diff --git a/launch_ros/CHANGELOG.rst b/launch_ros/CHANGELOG.rst
index 286926ca..e399388f 100644
--- a/launch_ros/CHANGELOG.rst
+++ b/launch_ros/CHANGELOG.rst
@@ -2,6 +2,9 @@
 Changelog for package launch_ros
 ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
 
+0.27.2 (2024-07-29)
+-------------------
+
 0.27.1 (2024-06-17)
 -------------------
 
diff --git a/launch_ros/package.xml b/launch_ros/package.xml
index 2f7dd900..5aa45d47 100644
--- a/launch_ros/package.xml
+++ b/launch_ros/package.xml
@@ -4,7 +4,7 @@
   schematypens="http://www.w3.org/2001/XMLSchema"?>
 <package format="2">
   <name>launch_ros</name>
-  <version>0.27.1</version>
+  <version>0.27.2</version>
   <description>ROS specific extensions to the launch tool.</description>
 
   <maintainer email="aditya.pande@openrobotics.org">Aditya Pande</maintainer>
diff --git a/launch_ros/setup.py b/launch_ros/setup.py
index 240d2f09..d958c051 100644
--- a/launch_ros/setup.py
+++ b/launch_ros/setup.py
@@ -5,7 +5,7 @@
 
 setup(
     name=package_name,
-    version='0.27.1',
+    version='0.27.2',
     packages=find_packages(exclude=['test']),
     data_files=[
         ('share/' + package_name, ['package.xml']),
diff --git a/launch_testing_ros/CHANGELOG.rst b/launch_testing_ros/CHANGELOG.rst
index 3c9e379e..13434153 100644
--- a/launch_testing_ros/CHANGELOG.rst
+++ b/launch_testing_ros/CHANGELOG.rst
@@ -2,6 +2,11 @@
 Changelog for package launch_testing_ros
 ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
 
+0.27.2 (2024-07-29)
+-------------------
+* Switch to use rclpy.init context manager. (`#402 <https://github.com/ros2/launch_ros/issues/402>`_)
+* Contributors: Chris Lalancette
+
 0.27.1 (2024-06-17)
 -------------------
 
diff --git a/launch_testing_ros/package.xml b/launch_testing_ros/package.xml
index fccd0665..8a750f1a 100644
--- a/launch_testing_ros/package.xml
+++ b/launch_testing_ros/package.xml
@@ -2,7 +2,7 @@
 <?xml-model href="http://download.ros.org/schema/package_format2.xsd" schematypens="http://www.w3.org/2001/XMLSchema"?>
 <package format="2">
   <name>launch_testing_ros</name>
-  <version>0.27.1</version>
+  <version>0.27.2</version>
   <description>A package providing utilities for writing ROS2 enabled launch tests.</description>
 
   <maintainer email="aditya.pande@openrobotics.org">Aditya Pande</maintainer>
diff --git a/launch_testing_ros/setup.py b/launch_testing_ros/setup.py
index 42e4d05f..6a923eb8 100644
--- a/launch_testing_ros/setup.py
+++ b/launch_testing_ros/setup.py
@@ -5,7 +5,7 @@
 
 setup(
     name='launch_testing_ros',
-    version='0.27.1',
+    version='0.27.2',
     packages=find_packages(exclude=['test']),
     py_modules=['launch_testing_ros_pytest_entrypoint'],
     data_files=[
diff --git a/ros2launch/CHANGELOG.rst b/ros2launch/CHANGELOG.rst
index 42d7c30c..0ebab494 100644
--- a/ros2launch/CHANGELOG.rst
+++ b/ros2launch/CHANGELOG.rst
@@ -2,6 +2,9 @@
 Changelog for package ros2launch
 ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
 
+0.27.2 (2024-07-29)
+-------------------
+
 0.27.1 (2024-06-17)
 -------------------
 * Add mechanism to disable workaround for dependency groups (`#397 <https://github.com/ros2/launch_ros/issues/397>`_)
diff --git a/ros2launch/package.xml b/ros2launch/package.xml
index a657e3f3..4956d893 100644
--- a/ros2launch/package.xml
+++ b/ros2launch/package.xml
@@ -4,7 +4,7 @@
   schematypens="http://www.w3.org/2001/XMLSchema"?>
 <package format="3">
   <name>ros2launch</name>
-  <version>0.27.1</version>
+  <version>0.27.2</version>
   <description>
     The launch command for ROS 2 command line tools.
   </description>
diff --git a/ros2launch/setup.py b/ros2launch/setup.py
index a69d4729..c10d546c 100644
--- a/ros2launch/setup.py
+++ b/ros2launch/setup.py
@@ -5,7 +5,7 @@
 
 setup(
     name=package_name,
-    version='0.27.1',
+    version='0.27.2',
     packages=find_packages(exclude=['test']),
     data_files=[
         ('share/' + package_name, ['package.xml']),
diff --git a/test_launch_ros/CHANGELOG.rst b/test_launch_ros/CHANGELOG.rst
index b49f06c5..eb17d10f 100644
--- a/test_launch_ros/CHANGELOG.rst
+++ b/test_launch_ros/CHANGELOG.rst
@@ -2,6 +2,12 @@
 Changelog for package test_launch_ros
 ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
 
+0.27.2 (2024-07-29)
+-------------------
+* Revamp the test_load_composable_nodes test. (`#403 <https://github.com/ros2/launch_ros/issues/403>`_)
+* Switch to use rclpy.init context manager. (`#402 <https://github.com/ros2/launch_ros/issues/402>`_)
+* Contributors: Chris Lalancette
+
 0.27.1 (2024-06-17)
 -------------------
 
diff --git a/test_launch_ros/package.xml b/test_launch_ros/package.xml
index 9de9cffc..38bcba16 100644
--- a/test_launch_ros/package.xml
+++ b/test_launch_ros/package.xml
@@ -4,7 +4,7 @@
   schematypens="http://www.w3.org/2001/XMLSchema"?>
 <package format="2">
   <name>test_launch_ros</name>
-  <version>0.27.1</version>
+  <version>0.27.2</version>
   <description>Tests for ROS specific extensions to the launch tool.</description>
 
   <maintainer email="aditya.pande@openrobotics.org">Aditya Pande</maintainer>
diff --git a/test_launch_ros/setup.py b/test_launch_ros/setup.py
index 79ef29a9..76b80528 100644
--- a/test_launch_ros/setup.py
+++ b/test_launch_ros/setup.py
@@ -5,7 +5,7 @@
 
 setup(
     name=package_name,
-    version='0.27.1',
+    version='0.27.2',
     packages=find_packages(exclude=['test']),
     install_requires=[
         'setuptools',