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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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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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June 23, 2021
Platinum Equity to Sell JM Swank to Brenntag
LOS ANGELES (June 23, 2021) – Platinum Equity announced today the signing of a definitive agreement to sell food ingredients distributor JM Swank to Brenntag.JM Swank, headquartered in North Liberty, Iowa, offers a highly diversified product portfolio of food ingredients, including spices, dairy, grain, sweeteners, fats & oils, texturants, flavors & colors, starches, cocoa, and inclusions through a broad supplier base. The company gener... Read more
LOS ANGELES (June 23, 2021) – Platinum Equity announced today the signing of a definitive agreement to sell food ingredients distributor JM Swank to... Read more
LOS ANGELES (June 23, 2021) – Platinum Equity announced today the signing of a definitive agreement to sell food in. Read more
June 18, 2021
Securus Technologies applauds Connecticut government after taxpayer funded calls for incarcerated become state law
DALLAS, June 17, 2021 -- Yesterday, Connecticut Governor Ned Lamont signed SB 972, legislation that will make Connecticut the first U.S. state to adopt a fully taxpayer funded model for calls made from correctional institutions. Under this new taxpayer funded law, incarcerated individuals and their families will not be charged for calls, making it even easier to communicate with loved ones.Securus Technologies, which currently operates an... Read more
DALLAS, June 17, 2021 -- Yesterday, Connecticut Governor Ned Lamont signed SB 972, legislation that will make Connecticut the first U.S. state... Read more
DALLAS, June 17, 2021 -- Yesterday, Connecticut Governor Ned Lamont signed SB 972, legislation that will make . Read more
June 17, 2021
Awaze to Sell Landal GreenParks to Roompot
Platinum Equity portfolio company divests standalone parks unit, will continue to invest in growing core vacation rentals businessLONDON – 17 JUNE 2021 – Awaze, Europe’s leading managed vacation rentals group, announced today the signing of a definitive agreement to sell its Landal GreenParks unit to Roompot.Landal GreenParks is a fully integrated holiday parks owner, operator and exclusive franchisor in continental Europe, with a portfoli... Read more
Platinum Equity portfolio company divests standalone parks unit, will continue to invest in growing core vacation rentals businessLONDON – 17 JUNE ... Read more
Platinum Equity portfolio company divests standalone parks unit, will continue to invest in growing core vacation re. Read more
June 15, 2021
Platinum Equity to Acquire McGraw Hill from Apollo Funds for $4.5 Billion
Los Angeles and New York (June 15, 2021) – Platinum Equity announced today that it has entered into a definitive agreement to acquire McGraw Hill, a global leader in educational content and digital platforms, from funds (the “Apollo Funds”) managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) for a purchase price of approximately $4.5 billion.Founded in 1888, McGraw ... Read more
Los Angeles and New York (June 15, 2021) – Platinum Equity announced today that it has entered into a definitive agreement to acquire McGraw Hill, a... Read more
Los Angeles and New York (June 15, 2021) – Platinum Equity announced today that it has entered into a definitive ag. Read more
June 10, 2021
Platinum Equity to Acquire Global Sewing Machine Manufacturer SVP Worldwide
LOS ANGELES (June 10, 2021) – Platinum Equity announced today a definitive agreement to acquire 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. The transaction is expected to be completed during the third quarter of 20... Read more
LOS ANGELES (June 10, 2021) – Platinum Equity announced today a definitive agreement to acquire a controlling stake in SVP-Singer Holdings, Inc. and... Read more
LOS ANGELES (June 10, 2021) – Platinum Equity announced today a definitive agreement to acquire a controlling stake. Read more
June 06, 2021
Platinum Equity to Acquire Global Environmental Services Business Urbaser from China Tianying for $4.2 Billion
