corporatize
From Longman Business Dictionarycorporatizecor‧po‧ra‧tize /ˈkɔːpərətaɪzˈkɔːr-/ (also corporatise British English) verb [intransitive, transitive]ECONOMICS to change a government organization into a companyNew South Wales has corporatised the former Pacific Power monopoly. —corporatization (also corporatisation British English) noun [uncountable]Deng’s successors appear ready to allow gradual corporatisation of larger state enterprises.