Thryv Sells Print Business for $142M to Focus on AI Growth Platform…

Event summary

Thryv agreed to sell its print directories business to Carolwood L.P. for $142 million in cash.
The divested business includes Print Yellow and White Pages in the U.S., Australia, and New Zealand, along with related digital properties.
Thryv will retain its Internet Yellow Pages and other online properties.
The transaction is expected to close in Q4 2026, with proceeds used to repay debt and strengthen the balance sheet.
Thryv will provide management services to support continuity of operations post-closing.

The big picture

Thryv's sale of its legacy print business underscores the accelerating shift from traditional media to digital-first SaaS platforms. The $142 million divestiture aligns with broader industry trends of companies shedding non-core assets to streamline operations and focus on higher-growth, tech-driven segments. The transaction also highlights the strategic importance of debt reduction in strengthening financial profiles amid volatile market conditions.

What we're watching

Debt Reduction Impact: How the $142 million proceeds will affect Thryv's balance sheet and financial flexibility.
AI Platform Growth: Whether Thryv can sustain momentum in its AI-powered Growth Platform post-divestiture.
Operational Continuity: The pace at which Carolwood integrates the print business and maintains customer relationships.