Divestiture News

NEW YORK--(BUSINESS WIRE)--Seaport Capital Completes Sale of Exacom to Motorola Solutions...

MINNEAPOLIS--(BUSINESS WIRE)--General Mills, Inc. (NYSE: GIS) today announced it has entered into a definitive agreement to sell its business in Brazil to 3corações. The proposed transaction, which includes a portfolio of leading local brands including Yoki and Kitano, is expected to close by the end of calendar 2026, subject to receipt of requisite regulatory approvals and other customary closing conditions. The sale reinforces General Mills’ priority to reshape its portfolio to generate long-...

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced that it has completed the previously announced divestiture of the TriMas Aerospace business (“TriMas Aerospace”) to PennAero, a portfolio company of Tinicum L.P. and funds managed by Blackstone, Inc. The transaction, first disclosed on November 4, 2025, was completed for approximately $1.45 billion in cash, subject to customary post‑closing adjustments, with estimated net after-tax proceeds of approximately $1.2 bill...

TORONTO--(BUSINESS WIRE)--Accord Financial Closes Sale of US Portfolio Assets...

BOCA RATON, Fla.--(BUSINESS WIRE)--Boyd Completes Thermal Business Sale to Eaton for $9.5B, Will Continue to Scale Engineered Materials Business in High Growth Markets...

MONTERREY, Mexico--(BUSINESS WIRE)--Cemex announced today that it is in the process of divesting certain operations in Colombia. The divestment is expected to take place through several separate transactions with different parties, for a combined purchase price of approximately US$555 million, at an approximate 10x multiple of 2025 EBITDA. As a first step, Cemex entered into an agreement with the Holcim Group to sell a cement plant (Caracolito), a grinding mill (Santa Rosa), and a portfolio of...

AUSTIN, Texas--(BUSINESS WIRE)--Stratus Properties Inc. (NASDAQ: STRS) (“Stratus” or the “Company”) today announced that its Board of Directors (the “Board”) has concluded its strategic alternatives review announced in December 2025. After a thorough examination of strategic alternatives in conjunction with external financial, tax and legal advisors, the Board has unanimously determined it is in the best interests of the Company and its stockholders to pursue a plan of liquidation and dissoluti...

DEERFIELD, Ill. & BARCELONA, Spain--(BUSINESS WIRE)--TerSera Therapeutics LLC today announced that it has completed the previously announced sale of its Infusion Specialty Therapies Business Unit (IST), including two specialty medications, Prialt® (ziconotide intrathecal infusion) and Quzyttir® (cetirizine hydrochloride injection) to ESTEVE. Effective today, under the terms of the transaction, ESTEVE fully owns Prialt® and Quzyttir®. Perella Weinberg Partners acted as the financial advisor to E...

GREENWICH, Conn.--(BUSINESS WIRE)--Tiptree Inc. (NASDAQ:TIPT) (“Tiptree” or the “Company”), today announced its financial results for the three months and year ended December 31, 2025. The Company commented, "In late 2025, we agreed to sell Fortegra and Reliance First Capital, transactions expected to result in pro-forma book value of approximately $923 million, or $24.40 per share. Since our $139 million initial capital raise in 2007, we have completed more than 21 acquisitions and divestiture...

CALGARY, Alberta--(BUSINESS WIRE)--Waterous Energy Fund Management Corp. (the "WEF Manager"), in its capacity as manager of certain limited partnerships, including but not limited to, WEF Osum Co-Invest III LP ("Osum III"), Waterous Energy Fund (Canadian) LP, Waterous Energy Fund (US) LP, Waterous Energy Fund (International) LP and Waterous Energy Fund II Aggregator LP (together with certain other entities managed by the WEF Manager, the "WEF Funds"), today announced that Osum III has completed...