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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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May 09, 2018
Wyndham Worldwide Announces Completion of its Sale of its European Vacation Rentals Business
PARSIPPANY, N.J. (May 9, 2018) — Wyndham Worldwide Corporation (NYSE: WYN) today announced the successful completion of its previously announced sale of its European vacation rentals business to an affiliate of Platinum Equity, LLC, a leading global private equity firm, for approximately $1.3 billion.The industry-leading European vacation rentals business is the largest manager of holiday rentals in Europe, with more than 110,000 units in over... Read more
PARSIPPANY, N.J. (May 9, 2018) — Wyndham Worldwide Corporation (NYSE: WYN) today announced the successful completion of its previously announced sa... Read more
PARSIPPANY, N.J. (May 9, 2018) — Wyndham Worldwide Corporation (NYSE: WYN) today announced the successful completi. Read more
May 01, 2018
Platinum Equity Completes Acquisition of American & Efird
LOS ANGELES (May 1, 2018) – Platinum Equity announced today that it has completed the acquisition of American & Efird (A&E) from an affiliate of KPS Capital Partners, LP. Financial terms were not disclosed.Headquartered in Mt. Holly, North Carolina, A&E is the largest U.S. manufacturer and the world’s second-largest manufacturer and distributor of premium quality industrial and consumer sewing thread, embroidery thread and technic... Read more
LOS ANGELES (May 1, 2018) – Platinum Equity announced today that it has completed the acquisition of American & Efird (A&E) from an affiliat... Read more
LOS ANGELES (May 1, 2018) – Platinum Equity announced today that it has completed the acquisition of American &. Read more
May 01, 2018
Interior Logic Group, Inc. and Interior Specialists, Inc. Announce Merger
Interior Logic Group, Inc. and Interior Specialists, Inc. Announce Merger Creates the largest interior finish services company in the US with $1.5 billion in revenue Paves the way for new investments in facilities, technology and customer service Creates a national brand with a footprint reaching from coast to coast ATLANTA, GA and IRVINE, CA, (May 1, 2018) - Interior Logic Group, Inc. (ILG) and Interior Specialists, Inc. (ISI), the two l... Read more
Interior Logic Group, Inc. and Interior Specialists, Inc. Announce Merger Creates the largest interior finish services company in the US with $1.5 ... Read more
Interior Logic Group, Inc. and Interior Specialists, Inc. Announce Merger Creates the largest interior finish serv. Read more
April 30, 2018
Platinum Equity to Acquire Pitney Bowes’ Global Production Mail Business
Stamford, CT., April 30, 2018 – Pitney Bowes Inc. (NYSE: PBI), a global technology company that provides commerce solutions in the areas of shipping and mailing, data, and ecommerce, today announced that Platinum Equity has signed a definitive agreement to acquire the Company’s Document Messaging Technologies (DMT) production mail business and supporting software for $361 million, subject to certain adjustments. The company anticipate... Read more
Stamford, CT., April 30, 2018 – Pitney Bowes Inc. (NYSE: PBI), a global technology company that provides commerce solutions in the areas of ship... Read more
Stamford, CT., April 30, 2018 – Pitney Bowes Inc. (NYSE: PBI), a global technology company that provides commer. Read more
April 09, 2018
Platinum Equity Announces American Traffic Solutions Acquisition of Euro Parking Collection
LOS ANGELES (April 9, 2018) –Platinum Equity today announced the acquisition of Euro Parking Collection plc (EPC) by Platinum Equity portfolio company American Traffic Solutions (ATS). Financial terms of the transaction were not disclosed, but certain seller shareholders will become shareholders of the combined group. Euro Parking Collection plc (EPC) specializes in the identification, notification and collection of unpaid traffic and public... Read more
LOS ANGELES (April 9, 2018) –Platinum Equity today announced the acquisition of Euro Parking Collection plc (EPC) by Platinum Equity portfolio compa... Read more
