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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 24, 2016
International Textile Group Acquired By Platinum Equity
October 24, 2016, Greensboro, NC – International Textile Group, Inc. (ITG or the Company) announced today that it has been acquired by Platinum Equity through a completed merger with an affiliate of Platinum Equity. In the merger transaction, a newly formed Platinum Equity affiliate merged with and into ITG, with ITG continuing as the surviving corporation and as a privately-held Platinum Equity portfolio company. ITG’s common st... Read more
October 24, 2016, Greensboro, NC – International Textile Group, Inc. (ITG or the Company) announced today that it has been acquired by Platinum... Read more
October 24, 2016, Greensboro, NC – International Textile Group, Inc. (ITG or the Company) announced today that. Read more
October 24, 2016
Platinum Equity to Sell MACtac North American Business to LINTEC
LOS ANGELES (Oct. 24, 2016) – Platinum Equity announced today it has signed a definitive agreement to sell Mactac Americas, LLC, to LINTEC Corporation in a transaction valued at approximately $375 million. The sale is expected to be completed during Q4 2016. LINTEC, headquartered in Tokyo, is a manufacturer of adhesive-related products with operations in 15 countries around the world. Mactac, headquartered in Ohio, is a manufacturer and di... Read more
LOS ANGELES (Oct. 24, 2016) – Platinum Equity announced today it has signed a definitive agreement to sell Mactac Americas, LLC, to LINTEC Corpo... Read more
LOS ANGELES (Oct. 24, 2016) – Platinum Equity announced today it has signed a definitive agreement to sell Mact. Read more
September 06, 2016
Platinum Equity Acquires Fabcon
LOS ANGELES (September 6, 2016) – Platinum Equity announced today it has acquired Fabcon, a manufacturer of precast, pre-stressed concrete wall panels for nonresidential construction applications, from affiliates of the company’s founders. Financial terms of the transaction were not disclosed. Fabcon is headquartered in Savage, Minn., and has four manufacturing facilities located in Kansas, Minnesota, Ohio and Pennsylvania. The comp... Read more
LOS ANGELES (September 6, 2016) – Platinum Equity announced today it has acquired Fabcon, a manufacturer of precast, pre-stressed concrete wall ... Read more
LOS ANGELES (September 6, 2016) – Platinum Equity announced today it has acquired Fabcon, a manufacturer of pre. Read more
August 24, 2016
Key Energy Services Announces Entry into Plan Support Agreement for Consensual Deleveraging and Recapitalization Transaction
Key’s Funded Debt to be Reduced by $725 million Reorganized Key to Remain a Public Company With Platinum Equity as Lead Shareholder Plan Support Agreement Provides For Operations To Continue as Usual, Without Interruption, With Employees, Vendors and Trade Creditors to be Paid in Full in the Ordinary Course of Business HOUSTON, August 24, 2016 -- Key Energ... Read more
Key’s Funded Debt to be Reduced by $725 million Reorganized Key to Remain a Public Company With Platinum Equity as Lead Sharehold... Read more
Key’s Funded Debt to be Reduced by $725 million Reorganized Key to Remain a Public Company With . Read more
August 22, 2016
Platinum Equity to Acquire Chinese Manufacturing Businesses from Broadway Industrial Group Limited
Investment Marks Platinum Equity’s Second Asian Headquartered Acquisition in Less Than 18 Months LOS ANGELES (Aug. 22, 2016) – Platinum Equity today announced it has signed a definitive agreement to acquire the Foam Plastic Solutions (“FPS”) and Flow Control Devices (“FCD”) businesses of Broadway Industrial Group Limited. FPS is a leading supplier of protective packaging, insulation and component products to ... Read more
Investment Marks Platinum Equity’s Second Asian Headquartered Acquisition in Less Than 18 Months LOS ANGELES (Aug. 22, 2016) – Platinum E... Read more
Investment Marks Platinum Equity’s Second Asian Headquartered Acquisition in Less Than 18 Months LOS ANGELES (. Read more
August 16, 2016
