Divestiture News

PARSIPPANY, N.J.--(BUSINESS WIRE)--B&G Foods, Inc. (NYSE: BGS) announced today that its Board of Directors declared yesterday a quarterly cash dividend of $0.095 per share of common stock. The dividend is payable on July 30, 2026 to stockholders of record as of June 30, 2026. With yesterday’s action, the new intended dividend rate for B&G Foods’ common stock is $0.380 per share per annum. At the closing market price of the common stock on May 11, 2026, the new intended dividend rate rep...

LONDON--(BUSINESS WIRE)--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, today reported financial results for the first quarter ended March 31, 2026. CONSOLIDATED HIGHLIGHTS – FIRST QUARTER 2026 The table below sets forth the select financial results for the three months ended March 31, 2026, and 2025:   Three months ended       March 31,   March...

NEW YORK--(BUSINESS WIRE)--GenNx360 Capital Partners (“GenNx360”), a New York-based private equity firm, has announced the sale of its portfolio company, Precision Aviation Group, Inc. (“PAG” or the “Company”), to VSE Corporation (“VSE”) for a total upfront consideration of approximately $2.025 billion in cash and equity. Founded in 1996 and headquartered in Atlanta, Georgia, PAG is a best-in-class global provider of aviation maintenance, repair and overhaul (“MRO”) services, distribution and s...

NEW YORK--(BUSINESS WIRE)--MidOcean Partners (“MidOcean” or the “Firm”), a premier New York-based alternative asset manager specializing in middle market private equity, alternative credit, and structured equity, announced today the signing of the sale of Questex, LLC (“Questex” or the “Company”) to funds managed by Apollo (NYSE: APO) (“Apollo”). Questex is a leading information services and event platform company focused on the experience economy. The Company connects buyers and sellers across...

ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (Nasdaq: MIDD) today announced that its Food Processing business will operate under the name Midera Food Processing, Inc. (Midera). The launch reflects the continued advancement of Middleby’s Food Processing platform into a more focused, technology-driven organization delivering total line solutions. With a foundation built over decades and a portfolio of more than 30 global brands, Midera is positioned to accelerate innovation and serve cu...

DALLAS--(BUSINESS WIRE)--Affiliates of Paceline Equity Partners, LLC ("Paceline"), a Dallas-based private equity manager, today announced that they have agreed to sell R.E.L.A.M., Inc. ("R.E.L.A.M." or the "Company"), a leading North American lessor of maintenance-of-way (“MOW”) and hi-rail equipment. Financial terms were not disclosed. Since Paceline's acquisition of R.E.L.A.M. – which was completed in conjunction with the acquisition of 1435 Rail to collectively form R.E.L.A.M – the Company u...

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...