LOS ANGELES (April 9, 2018) –Platinum Equity today announced the acquisition of Euro Parking Collection plc (EPC) b. Read more
March 29, 2018
Platinum Equity Completes Acquisition of Husky Injection Molding Systems
LOS ANGELES (March 29, 2018) – Platinum Equity announced today that it has completed the acquisition of Husky Injection Molding Systems from Berkshire Partners and OMERS Private Equity for $3.85 billion.Based in Bolton, Ontario, Husky is a global supplier of highly engineered injection molding equipment and services for the plastic injection molding equipment industry, and a leading provider of PET systems, hot runners, aftermarket tooling, med... Read more
LOS ANGELES (March 29, 2018) – Platinum Equity announced today that it has completed the acquisition of Husky Injection Molding Systems from Berkshi... Read more
LOS ANGELES (March 29, 2018) – Platinum Equity announced today that it has completed the acquisition of Husky Injec. Read more
March 16, 2018
Platinum Equity Submits Binding Offer to Acquire LifeScan from Johnson & Johnson
LOS ANGELES (March 16, 2018) – Platinum Equity announced today that it has submitted a binding offer to acquire LifeScan, Inc. from Johnson & Johnson (NYSE: JNJ) in a transaction valued at approximately $2.1 billion. LifeScan is a leader in blood glucose monitoring products with 2017 net revenue of approximately $1.5 billion. “We have great respect for Johnson & Johnson and appreciate their confidence in our ability to execute,” sa... Read more
LOS ANGELES (March 16, 2018) – Platinum Equity announced today that it has submitted a binding offer to acquire LifeScan, Inc. from Johnson & Jo... Read more
LOS ANGELES (March 16, 2018) – Platinum Equity announced today that it has submitted a binding offer to acquire Lif. Read more
March 01, 2018
Platinum Equity Announces Acquisition of Highway Toll Administration
HTA Combines With American Traffic Solutions Fleet Services to Capitalize on Continued Growth in Electronic Toll Collection LOS ANGELES (March 1, 2018) – Platinum Equity today announced the acquisition of Highway Toll Administration, LLC (HTA), a leader in electronic toll collection services and technology. HTA was acquired from Miami-based David and Leila Centner. Financial terms of the transaction were not disclosed.  ... Read more
HTA Combines With American Traffic Solutions Fleet Services to Capitalize on Continued Growth in Electronic Toll Collection LOS ANGELES (Marc... Read more
HTA Combines With American Traffic Solutions Fleet Services to Capitalize on Continued Growth in Electronic Toll Coll. Read more
March 01, 2018
Platinum Equity Announces Acquisition of Lentz Milling Company
LOS ANGELES – (March 1, 2018) – Platinum Equity today announced the acquisition of Lentz Milling Company. Financial terms of the transaction were not disclosed.Lentz, based in Reading, Pennsylvania, provides food ingredient distribution services to food manufacturers, commercial bakeries, retail bakeries, and other customers throughout 10 states in the Mid-Atlantic and Northeast regions. The company primarily distributes bakery-related produc... Read more
LOS ANGELES – (March 1, 2018) – Platinum Equity today announced the acquisition of Lentz Milling Company. Financial terms of the transaction were ... Read more
LOS ANGELES – (March 1, 2018) – Platinum Equity today announced the acquisition of Lentz Milling Company. Financi. Read more
February 27, 2018
Platinum Equity to Acquire Hunterstown Power Generation Facility from GenOn Energy
LOS ANGELES (Feb. 27, 2018) – Platinum Equity announced today that it has signed a definitive agreement to acquire GenOn’s Hunterstown power generation facility and related assets in a transaction valued at approximately $520 million. GenOn, a unit of NRG Energy Inc. (NYSE: NRG), filed for bankruptcy protection in June 2017.The acquisition is subject to regulatory approval and is expected to close in the second quarter of 2018. Loc... Read more
LOS ANGELES (Feb. 27, 2018) – Platinum Equity announced today that it has signed a definitive agreement to acquire GenOn’s Hunterstown power gener... Read more
LOS ANGELES (Feb. 27, 2018) – Platinum Equity announced today that it has signed a definitive agreement to acquire . Read more
