Sun Communities announces agreement to sell UK assets for approximately $1.03 billion in an all-cash transaction
[출처/시간] Briefing.com - 6:01 AM ET, 05/21/2026 Co announced that it has entered into a definitive agreement to sell its UK assets, including the Park Holidays business to funds affiliated with Aermont Capital in an all-cash transaction with an enterprise value of 768 million (or approximately $1.03 billion).This strategic transaction enables the Company to fully focus on its core North American MH and RV portfolio while further enhancing its fina
[출처/시간] Briefing.com - 6:01 AM ET, 05/21/2026
Co announced that it has entered into a definitive agreement to sell its UK assets, including the Park Holidays business to funds affiliated with Aermont Capital in an all-cash transaction with an enterprise value of 768 million (or approximately $1.03 billion).This strategic transaction enables the Company to fully focus on its core North American MH and RV portfolio while further enhancing its financial flexibility.Under the terms of the agreement, Aermont will acquire Park Holidays in an all-cash transaction. The total cash consideration received at closing is subject to certain customary locked box adjustments, inclusive of the cash profits of Park Holidays up to the completion of the transaction.
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