Acquisition of Madrid-Based Integrated Waste Management Company Adds to Global Buyout Firm’s Momentum in EuropeLOS ANGELES and MADRID (June 6, 2021) – Platinum Equity today announced that it has entered into a definitive agreement to acquire Urbaser, one of the world’s largest providers of environmental services, from China Tianying Inc. for an enterprise value of approximately $4.2 billion (€3.5 billion). The sale is expected to be comp... Read more
Acquisition of Madrid-Based Integrated Waste Management Company Adds to Global Buyout Firm’s Momentum in EuropeLOS ANGELES and MADRID (June 6, 2021... Read more
Acquisition of Madrid-Based Integrated Waste Management Company Adds to Global Buyout Firm’s Momentum in EuropeLOS. Read more
June 02, 2021
Deluxe and MPS Create a Sustainable Solution for Electronic Delivery of Content to Cinemas
London, 2 June 2021 – Motion Picture Solutions (MPS) has today announced the sale of 50% of the Gofilex business to Deluxe, a global provider of solutions to the world’s leading content production studios and distributors. This sale unites Deluxe and MPS in a joint venture to provide world-class IP delivery through a single, sustainable electronic fulfilment platform. The parties’ continued investment to drive innovation and network expansi... Read more
London, 2 June 2021 – Motion Picture Solutions (MPS) has today announced the sale of 50% of the Gofilex business to Deluxe, a global provider of sol... Read more
London, 2 June 2021 – Motion Picture Solutions (MPS) has today announced the sale of 50% of the Gofilex business to. Read more
June 01, 2021
Ingersoll Rand Completes Sale of Club Car to Platinum Equity
DAVIDSON, N.C. – June 1, 2021 – Ingersoll Rand Inc. (NYSE:IR), a global provider of mission-critical flow creation and industrial solutions, completed the sale of its Specialty Vehicle Technologies Segment (“Club Car”) to the global private equity firm Platinum Equity. Ingersoll Rand Execution Excellence (IRX), implemented throughout the divestiture process, enabled the company to over deliver on its commitment to complete the sale by the... Read more
DAVIDSON, N.C. – June 1, 2021 – Ingersoll Rand Inc. (NYSE:IR), a global provider of mission-critical flow creation and industrial solutions, compl... Read more
DAVIDSON, N.C. – June 1, 2021 – Ingersoll Rand Inc. (NYSE:IR), a global provider of mission-critical flow creatio. Read more
May 20, 2021
Platinum Equity Portfolio Company Mad Engine to Combine with Fifth Sun, Creating Premier Omnichannel Provider of Licensed Apparel and Accessories
Combination to create industry leading platform built to meet increasing demand from licensors and retailers for digital solutions and direct-to-garment / print-on-demand productsLOS ANGELES (May 19, 2021) – Platinum Equity announced today the signing of a definitive agreement to acquire a controlling stake in Fifth Sun from company founder Dan Gonzales. The acquisition will be made through Platinum Equity portfolio company Mad Engine.The trans... Read more
Combination to create industry leading platform built to meet increasing demand from licensors and retailers for digital solutions and direct-to-garme... Read more
Combination to create industry leading platform built to meet increasing demand from licensors and retailers for digi. Read more
May 17, 2021
Platinum Equity to Create Premier Skill-Based Game Platform Through Acquisitions of Game Taco and WorldWinner
Game Taco Founder Josh Barrow to lead combined business following carve out of WorldWinner from GSN GamesMedia Executive David Nathanson to serve as Executive ChairmanLOS ANGELES – May 17, 2021 – Platinum Equity today announced the signing of an agreement to acquire Game Taco, a premier skill-based mobile gaming platform that joins gamers from around the world to play and compete in tournaments for fun and cash prizes. In connection with the... Read more
Game Taco Founder Josh Barrow to lead combined business following carve out of WorldWinner from GSN GamesMedia Executive David Nathanson to serve as E... Read more
Game Taco Founder Josh Barrow to lead combined business following carve out of WorldWinner from GSN GamesMedia Execut. Read more
