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By offering a creative financing solution for the combined consideration of $1.2B and by negotiating advantageous contractual terms, Platinum navigated a challenging M&A market to create a platform poised for additional g...
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How $35M renewal of Alabama refractory plant is a ‘remarkable’ story for HarbisonWalker
September 04, 2023
FAIRFIELD, Ala. – The shuttered plant was in rough shape. During a 2021 visit to check the condition of the idled plant, which once manufactured refractory products used for aluminum production, HarbisonWalker International...
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Latest Article
Michigan announces Cabinetworks Group adding 110 jobs, relocating corporate headquarters to Detroit suburb
August 31, 2023
Michigan officials announced recently that Cabinetworks Group will add 110 corporate and professional services jobs while moving its headquarters from Ann Arbor, Mich., to a nearby Detroit suburb.Gov. Gretchen Whitmer and the...
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September 21, 2021
Platinum Equity Announces Sale of Singapore-Based Electronics Manufacturing Services Provider PCI to Celestica
LOS ANGELES (September 21, 2021) – Platinum Equity announced today the signing of a definitive agreement to sell PCI Limited (“PCI”), an electronics manufacturing services provider based in Singapore, to Celestica Inc. (TSX: CLS) (NYSE: CLS), headquartered in Toronto, a leader in design, manufacturing and supply chain solutions for the world's most innovative companies, for $306 million in cash. The sale is expected to close in mid-fourth q... Read more
LOS ANGELES (September 21, 2021) – Platinum Equity announced today the signing of a definitive agreement to sell PCI Limited (“PCI”), an electro... Read more
LOS ANGELES (September 21, 2021) – Platinum Equity announced today the signing of a definitive agreement to sell PC. Read more
September 15, 2021
Platinum Equity Acquires Petmate
LOS ANGELES (September 15, 2021) – Platinum Equity announced today the acquisition of Petmate, a leading maker of pet products sold through a wide range of retail partners. Financial terms were not disclosed. Headquartered in Arlington, Texas, Petmate was founded in 1959 as Doskocil Manufacturing with a singular focus on providing safe pet transportation, resulting in the development of the industry’s first dog kennel. Today the company manu... Read more
LOS ANGELES (September 15, 2021) – Platinum Equity announced today the acquisition of Petmate, a leading maker of pet products sold through a wide r... Read more
LOS ANGELES (September 15, 2021) – Platinum Equity announced today the acquisition of Petmate, a leading maker of p. Read more
September 09, 2021
Why Platinum Equity acquisition of LifeScan was ‘rebirth’ for healthcare leader in glucose management
When Val Asbury decided to leave nursing in the mid-80s, she was determined to join a related healthcare field.The thought process has led to her current position as CEO of LifeScan, a leading provider of blood glucose monitoring products for the treatment of diabetes.LifeScan manufactures OneTouch brand products, which includes blood glucose meters, test strips, lancets, point-of-care testing systems and integrated digital health solutions. Head... Read more
When Val Asbury decided to leave nursing in the mid-80s, she was determined to join a related healthcare field.The thought process has led to her curr... Read more
When Val Asbury decided to leave nursing in the mid-80s, she was determined to join a related healthcare field.The th. Read more
August 30, 2021
McGraw Hill to Acquire Edtech Pioneer Achieve3000
New York, NY (August 30, 2021) – McGraw Hill announced today that it has entered into a definitive agreement to acquire Achieve3000, a recognized leader in differentiated instruction and learning acceleration for PreK-12 students in all 50 states and 49 countries.Financial terms were not disclosed. The transaction is expected to be completed in approximately 60 days, subject to customary closing conditions.Based in Red Bank, NJ and founded more... Read more
New York, NY (August 30, 2021) – McGraw Hill announced today that it has entered into a definitive agreement to acquire Achieve3000, a recognized le... Read more
New York, NY (August 30, 2021) – McGraw Hill announced today that it has entered into a definitive agreement to acq. Read more
August 24, 2021
Why Platinum Equity believes in SVP Worldwide's efforts to make ‘sewing more accessible’
