Divestitures in 2026

Peoria Resources, LLC (a subsidiary of JAPEX (U.S.) Corp.) has acquired Verdad Resources' entire operated oil and gas business in the Denver‑Julesburg (DJ) Basin for an enterprise value of approximately $1.26 billion. The transaction transfers roughly 101,000 net acres of horizontal Niobrara and Codell development (Colorado and Wyoming) to Peoria as it establishes a scaled operated position in the DJ Basin.

Cadence Design Systems completed the acquisition of Hexagon AB's Design & Engineering (D&E) business for approximately €2.7 billion in cash and Cadence common stock. Hexagon received ~3.2 million Cadence shares (about 30% of consideration) with the remainder in cash; the D&E business contributed roughly €265 million of revenue in 2024 and the sale is expected to produce a ~€1.4 billion gain for Hexagon. The deal expands Cadence's capabilities in physical AI, multiphysics and system-level design and analysis.

Next Point LLC served as exclusive advisor to Endodontic Specialties of NEPA in connection with a completed practice transition; terms were not disclosed. Next Point guided the practice through evaluation of strategic alternatives, negotiation and closing, structuring the transaction to support continued clinical focus and the owner's long-term objectives.

11:11 Systems has completed the acquisition of Digital Sense, a Brisbane-based cloud and managed services business formerly owned by Aussie Broadband. The deal expands 11:11 Systems' sovereign cloud footprint in Australia and across the Asia‑Pacific region while allowing Aussie Broadband to focus on its telecommunications strategy.

GameChange Energy Technologies has acquired the Electrical Balance of Systems (eBOS) division from Terrasmart, a subsidiary of Gibraltar Industries, adding the eBOS product line and a U.S. manufacturing facility in Grand Rapids, Michigan to its platform. The acquisition expands GameChange’s module-to-grid capabilities for utility-scale solar projects by integrating pre-engineered and prefabricated electrical systems and the eBOS team into its tracker, racking, transformer, and grid-equipment offerings.

Asbury Automotive Group sold six Plaza Motors luxury dealerships and the Plaza Collision Center in the St. Louis market to MileOne Autogroup; the transaction closed on Feb. 23. The Presidio Group advised Asbury on the divestiture. MileOne will retain the Plaza name and use the acquisition to expand its footprint into the St. Louis region with immediate scale across multiple luxury brands.

Axol Bioscience has acquired the ophthalmology business of Newcells Biotech, including its specialist team, facilities, and intellectual property for iPSC-derived retinal organoid and retinal pigment epithelium models. The deal expands Axol's ophthalmology capabilities and product portfolio to support biopharma, biotech and CRO customers across Europe and the United States, strengthening its position in ophthalmology drug discovery and safety testing.

RBM of Atlanta acquired three Greenville, South Carolina dealerships — Porsche of Greenville, Land Rover Greenville and Crown Nissan of Greenville — from Asbury Automotive Group in a transaction that included related real estate and closed Feb. 23. The Presidio Group advised Asbury on the divestiture; the deal marks RBM's first expansion beyond the metro-Atlanta area as it grows its multi-brand dealership footprint.

Onto Innovation completed the acquisition of key materials composition and electrical analysis product lines from Semilab International (including Semilab USA LLC), expanding Onto’s materials-analysis and metrology capabilities for the semiconductor market. The transaction (announced June 2025; completed November 17, 2025) augments Onto’s product portfolio and team and was disclosed alongside Onto’s fourth-quarter and full-year 2025 results.

Elevate Patient Financial Solutions (ElevatePFS) has completed a carve-out acquisition of the Health Systems Services division of Centauri Health Solutions. The deal — terms not disclosed — adds Centauri's Medicaid and disability eligibility/enrollment, out-of-state Medicaid billing, and other complex revenue cycle capabilities to ElevatePFS's revenue cycle management platform to better serve health system clients.

Spectrum Networks, a division of Charter Communications, agreed to acquire substantially all assets of New England Cable News (NECN) from NECN and NBCUniversal. The deal will fold NECN into Spectrum News, expand Spectrum's regional footprint across New England, and consolidate NECN's distribution agreements under Spectrum News NECN based in Massachusetts.

Opportune LLP, a Houston-based global business advisory firm, has acquired the Consulting & Advocacy Practice of Pickering Energy Partners LP. The practice leader Dan Romito and his team will join Opportune to bolster the firm's sustainability and energy advisory capabilities; Solomon Partners served as financial advisor to Pickering Energy Partners in the transaction.

