ORIX shares surge 6.98% after-hours after Capital Partners completes $32,000-employee SWAT sale to Brown & Root.

ORIX Corporation (IX) surged 6.98% in after-hours trading following the announcement by ORIX Capital Partners (OCP) of the successful sale of Specialty Welding and Turnarounds (SWAT) to Brown & Root Industrial Services. The transaction, part of OCP’s strategy to realize value from its 2020 investment, marked a significant milestone for the private equity portfolio. SWAT’s growth to over 32,000 employees and its leadership in technical industrial services underscored the exit’s strategic success, generating strong returns for investors. The sale, facilitated by OCP’s operational collaboration with SWAT’s management and Hastings Equity Partners, reinforced confidence in ORIX’s ability to execute value-creating exits in the middle-market industrial sector. Other news, including unrelated references to Japanese baseball and stock volume fluctuations, lacked direct relevance to the price movement.