced a significant transaction in partnership with Cross River Bank ("Cross...

SPAR Group, Inc. ("SPAR", "SPAR Group" or the "Company"), a leading global provider of merchandising, marketing and distribution services, reports the sale of its ownership interest in SPARFacts, Australia and the National Merchandising Services...

CommScope , a global leader in network connectivity, announced today the closing of the transaction to sell its Home Networks Business to Vantiva (Euronext Paris: VANTI.) The Company previously announced the signing of a definitive agreement for...

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 Coats business to Victor Capital Partners for $72.5 million, in an all-cash...

Eversource Energy provided the following updates regarding its process to divest its 50 percent ownership interest in three offshore wind projects: South Fork Wind, Revolution Wind and Sunrise Wind. Eversource currently holds its share of these...

Trillora Packaging Solutions proudly announces a new name and brand redesign following their recent acquisition by Mimir Group. An emerging leader in the packaging industry, Trillora delivers sharper strategies and service-first solutions for...

Urban Edge Properties (the "Company") today announced it achieved record leasing activity for the fourth quarter of 2023, executing 22 new leases comprising 234,000 square feet, including the backfill of a 94,000 square foot former Bed Bath and...

Park-Ohio Holdings Corp. (the "Company") today announced that it has successfully completed the divestiture of its Aluminum Products business (the "divested business") to Angstrom Automotive Group (the "Buyer"), effective December 29, 2023, for...

Independence Realty Trust, Inc. ("IRT") announced today the sale of four properties in four markets, as part of the Company's Portfolio Optimization and Deleveraging Strategy. The total gross sales price of the four properties was $200.7 million,...

The Stephens Group, LLC ("The Stephens Group") today announced that it has entered into a definitive agreement to sell Summit Industrial Construction, LLC ("Summit") headquartered in Houston, Texas, to Comfort Systems USA, Inc. ("Comfort Systems")....

Officials of Satori Collective, a real estate investment management firm focused primarily on hotel property investment, today announced the sale of the 124-suite Holiday Inn Express & Suites Alpharetta-Windward Parkway to Bukhari Group Hospitality....

NiSource Inc. ("NiSource") today announced that it has completed the issuance of a 19.9% indirect equity interest in the company's Northern Indiana Public Service Company LLC ("NIPSCO") subsidiary to an affiliate of Blackstone Infrastructure...

Bright Health Group, Inc. ("Bright Health" or the "Company") , the technology enabled, value-driven healthcare company, today announced that it entered into an amendment to its credit facility with J.P. Morgan that will reduce the final repayment...

Jabil Inc. announced today the closing of the transaction to divest its Mobility business to BYD Electronic (International) Company Limited ("BYDE") in a cash transaction valued at $2.2 billion. The company previously announced the signing of a...

Ascent Industries Co. ("Ascent" or the "Company"), an industrials company focused on the production and distribution of industrial tubular products and specialty chemicals, has announced the sale of the business of Specialty Pipe & Tube ("SPT") for...

Salem Media Group, Inc. announced today that it has reached an agreement with Skyhorse Publishing to sell Regnery Publishing. The company expects to close the transaction by the end of the year. David Evans, Chief Operating Officer of Salem Media,...

A wholly-owned subsidiary of USD Partners LP (the "Partnership") announced today that on December 20, 2023, it completed the sale of the West Colton rail terminal to a private buyer for all cash consideration. The Partnership used the net proceeds...

StratCap, LLC ("StratCap") and its affiliate, StratCap Wireless, LLC ("StratCap Wireless"), announced today the closing of the sale of substantially all of the assets of Strategic Wireless Infrastructure Fund, LLC, ("SWIF I" or the "Fund"), a real...

Eastern Metal Supply ("EMS"), one of the largest value-added distributors of aluminum products in the U.S. and a Wynnchurch Capital, L.P. ("Wynnchurch") portfolio company, today announced the sale of its Eastern Architectural Systems division ("EAS")...

MedMen Enterprises Inc. ("MedMen" or the "Company") , a premier cannabis company with operations across the United States, today announced that it has entered into definitive agreements to sell its non-core business operations in Arizona and certain...

Zurn Elkay Water Solutions Corporation ("Zurn Elkay") announced that it divested four wholly-owned subsidiaries that hold asbestos liabilities and related assets and certain other assets and liabilities, to Zilco Holdings, Inc. ("Zilco Holdings")....

Sila Realty Trust, Inc. (the "Company") announced today the disposition of Webster Healthcare Facility II (the "UTMB Health Clear Lake Hospital") to the Board of Regents of the University of Texas System for a sales price of approximately $258.4...

Arcosa, Inc. ("Arcosa" or the "Company"), a provider of infrastructure-related products and solutions, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.05 per share on its $0.01 par value common stock....

