Tracked deals
298
298 tracked deals across 2023.
Divestitures in 2023
Buyer mix
Strategic-led
261 strategic · 77 pe
Top trend
Volume peaked in 2024
436 tracked deals announced in 2024.
Buyer Snapshot
Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Easy Ice | 3 | National provider of all-inclusive commercial ice machine... | Strategic |
| Hub International Limited | 3 | Global insurance brokerage and financial services firm of... | Strategic (PE-backed) |
| Global Partners LP | 2 | Independent owner, supplier and operator of gasoline stat... | Strategic |
| Graycliff Partners LP | 2 | Investment firm providing unitranche and subordinated deb... | PE |
| Improving Payments | 2 | Payment solutions consultancy that streamlines and manage... | Strategic |
| Indiana American Water | 2 | State subsidiary of American Water providing regulated wa... | Strategic |
| KKR | 2 | Global investment firm providing alternative asset manage... | PE |
| Macquarie Asset Management | 2 | Global asset manager and investor with a specialist Green... | PE |
| Platinum Equity | 2 | Global private equity firm that acquires and operates com... | PE |
| Regent | 2 | Private investment firm focused on transforming and opera... | PE |
Acquisition Volume in Divestitures in 2023 by Year
Last 10 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
December 31, 2023
- Buyer
- The McGowan Companies, McGowan Consolidated Insurance Holdings Group, Inc.
- Target
- Parks Plus Underwriting Agency, LLC, Intersure Insurance Brokers Corp.
- Seller
- Parks Plus Underwriting Agency, LLC, Intersure Insurance Brokers Corp.
- Industry
- Insurance
- Location
- United States
- Type
- Divestiture
The McGowan Companies acquired certain assets of Parks Plus Underwriting Agency, LLC and Intersure Insurance Brokers Corp., effective December 31, 2023, under an asset purchase agreement. The acquisition brings a national program manager specializing in complex Property and Inland Marine risks for the amusement and entertainment industry into McGowan’s portfolio while retaining Parks Plus/Intersure staff under existing leadership.
-
December 29, 2023
- Buyer
- Macquarie Asset Management
- Target
- Enel Green Power Hellas
- Seller
- Enel Group
- Industry
- Renewable Energy
- Location
- Greece
- Type
- Divestiture
Macquarie Asset Management, on behalf of co-investors and managed funds, has acquired a 50% stake in Enel Green Power Hellas from Enel Group for approximately €250 million. The deal covers a 566 MW portfolio of onshore wind, solar and hydropower projects in operation or under construction in Greece and establishes a joint venture to accelerate development, storage and hybrid solutions across the company's pipeline.
-
December 28, 2023
- Buyer
- HawkEye 360
- Target
- RF Solutions
- Seller
- Maxar Intelligence
- Industry
- Aerospace & Defense
- Location
- Colorado, United States
- Type
- Divestiture
Herndon-based HawkEye 360 has acquired RF Solutions, a Westminster, Colorado business unit formerly part of Maxar Intelligence. The deal, a divestiture of Maxar's RF Solutions assets, adds two on-orbit satellites, IP, a data archive and about 11 employees to HawkEye 360, expanding its RF-spectrum scanning and analytics capabilities.
-
December 27, 2023
- Buyer
- Alliance Technical Group
- Target
- Chemtech Consulting Group, Inc., Air testing operations of Civil & Environmental Consultants, Inc. (Air Source Testing Group)
- Seller
- Civil & Environmental Consultants, Inc.
- Industry
- Environmental Services
- Location
- United States
- Type
- Divestiture
Alliance Technical Group acquired Chemtech Consulting Group, Inc. (Mountainside, New Jersey) and the air testing operations of Civil & Environmental Consultants, Inc. (locations in St. Louis, Charlotte and Knoxville) to expand its laboratory and air emissions testing capabilities and geographic footprint. The air testing carve‑out was a divestiture by CEC (advised by AEC Advisors); Alliance said the deals broaden its service coverage across key U.S. markets.
