Divestiture News

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced financial results for its first quarter ended March 31, 2026. “I am encouraged by the significant number of new awards we secured in recent months across diverse markets, including gas-fueled and nuclear power, refining, data centers, mining, and uranium enrichment. Our pipeline of work is expanding, and we see compelling opportunities across each of our core markets,” said Jim Breuer, Fluor’s Chief Executive Officer. “The...

LONDON & SÃO PAULO--(BUSINESS WIRE)--IHS Fiber Brasil – Cessão de Infraestruturas Ltda, part of IHS Holding Limited (NYSE: IHS) (“IHS Towers” or the “Company”), one of the largest independent owners, operators and developers of shared communications infrastructure in the world by tower count, has completed the sale, as announced on February 11, 2026, of its 51% stake in I-Systems Soluções de Infraestrutura S.A. (“I-Systems”), a specialist provider of shared optical fiber networks in Brazil, to...

LOS ANGELES--(BUSINESS WIRE)--Atar Capital, a Los Angeles-based global private investment firm, today announced the successful sale of its affiliate, Keypoint Intelligence (KPI) to Total Specific Solutions (TSS), an operating group of Constellation Software Inc. Financial terms of the transaction were not disclosed. Under Atar Capital's ownership, Keypoint Intelligence was transformed into a robust market intelligence, testing, and advisory platform serving manufacturers, dealers, and enterpris...

WILMINGTON, Mass.--(BUSINESS WIRE)--Charles River Laboratories Announces First-Quarter 2026 Financial Results...

RALEIGH, N.C.--(BUSINESS WIRE)--Vontier Corporation (NYSE: VNT), a leading global provider of critical technologies and solutions to connect, manage and scale the mobility ecosystem, today announced a definitive agreement to sell a majority of Teletrac Navman, its global telematics and asset management business to private equity firm, Respida Capital, for a purchase price that values the business at $220 million. Vontier will receive $80 million in cash, with the remainder comprised of an inter...

NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced that it has agreed to sell approximately 25 million shares of common stock of Corebridge Financial, Inc. (NYSE: CRBG), representing its remaining stake in the company. The sale, which is expected to close on May 7, will result in net proceeds to AIG of approximately $710 million. Peter Zaffino, Chairman & CEO, AIG, said, “Today’s sale of our remaining stake in Corebridge marks the culmination of a five...

WALTHAM, Mass.--(BUSINESS WIRE)--Revvity, Inc. (NYSE: RVTY), today reported financial results for the first quarter ended April 5, 2026. The Company reported GAAP earnings per share from continuing operations of $0.37, as compared to $0.35 in the same period a year ago. Revenue for the quarter was $711 million, as compared to $665 million in the same period a year ago. GAAP operating income from continuing operations for the quarter was $76 million, as compared to $72 million for the same perio...

NEW YORK--(BUSINESS WIRE)--KKR, a leading global investment firm, and XPV Water Partners, a leading water-focused investment firm, today announced the signing of a definitive agreement to sell Axius Water (“Axius”) to CRH, a leading building materials company. Formed in 2019 by KKR and XPV to unify high-potential companies across nutrient management, Axius has grown into a global leader in advanced water quality solutions. "As pressures on global water systems intensify, water quality challenge...

HOUSTON--(BUSINESS WIRE)--Helix Energy Solutions Group, Inc. (“Helix”) (NYSE: HLX) announced today the sale of all of the equity interests of its Gulf of America-focused Shallow Water Abandonment business to C-Dive, LLC, a member of the Chouest group of companies, for $107.5 million cash at closing, to be adjusted for working capital and other transaction expenses. The divestiture, which was signed and closed May 1, follows Helix’s recent announcement of its entry into a definitive agreement wi...

DENVER--(BUSINESS WIRE)--Seneca Capital Partners (“Seneca”), a Denver-based private equity firm, is pleased to announce the successful disposition of all portfolio real estate assets held by Seneca Capital Income Real Estate Fund II, L.P. (“SCIRE Fund II” or the “Fund”), representing approximately $120,000,000 in aggregate transaction value. SCIRE Fund II was strategically assembled to acquire and operate a diversified portfolio of income-producing real estate assets, with a focus on durable ca...