Divestiture News

LOS ANGELES--(BUSINESS WIRE)--Duncan Solutions, LLC (“Duncan”), a leading provider of technology-enabled transportation revenue management solutions, today announced that it has completed the sale of its non-core, affiliated business Pioneer Credit Recovery, Inc. (“Pioneer”). The sale, along with previously completed divestitures of non-core businesses Pioneer Customer Experience (“PCX”) and Gila earlier in 2026, concludes Duncan’s transformation into a pure-play, end-to-end transportation reve...

BETHESDA, Md.--(BUSINESS WIRE)--Pebblebrook Hotel Trust Completes $10.0 Million Sale of The Hotel Zags...

DALLAS--(BUSINESS WIRE)--Braemar Hotels & Resorts Inc. (NYSE: BHR) (“Braemar” or the “Company”) today provided a portfolio update and announced its financial outlook for full-year 2027. Portfolio Update On July 14, 2026, the Company closed on the sale of the Ritz-Carlton Sarasota, the Hotel Yountville and the Bardessono Hotel and Spa for a total purchase price of $437.5 million ($1.0 million per key). On August 21, 2026, the Company closed on the sale of the Pier House Resort & Spa for...

PARAMUS, N.J.--(BUSINESS WIRE)--Movado Group, Inc. (NYSE: MOV) today announced that it has entered into a binding agreement to sell a 95% interest in its EBEL brand for $66.5 million to a strategic buyer group led by Montres Journe SA (“Montres Journe”), a Geneva-based luxury watch manufacturer, with the participation of Chanel (“Chanel”), the luxury house, and Pierre Jacques, a renowned figure in the Swiss watch industry, who will serve as Chief Executive Officer of EBEL. The transaction is su...

BETHESDA, Md.--(BUSINESS WIRE)--First Washington Realty (“FWR”), a vertically integrated, institutional real estate investment firm focused on high-quality grocery-anchored and necessity-based shopping centers, today announced the sale of two fully leased, Publix-anchored shopping centers – Airpark Plaza and The Shoppes at Quail Roost – to Publix Super Markets, Inc (“Publix”). Both shopping centers are in Miami, Florida. Airpark Plaza is a 171,443-square-foot shopping center located near Miami...

HOUSTON--(BUSINESS WIRE)--HESS MIDSTREAM LP ANNOUNCES TRANSFORMATIVE TRANSACTION LEADING TO NEW INDEPENDENT MULTI-BASIN MIDSTREAM COMPANY...

HOUSTON--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) announced today that several of its subsidiaries have entered into a series of definitive agreements with Hess Midstream LP (NYSE: HESM) to restructure the terms of its Bakken midstream contracts and establish new DJ Basin midstream contracts. The revised agreements extend the Bakken contracts and are expected to reduce Chevron's Bakken unit midstream costs by approximately 50%, enhancing future earnings and return on capital employed. I...

CALGARY, Alberta--(BUSINESS WIRE)--Waterous Energy Fund Management Corp. (the "WEF Manager"), in its capacity as manager of certain limited partnerships, including but not limited to, Waterous Energy Fund (US) LP ("Fund I US LP", and together with Waterous Energy Fund (Canadian) LP, Waterous Energy Fund (International) LP and Waterous Energy Fund II Aggregator LP and certain other entities managed by the WEF Manager, the "WEF Funds"), today announced that Fund I US LP has completed a share pass...

FORT WORTH, Texas--(BUSINESS WIRE)--Brazos Midstream (“Brazos”) today announced the closing of the previously announced sale of its Midland Basin natural gas gathering and processing assets to ONEOK, Inc. (NYSE: OKE) for $4.425 billion. Over the last four years, Brazos has significantly expanded its Midland Basin operations, building one of the region’s premier natural gas gathering and processing platforms. Supported by long-term relationships with leading producers, the system includes approx...

MINNEAPOLIS--(BUSINESS WIRE)--Xcel Energy (NASDAQ: XEL), SEMCO ENERGY Gas Company (SEMCO) and Upper Peninsula Power Company (UPPCO) today announced the sale of Xcel Energy’s Michigan natural gas operations to SEMCO and electric operations to UPPCO.If approved by regulators, Xcel Energy’s 6,000 natural gas customers will be served by SEMCO, and 9,000 electric customers will be served by UPPCO. Together, these customers in Gogebic and Ontonagon counties will transition to providers with deep local...