-
December 26, 2023
- Buyer
- Skyhorse Publishing
- Target
- Regnery Publishing
- Seller
- Salem Media Group
- Industry
- Media & Entertainment
- Location
- District of Columbia, United States
- Type
- Divestiture
Skyhorse Publishing has agreed to acquire Regnery Publishing from Salem Media Group, with the transaction expected to close by year-end. Salem said the sale will place the longtime conservative publisher under Skyhorse’s stewardship, while Skyhorse plans to absorb Regnery’s more than 1,500 titles into its catalogue and operate Regnery as an imprint.
-
- Buyer
- Global Partners LP
- Target
- 25 liquid energy terminals (from Motiva Enterprises LLC)
- Seller
- Motiva Enterprises LLC
- Industry
- Oil & Gas
- Location
- United States
- Type
- Divestiture
Global Partners LP completed the acquisition of 25 liquid energy terminals from Motiva Enterprises LLC for $305.8 million in cash, supported by a 25-year take-or-pay throughput agreement with Motiva. The purchase nearly doubles Global's U.S. terminal footprint, expanding access to marine loading facilities and major refined-product pipelines to strengthen its supply, storage and retail network.
-
December 20, 2023
- Buyer
- Hub Group, Inc.
- Target
- Forward Air Final Mile (FAFM)
- Seller
- Forward Air Corporation
- Industry
- Logistics & Distribution
- Location
- United States
- Type
- Divestiture
Hub Group, Inc. acquired Forward Air Final Mile (FAFM), a subsidiary of Forward Air Corporation, for $262 million in cash. FAFM — a residential final-mile delivery and appliance installation provider with 46 company-operated facilities and $289 million of trailing-12-month revenue — will operate under the Hub Group Final Mile brand and expand Hub Group’s appliance delivery and installation capabilities.
-
December 18, 2023
- Buyer
- Schweiger Dermatology Group
- Target
- Millburn Laser Center, Scherl Dermatology
- Seller
- NavaDerm Partners, BelHealth Investment Partners, LLC
- Industry
- Healthcare Services
- Location
- New Jersey, United States
- Type
- Divestiture
Schweiger Dermatology Group (SDG) has acquired NavaDerm Partners' New Jersey practices — Millburn Laser Center and Scherl Dermatology — from NavaDerm, a portfolio company of BelHealth Investment Partners. Terms were not disclosed; Brown Gibbons Lang & Company served as exclusive financial advisor to NavaDerm. The transaction expands SDG's East Coast footprint and provider network.
-
December 15, 2023
- Buyer
- Onoré (formerly Boncolac), Waterland (backer)
- Target
- Cakesmiths
- Seller
- LDC
- Industry
- Food & Beverage
- Location
- England, United Kingdom
- Type
- Divestiture
French bakery group Onoré (formerly Boncolac), backed by private equity firm Waterland, has agreed to acquire Bristol-based artisan cake manufacturer Cakesmiths from LDC. The deal sees LDC exit after a two-year partnership in which Cakesmiths nearly trebled revenue and grew headcount to more than 200 employees; the acquisition will support Onoré's plans to expand its European footprint.
-
December 15, 2023
- Buyer
- Improving Payments
- Target
- Science of Sales
- Seller
- Science of Sales
- Industry
- Payments & Fintech
- Location
- New York, United States
- Type
- Divestiture
Improving Payments has acquired the client portfolio of New York-based payment processor Science of Sales to expand its payment solutions offering and deepen relationships with underserved merchant segments. The portfolio acquisition broadens Improving Payments' merchant base and supports its strategy to connect businesses to appropriate clearing houses while delivering personalized payment support.
-
December 14, 2023
- Buyer
- Mainfactor Inc.
- Target
- Gimme Radio Inc.
- Seller
- Gimme Radio Inc.
- Industry
- E-Commerce
- Location
- California, United States
- Type
- Divestiture
Philadelphia-based Mainfactor Inc. acquired the e-commerce-related sites and assets of Gimme Radio Inc., purchasing the non-core D2C and merch businesses while Gimme retains its streaming music operations. Mainfactor plans to relaunch and operate the Gimme Metal store immediately and to bring back Gimme Country and Gimme Hip-Hop storefronts in early 2024 to expand its music-focused D2C offering.
