Divestiture News

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Haig Partners LLC, a leading buy-sell advisory firm to auto retailers, served as the exclusive advisor to New Country Motor Car Group (“New Country”) on the sale of its Lexus of Westport, Toyota of Westport and Audi Hawthorne dealerships to Jesse Hord of Keeler Motor Car Company and his capital partner, Open Road Capital. The Lexus and Toyota dealerships are located on the “Gold Coast” in CT, and the Audi dealership is located in Westchester County, NY, b...

TORONTO--(BUSINESS WIRE)--Accord Financial Closes Sale of BondIt Media Capital...

BOSTON & SAN FRANCISCO--(BUSINESS WIRE)--Audax Private Equity (“Audax”), a capital partner for middle and lower middle market companies, announced today it has completed the sale of Colony Hardware (“Colony” or “the company”), a direct-to-jobsite distributor of construction materials and jobsite supplies servicing specialty and general contractors. Audax sold Colony to White Cap, a leading distributor of specialty construction supplies and safety products for professional contractors. The terms...

NEW YORK--(BUSINESS WIRE)--Seaport Entertainment Group Inc. (NYSE: SEG) announced today it has successfully completed the sale of the mixed-use development project located at 250 Water Street for a sale price of $143.0 million to Tavros, a privately owned real estate investment management and development firm based in New York City. 250 Water Street was originally acquired by Howard Hughes Holdings, the Company’s former parent, in June 2018. The one-acre site spans a full city block, bordered b...

CHELMSFORD, Mass.--(BUSINESS WIRE)--The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTCQB: CBSTF) (“The Cannabist Company” or the “Company”), one of the most experienced cultivators, manufacturers and retailers of cannabis products in the U.S., today announced the closing of the transaction, previously announced on December 18, 2025, to sell all of the ownership interests of its subsidiary engaged in the business of cultivating, producing, manufacturing, distributing and selling cannabis i...

AIX-EN-PROVENCE, France & SAN DIEGO--(BUSINESS WIRE)--Regulatory News: Verimatrix, (Euronext Paris: VMX), a leading provider of security solutions for a safer connected world, today announced that it has completed the sale of 100% of its Extended Threat Defense (XTD) assets to Guardsquare, a Belgian company and leader in mobile application security. This transaction follows the signing of an agreement announced in a press release on December 8, 2025, as well as regulatory approval. It is part o...

NEW YORK--(BUSINESS WIRE)--Griffon Corporation (NYSE: GFF) (the “Company” or “Griffon”) today announced a set of strategic actions to streamline the company’s portfolio and enhance shareholder value. When these actions are completed, Griffon will be a pure-play, residential and commercial, North American building products company with leading positions in residential garage doors, commercial sectional doors, rolling steel doors and grille products, and residential and commercial ceiling fans. I...

DULUTH, Ga.--(BUSINESS WIRE)--Mill Point Capital LLC (“Mill Point”), a private equity firm focused on control investments in middle-market companies in North America across the Business Services, Industrials and IT Services sectors, announced today the sale of Verinext Corp. (“Verinext” or the “Company”), a leading IT services platform providing end-to-end technology solutions for mid-market and enterprise clients, to Arctiq, Inc. (“Arctiq”), a leading provider of professional IT solutions and...

INDEPENDENCE, Ohio--(BUSINESS WIRE)--VALTRIS COMPLETES DIVESTITURE OF CHAMPLOR RENEWABLES TO AVRIL...

PREMSTAETTEN, Austria & MUNICH--(BUSINESS WIRE)--ams OSRAM sells non-optical analog/mixed-signal sensor business to Infineon for EUR 570 m in cash, reduces pro-forma leverage ratio to 2.5 and is creating the leader in Digital Photonics “With the focused sale of our non-optical automotive, industrial & medical sensor business to Infineon for EUR 570 million in cash, we are effectively killing two birds with one stone: we are accelerating the deleveraging of our balance sheet while at the sam...