Polaris has completed the separation of Indian Motorcycle into a standalone business and sold a majority stake in the brand to Carolwood LP, an independent private equity firm based in Los Angeles. Financial terms were not disclosed; Polaris said the divestiture allows it to sharpen focus on core powersports businesses while Indian Motorcycle will operate independently under new majority ownership.

Trax Ltd. has divested its non-China Image Recognition (IR) business to an affiliate of Gemspring Capital. The acquired unit will be merged with FORM (creators of GoSpotCheck and FORM OpX) to form a combined company focused on retail execution and shelf intelligence, while Trax Ltd. retains Shopkick, Survey and LenzTech and pursues a more focused portfolio strategy.

ArtCreativity has acquired the iconic Wooly Willy brand from PlayMonster Group. The deal transfers ownership of the long-running novelty toy to ArtCreativity, which plans to expand the brand globally and develop new products; financial terms were not disclosed.

Prestige Auto Group, led by owner George Albanna, has acquired Columbiana Ford in Columbiana, Ohio from Pillar Automotive. The dealership will be renamed Prestige Ford and remains at its current location; Performance Brokerage Services acted as exclusive advisor to the transaction.

Keeler Motor Car Company, in partnership with Open Road Capital, acquired three dealerships — Lexus of Westport, Toyota of Westport and Audi Hawthorne — from New Country Motor Car Group. Haig Partners served as exclusive advisor to New Country on the sale as New Country repositions capital into other markets.

Tenet has acquired Pallet’s Transportation Management System (TMS) business and used the technology to launch a unified operating system for cartage, courier, and expedited carriers. Pallet shifted its focus to AI agents for logistics and divested the TMS business to Tenet, which will integrate dispatch, warehouse, driver app, invoicing and line-haul capabilities into its platform.

Dober, a family-owned specialty chemical manufacturer based in Woodridge, Illinois, has acquired the Soltellus Agronomy and Water Treatment businesses from Lygos, Inc. The deal gives Dober greater control over manufacturing, quality and product development for Soltellus polymers (production to continue at Hazleton, Pennsylvania and R&D at Woodridge, Illinois), while Lygos retains Soltellus for Home and Personal Applications and its proprietary technology.

Nickolas Asset Management (NAM), an operator-led family office, acquired a 120,000-square-foot resin processing and materials facility from Material Difference Technologies (MDT), a Florida-based supplier and processor of plastic resins. The acquisition — driven by the seller's owner retirement — strengthens NAM's materials and manufacturing platform, adds recycling and compounding capabilities, and retains MDT's former owner Jered Ingham as operating partner and division COO to ensure continuity.

Alliance RV, LLC has acquired Midwest Automotive Designs from Terex Corporation (previously part of REV Group). The transaction transfers the Elkhart-based luxury B‑van and motorhome conversion business to Alliance RV as the buyer expands into the motorized recreational-vehicle segment.

Safanad has sold HC-One, the United Kingdom's largest care home provider with nearly 300 homes serving ~15,000 residents, to leading healthcare REIT Welltower Inc. for a sale price in excess of US$1.6 billion. The transaction concludes Safanad's ten-year investment and reflects a PE exit that will free capital for Safanad's focus on expanding healthcare investments in the GCC, particularly Saudi Arabia.

Blue Ridge Associates has acquired the ESOP third‑party administration (TPA) services business from AmbroseAdvisors, including the ESOP administration team and clients. AmbroseAdvisors will retain its advisory business while Blue Ridge expands its ESOP administration capabilities and client base to meet growing demand for ESOP formation and related services.

MedRisk has acquired the Horizon Casualty Services (HCS) PPO Network business from Horizon Mutual Holdings. The deal expands MedRisk’s managed-care and network capabilities across the casualty claims market, enabling improved patient outcomes and greater value for clients in workers' compensation and auto casualty claims.

MondeVita, the lifestyle and luxury division of Mondevo Group, completed the acquisition of Raffaele Caruso S.p.A. (Caruso) from Lanvin Group in a strategic carve-out announced Feb. 6, 2026. Caruso, a high-end Italian menswear manufacturer headquartered in Soragna (Parma) with more than 450 employees and roughly €35 million in annual revenue, will serve as the cornerstone of MondeVita's luxury platform; ITTIKAR (Mondevo's AI-native merchant bank) served as exclusive advisor.

