Divestiture News

FLORHAM PARK, N.J.--(BUSINESS WIRE)--Conduent Incorporated (Nasdaq: CNDT), a global technology‑driven business solutions and services provider, today announced that it has entered into a definitive agreement to sell its Public Transit business, an operating unit of Conduent Transportation, to Modaxo, a global technology organization focused on moving the world’s people. The Public Transit business consists of Transit Fare Management and Fleet Management Solutions businesses. The sale has a purc...

PORTLAND, Ore. & HONOLULU--(BUSINESS WIRE)--Standard Insurance Company (The Standard) and Pacific Guardian Life announced today a definitive agreement under which The Standard will transition its individual annuities business to Pacific Guardian Life. The Standard and Pacific Guardian Life are both members of the global Meiji Yasuda Life Insurance Company family. The transaction is expected to close in early 2027, subject to regulatory approvals and other customary closing conditions. Pacific G...

NEW YORK & BURLINGTON, Mass.--(BUSINESS WIRE)--KKR and CIRCOR International (“CIRCOR” or the “Company”), a global manufacturer of flow control products for industrial, naval, and aerospace markets, today announced the signing of a definitive agreement to sell CIRCOR Aerospace, the Company’s aerospace division, to Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, for $2.55 billion. Funds managed by KKR first acquired CIRCOR for $1.8 billion in 2023 and...

GREENSBORO, N.C.--(BUSINESS WIRE)--Kontoor Brands, Inc. (NYSE: KTB) today announced it has signed a definitive agreement to sell the Lee® business to Authentic Brands Group (Authentic) for up to $1 billion, including an initial transaction value of $750 million and a $250 million earnout opportunity in future years based on the performance of Lee under Authentic’s ownership. The transaction is subject to required regulatory approvals and customary closing conditions. “The Lee transaction is a d...

BOSTON--(BUSINESS WIRE)--Skillsoft (NYSE: SKIL) (“Skillsoft” or “the Company”), a leading AI-native skills management platform, today announced that it has entered into a definitive agreement to sell its Global Knowledge instructor-led training (“ILT”) business to an affiliate of Enduring Ventures (the “Buyer”). The transaction follows a comprehensive strategic assessment and represents a significant milestone in Skillsoft’s transformation. Skillsoft expects the transaction to deliver three pri...

ROSEMONT, Ill.--(BUSINESS WIRE)--Wynnchurch Capital, L.P. (“Wynnchurch”), a leading middle market private equity firm, is pleased to announce the sale of Ironform Holdings Co. (“Ironform” or the “Company”) to a strategic buyer. Headquartered in Chicago, Illinois, Ironform is one of the largest metal fabricators in North America. Ironform supplies light, medium, and heavy gauge precision metal stampings, fabricated components and value-added assemblies to the agriculture, construction, off-highw...

BASEL, Switzerland--(BUSINESS WIRE)--Syngenta Group announced today the signing of an agreement to divest its Flowers business into a strategic joint venture with Dümmen Orange, bringing together two global players in ornamental breeding and propagation. This partnership represents an important step forward for both organizations as they work together to better serve growers around the world. Both boards of directors have formally approved the deal, and completion of closing is subject to any n...

COCOA, Fla.--(BUSINESS WIRE)--The Presidio Group LLC (“Presidio”), an independent merchant banking firm focused on mergers and acquisitions, capital raising and investments in the automotive retail and consumer mobility sectors, exclusively advised Jackson Automotive Group (“Jackson”) on the sale of Jackson Kia in Cocoa, Fla., and its related real estate, to Jenkins Auto Group (“Jenkins”). The transaction closed May 18. The sale represents a strategic divestiture by Jackson Automotive Group whi...

HAMILTON, Bermuda--(BUSINESS WIRE)--Everest Group, Ltd. (“Everest” or “the Company”) (NYSE: EG), a global specialty reinsurance and insurance leader, today announced a definitive agreement to sell Everest Compañía de Seguros Generales Colombia S.A. to American International Group, Inc. (NYSE: AIG). The transaction builds on Everest’s previously announced sale of its global Commercial Retail Insurance renewal rights to AIG and the sale of its Canada Retail Insurance operations, marking another k...

OMAHA, Neb.--(BUSINESS WIRE)--Boston Omaha Corporation (NYSE:BOC) (“Boston Omaha” or the “Company”) today announced that it has entered into a definitive Securities Purchase Agreement (the “SPA”) to sell its surety insurance business, operated by General Indemnity Group, LLC (“GIG”), to CopperPoint Insurance Company (“CopperPoint”). The transaction is structured as an all-cash transaction under which CopperPoint will acquire all of the outstanding equity interests of GIG. GIG operates its suret...