Platinum Equity Completes Sale of BWAY to Stone Canyon Industries
LOS ANGELES (August 16, 2016) – Platinum Equity announced today that the sale of BWAY Corp. to Stone Canyon Industries, LLC for $2.4 billion has been completed. BWAY is a North American manufacturer of rigid metal and plastic containers used to package industrial, bulk food and retail goods.Platinum Equity acquired BWAY in 2012. In January 2013 BWAY acquired Ropak, a complementary producer of rigid plastic containers.“BWAY is a fundamentally ... Read more
LOS ANGELES (August 16, 2016) – Platinum Equity announced today that the sale of BWAY Corp. to Stone Canyon Industries, LLC for $2.4 billion has bee... Read more
LOS ANGELES (August 16, 2016) – Platinum Equity announced today that the sale of BWAY Corp. to Stone Canyon Industr. Read more
August 10, 2016
Platinum Equity Completes Acquisition of Electro Rent
LOS ANGELES – August 10, 2016 – Platinum Equity announced today it has completed the acquisition of Electro Rent Corporation for approximately $382 million, which represents a purchase price of $15.50 per share of Electro Rent common stock.Electro Rent previously traded on the Nasdaq Global Select Market under the ticker symbol “ELRC.” After the close of the Nasdaq Global Select Market on August 10, 2016, trading of Electro Rent’s commo... Read more
LOS ANGELES – August 10, 2016 – Platinum Equity announced today it has completed the acquisition of Electro Rent Corporation for approximately $38... Read more
LOS ANGELES – August 10, 2016 – Platinum Equity announced today it has completed the acquisition of Electro Rent . Read more
August 02, 2016
Emerson Reaches Agreement to Sell Network Power for $4 Billion to Platinum Equity
Transaction is a significant step in the previously announced strategic portfolio repositioning; Cash proceeds strengthen balance sheet and provide increased financial flexibility ST. LOUIS, August 2, 2016 – Emerson (NYSE: EMR) today announced an agreement to sell Network Power to Platinum Equity and a group of co-investors. The transaction is valued at $4 billion and Emerson will retain a subordinated interest in Network Power.&nb... Read more
Transaction is a significant step in the previously announced strategic portfolio repositioning; Cash proceeds strengthen balance sheet and provide in... Read more
Transaction is a significant step in the previously announced strategic portfolio repositioning; Cash proceeds streng. Read more
August 02, 2016
Avery Dennison Completes Acquisition of European Business of Mactac from Platinum Equity
GLENDALE, Calif. -- Avery Dennison (NYSE:AVY) today announced it had completed the acquisition of the European business of Mactac from Platinum Equity, a California-based private equity firm, for the purchase price of €200 million including assumed debt.Mactac’s manufacturing facility in Soignies, Belgium, along with sales offices and warehouses in Europe and Asia, are now part of Avery Dennison’s global footprint. Export sales will continu... Read more
GLENDALE, Calif. -- Avery Dennison (NYSE:AVY) today announced it had completed the acquisition of the European business of Mactac from Platinum Equity... Read more
GLENDALE, Calif. -- Avery Dennison (NYSE:AVY) today announced it had completed the acquisition of the European busine. Read more
August 01, 2016
Platinum Equity Completes Sale of Maxim Crane
LOS ANGELES, CA - (August 01, 2016) - Platinum Equity announced today it has completed the sale of Maxim Crane Works ("Maxim") to funds managed by affiliates of Apollo Global Management, LLC. Financial terms of the transaction were not disclosed.Maxim is a leading provider of specialized crane and lifting solutions throughout North America. Founded in 1966, the company serves more than 7,500 customers via a network of 31 locations throughout the ... Read more
LOS ANGELES, CA - (August 01, 2016) - Platinum Equity announced today it has completed the sale of Maxim Crane Works ("Maxim") to funds managed by aff... Read more
LOS ANGELES, CA - (August 01, 2016) - Platinum Equity announced today it has completed the sale of Maxim Crane Works . Read more
