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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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October 30, 2019
Platinum Equity Acquires Global Marine Contractor De Wave Group
LOS ANGELES (October 30, 2019) – Platinum Equity today announced the acquisition of De Wave Group from Xenon Private Equity. Financial terms were not disclosed.Headquartered in Genoa, Italy, De Wave is a marine contractor that specializes in cruise ship interiors, providing both new build and refit services to ship builders and cruise operators.“With more than 60 years in the maritime industry, De Wave is an experienced and highly respected p... Read more
LOS ANGELES (October 30, 2019) – Platinum Equity today announced the acquisition of De Wave Group from Xenon Private Equity. Financial terms were no... Read more
LOS ANGELES (October 30, 2019) – Platinum Equity today announced the acquisition of De Wave Group from Xenon Privat. Read more
October 22, 2019
Cision Ltd. Announces Agreement to Be Acquired by an Affiliate of Platinum Equity for $10.00 Per Share in All Cash Deal Valued at Approximately $2.74 Billion
Transaction Provides Immediate Value for Shareholders Acquisition Expected to Close in Q1 2020CHICAGO, Oct. 22, 2019 /PRNewswire/ -- Cision Ltd. (NYSE: CISN), a leading global provider of software and services to public relations and marketing communications professionals, today announced that it has entered into a definitive agreement to be acquired by an affiliate of Platinum Equity in an all cash transaction valued at approximately $2.74 ... Read more
Transaction Provides Immediate Value for Shareholders Acquisition Expected to Close in Q1 2020CHICAGO, Oct. 22, 2019 /PRNewswire/ -- Cision Ltd. (N... Read more
Transaction Provides Immediate Value for Shareholders Acquisition Expected to Close in Q1 2020CHICAGO, Oct. 22, 2019. Read more
October 16, 2019
Platinum Equity Acquires TruckPro
LOS ANGELES (October 16, 2019) – Platinum Equity today announced the acquisition of TruckPro Holding Corporation (“TruckPro”) from Harvest Partners by an affiliate of Platinum Equity. Financial terms were not disclosed.Headquartered in Memphis, Tennessee, TruckPro is one of the nation’s largest independent distributors of heavy-duty truck and trailer parts.“TruckPro has an extensive national footprint and extraordinary range of products... Read more
LOS ANGELES (October 16, 2019) – Platinum Equity today announced the acquisition of TruckPro Holding Corporation (“TruckPro”) from Harvest Partn... Read more
September 10, 2019
Platinum Equity Completes Sale of Artesyn’s Embedded Power Business to Advanced Energy
LOS ANGELES (September 10, 2019) – Platinum Equity announced today that the sale of the Embedded Power business of portfolio company Artesyn Embedded Technologies, Inc. to Advanced Energy Industries, Inc. (Nasdaq: AEIS) has been completed. The transaction is valued at approximately $400 million.The Embedded Power business is a leading global supplier and manufacturer of highly engineered power conversion products, including AC-DC power supplies... Read more
LOS ANGELES (September 10, 2019) – Platinum Equity announced today that the sale of the Embedded Power business of portfolio company Artesyn Embedde... Read more
LOS ANGELES (September 10, 2019) – Platinum Equity announced today that the sale of the Embedded Power business of . Read more
August 09, 2019
Wesco Aircraft Enters into Definitive Merger Agreement to be Acquired by Affiliate of Platinum Equity
VALENCIA Calif., August 9, 2019 – Wesco Aircraft Holdings Inc. (NYSE: WAIR), one of the world’s leading distributors and providers of comprehensive supply chain management services to the global aerospace industry, today announced that it has entered into a definitive merger agreement to be acquired by an affiliate of Platinum Equity in a transaction valued at approximately $1.9 billion. Upon closing, Wesco will be combined with Platin... Read more
VALENCIA Calif., August 9, 2019 – Wesco Aircraft Holdings Inc. (NYSE: WAIR), one of the world’s leading distributors and providers of comprehensiv... Read more
VALENCIA Calif., August 9, 2019 – Wesco Aircraft Holdings Inc. (NYSE: WAIR), one of the world’s leading distribut. Read more