-
December 14, 2023
- Buyer
- Cohere Capital, Graycliff Partners LP, Brookside Capital Partners
- Target
- Phaedon
- Seller
- ICF Next, ICF International (ICFI)
- Industry
- Marketing & Advertising
- Location
- Minnesota, United States
- Type
- Divestiture
Cohere Capital has acquired Phaedon, the former U.S. Commercial Engagement division of ICF Next/ICF International, creating a standalone, technology-enabled digital engagement and loyalty business. Graycliff Partners provided a unitranche debt financing and equity co-investment to support the deal, with Brookside Capital Partners investing alongside Graycliff.
-
December 12, 2023
- Buyer
- Paradigm Equity Partners
- Target
- E&R Industrial Sales, Inc.
- Seller
- W.W. Grainger, Inc.
- Industry
- Industrial Services
- Location
- Michigan, United States
- Type
- Divestiture
W.W. Grainger, Inc. has sold its subsidiary E&R Industrial Sales, Inc. to Paradigm Equity Partners. Terms were not disclosed; Grainger said the sale lets it focus on its core MRO business while E&R will pursue growth under Paradigm's ownership.
-
- Buyer
- Adapture Renewables, Inc.
- Target
- Three solar projects (333 MWac / 450 MWdc) in MISO — Illinois & Arkansas (acquired from TED Renewables)
- Seller
- TED Renewables (Tyr Energy Development Renewables, LLC)
- Industry
- Renewable Energy
- Location
- Illinois; Arkansas, United States
- Type
- Divestiture
Adapture Renewables has acquired three pre-construction solar projects in MISO (Illinois and Arkansas) from TED Renewables, adding 333 MWac / 450 MWdc to its portfolio. The transaction expands Adapture's presence into Illinois and Arkansas, more than doubling its operating portfolio to roughly 800 MWdc and advancing the projects toward commercial operation in 2025–2026.
-
December 7, 2023
- Buyer
- Hub International Limited
- Target
- Longbow Financial Services, LLC
- Seller
- Longbow Financial Services, LLC, Michael Furrer
- Industry
- Wealth Management
- Location
- Washington, United States
- Type
- Divestiture
Hub International Limited acquired the assets of Longbow Financial Services, LLC, a Spokane-based financial consulting firm specializing in corporate retirement planning and individual wealth. The Longbow team, led by founder Michael Furrer, will join Hub Northwest as part of Hub's strategy to expand its retirement and private wealth capabilities in the Pacific Northwest; terms were not disclosed.
-
- Buyer
- Honor Health Network, Webster Equity Partners, RHA Health Services, Blue Wolf Capital
- Target
- Just Home Healthcare Services
- Seller
- H.I.G. Growth Partners
- Industry
- Healthcare Services
- Location
- New Jersey, United States
- Type
- Divestiture
H.I.G. Growth Partners completed the sale of its portfolio company Just Home Healthcare Services (JHC) in two transactions: the Personal Home Care and Adult Day Health segments were sold in April 2023 to Honor Health Network (backed by Webster Equity Partners), and the Group Home and Independent Living Program segments were sold in October 2023 to RHA Health Services (backed by Blue Wolf Capital). H.I.G. acquired JHC in January 2017 and during its hold the company expanded group home capacity, grew home-care census hours and materially improved revenue and EBITDA prior to the divestitures.
-
December 6, 2023
- Buyer
- imaware
- Target
- binx health (consumer testing business)
- Seller
- binx health
- Industry
- Healthcare Services
- Location
- Massachusetts, United States
- Type
- Divestiture
imaware has acquired binx health's at-home consumer testing business in a deal that expands imaware's test menu and strengthens its position in the home-health testing market. binx health will retain its point-of-care molecular diagnostics business, which was excluded from the transaction.