Ark MFG has acquired North American Kitchen Solutions' (NAKS) stainless steel custom fabrication division, including Custom Kitchen Fabricators (Texas), Lane Manufacturing (Georgia), and Stainless Specialties Inc. (Ohio). The divestiture lets NAKS concentrate on its core commercial kitchen ventilation platform while Ark MFG expands and invests in its stainless-steel fabrication platform.

Affiliates of 26North Partners LP acquired a controlling interest in The Middleby Corporation’s Residential Kitchen business, with Middleby retaining a significant non‑controlling stake through a joint venture. The business has been rebranded as Composition Brands and will operate as an independent platform housing premium and ultra‑luxury residential kitchen and outdoor living brands including Viking, AGA, Rangemaster, La Cornue, Lynx and U-Line.

Kingswood Capital Management has completed the acquisition of Safran Passenger Innovations from Safran and the business has been renamed RAVE Aerospace. Headquartered in Brea, California, RAVE Aerospace provides in‑flight entertainment and connectivity solutions for airlines, lessors and OEMs; Kingswood says it will invest to accelerate growth, expand globally, and develop new technologies.

BioSelective Capital Investments, together with Shayan Enterprises, LLC, acquired BioDuro’s drug product development and manufacturing operations in Irvine, California and formed Forma Life Sciences, Inc. The transaction transfers two U.S.-based oral solid dosage development and manufacturing facilities (≈65,000 sq ft and ≈40,000 sq ft) to the new Delaware-held company; BioDuro (an Advent portfolio company) sold the assets.

Avril Industrie, via its Saipol subsidiary, has completed the acquisition of the Champlor Renewables rapeseed-crushing, refining and biodiesel business in Baleycourt, France from Valtris Specialty Chemicals. The Baleycourt facility processes approximately 400,000 tons of seeds per year; Valtris will retain and operate its specialty additives business co-located at the site as it focuses on its core portfolio.

AT&T has completed the $5.75 billion all-cash acquisition of substantially all of Lumen Technologies' Mass Markets fiber business, adding more than 1 million fiber subscribers and expanding AT&T's fiber footprint across 32 states. The deal brings access to over 4 million customer locations and Lumen's fiber construction capabilities, supporting AT&T's goal of reaching more than 60 million fiber locations by 2030 and enabling deeper converged broadband and 5G customer relationships.

Stoneridge, Inc. has sold its Control Devices segment to an affiliate of Center Rock Capital Partners for a base purchase price of $59 million. Stoneridge said it will use net proceeds to repay debt and sharpen focus on its core growth platforms (Vision & Safety, Connectivity, and Vehicle Intelligence), while Center Rock will take the Control Devices business forward under dedicated ownership.

Mastercam, part of the Sandvik Group, has acquired the CAM business line of longtime channel partner MLC CAD Systems to strengthen its localized support and market presence across the Western and Southwestern United States. MLC CAD Systems will continue to collaborate with Mastercam as a technical solutions provider while transitioning its CAM customers and regional expertise into Mastercam's direct operations.

K2 Group Holdings Limited (K2 International) has acquired the management liability underwriting business and book of business from Rising Edge, establishing a new London-based division rebranded as K2 Executive Risk Limited led by Yoel Brightman. The deal transfers the existing book and capacity arrangements to K2 and expands the group's Financial Lines capabilities within its London underwriting platform.

Palomar Holdings, Inc. (NASDAQ: PLMR) has completed the acquisition of The Gray Casualty & Surety Company from BCP. Gray Surety is a Treasury-listed surety carrier licensed in all 50 states that provides contract bonds to midsized and emerging contractors; the sale represents a PE exit for BCP and expands Palomar's specialty insurance capabilities and national footprint.

Transaction Network Services (TNS) has completed its acquisition of BT's Radianz business, integrating Radianz into TNS's global Financial Markets offering. The deal expands TNS's market connectivity footprint and capability, bringing Radianz's secure connectivity services and clients into TNS's ultra-low-latency trading, market data and hosting platform.

NuvemRx, a tech-enabled pharmacy solutions provider for community health organizations, has acquired the 340B referral capture business par8o from R1 RCM. The deal adds par8o's referral technology and pharmacy integrations to NuvemRx's suite, expanding its specialty care coordination and 340B referral-capture capabilities to support more than 800 covered entities.

Essity has completed the acquisition of Edgewell Personal Care’s feminine care business — including the Carefree, Stayfree and o.b. brands in North America and global feminine care rights for Playtex — for USD 340 million on a cash- and debt-free basis. The deal includes a production facility in Dover, Delaware and will be consolidated into Essity's accounts as of February 2, 2026, supporting Essity's strategy to expand its presence in the US feminine care category.