July 11, 2019
Yak Access Acquires Klein’s Restoration Services
Platinum Equity Portfolio Company Strengthens Services Offering, Expands Footprint in MidwestLOS ANGELES (July 11, 2019) – Yak Access LLC, a portfolio company of Platinum Equity, announced today it has acquired Klein’s Restoration Services. Financial terms were not disclosed.Based in Canton, Ohio, Klein’s provides a broad range of services including restoration, matting, site development and construction, and traffic control solutions, prim... Read more
Platinum Equity Portfolio Company Strengthens Services Offering, Expands Footprint in MidwestLOS ANGELES (July 11, 2019) – Yak Access LLC, a portfol... Read more
Platinum Equity Portfolio Company Strengthens Services Offering, Expands Footprint in MidwestLOS ANGELES (July 11, 20. Read more
July 09, 2019
Platinum Equity Sells Artesyn’s Embedded Computing Business to SMART Global Holdings
LOS ANGELES (July 9, 2019) – Platinum Equity announced today the sale of the Embedded Computing business of portfolio company Artesyn Embedded Technologies, Inc. (“Artesyn”), to SMART Global Holdings, Inc. (“SMART”) (NASDAQ: SGH). The transaction is valued at approximately $80 million in cash at close, plus approximately $10 million of performance-based consideration that will be paid if certain agreed-upon targets are achieved over the... Read more
LOS ANGELES (July 9, 2019) – Platinum Equity announced today the sale of the Embedded Computing business of portfolio company Artesyn Embedded Techn... Read more
LOS ANGELES (July 9, 2019) – Platinum Equity announced today the sale of the Embedded Computing business of portfol. Read more
July 01, 2019
Multi-Color Corporation Acquired by Affiliate of Platinum Equity
CINCINNATI, OHIO, July 1, 2019 - Multi-Color Corporation ("Multi-Color Corporation" or the "Company") today announced that the anticipated acquisition of the Company by an affiliate of Platinum Equity, a leading private equity firm, is now complete. At closing, Multi-Color Corporation merged with a subsidiary of WS Packaging, another label solutions leader within Platinum Equity's portfolio of companies.The combined company, which will ... Read more
CINCINNATI, OHIO, July 1, 2019 - Multi-Color Corporation ("Multi-Color Corporation" or the "Company") today announced that the anticipated acquis... Read more
CINCINNATI, OHIO, July 1, 2019 - Multi-Color Corporation ("Multi-Color Corporation" or the "Company") today anno. Read more
June 03, 2019
Platinum Equity Completes Acquisition of Spanish Seafood Provider Iberconsa from Portobello Capital
LOS ANGELES (June 3, 2019) – Platinum Equity today announced it has completed the acquisition of a majority stake in Grupo Ibérica de Congelados, S.A. (“Iberconsa”) from Portobello Capital and affiliates of the company’s founding families. Portobello Capital and members of the Iberconsa management team are co-investing alongside Platinum Equity. Financial terms were not disclosed.Headquartered in Vigo, Spain, Iberconsa is a global provid... Read more
LOS ANGELES (June 3, 2019) – Platinum Equity today announced it has completed the acquisition of a majority stake in Grupo Ibérica de Congelados, S... Read more
LOS ANGELES (June 3, 2019) – Platinum Equity today announced it has completed the acquisition of a majority stake i. Read more
May 15, 2019
Platinum Equity to Sell Artesyn’s Embedded Power Business to Advanced Energy
Partial Divestiture Separates Artesyn’s Embedded Power, Embedded Computing and Consumer Products BusinessesLOS ANGELES (May 15, 2019) – Platinum Equity announced today the signing of a definitive agreement to sell the Embedded Power business of portfolio company Artesyn Embedded Technologies, Inc., to Advanced Energy Industries, Inc. (Nasdaq: AEIS), in a transaction valued at approximately $400 million. The transaction is expected to close du... Read more
Partial Divestiture Separates Artesyn’s Embedded Power, Embedded Computing and Consumer Products BusinessesLOS ANGELES (May 15, 2019) – Platinum E... Read more
Partial Divestiture Separates Artesyn’s Embedded Power, Embedded Computing and Consumer Products BusinessesLOS ANGE. Read more
