Divestiture News

CHATTANOOGA, Tenn.--(BUSINESS WIRE)--CBL Properties (NYSE:CBL) announced today that, along with its joint venture partner, it has closed on the sale of Hammock Landing, a 397,000 square-foot open-air center in West Melbourne, FL, for $78.5 million, including the assumption of the $43.8 million loan. The sales of Hammock Landing, along with the first quarter sale of related infrastructure bonds, generate approximately $26 million of cash proceeds to CBL. “The sale of Hammock Landing at an 8% cap...

HOUSTON--(BUSINESS WIRE)--Post Oak Energy Capital, LP (“Post Oak”) today announced the simultaneous sale of the producing Haynesville natural gas assets of Nadel and Gussman NV, LLC (“NGNV”) and Quantent Energy Partners, LLC (“Quantent”). Historically, NGNV and Quantent assembled drill-ready positions in the Haynesville, in partnership with Post Oak, and subsequently developed a portion of the assets over the course of their respective investment cycles. “We are pleased to have once again partn...

TACOMA, Wash.--(BUSINESS WIRE)--TrueBlue (NYSE: TBI), a leading provider of specialized workforce solutions, today announced that its Board of Directors (the “Board”) has unanimously rejected the unsolicited, non-binding proposal from HireQuest, Inc. (NASDAQ: HQI) to acquire the On-Demand segment of TrueBlue's PeopleReady business for $105 million in cash. As previously disclosed last year, the Board considered, and rejected, an unsolicited, non-binding proposal from HireQuest to acquire all of...

WASHINGTON--(BUSINESS WIRE)--Xylem Inc. (NYSE: XYL) today announced the completion of the previously disclosed sale of Sensus International, its water and heat metering operations outside North America, to AURELIUS. Xylem retains its North America Sensus business, which continues to play a strategic role in the company’s portfolio. For product inquiries or support related to Sensus International, please visit www.sensus-international.com or contact info@sensus-int.com. About Xylem Xylem (XYL) i...

FLORHAM PARK, N.J.--(BUSINESS WIRE)--Conduent Incorporated (Nasdaq: CNDT), a global technology‑driven business solutions and services provider, today announced that it has entered into a definitive agreement to sell its Public Transit business, an operating unit of Conduent Transportation, to Modaxo, a global technology organization focused on moving the world’s people. The Public Transit business consists of Transit Fare Management and Fleet Management Solutions businesses. The sale has a purc...

PORTLAND, Ore. & HONOLULU--(BUSINESS WIRE)--Standard Insurance Company (The Standard) and Pacific Guardian Life announced today a definitive agreement under which The Standard will transition its individual annuities business to Pacific Guardian Life. The Standard and Pacific Guardian Life are both members of the global Meiji Yasuda Life Insurance Company family. The transaction is expected to close in early 2027, subject to regulatory approvals and other customary closing conditions. Pacific G...

NEW YORK & BURLINGTON, Mass.--(BUSINESS WIRE)--KKR and CIRCOR International (“CIRCOR” or the “Company”), a global manufacturer of flow control products for industrial, naval, and aerospace markets, today announced the signing of a definitive agreement to sell CIRCOR Aerospace, the Company’s aerospace division, to Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, for $2.55 billion. Funds managed by KKR first acquired CIRCOR for $1.8 billion in 2023 and...

GREENSBORO, N.C.--(BUSINESS WIRE)--Kontoor Brands, Inc. (NYSE: KTB) today announced it has signed a definitive agreement to sell the Lee® business to Authentic Brands Group (Authentic) for up to $1 billion, including an initial transaction value of $750 million and a $250 million earnout opportunity in future years based on the performance of Lee under Authentic’s ownership. The transaction is subject to required regulatory approvals and customary closing conditions. “The Lee transaction is a d...

BOSTON--(BUSINESS WIRE)--Skillsoft (NYSE: SKIL) (“Skillsoft” or “the Company”), a leading AI-native skills management platform, today announced that it has entered into a definitive agreement to sell its Global Knowledge instructor-led training (“ILT”) business to an affiliate of Enduring Ventures (the “Buyer”). The transaction follows a comprehensive strategic assessment and represents a significant milestone in Skillsoft’s transformation. Skillsoft expects the transaction to deliver three pri...

ROSEMONT, Ill.--(BUSINESS WIRE)--Wynnchurch Capital, L.P. (“Wynnchurch”), a leading middle market private equity firm, is pleased to announce the sale of Ironform Holdings Co. (“Ironform” or the “Company”) to a strategic buyer. Headquartered in Chicago, Illinois, Ironform is one of the largest metal fabricators in North America. Ironform supplies light, medium, and heavy gauge precision metal stampings, fabricated components and value-added assemblies to the agriculture, construction, off-highw...