Divestiture News

DEERFIELD, Ill.--(BUSINESS WIRE)--Fortune Brands Innovations, Inc. (NYSE: FBIN) (“Fortune Brands” or the “Company”), an industry-leading home, security and digital products company, today announced it has executed a definitive agreement to sell its Fiberon composite decking business to a subsidiary of Inteplast Group Corporation. The potential transaction is the result of a comprehensive sales process Fortune Brands initiated in connection with the strategic review of its Fiberon decking busine...

BOSTON--(BUSINESS WIRE)--Abry Partners ("Abry"), a Boston-based private equity firm, today announced it has completed the sale of netnumber (the "Company"), a leading provider of phone number intelligence and registry services, to Transaction Network Services ("TNS"). Financial terms of the transaction were not disclosed. Abry acquired the Global Data Services division of netnumber in July 2022 and partnered with the management team to establish the business as a standalone platform. Over the c...

BUFFALO, N.Y.--(BUSINESS WIRE)--Gibraltar Industries, Inc. (Nasdaq: ROCK), a leading manufacturer and provider of products and services for the residential and agtech markets, today announced that it has entered into an agreement to sell its Infrastructure business, D.S. Brown, to Saint-Gobain for $208 million in cash, subject to customary post-closing adjustments. The sale is expected to close in the fourth quarter of 2026 subject to customary closing conditions, including receipt of required r...

BALTIMORE--(BUSINESS WIRE)--Constellation (Nasdaq: CEG) today announced that it has completed the sale of the Brazos Valley Energy Center to LS Power. The 606-megawatt (MW) natural gas-fired combined-cycle facility is located outside Houston and operates in the ERCOT market.The transaction represents continued progress in satisfying regulatory commitments related to Constellation’s acquisition of Calpine, which closed in January 2026.Constellation entered into an agreement to sell Brazos Valley...

CHICAGO--(BUSINESS WIRE)--PSP Capital, a global private investment firm founded by its Chairman, Penny Pritzker, announced that it has entered into a definitive agreement to sell StormTrap, a leading provider of stormwater management systems and water quality solutions, to Advanced Drainage Systems, Inc. (NYSE: WMS) ("ADS"), a global leader in innovative water management solutions.The transaction, which was announced by ADS, is expected to close in the coming months, subject to customary regulat...

ST HELIER, Jersey--(BUSINESS WIRE)--DPC Holdings (NYSE: DPC) (“Doncasters”) has agreed to dispose of the Ivostud business to Lenbach Equity Opportunities III. GmbH & Co. KG, a private equity fund advised by DUBAG Group, subject to any required approvals and customary closing conditions, with completion expected during Q4 2026. Ivostud is a non-material asset held for sale.Caution Concerning Forward-Looking StatementsThis press release contains forward-looking statements. Statements included...

LOS ANGELES--(BUSINESS WIRE)--Duncan Solutions, LLC (“Duncan”), a leading provider of technology-enabled transportation revenue management solutions, today announced that it has completed the sale of its non-core, affiliated business Pioneer Credit Recovery, Inc. (“Pioneer”). The sale, along with previously completed divestitures of non-core businesses Pioneer Customer Experience (“PCX”) and Gila earlier in 2026, concludes Duncan’s transformation into a pure-play, end-to-end transportation reve...

BETHESDA, Md.--(BUSINESS WIRE)--Pebblebrook Hotel Trust Completes $10.0 Million Sale of The Hotel Zags...

DALLAS--(BUSINESS WIRE)--Braemar Hotels & Resorts Inc. (NYSE: BHR) (“Braemar” or the “Company”) today provided a portfolio update and announced its financial outlook for full-year 2027. Portfolio Update On July 14, 2026, the Company closed on the sale of the Ritz-Carlton Sarasota, the Hotel Yountville and the Bardessono Hotel and Spa for a total purchase price of $437.5 million ($1.0 million per key). On August 21, 2026, the Company closed on the sale of the Pier House Resort & Spa for...

PARAMUS, N.J.--(BUSINESS WIRE)--Movado Group, Inc. (NYSE: MOV) today announced that it has entered into a binding agreement to sell a 95% interest in its EBEL brand for $66.5 million to a strategic buyer group led by Montres Journe SA (“Montres Journe”), a Geneva-based luxury watch manufacturer, with the participation of Chanel (“Chanel”), the luxury house, and Pierre Jacques, a renowned figure in the Swiss watch industry, who will serve as Chief Executive Officer of EBEL. The transaction is su...