Fargo-based Forum Communications Co. has acquired seven newspapers from Wick Communications, including the Pierre Capital-Journal and the Madison Daily Leader, expanding Forum's footprint across the Upper Midwest. The deal adds publications in South Dakota, Minnesota, North Dakota and Montana and continues Forum's strategy of investing in local news and regional sports coverage.

Spring Valley USA, an affiliate of Interoceanic Corporation (IOC), acquired the blending and packaging assets and business of Turf Care Supply. The combined Spring Valley–Turf Care blending platform will operate eight manufacturing/blending facilities across seven states with roughly 250 employees, while Turf Care will be renamed Allied Nutrients and continue EEF manufacturing at its Martins Ferry, Ohio facility.

LevelBlue has acquired Fortra’s Alert Logic managed services business—covering Alert Logic’s MDR, XDR, and WAF managed services—under a broader long-term strategic partnership that makes Fortra a leading technology partner for LevelBlue. The deal expands LevelBlue’s global managed detection and response platform and provides Alert Logic customers access to a larger global footprint and broader threat telemetry; Santander and Stephens served as financial advisors to LevelBlue and Fortra/Alert Logic, respectively.

Entrepreneur and investor Rob Gough purchased the Fireballs professional jai‑alai team from the World Jai‑Alai League (WJAL) in what the league described as the first perpetual (in‑perpetuity) franchise sale. WJAL said the move shifts its business model toward long‑term franchise ownership to attract sustained investment, deepen team brand equity, and support modernization of the sport and new revenue streams around live events and digital distribution.

StorageMart has acquired a 15-property self-storage portfolio in New York City from the Carlyle Group in a transaction valued at about $1 billion. The portfolio comprises roughly 1.3 million square feet, 25,498 storage units and 121 parking spaces; StorageMart said the deal reinforces its long-term commitment to New York City and expands its local footprint.

Murgado Automotive Group has acquired Toyota of Lincoln Park, a Chicago-area Toyota dealership formerly owned by AutoCanada’s U.S. subsidiary Leader Automotive Group. Haig Partners served as exclusive sell-side advisor on the transaction, which represents a local-market expansion for Murgado and a divestiture by AutoCanada/Leader Automotive Group.

Laborie Medical Technologies has completed the acquisition of the JADA® System and the team behind it from Organon in a transaction announced in late January 2026. The deal — part of Organon’s divestiture program (previously disclosed as up to $465 million) — brings more than 90 employees and an FDA-cleared device for rapid control of postpartum hemorrhage into Laborie’s obstetrics portfolio to expand the company’s maternal health capabilities.

Nexus Agriscience has acquired the hemp division and intellectual property portfolio of Biotech Institute, internalizing genetics, germplasm, and research talent to expand its molecular farming platform. The transaction brings issued and pending patents, proprietary germplasm, seed inventory, and key personnel into Nexus to accelerate development of hemp-derived natural ingredients for flavor, fragrance, and functional markets.

Proven Optics, backed by Silversmith Capital Partners, has acquired brightfin's ServiceNow-native enterprise business from Periscope Equity. Periscope will retain and reintroduce Mobile Solutions as a standalone, mid-market-focused platform and has named Chebem Chukwu as CEO as it pursues organic growth and add-on acquisitions.

American Industrial Partners (AIP) has completed the $1.5 billion acquisition of International Paper's Global Cellulose Fibers (GCF) business, with part of the consideration issued as preferred stock carrying a $190 million initial liquidation preference. GCF, headquartered in Memphis, Tennessee, will operate as an independent company and reported approximately $2.3 billion in 2024 revenue with about 3,300 employees and nine manufacturing facilities across the U.S., Canada, and Poland.

Verndale, a Boston-based digital experience and technology company, has acquired the Product Experience Division of Amp (part of Advantage Solutions). The deal brings product design, UX, engineering, and digital marketing capabilities into Verndale to enable end-to-end digital product development and broaden its reach into tech, CPG, and healthcare verticals. Canaccord Genuity advised Advantage Solutions; financial terms were not disclosed.

Equinox Gold completed the sale of its Brazil Operations — the Aurizona Mine, RDM Mine and Bahia Complex — to a subsidiary of CMOC Group for total consideration of up to US$1.015 billion (US$900 million cash up front plus up to US$115 million contingent). The proceeds will be used to repay a $500 million term loan and a $300 million Sprott loan, reducing Equinox Gold's net debt to approximately US$150 million and refocusing the company on its North American growth assets.