-
December 6, 2023
- Buyer
- American Industrial Partners Capital Fund VII (AIP Fund VII)
- Target
- Veoneer Restraint Control Systems business
- Seller
- SSW Partners LP
- Industry
- Automotive
- Location
- Michigan, United States
- Type
- Divestiture
American Industrial Partners Capital Fund VII (AIP Fund VII) has acquired Veoneer’s Restraint Control Systems business from SSW Partners LP. The transaction, announced December 6, 2023 and completed March 1, 2024, completes the disposition of Veoneer’s original business lines and provides a standalone platform for long-term growth under AIP ownership.
-
December 4, 2023
- Buyer
- TeleCloud
- Target
- DiRAD (Nextphone customer base)
- Seller
- DiRAD Technologies
- Industry
- Telecommunications
- Location
- New York, United States
- Type
- Divestiture
TeleCloud, a Morristown, New Jersey–based cloud telecommunications provider, has acquired the Nextphone customer base from DiRAD, expanding its footprint in cloud-based phone and unified communications services. The deal transfers DiRAD’s Nextphone clients to TeleCloud as the company seeks to grow its SMB-focused managed communications business and extend its 24/7 white-glove support offering.
-
- Buyer
- Marex
- Target
- Cowen's prime brokerage and outsourced trading business
- Seller
- Cowen
- Industry
- Financial Services
- Location
- New York, United States
- Type
- Divestiture
Marex has completed the acquisition of Cowen's prime brokerage and outsourced trading business, adding roughly 160 employees across eight global offices along with clearing counterparties and trading/reporting technologies. The business will join Marex Capital Markets and continue to be led by Jack Seibald and Mike Rosen as part of Marex's effort to expand its prime services, execution and multi-asset clearing capabilities globally.
-
December 1, 2023
- Buyer
- Orlandi, Inc.
- Target
- Aroma Release Technology, Inc. (consumer products sampling and fragrance coatings business)
- Seller
- Aroma Release Technology, Inc.
- Industry
- Consumer Products
- Location
- Tennessee, United States
- Type
- Divestiture
Orlandi, Inc. has acquired the consumer products sampling and fragrance coatings business of Tennessee-based Aroma Release Technology, Inc. The deal transfers ART's sampling and fragrance coatings product line to Orlandi and includes a new Orlandi lease in Chattanooga to support ongoing manufacturing and laboratory operations.
-
- Buyer
- CF Industries Holdings, Inc.
- Target
- Waggaman ammonia production facility
- Seller
- Incitec Pivot Limited
- Industry
- Manufacturing
- Location
- Louisiana, United States
- Type
- Divestiture
CF Industries Holdings, Inc. completed the acquisition of Incitec Pivot Limited's Waggaman, Louisiana ammonia production facility and related assets for $1.675 billion, with approximately $425 million allocated to a long-term ammonia offtake agreement. CF Industries will supply up to 200,000 tons per year to IPL’s Dyno Nobel business, expects operational and logistics optimization from integrating the site, and plans to accelerate carbon capture and sequestration projects to increase low‑carbon ammonia production.
-
November 30, 2023
- Buyer
- HCA Healthcare, Inc.
- Target
- SignatureCare Emergency Center
- Seller
- SignatureCare Emergency Center and its affiliates
- Industry
- Healthcare Services
- Location
- Texas, United States
- Type
- Divestiture
HCA Healthcare has purchased a network of eleven free-standing emergency departments (FSEDs) in the greater Houston area from SignatureCare Emergency Center and its affiliates. Dinan Capital Advisors served as exclusive financial advisor to SignatureCare; SignatureCare will continue operating FSED networks outside Houston after the sale.
-
November 29, 2023
- Buyer
- Paste Magazine
- Target
- Jezebel
- Seller
- G/O Media
- Industry
- Media & Entertainment
- Location
- New York, United States
- Type
- Divestiture
Paste Magazine has acquired the online cultural and feminist site Jezebel from G/O Media and plans to relaunch the brand. The purchase brings Jezebel into Paste’s portfolio as part of a strategic effort to expand its cultural journalism reach and preserve Jezebel’s editorial voice.
