Divestiture News

SAN FRANCISCO--(BUSINESS WIRE)--The Presidio Group LLC ("Presidio"), an independent merchant banking firm focused on mergers and acquisitions, capital raising and investments in the automotive retail and consumer mobility sectors, exclusively advised Von Housen Automotive Group (“Von Housen”) on the sale of San Francisco Exotic Cars, representing Lamborghini, Bentley, Maserati, Pagani and Alfa Romeo and located in San Rafael, Calif., to indiGO Auto Group (“indiGO”). The transaction closed July...

LAS VEGAS--(BUSINESS WIRE)--Cannae Holdings, Inc. (NYSE: CNNE) ("Cannae" or the "Company") today announces the sale of its ownership stake in The Watkins Company ("Watkins"), a leading flavoring company focused on extracts, spices and seasonings, to KDSA Investment Partners (“KDSA”). Cannae invested $80 million in Watkins in October 2024 and including transaction sale proceeds, preferred dividends and fees received during Cannae’s ownership, the transaction represents a multiple on invested cap...

DENVER--(BUSINESS WIRE)--PURSUIT COMPLETES STRATEGIC DIVESTITURE OF FLYOVER BUSINESS, STRENGTHENING FOCUS ON GROWTH IN ICONIC DESTINATIONS...

HALIFAX, Nova Scotia--(BUSINESS WIRE)--Emera Inc. (TSX/NYSE: EMA) today announced it has received final approval from the New Mexico Public Regulation Commission (NMPRC) for the sale of New Mexico Gas Company (NMGC) to Bernhard Capital Partners (Bernhard). “This approval marks an important milestone for Emera and supports our long-term growth objectives,” said Scott Balfour, President and Chief Executive Officer, Emera Inc. “We appreciate the NMPRC’s thorough review and decision and thank the N...

STAMFORD, Conn.--(BUSINESS WIRE)--Dorian LPG Ltd. (NYSE: LPG) (the "Company" or "Dorian LPG"), a leading owner and operator of modern and ECO very large gas carriers (“VLGCs”), will issue a news release on Wednesday, August 5, 2026 prior to the market open, announcing its financial results for the first quarter ended June 30, 2026. The Company also announced that it completed the sale of its 2015-built VLGC Constellation on July 27, 2026, generating cash proceeds of approximately $87.3 million....

LONDON--(BUSINESS WIRE)--Hg, the leading investor in European and transatlantic software and services businesses, today announced that it has agreed the sale of its majority shareholding in Quantios, a leading provider of SaaS solutions to the global trust and corporate services industry, to Vista Equity Partners. Hg first invested in the business in 2022, then TrustQuay, and in 2023 merged it with ViewPoint (owned by funds managed by EQT, a global private markets firm) to create Quantios - a g...

STAMFORD, Conn.--(BUSINESS WIRE)--LongRange Capital (“LongRange”), a private equity firm with an operationally-oriented approach to building and growing businesses, today announced the exit of its remaining position in Greencore Group plc (LSE: GNC). In January 2024, LongRange invested in Bakkavor Group plc, then the leading manufacturer of fresh prepared food in the UK. Bob Berlin, Founder and Managing Partner of LongRange, re-joined the Bakkavor board, having previously served as a non-execut...

BOZEMAN, Mont.--(BUSINESS WIRE)--PSQ Holdings, Inc. (NYSE: PSQH) ("PSQH" or the "Company") announced today that it has entered into a definitive agreement to sell EveryLife, its direct-to-consumer diaper and baby products brand, to FreeHold Brands, LLC, for gross proceeds of $5.5 million in cash, before transaction fees and customary adjustments. The transaction is expected to close by September 30, 2026, subject to customary closing conditions. The Company has reported EveryLife as discontinue...

BEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers Announces Sale of Meadowmont Market...

CHARLOTTE, N.C.--(BUSINESS WIRE)--Honeywell Technologies (NASDAQ: HON) today announced it has completed the sale of its Warehouse and Workflow Solutions (WWS) business to American Industrial Partners (AIP) in an all-cash transaction. The business operates commercially under the Intelligrated and Transnorm brands. The divestiture of WWS allows Honeywell Technologies to further focus on its pure-play automation portfolio in the Building, Industrial and Process end markets, and the long-term growt...