News by subject: Divestiture

Pebblebrook Hotel Trust (the "Company") today announced that on February 22, 2023, it closed on the sale of the 151-room The Heathman Hotel in Portland, OR for $45.0 million to a third party. For the trailing twelve months ended December 31, 2022,...

Humana Inc. today announced that it will be exiting the Employer Group Commercial Medical Products business, which includes all fully insured, self-funded and Federal Employee Health Benefit medical plans, as well as associated wellness and rewards...

Alcoa announced today that its subsidiary Alcoa of Australia Limited (AoA) has terminated a joint development project with FYI Resources Ltd for high-purity alumina (HPA). Alcoa announced in 2021 that AoA had executed a binding term sheet with...

Crestwood Equity Partners LP ("Crestwood") reported today its financial and operating results for the three months ended December 31, 2022. Fourth Quarter and Full-Year 2022 Financial Highlights1 Fourth quarter 2022 net income of $53.9 million,...

MedMen Enterprises Inc. ("MedMen" or the "Company") , a premier cannabis retailer with operations across the United States, continues to make progress in its restructuring efforts. Efforts to date have been effective, resulting in a return to...

Cazoo Group Ltd ("Cazoo" or the "Company"), the UK's leading online car retailer, which makes buying and selling a car as simple as ordering any other product online, has agreed to sell its German subscription business, Cluno GmbH, to ViveLaCar GmbH...

IFF today announced it has entered into an agreement to sell its Flavor Specialty Ingredients (FSI) business to Exponent, a leading UK-based private equity firm, for $220 million in cash proceeds. FSI reports through IFF's Scent division and is a...

VICI Properties Inc. ("VICI Properties" or the "Company") announced today that, in connection with the acquisition of the operations of Gold Strike Casino Resort ("Gold Strike") by CNE Gaming Holdings, L.L.C., an indirect subsidiary of Cherokee...

Four Corners Property Trust , a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties ("FCPT" or the "Company"), is pleased to announce the disposition of a Burger...

Repay Holdings Corporation ("REPAY" or the "Company"), a leading provider of vertically-integrated payment solutions, today announced the divestiture of Blue Cow Software, LLC, ("Blue Cow"), a fuel and propane management software business, to PDI...

Evoqua Water Technologies , an industry leader in mission-critical water treatment solutions, today announced that it has entered into a definitive agreement to divest its carbon reactivation and slurry operations to DESOTEC, the European market...

Unilever has today announced the sale of its Suave brand in North America to Yellow Wood Partners LLC. The Suave beauty and personal care brand includes hair care, skin care, skin cleansing and deodorant products. Esi Eggleston Bracey, President of...

Blue Sage Capital announced today that it closed on the sale of Magnum Systems, Inc to 3 Rivers Capital, based in Pittsburgh, Pennsylvania. Patriot Capital and SharpVue Capital participated in the transaction by providing debt and equity financing....

Global Payments Inc. today announced results for the fourth quarter and year ended December 31, 2022. "We delivered strong results for the fourth quarter and full year 2022, highlighting consistent execution across market cycles," said Jeff Sloan,...

Ault Alliance, Inc. , a diversified holding company ("Ault Alliance") and Ecoark Holdings, Inc. ("Ecoark") announced today that they have entered into a share exchange agreement (the "Agreement") whereby, upon closing, Ecoark will acquire 100% of...

Clearlake Capital-backed Alkegen announced today that it has entered into an exclusive agreement with Regent, L.P. to sell its Thermal Acoustical Solutions (TAS) business unit, which manufactures high performance acoustical and thermal management...

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, Eruptr ("Eruptr" or the "Company"), a leading provider of technology-enabled...

As previously announced, Arconic Corporation ("Arconic" or "the Company") completed the sale of 100% of its Russian operations on November 15, 2022. As a result of the divestiture, and consistent with the sale announcement, the Company recorded a...

Shore Capital Partners ("Shore" or "Shore Capital"), a Chicago-based private equity firm focused on microcap investing, is pleased to announce the sale of Argentum Medical ("Argentum"), a provider of infection prevention solutions and wound care...

Argo Group International Holdings, Ltd. ("Argo") today announced the completion of its previously announced sale of Argo Underwriting Agency Limited and its Lloyd's Syndicate 1200 to Westfield. "We are pleased to complete this transaction," said...

Sabra Health Care REIT, Inc. ("Sabra", "the Company") announced today that since September 30, 2022, the Company has received roughly $185 million of gross proceeds related to previously disclosed disposition activity. In addition, the 24 properties...

UPDATE: On January 30, 2023, the stockholders of DTRT Health Acquisition Corp. (the "Company"; Nasdaq: DTRTU, DTRT, DTRTW) approved an amendment (the "Charter Amendment") to the Company's Amended and Restated Certificate of Incorporation (as amended,...

Elk Range Royalties, LP ("Elk Range") is pleased to announce it has closed an acquisition of Permian Basin mineral and royalty interests pursuant to a purchase and sale agreement ("PSA") with Tower Rock Oil & Gas and its affiliates. The PSA covers...

Orangewood Partners ("Orangewood"), a long-term focused private investment firm, today announced the successful exit of its Kentucky-based taco bell franchisee, ABTB. Financial terms of the transaction were not disclosed. Founded in January 2018,...