-
November 28, 2023
- Buyer
- Arcade Beauty
- Target
- TruEssence (ORLANDI product line)
- Seller
- ORLANDI
- Industry
- Packaging
- Location
- New York, United States
- Type
- Divestiture
Arcade Beauty has acquired ORLANDI's TruEssence product line, including laboratory and slurry production equipment and related intellectual property, as ORLANDI exits the scented strips category. Arcade Beauty also entered a strategic lease for a Chattanooga, Tennessee facility to consolidate laboratory and slurry production; ORLANDI will focus on other sampling technologies and scented retail products.
-
November 27, 2023
- Buyer
- TJC, L.P. (The Jordan Company), Resolute Fund VI, L.P. (affiliate)
- Target
- Commercial Aviation Solutions (CAS) / Acron Aviation
- Seller
- L3Harris Technologies
- Industry
- Aerospace & Defense
- Location
- Florida, United States
- Type
- Divestiture
An affiliate of The Resolute Fund VI (managed by TJC, L.P.) has closed the acquisition of L3Harris Technologies' Commercial Aviation Solutions (CAS) business for $800 million in cash. The CAS business — comprising an Avionics manufacturing unit and a Commercial Training Solutions unit — will operate under the new name Acron Aviation and serves commercial, business/regional and military aviation customers worldwide. The sale represents L3Harris' divestiture of a commercial-focused unit to focus on its core defense operations.
-
November 24, 2023
- Buyer
- Danelec
- Target
- Nautilus Labs (technology platform)
- Seller
- Nautilus Labs
- Industry
- Transportation
- Location
- New York, United States
- Type
- Divestiture
Copenhagen-based Danelec has acquired the AI-based technology platform from New York-based Nautilus Labs to combine Danelec’s onboard data capture hardware and install base with Nautilus Labs’ fleet-performance analytics. The deal adds vessel optimization and advanced machine-learning analytics to Danelec’s offering, while the Nautilus platform will continue to operate and support existing customers under Danelec ownership.
-
November 22, 2023
- Buyer
- Soil Nail Holdings, KKR
- Target
- Ideal Fencing Corp.
- Seller
- U.S. Fence Solutions Company, LLC, Building Industry Partners LLC
- Industry
- Construction
- Location
- Colorado, United States
- Type
- Divestiture
Soil Nail Holdings, an investment platform affiliated with KKR, has acquired Ideal Fencing Corp. from U.S. Fence Solutions, a portfolio company of Building Industry Partners. Ideal, based in Erie, Colorado, is a fabricator and installer of highway and bridge guardrail, chain-link, and iron fencing and employs a team of just over 50 people.
-
Morgan Stanley Infrastructure Partners to Acquire Majority Stake in UltraEdge from Altice France/SFRNovember 21, 2023
- Buyer
- Morgan Stanley Infrastructure Partners (MSIP)
- Target
- UltraEdge
- Seller
- Altice France S.A., SFR S.A.
- Industry
- Infrastructure
- Location
- Île-de-France, France
- Type
- Divestiture
Morgan Stanley Infrastructure Partners (MSIP) has entered into an exclusivity agreement to acquire a majority interest in UltraEdge, a portfolio of 257 distributed data centers being carved out from SFR (a subsidiary of Altice France). The deal, subject to regulatory approvals, will create the first nationwide independent edge colocation provider in France and MSIP will partner with Altice France to upgrade infrastructure and increase density to capture rising demand for ultra-low latency connectivity.
-
November 20, 2023
- Buyer
- Sponsor Capital
- Target
- Fonecta, OIKIO Digital Performance Agency, 020202 Palvelut, 02 Taksi, 020202 Solutions
- Seller
- Funds advised by Triton
- Industry
- Marketing & Advertising
- Location
- Finland
- Type
- Divestiture
Sponsor Capital has agreed to acquire Fonecta (including group companies OIKIO, 020202 Palvelut, 02 Taksi and 020202 Solutions) from funds advised by Triton. Terms were not disclosed; the transaction is subject to customary regulatory approvals and Fonecta's management will remain in place and invest in the business.
-
November 16, 2023
- Buyer
- Arthur J. Gallagher & Co.
