Divestiture News

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...

ROSEMONT, Ill.--(BUSINESS WIRE)--Wynnchurch Capital, L.P. (“Wynnchurch”), a leading middle market private equity firm, today announced the sale of Team Car Care, LLC (“TCC” or the “Company”) to Triple JJJ Lube, Corp. Headquartered in Irving, Texas, TCC is a market leader in the quick oil change segment of the “Do-It-For-Me” (DIFM) automotive aftermarket. TCC has grown to be the largest operator and franchisee of the highly recognized Jiffy Lube brand, currently operating 458 locations across 23...

BUFORD, Ga.--(BUSINESS WIRE)--OneWater Marine Inc. (NASDAQ: ONEW) (“OneWater” or the “Company”) today announced that it has completed the sale of Ocean Bio-Chem Holdings, Inc. (“Ocean Bio-Chem” or “OBCI”) as part of its broader portfolio optimization strategy focused on core assets and long-term value creation. Proceeds from the transaction will be used to reduce debt and further strengthen the balance sheet. “As part of our long-term strategy, we are focused on simplifying the business and all...

PARIS & PALO ALTO, Calif.--(BUSINESS WIRE)--LBO France, a multi-specialist investment platform and pioneer in private equity, announced today the signing of a definitive agreement with Vivo Capital, a leading global investment firm focused exclusively on healthcare and life sciences, for the sale of Dutscher Group (‘Dutscher’ or ‘the Group’), the European leader in consumables and equipment distribution for R&D laboratories. Following a successful consultation process, Dutscher’s employee r...