{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-021055","form_type":"8-K","ticker":"ADV","cik":"0001776661","company_name":"Advantage Solutions Inc.","filed_at":"2024-01-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.485619+00:00","generated_at":"2026-06-06T13:53:24.885857+00:00","sec_items":["8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Advantage Solutions sells foodservice business collection for $100M to form Acxion Foodservice","bullets":["Total proceeds of ~$100M, predominantly cash, plus a 7.5% stake in the combined entity Acxion Foodservice.","Transaction closed Jan 31, 2024; foodservice units (Waypoint, Marlin, Primeline, etc.) combine with KeyImpact.","Proceeds to be used primarily to pay down debt, strengthening the balance sheet and focusing on core retail.","Follows prior divestitures: Atlas Technology sold Oct 2023 and Advantage Smollan stake reduced to 49.6% in Dec 2023.","Advantage retains a seat on Acxion's board and will maintain a close working relationship."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-021055","json":"https://secwatch.observer/filing/0001193125-24-021055.json","markdown":"https://secwatch.observer/filing/0001193125-24-021055.md","text":"https://secwatch.observer/filing/0001193125-24-021055.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1776661/000119312524021055/0001193125-24-021055-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1776661/000119312524021055/d781235d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T13:53:24.885857+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}