A collaboration with Amazon Prime’s Making the Cut, a reality series where fashion designers test skills and business acumen.Promotional tie-ins with Cruella and Maleficent, film releases from Disney.Apps that create personalized clothing.Not exactly what first comes to mind when thinking of sewing machines, which have been around since shortly after the founding of the U.S.In 2018, SVP Worldwide CEO Carl-Martin Lindahl had his eyes opened when... Read more
A collaboration with Amazon Prime’s Making the Cut, a reality series where fashion designers test skills and business acumen.Promotional tie-ins wit... Read more
A collaboration with Amazon Prime’s Making the Cut, a reality series where fashion designers test skills and busine. Read more
August 18, 2021
CEO: Under Platinum Equity, Orbit Irrigation has transformed into technology company
SALT LAKE CITY - Stuart Eyring has worked at Orbit Irrigation Systems for 16 years.Starting as executive vice president of marketing, he is currently the CEO of the company, which is a leading provider of irrigation systems and related products.As a long-tenured executive, he had a front row seat when Platinum Equity acquired Orbit and Hydro Rain from the company’s founders in early 2019.At the time of the announcement, Platinum Partner Jacob K... Read more
SALT LAKE CITY - Stuart Eyring has worked at Orbit Irrigation Systems for 16 years.Starting as executive vice president of marketing, he is currently ... Read more
SALT LAKE CITY - Stuart Eyring has worked at Orbit Irrigation Systems for 16 years.Starting as executive vice preside. Read more
August 16, 2021
Platinum Equity Completes Acquisition of Global Aerospace Supply Chain Services Provider Unical Aviation
Aviation parts and components business to benefit from new operational resources and recapitalized balance sheet as air travel begins to reboundLOS ANGELES (August 16, 2021) – Platinum Equity announced today it has completed the acquisition of Unical Aviation Inc. and certain of the company’s affiliates (“Unical”), a leading provider of aircraft parts and components to the global commercial aerospace market, from affiliates of the company... Read more
Aviation parts and components business to benefit from new operational resources and recapitalized balance sheet as air travel begins to reboundLOS AN... Read more
Aviation parts and components business to benefit from new operational resources and recapitalized balance sheet as a. Read more
August 03, 2021
How potential for ‘digital transformation’ is a main reason for Platinum Equity’s $4.5 billion acquisition of McGraw Hill
McGraw Hill has historically been known as a textbook publisher.But in a nod to the entrenched role technology plays in everyday lives, the learning company is seeing its digital business grow exponentially, with 80 percent of the company’s business in higher education delivered digitally.That is among the reasons Platinum Equity has acquired the venerable company from Apollo.Founded in 1888, McGraw Hill provides outcome-focused learning soluti... Read more
McGraw Hill has historically been known as a textbook publisher.But in a nod to the entrenched role technology plays in everyday lives, the learning c... Read more
McGraw Hill has historically been known as a textbook publisher.But in a nod to the entrenched role technology plays . Read more
August 02, 2021
Centerfield Completes Acquisition of Leading Digital Marketing Solution for Insurance Industry, Datalot
LOS ANGELES – Aug. 2, 2021 – Centerfield, a technology enabled customer experience company, today announced the completion of a transaction to acquire Datalot, a leading digital marketing solution for auto, home, health and Medicare insurance companies, from an investment fund affiliated with Lightyear Capital. Centerfield’s digital brands and industry leading platform, Dugout, engage in-market consumers and automat... Read more
LOS ANGELES – Aug. 2, 2021 – Centerfield, a technology enabled customer experience company, today announced the completion of a transactio... Read more
LOS ANGELES – Aug. 2, 2021 – Centerfield, a technology enabled customer experience company, today announc. Read more
August 02, 2021
Platinum Equity Completes Acquisition of Global Sewing Machine Manufacturer SVP Worldwide
LOS ANGELES (August 2, 2021) – Platinum Equity announced today that it has completed the acquisition of a controlling stake in SVP-Singer Holdings, Inc. and its wholly owned subsidiaries (“SVP Worldwide”), the world’s largest consumer sewing machine company. Existing shareholders and management have retained a meaningful equity interest. Financial terms were not disclosed.SVP Worldwide accounts for more than one out of three consumer sewi... Read more
LOS ANGELES (August 2, 2021) – Platinum Equity announced today that it has completed the acquisition of a controlling stake in SVP-Singer Holdings, ... Read more
LOS ANGELES (August 2, 2021) – Platinum Equity announced today that it has completed the acquisition of a controlli. Read more
