Divestiture News

ATLANTA--(BUSINESS WIRE)--Corpay, Inc. (NYSE: CPAY), the corporate payments company, today announced it is divesting one of its legacy lower growth private label fuel card portfolios. Corpay expects to receive approximately $60 million in proceeds from the divestiture and free up approximately $35 million of working capital. Corpay plans to redeploy the capital towards its acquisition of Alpha Group International plc. “This transaction is consistent with our plan to remix our portfolio towards...

DALLAS--(BUSINESS WIRE)--Rising Phoenix Royalties announced the closing of a strategic divestiture in the DJ Basin...

CHICAGO--(BUSINESS WIRE)--Cresco Labs Announces Strategic Restructuring and Plans to Divest California Operations...

LANSING, Mich.--(BUSINESS WIRE)--Neogen Corporation (NASDAQ: NEOG), a global leader in food safety solutions, announced today it has completed the divestiture of its global cleaners and disinfectants business to Kersia Group for $130 million in cash at closing, plus contingent consideration tied to future performance of the business. “The completion of this transaction marks an important step forward in simplifying and enhancing the strategic focus on our core business,” said John Adent, Presid...

DENVER--(BUSINESS WIRE)--Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) (“Newmont” or the “Company”) is pleased to announce that it has executed agreements for the sale of shares in Greatland Resources Limited (“Greatland”) and Discovery Silver Corp (“Discovery”) for aggregate cash consideration of approximately $470 million, net of taxes and commissions. In February 2024, Newmont announced its intent to divest certain high-quality non-core assets, building an unparalleled portf...

BOISE, Idaho & LOS ANGELES--(BUSINESS WIRE)--TELEO Capital today announced the successful sale of Paxia, Inc. to investment funds managed by Liberty Hall Capital Partners....

CHANTILLY, Va.--(BUSINESS WIRE)--As first announced on 2 July 2025, Hexagon US Federal, a mission-driven leader in advanced technology solutions for government and industry partners divested of its Strategic Services & Solutions (HS3) business to Bart & Associates (B&A). This asset transaction represents a deliberate step toward streamlining operations and aligning the company with its long-term vision to deliver cutting-edge software, hardware, and value-added products supporting d...

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Broadband Corporation Announces When-Issued Trading and Ex-Dividend Date Information in Connection with Upcoming Spin-Off of GCI Liberty, Inc....

SAN FRANCISCO--(BUSINESS WIRE)--EarnUp, a fintech company committed to helping Americans achieve financial wellness through intelligent loan payment automation, today announced the sale of its AI Advisor technology assets to BECU. BECU is a leading depository institution with over $29 billion in assets. EarnUp will use the proceeds of the transaction to accelerate the development of its next-generation debt management platform. EarnUp provides payment solutions to seven of the 25 largest U.S. b...

INDIANAPOLIS--(BUSINESS WIRE)--HKW, a middle-market private equity firm focused on growth-oriented companies, has sold Technical Toolboxes Powertools, Inc. (“Technical Toolboxes”) to BVP Forge, a private equity firm for growth-oriented, self-sustaining technology and services businesses. As part of the transaction, Theatre Capital LLC, a middle-market investor in technology companies, also sold its stake in the company. Technical Toolboxes, headquartered in Houston, Texas, provides cloud-based...