Comvest Partners ("Comvest"), a middle-market private investment firm, today announced the completion of its previously announced sale of Systems Control, a leading manufacturer of end-to-end substation control solutions, to Hubbell Incorporated ....

Xperi Inc. (the "Company" or "Xperi"), an entertainment technology company that invents, develops, and delivers technologies that enable extraordinary experiences, today announced it has entered into a definitive agreement to sell its AutoSense...

PBCO Financial Corporation , the holding company (Company) for People's Bank of Commerce (Bank), announced today that the Bank completed a repositioning strategy for our investment securities portfolio. The Bank sold approximately $49.4 million in...

CB Financial Services, Inc. ("CB") , the holding company of Community Bank (the "Bank"), and Exchange Underwriters, Inc. ("Exchange Underwriters"), the full-service independent insurance agency subsidiary of the Bank, announced today the completion...

Today, Columbia Seligman Premium Technology Growth Fund, Inc. (the Fund) declared a special fourth quarter distribution, beyond its typical quarterly managed distribution policy, in the amount of $0.2669 per share. A federal excise tax of 4% applies...

H.I.G. Growth Partners ("H.I.G. Growth"), the dedicated growth capital investment affiliate of H.I.G. Capital, is pleased to announce the sale of its portfolio company, Just Home Healthcare Services ("JHC" or the "Company"). H.I.G. sold JHC in two...

Golden Minerals Company ("Golden Minerals," "Golden" or the "Company") is pleased to announce that on December 1, 2023, it completed the previously-announced sale of its interests in the Santa Maria gold-silver property located in Chihuahua State,...

Eastman Chemical Company announced that it has completed the previously reported sale of its Texas City Operations to INEOS Acetyls. Texas City Operations was previously part of Eastman's Chemical Intermediates segment. Eastman has retained...

Community Health Systems, Inc. announced today that certain subsidiaries of the Company have completed the divestiture of Bravera Health Brooksville (120 licensed beds) in Brooksville, Florida, Bravera Health Spring Hill (124 licensed beds) in...

Mitsubishi Electric Corporation (TOKYO: 6503) announced today it has decided the name of its new subsidiary, Mitsubishi Electric Mobility Corporation, that has been formed as part of the planned spinoff of Mitsubishi Electric's automotive-equipment...

System1, Inc. ("System1" or the "Company"), an omnichannel customer acquisition marketing platform, today announced the sale of Total Security Limited ("Total Security") to a group led by Just Develop It Limited (the "Transaction"). The...

Discover Financial Services today announced that the Company's Board of Directors (the "Board") has authorized Discover management to explore the sale of the Discover Student Loans portfolio and the transfer of servicing of these loans to a...

Vertiv , a global provider of critical digital infrastructure and continuity solutions, will host its previously announced Investor Conference today at the New York Stock Exchange from 10 a.m. to 3 p.m. Eastern Time. Vertiv's management team will...

iHeartMedia, Inc. ("iHeart") announced today that in connection with the previously announced acquisition of Broadcast Music, Inc. ("BMI") to a shareholder group led by New Mountain Capital, LLC, it expects to receive approximately $100M of proceeds...

U.S. Fence Solutions Company, LLC ("U.S. Fence"), a portfolio company of building industry-focused investment firm, Building Industry Partners LLC ("BIP"), has sold Ideal Fencing Corp. ("Ideal" or the "Company") to Soil Nail Holdings ("SNH"). SNH is...

TechnipFMC plc (the "Company" or "TechnipFMC") today announced an agreement to sell the Company's Measurement Solutions business to One Equity Partners for $205 million in cash, subject to customary adjustments at the closing of the transaction....

CORE Industrial Partners ("CORE"), a manufacturing, industrial technology, and industrial services-focused private equity firm, announced today the completion of the previously announced sale of J&K Ingredients LLC ("J&K" or the "Company"), a...

Tenet Healthcare Corporation has entered into a definitive agreement with Novant Health for the sale of three Tenet hospitals and related operations in South Carolina for approximately $2.4 billion in cash (after-tax proceeds of approximately $1.750...

Covenant Capital Group, LLC ("Covenant"), a leading real estate investment manager with an exclusive focus on value-add investments in apartment communities, sold Seven Lakes at Carrollwood, a 640-unit multifamily property located in Tampa, Florida....

American Software, Inc. , a leading provider of innovative AI-powered supply chain management and advanced retail planning platforms, announced today that its wholly-owned subsidiary, Logility, Inc., signed an agreement for the sale of its...

Generation Mining Limited ("Gen Mining" or the "Company") has closed the previously announced sale of its rights and interests in an agreement to acquire a 100% interest in a mineral property (the "Davidson Property") hosting a molybdenum-tungsten...

NCFI Polyurethanes, a member of the Barnhardt Family of companies, announced today they have entered into an agreement with Richmond, VA-based Carpenter Co. for the divestiture of NCFI's Consumer Products Division, pursuant to terms and conditions,...