Divestiture News

ST. LOUIS--(BUSINESS WIRE)--Thompson Street Capital Partners (“TSCP”), a St. Louis-based middle-market private equity firm, today announced the sale of its portfolio company, Data Dimensions, LLC (“Data Dimensions”), to One Call, a technology-enabled leader in ancillary services and care management for the workers’ compensation market. Terms of the transaction were not disclosed. Headquartered in Janesville, Wisconsin and founded in 1982, Data Dimensions is a leading EDI clearinghouse and techn...

TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC), a building products leader, today announced that it has entered into an amended agreement to sell its glass reinforcements business to Praana Group, accelerating cash realization and updating the terms of the previously announced sale. The amended agreement eliminates seller notes and increases up-front cash proceeds, streamlining Owens Corning’s separation from the business. The agreement also adjusts the total enterprise value of the sa...

NORTH CHARLESTON, S.C.--(BUSINESS WIRE)--Ingevity has signed a definitive agreement and has successfully closed on the sale of its Ozark Materials road markings business to PPG....

BRISBANE, Calif.--(BUSINESS WIRE)--CareDx, Inc. (Nasdaq: CDNA) — The Transplant Company™, a leading precision medicine company focused on the discovery, development, and commercialization of clinically differentiated, high‑value healthcare solutions for transplant patients and caregivers, today announced that it has entered into a definitive agreement to divest its Lab Products business to EuroBio Scientific for cash consideration of $170 million. The transaction has been approved by the boards...

PITTSBURGH--(BUSINESS WIRE)--Harry Davis & Company (HDC) today announced the successful sale of the former Alpenrose butter, sour cream, and ice cream mix business operations in Clackamas, Oregon. The transaction preserves approximately 35 local jobs and ensures the continuation of production, supporting the regional dairy supply chain. The buyer, Plant Based Innovations (PBI), operates three state-of-the-art manufacturing facilities strategically located across the East Coast, West Coast,...

ROCKVILLE, Md.--(BUSINESS WIRE)--Linden Lake Labs (“L3”), an early-stage life sciences platform committed to advancing innovative therapies, today announced that its portfolio company, CrossBridge Bio, has entered into a definitive agreement to be acquired by Eli Lilly and Company. Linden Lake Labs participated in CrossBridge Bio’s seed financing round in November 2024, supporting the early development of its differentiated dual-payload antibody-drug conjugate (ADC) platform. “This milestone re...

LUXEMBOURG--(BUSINESS WIRE)--Regulatory News: Eurofins Scientific SE (the “Company” or “Eurofins”) (EUFI.PA) (Paris:ERF) announces the signing of an agreement to divest its Electrical & Electronic Testing business (“MET Labs”) to UL Solutions Inc. for an Enterprise Value of €575 million on a cash and debt free basis. MET Labs is expected to generate over €180 million in revenues in 2026, with profitability broadly in line with the Group average, and employs approximately 1,300 staff globall...

NEW YORK & PARIS--(BUSINESS WIRE)--OpenGate Capital (“OpenGate”), a global private equity firm specializing in complex corporate carve-outs and operational transformations across the industrial sector, announced today that its portfolio company Sargent and Greenleaf (“S&G”) has completed the sale of Delaney Hardware to Hillman Solutions Corp. (Nasdaq: HLMN), a leading provider of hardware products and merchandising solutions. The transaction represents the final step in OpenGate’s multi-pha...

SALT LAKE CITY & CHICAGO--(BUSINESS WIRE)--Pello Companies, LLC, which focuses on open finance innovation, today announced the entry into a definitive agreement for the acquisition of ByAllAccounts, a provider of innovative data aggregation technology for financial applications, from Morningstar, Inc. (Nasdaq: MORN). Upon completion of the transaction, ByAllAccounts will operate as a standalone company. The acquisition is expected to close in the first half of 2026, subject to customary closing...

STOCKHOLM--(BUSINESS WIRE)--Telia becomes first MNO to deploy Seamless OS after acquiring Telness, marking a huge expansion of the BSS/OSS platform from Telness Tech...