Divestiture News

WALTHAM, Mass.--(BUSINESS WIRE)--Revvity, Inc. (NYSE: RVTY), today reported financial results for the first quarter ended April 5, 2026. The Company reported GAAP earnings per share from continuing operations of $0.37, as compared to $0.35 in the same period a year ago. Revenue for the quarter was $711 million, as compared to $665 million in the same period a year ago. GAAP operating income from continuing operations for the quarter was $76 million, as compared to $72 million for the same perio...

NEW YORK--(BUSINESS WIRE)--KKR, a leading global investment firm, and XPV Water Partners, a leading water-focused investment firm, today announced the signing of a definitive agreement to sell Axius Water (“Axius”) to CRH, a leading building materials company. Formed in 2019 by KKR and XPV to unify high-potential companies across nutrient management, Axius has grown into a global leader in advanced water quality solutions. "As pressures on global water systems intensify, water quality challenge...

HOUSTON--(BUSINESS WIRE)--Helix Energy Solutions Group, Inc. (“Helix”) (NYSE: HLX) announced today the sale of all of the equity interests of its Gulf of America-focused Shallow Water Abandonment business to C-Dive, LLC, a member of the Chouest group of companies, for $107.5 million cash at closing, to be adjusted for working capital and other transaction expenses. The divestiture, which was signed and closed May 1, follows Helix’s recent announcement of its entry into a definitive agreement wi...

DENVER--(BUSINESS WIRE)--Seneca Capital Partners (“Seneca”), a Denver-based private equity firm, is pleased to announce the successful disposition of all portfolio real estate assets held by Seneca Capital Income Real Estate Fund II, L.P. (“SCIRE Fund II” or the “Fund”), representing approximately $120,000,000 in aggregate transaction value. SCIRE Fund II was strategically assembled to acquire and operate a diversified portfolio of income-producing real estate assets, with a focus on durable ca...

NEW YORK--(BUSINESS WIRE)--Affiliates of funds advised by SK Capital Partners, LP (“SK Capital”), a private investment firm focused on the life sciences, specialty materials, and ingredients sectors announced today they have completed the sale of Noramco, Extractas Biosciences, and Purisys of the Noramco Group (“Noramco” or the “Company”) to Siegfried Holding AG (SIX: SFZN; “Siegfried”), a leading global Contract Development and Manufacturing Organization (CDMO) for the pharmaceutical industry....

DALLAS--(BUSINESS WIRE)--Scout Energy Partners Divests Over $1 Billion in Assets in the Western Anadarko Basin...

GREENWICH, Conn.--(BUSINESS WIRE)--Tiptree Inc. (NASDAQ:TIPT) (“Tiptree” or the “Company”), today announced its financial results for the three months ended March 31, 2026. Highlights Returned capital to shareholders through approximately $5.0 million of share repurchases during the first quarter, at an average price of $16.13 per share. Declared a dividend of $0.06 per share to stockholders of record on May 18, 2026 with a payment date of May 26, 2026. On September 26, 2025, the Company agreed...

MALVERN, Pa.--(BUSINESS WIRE)--Pacer Advisors, Inc. to Close and Liquidate the Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF (SZNE)....

PROVIDENCE, R.I.--(BUSINESS WIRE)--Textron Inc. (the "Company" or “Textron”) (NYSE: TXT) today announced its intent to separate its Industrial segment from the Company’s core aerospace and defense businesses to enhance its strategic and operational focus and drive long-term value for stakeholders. Textron intends to explore multiple paths to effect the planned separation of its Industrial segment, including but not limited to a sale of the Industrial businesses or a tax-free separation into a s...

VALLEY FORGE, Pa. & NEW YORK--(BUSINESS WIRE)--UGI Utilities, Inc. (UGI Utilities), a wholly owned subsidiary of UGI Corporation (NYSE: UGI), today announced a definitive agreement to sell its Electric Division to funds managed by Argo Infrastructure Partners LP (Argo), a well-established mid-market manager of essential infrastructure and utility assets. The purchase price is approximately $470 million with working capital adjustments. After-tax proceeds will be used to reduce UGI debt and for...