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THRY-News
THRY-Events
Thryv Appoints Robin Brenner as Senior Vice President
Thryv announced the hiring of Robin Brenner as senior vice president of Ecosystems and Partnerships. In this new role, Brenner will lead the company's partner ecosystem strategy, expanding channel and technology partnerships that support Thryv's growth. Most recently, Brenner served as head of technology partnerships at Paylocity.
Thryv Holdings Sells Print Directories Business for $142M
Thryv Holdings announced that it has entered into a definitive agreement to sell its print directories business - consisting of Print Yellow and White Pages in the United States, Australia, and New Zealand, the digital editions of those print directories, and Australia White Pages online - to Carolwood in an all-cash transaction for total consideration of $142M. Thryv's Internet Yellow Pages and other online properties are excluded from the transaction and will be retained by the Company. The transaction is expected to close in the fourth quarter of 2026, subject to customary closing conditions. "We are confident that concentrating our business strategy and resources on our AI-powered Growth Platform is the most effective path to maximize shareholder value," said Joe Walsh, Chief Executive Officer and Chairman of Thryv Holdings. "We believe divesting the Business to Carolwood is the best outcome for all stakeholders. Carolwood has vast experience acquiring and operating established businesses and is committed to our existing customer and employee relationships."
Thryv Promotes Patricia Rollins to Vice President of Marketing
Thryv announced the promotion of Patricia Rollins to Vice President of Marketing. In her expanded role, Rollins will lead the company's global marketing efforts as Thryv expands the reach of its newly launched Thryv Growth Platform among entrepreneurs and small business owners.
Company Expects Restructuring Charges of $20M to $25M
The Company expects to incur total restructuring and related charges of approximately $20 million to $25 million, approximately 10% of which has already been incurred, with approximately 40% expected to be recognized in the second half of 2026 and the remaining 50% to be recognized in 2027. Cost savings are anticipated to begin in 2027, building to approximately $55 million to $60 million in gross annualized cost savings upon completion.
Sees Marketing Services Revenue at $161M-$163M
Sees Marketing Services revenue $161M-$163M.
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