- Target
- Coverys Insurance Services (retail agency business)
- Seller
- Coverys Insurance Services
- Industry
- Insurance
- Location
- Michigan, United States
- Type
- Divestiture
Arthur J. Gallagher & Co. acquired certain assets of the retail agency business of Coverys Insurance Services, an East Lansing, Michigan-based insurance broker specializing in medical malpractice and professional liability. Terms were not disclosed and the Coverys Insurance Services team will remain in East Lansing under the direction of Ryan Isaacs as part of Gallagher's Midwest retail P/C brokerage operations.
-
- Buyer
- Carpenter Co.
- Target
- NCFI Polyurethanes - Consumer Products Division
- Seller
- NCFI Polyurethanes
- Industry
- Manufacturing
- Location
- North Carolina, United States
- Type
- Divestiture
Carpenter Co., a Richmond, Virginia–based manufacturer of polyurethane foams, has agreed to acquire the flexible foam assets of NCFI Polyurethanes' Consumer Products Division in Mount Airy, North Carolina. The deal expands Carpenter's engineered-foams capacity and complements its existing operations in Conover, North Carolina, while adding product lines serving furniture, mattress, aerospace, marine and medical markets.
-
November 15, 2023
- Buyer
- Standard Solar
- Target
- 12-megawatt community solar project portfolio (Chatham and Kilmarnock, Virginia)
- Seller
- New Leaf Energy
- Industry
- Energy
- Location
- Virginia, United States
- Type
- Divestiture
Standard Solar, a Brookfield Renewable company, has acquired a 12-megawatt community solar project portfolio in Virginia from New Leaf Energy, comprising one project in Chatham and two in Kilmarnock. The projects — including over 7 MW allocated to low- and moderate-income customers in Kilmarnock — are expected to generate about 19,811 MWh annually and mark Standard Solar's entry into Virginia's community solar market.
-
November 15, 2023
- Buyer
- Class Valuation
- Target
- Valuation Connect
- Seller
- Mortgage Connect LP
- Industry
- Financial Services
- Location
- Pennsylvania, United States
- Type
- Divestiture
Class Valuation, a national appraisal management company headquartered in Troy, Michigan, has acquired Valuation Connect, an appraisal management subsidiary of Mortgage Connect LP. The acquisition (a divestiture by Mortgage Connect) is intended to strengthen Class Valuation's appraisal capabilities, expand its retail presence, and accelerate development of appraisal technology and modernization products.
-
November 14, 2023
- Buyer
- Centre Lane Partners
- Target
- Instant Brands Appliances
- Seller
- Instant Brands
- Industry
- Consumer Products
- Location
- Illinois, United States
- Type
- Divestiture
An affiliate of Centre Lane Partners completed the acquisition of the Appliances Division of Instant Brands on November 8, 2023, acquiring the maker of the Instant Pot out of Instant Brands' Chapter 11 process. The transaction, financed by MidCap Financial and advised by Jones Day, provides a recapitalization for the division and positions Instant Brands Appliances (headquartered in Downers Grove, Illinois) for product and growth initiatives under Centre Lane ownership.
-
November 13, 2023
- Buyer
- Arch U.S. MI Holdings (Arch MI)
- Target
- RMIC Companies, Inc.
- Seller
- Old Republic International Corporation
- Industry
- Insurance
- Location
- North Carolina, United States
- Type
- Divestiture
Arch U.S. MI Holdings (Arch MI), a subsidiary of Arch Capital Group Ltd., has signed a definitive agreement to acquire RMIC Companies, Inc. and its subsidiaries, the run-off mortgage insurance business of Old Republic International Corporation. RMIC's approximately $1.0 billion risk-in-force portfolio will be integrated into Arch MI's U.S. primary mortgage portfolio; the transaction is expected to close in the first half of 2024, subject to regulatory approval.
-
November 9, 2023
- Buyer
- 160 Driving Academy
- Target
- National Tractor Trailer School (NTTS)
- Seller
- Swift Transportation
- Industry
- Education
- Location
- New York, United States
- Type
- Divestiture
160 Driving Academy acquired the National Tractor Trailer School (NTTS) campuses in Buffalo and Liverpool, New York from Swift Transportation, reopening the locations and resuming student enrollment after NTTS had previously closed. The deal expands 160 Driving Academy's footprint in upstate New York (joining its Rochester campus) as the company continues national growth of its CDL training network.
