Sun Communities completes Park Holidays sale to Aermont Capital
Sun Communities says it completed the sale of Park Holidays to Aermont Capital and positions the company as a pure-play mobile home and RV platform, with updates on recent share repurchase activity.
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08:11:45 PM UTC
SquawkNews
Sun Communities closed the sale of its UK Park Holidays assets to an Aermont affiliate, receiving approximately $1.03B in net cash. Proceeds are expected to be used for share repurchases, debt reduction and general purposes.Material DetailsContext by AI AnalystThis is the closing of a previously an…