Enviri Exits S&P SmallCap 600 as Peloton Joins; Spin-Off, Veolia Deal Pending
Enviri Corporation will be removed from the S&P SmallCap 600 effective May 27, 2026, with Peloton Interactive replacing it in the index. Enviri plans to spin off key assets into a new public company later this month, after which Veolia Environment SA will acquire the remaining parent entity.
1. Index Change Details
Effective May 27, 2026, Enviri Corporation will be removed from the S&P SmallCap 600 index and replaced by Peloton Interactive. The index rebalancing reflects Enviri’s shift out of the small-cap market following its corporate restructuring.
2. Asset Spin-Off Plan
Later this month, Enviri will spin off certain operations and assets into a newly formed publicly traded company. Investors in the new entity will gain exposure to Enviri’s core robotics and automation divisions separated from its legacy services business.
3. Veolia Acquisition of Parent
Following the spin-off, Veolia Environment SA is set to acquire the remaining parent entity of Enviri. This acquisition will consolidate Enviri’s residual engineering and environmental services under Veolia’s global operations, concluding the restructuring process.