-
November 9, 2023
- Buyer
- TI Fluid Systems
- Target
- Cascade Engineering Europe
- Seller
- Cascade Engineering, Inc.
- Industry
- Automotive
- Location
- Hungary
- Type
- Divestiture
TI Fluid Systems has acquired Cascade Engineering Europe (CEE), the Budapest‑based plastics and thermal fluid connector business, from Cascade Engineering, Inc. CEE — a designer and manufacturer of complex injection‑molded automotive thermal fluid connectors with ~300 employees — will be integrated into TI Fluid Systems to expand its thermal connector capabilities and support growth in electric vehicle applications. Angle Advisors acted as exclusive M&A advisor to Cascade Engineering in the transaction.
-
November 7, 2023
- Buyer
- Full Sail IP Partners
- Target
- Revere Ware
- Seller
- Instant Brands
- Industry
- Consumer Products
- Location
- United States
- Type
- Divestiture
Full Sail IP Partners, an intellectual property investment firm backed by Warburg Pincus, has acquired the Revere Ware brand from Instant Brands. Full Sail plans to rebuild and expand the Revere Ware product line through strategic licensing partnerships, a new website and increased retail and e-commerce presence.
-
November 7, 2023
- Buyer
- Improving Payments
- Target
- Merchantology agent portfolio
- Seller
- Merchantology
- Industry
- Payments & Fintech
- Location
- United States
- Type
- Divestiture
Improving Payments has acquired the agent portfolio of Merchantology to expand its merchant revenue stream and broaden its payments footprint across the USA. The asset purchase is intended to simplify payment processes for merchants and add recurring processing volume to Improving Payments' business.
-
- Buyer
- Platinum Equity
- Target
- Kohler Energy
- Seller
- Kohler Co.
- Industry
- Energy
- Location
- Wisconsin, United States
- Type
- Divestiture
Platinum Equity has closed the transaction to acquire a majority interest in Kohler Energy from Kohler Co., establishing Kohler Energy as an independent, standalone business. Kohler Co. remains an investment partner, Brian Melka will serve as CEO and David Kohler will sit on the board; financial terms were not disclosed. Platinum Equity said it will invest in growth and operational initiatives to accelerate Kohler Energy's position in the global energy resilience market.
-
November 5, 2023
- Buyer
- H&E Equipment Services
- Target
- Giffin Equipment
- Seller
- Giffin Equipment
- Industry
- Industrial Services
- Location
- California, United States
- Type
- Divestiture
H&E Equipment Services acquired the equipment rental assets of California-based Giffin Equipment, including three rental branches in Ventura, Goleta and Santa Maria and a rental fleet with an original equipment cost of about $13.4 million. The deal expands H&E's branch density and fleet coverage in central and southern California; The Stansberry Firm represented Giffin in the transaction.
-
November 3, 2023
- Buyer
- Hub International Limited
- Target
- Franklin Financial Group, LLC, Franklin Investment Group, LLC
- Seller
- Franklin Financial Group, LLC, William Franklin, Haswell Franklin Jr., James Franklin, Henry Franklin
- Industry
- Wealth Management
- Location
- Maryland, United States
- Type
- Divestiture
Hub International Limited has acquired the assets of Franklin Financial Group, LLC and Franklin Investment Group, LLC, expanding Hub’s employee benefits, retirement and wealth management presence in the Baltimore/Hunt Valley, Maryland area. The Franklin principals and team will join Hub Mid-Atlantic; terms were not disclosed and MarshBerry served as financial advisor to Franklin Financial Group.
