Divestiture News

DALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE: FLS) (“Flowserve” or the “Company”), a leading provider of flow control products and services for the global infrastructure markets, announced today the completion of the divestiture of BW/IP - New Mexico, Inc. (“BW/IP”), a wholly owned subsidiary of the Company that holds asbestos liabilities and related insurance assets, to an affiliate of Acorn Investment Partners (“Acorn”), a portfolio company of funds managed by Oaktree Capital Manageme...

LEWISVILLE, Texas--(BUSINESS WIRE)--MCS today announced that it has completed the sale of its mortgage services business line (“Mortgage Contracting Services”), which includes property preservation services, property inspections and other asset management and maintenance work offerings, to global title and real estate services company Stewart Information Services Corp. MCS entered into an agreement to sell Mortgage Contracting Services to Stewart in November 2025 and the sale is now official. W...

NEW YORK--(BUSINESS WIRE)--BGC Group, Inc. (Nasdaq: BGC) (“BGC” or “the Company”) today announced that it has entered into a definitive agreement to sell the business of kACE Financial (“kACE”), a leading provider of real-time pricing and advanced analytics platforms for complex FX derivatives, to smartTrade Technologies SAS (“smartTrade”), a global leader in multi-asset electronic trading and payments solutions. Under the terms of the deal, kACE is valued up to $119 million, subject to limited...

DALLAS--(BUSINESS WIRE)--CenterOak Partners LLC ("CenterOak"), a Dallas-based private equity firm, today announced the sale of Turf Masters Brands, Inc. (“Turf Masters Brands” or the “Company”), a leading provider of residential recurring lawn, tree, and shrub care services, in a transaction with ExperiGreen Lawn Care. Terms of the transaction were not disclosed. Headquartered in Atlanta, Georgia, Turf Masters Brands provides recurring lawn, tree, and shrub care services to more than 200,000 ho...

AUSTIN, Texas--(BUSINESS WIRE)--Sverica Capital Management LP ("Sverica") announced today the sale of its Fund V portfolio company Coastal Cloud Holdings, LLC (“Coastal” or the "Company") to Tata Consultancy Services Limited (or "TCS") for $700 million. This marks the culmination of a five-year successful partnership with Coastal, during which the Company more than quadrupled in size while maintaining best in class profitability and solidified its market leadership as one of the largest and fas...

SASKATOON, Saskatchewan--(BUSINESS WIRE)--Nutrien Ltd. (TSX and NYSE: NTR) announced today that it has completed the sale of its 50 percent equity position in Argentina-based nitrogen producer Profertil S.A. (Profertil) to Adecoagro S.A. and Asociacion de Cooperativas Argentinas Coop Ltda through a joint acquisition. Total proceeds from the sale on a pre-tax basis are approximately US$600 million. “Closing the sale of our equity stake in Profertil demonstrates continued progress towards simplif...

WALNUT CREEK, Calif.--(BUSINESS WIRE)--Mechanics Bancorp (“Mechanics”) (NASDAQ: MCHB) announced today that its subsidiary Mechanics Bank has entered into a definitive agreement to sell its Fannie Mae Delegated Underwriting and Servicing (“DUS”) business line (“DUS Business”) to Fifth Third Bancorp (“Fifth Third”) (NASDAQ: FITB) in an all-cash transaction. Completion of the transaction is subject to Fannie Mae’s approval of Fifth Third as an authorized DUS lender. The DUS Business comprises a sp...

JERSEY CITY, N.J.--(BUSINESS WIRE)--Copper Property CTL Pass Through Trust (the “Trust”) announced today that pursuant to the terms of the Trust’s Purchase and Sale Agreement for the sale of the Trust’s portfolio of remaining properties (as amended, the “Agreement”), the scheduled closing date has been extended to December 22, 2025. Any further extension of the closing date would require the approval of a majority of the Certificateholders. The extension of the scheduled closing date will allow...

BOSTON & SAN FRANCISCO--(BUSINESS WIRE)--Audax Private Equity (“Audax”), a capital partner for middle and lower-middle market companies, announced today that it has completed the sale of Enviromatic Systems, a provider of essential facility services for building management systems (BMS). Chicago-based Wind Point Partners (“Wind Point”) acquired Enviromatic on December 8, 2025. Terms of the deal are not disclosed. Based in Grand Prairie, TX, with more than 275 employees, Enviromatic designs, eng...

LOS ANGELES--(BUSINESS WIRE)--Angeles Equity Partners completes sale of Xanitos to Bessemer Investors....