Vertex Energy, Inc. ("Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products, today announced that it has sold its Heartland used motor oil collection and recycling business to a wholly owned subsidiary...

On January 30, 2023, the stockholders of DTRT Health Acquisition Corp. (the "Company"; Nasdaq: DTRTU, DTRT, DTRTW) approved an amendment (the "Charter Amendment") to the Company's Amended and Restated Certificate of Incorporation (as amended, the...

IDEX Corporation today announced its financial results for the quarter and year ended December 31, 2022. "IDEX achieved another record year in 2022, and our teams continue to deliver on multiple fronts," said Eric D. Ashleman, IDEX Corporation...

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 the closing of the sale of its...

Gibraltar Industries, Inc. , a leading manufacturer and provider of products and services for the renewable energy, residential, agtech and infrastructure markets, today announced it will record a fourth quarter 2022 non-cash charge estimated to be...

Dole plc ("Dole" or the "Group") has today announced that certain of its subsidiaries have entered into a definitive agreement to sell Dole's Fresh Vegetables Division to an affiliate of Fresh Express Incorporated ("Fresh Express"), a wholly owned...

Pioneer Landscape Centers, a regional supplier of landscape and hardscape materials in the western U.S., today announced that it has sold its quarries to Holcim. This move will allow Pioneer Landscape Centers to expand product lines in its retail...

Generational Capital Markets, Member FINRA/SIPC and a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client Taylor Telecommunications, Inc. to Verità Telecommunications Corporation. The...

Scott's Liquid Gold-Inc. ("The Company") today announced the sale of its wood and floor care lines, which is part of its ongoing process to explore and pursue a variety of strategic alternatives focused on maximizing shareholder value. The Company...

Haig Partners LLC served as the exclusive sell-side advisor to Jack and Robin Salzman on the sale of their Lake Norman Chrysler-Dodge-Jeep-RAM and Gastonia Chrysler-Dodge-Jeep-RAM dealerships in North Carolina to the Parks Automotive Group. Parks...

Vista Equity Partners ("Vista"), a leading global investment firm focused exclusively on enterprise software, data and technology-enabled businesses, today announced the sale of its majority stake in Zapproved, an e-discovery software provider for...

Permian Resources Corporation ("Permian Resources" or the "Company") today announced that it has entered into a series of portfolio management transactions, comprising of a bolt-on acquisition, a divestiture of non-operated production and acreage...

Berkshire Partners has sold its stake in Mielle, the fast-growing, innovative, and community-focused textured hair care company, which joins P&G Beauty, pending regulatory approval. In March 2021, Berkshire Partners made an investment in Mielle to...

H.I.G. Capital ("H.I.G."), a leading global alternative investment firm with $53 billion of equity capital under management, is pleased to announce the sale of its portfolio company Medusind ("Medusind" or the "Company") to Alpine Investors...

Startek, Inc. ("Startek" or the "Company"), a global customer experience (CX) solutions provider, today announced that ESM Holdings Limited, an indirect wholly-owned subsidiary of the Company, has entered into a definitive share purchase agreement...

Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised The InterMed Group (InterMed), a portfolio company of Granite Bridge Partners LLC (Granite Bridge), on its sale to Cressey & Company LP (Cressey)...

IMTT announced today that it has closed on the sale of the company's bulk liquids storage terminal located in Gretna, Louisiana to BWC Terminals LLC. The Gretna terminal is located on the Mississippi River and has approximately 2.3 million barrels of...

Benson Hill, Inc. , a food tech company unlocking the natural genetic diversity of plants, today announced that it entered into agreements to sell the assets and equity related to its Fresh business in a two-part transaction for an aggregate purchase...

Community Health Systems, Inc. announced today that affiliates of the Company have completed the divestiture of 122-bed Greenbrier Valley Medical Center in Ronceverte, West Virginia, along with its respective assets, physician clinic operations and...

Turnbridge Equities (Turnbridge), a real estate investment and development firm that invests in commercial and industrial opportunities in high-growth and high barrier-to-entry markets, in partnership with Long Wharf Capital (Long Wharf), has...

Bristol Myers Squibb has completed the previously announced sale of its manufacturing facility in Syracuse, New York to LOTTE BIOLOGICS. The divestiture is part of Bristol Myers Squibb's ongoing evolution of its manufacturing network to support its...

Valmont® Industries, Inc. , a global leader that provides vital infrastructure and advances agricultural productivity while driving innovation through technology, today announced that the Company has completed the previously announced sale of Valmont...

CIM Real Estate Finance Trust, Inc. ("CMFT"), a leading commercial credit-focused real estate investment trust (REIT), announced today that it has entered into an agreement to sell 185 non-core, net lease properties to Realty Income Corporation for...

EDF Renewables North America (EDF Renewables) announced today it has completed the transaction with Boralex Inc. (Boralex) by which Boralex has acquired EDF Renewables' 50-percent ownership interests in five operating wind power projects totaling...

Today, Tallgrass has announced an agreement with the Louisiana Coastal Protection and Restoration Authority (CPRA) for the sale of over 500 acres of property in Plaquemines Parish, Louisiana, to advance Governor John Bel Edwards's efforts to restore...

Vince Holding Corp. , a global contemporary retailer led primarily by the Vince Brand ("Vince" or the "Company"), today announced that the Company's indirectly wholly owned subsidiary, Rebecca Taylor, Inc., completed the sale of its intellectual...