-
November 3, 2023
- Buyer
- Treehouse
- Target
- Origins Analytics
- Industry
- Data & Analytics
- Location
- England, United Kingdom
- Type
- Divestiture
Treehouse, a Singapore-based digital assets data firm, acquired the intellectual property of Origins Analytics to expand its NFT analytics capabilities and integrate Origins’ tools (AlphaStream, NFT Analytics Bots, Wallet Profiling API) into its Hyperion product. Origins’ founding team will join Treehouse; the asset purchase strengthens Treehouse’s NFT product offering and signals capability expansion into NFT/on-chain analytics.
-
- Buyer
- Noramco
- Target
- Cambrex Drug Product Business Unit (formerly Halo Pharmaceuticals)
- Seller
- Cambrex
- Industry
- Pharmaceuticals
- Location
- New Jersey, United States
- Type
- Divestiture
Noramco has completed the acquisition of the Cambrex Drug Product Business Unit (previously Halo Pharmaceuticals), adding drug product formulation development, clinical and commercial manufacturing, and packaging capabilities from sites in Mirabel, Québec and Whippany, New Jersey. The purchase expands Noramco's service offering beyond APIs, brings nearly 400 employees into the Noramco group, and represents Cambrex's strategic divestiture to focus on its drug substance and analytical testing businesses.
-
- Buyer
- The McGowan Companies (McGowan Consolidated Insurance Holdings Group, Inc.)
- Target
- Protexure Insurance Agency, Inc.
- Seller
- Protexure Insurance Agency, Inc.
- Industry
- Financial Services
- Location
- Illinois, United States
- Type
- Divestiture
The McGowan Companies acquired certain assets of Protexure Insurance Agency, Inc., a national program manager specializing in professional liability insurance for lawyers and accountants, in an asset purchase effective November 1, 2023. Protexure's staff will remain in place under leader Kyle Nieman as McGowan adds Protexure's products and capabilities to support its national growth strategy.
-
October 31, 2023
- Buyer
- Indiana American Water
- Target
- Sunset Village water system (Bushman's Lake)
- Seller
- Tina Beckort
- Industry
- Utilities
- Location
- Indiana, United States
- Type
- Divestiture
Indiana American Water purchased the Sunset Village water system (serving the Bushman's Lake community) from owner Tina Beckort, adding about 100 water customers and roughly 270 residents to its service area. The $150,000 transaction was approved by the Indiana Utility Regulatory Commission on August 2, 2023 and closed October 31, 2023, expanding Indiana American Water's presence in southeast Indiana and providing the small system access to the company's operations, capital and customer service resources.
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- Buyer
- Creative Planning, LLC
- Target
- Mesirow corporate retirement advisory services team
- Seller
- Mesirow Financial
- Industry
- Financial Services
- Location
- Illinois, United States
- Type
- Divestiture
Creative Planning has acquired Mesirow Financial's corporate retirement advisory services team, bringing a team that serves over 350 retirement plans with approximately $13 billion in assets under advisement. The move expands Creative Planning's Retirement Services capabilities and scale, integrating experienced retirement specialists into its platform.
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October 31, 2023
- Buyer
- JET Infrastructure
- Target
- International-Matex Tank Terminals (five terminals/assets)
- Seller
- International-Matex Tank Terminals
- Industry
- Energy
- Location
- Louisiana, United States
- Type
- Divestiture
JET Infrastructure acquired five fuel terminals from International-Matex Tank Terminals (IMTT), expanding the company's presence into Georgia, Alabama and New Mexico and increasing capacity and connectivity for aviation fuel and biofuels in the U.S. Southeast. The deal brings JET's portfolio to 12 assets with more than 2.1 million barrels of storage capacity and a network of 145 miles of pipeline; the terminals were sold by IMTT, which is headquartered in New Orleans, Louisiana.
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- Buyer
- Equinox Industries
- Target
- Clear Channel France
- Seller
- Clear Channel Outdoor Holdings, Inc.
- Industry
- Media & Entertainment
- Location
- Île-de-France, France
- Type
- Divestiture
Clear Channel Outdoor Holdings, Inc. has completed the sale of its French business, Clear Channel France, to Equinox Industries as part of a broader portfolio optimization. The company said it is initiating a process to sell its Europe‑North segment and conducting a strategic review of its Latin American businesses while engaging financial advisers for those processes.
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