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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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February 27, 2014
Platinum Equity Completes Sale of NESCO To Energy Capital Partners
LOS ANGELES, Calif. (February 27, 2014) – Platinum Equity announced today it has completed the sale of NESCO to an affiliate of Energy Capital Partners LLC (“ECP”). Terms of the agreement were not disclosed. Based in Fort Wayne, Ind., NESCO is a leading provider of fleet equipment rental, sales and services for the North American electrical transmission and distribution market. “We are proud of the way NESCO grew and evolved under Pla... Read more
LOS ANGELES, Calif. (February 27, 2014) – Platinum Equity announced today it has completed the sale of NESCO to an affiliate of Energy Capital Partn... Read more
LOS ANGELES, Calif. (February 27, 2014) – Platinum Equity announced today it has completed the sale of NESCO to an . Read more
February 07, 2014
Volvo Rents Becomes BlueLine Rental
SHIPPENSBURG, Pa. – Volvo Rents, a provider of small- to medium-sized construction rental equipment, today announced the rollout of a new name and corporate identity, BlueLine Rental. The new brand comes following the company’s recent transition to new ownership. Platinum Equity, a Los Angeles-based operations-focused private equity firm, acquired the business from Volvo at the end of January. “The launch of our new identity represents an... Read more
SHIPPENSBURG, Pa. – Volvo Rents, a provider of small- to medium-sized construction rental equipment, today announced the rollout of a new name and c... Read more
SHIPPENSBURG, Pa. – Volvo Rents, a provider of small- to medium-sized construction rental equipment, today announce. Read more
February 03, 2014
Platinum Equity Completes Acquisition of Volvo Rents
Los Angeles (February 3, 2014) – Platinum Equity today announced it has completed the acquisition of Volvo Rents from the Volvo Group. Volvo Rents is a leading North American provider of small-to-medium sized rental equipment serving a diverse customer base across multiple industries, including construction, oil and gas, industrial manufacturing, infrastructure, power, and metals and minerals. Platinum Equity Partner Louis Samson, who led th... Read more
Los Angeles (February 3, 2014) – Platinum Equity today announced it has completed the acquisition of Volvo Rents from the Volvo Group. Volvo Rents... Read more
Los Angeles (February 3, 2014) – Platinum Equity today announced it has completed the acquisition of Volvo Rents fr. Read more
January 13, 2014
Telstra to sell majority stake in Sensis
Telstra today announced it had entered into an agreement to sell a 70 percent stake in its directories business, Sensis to US based private equity firm, Platinum Equity for A$454million. The sale excludes the voice services business and includes economic benefits to Telstra from services it will continue to provide to Sensis. Telstra will retain a 30 per cent shareholding with Sensis now valued at A$649million. Platinum Equity is a leading glo... Read more
Telstra today announced it had entered into an agreement to sell a 70 percent stake in its directories business, Sensis to US based private equity fir... Read more
Telstra today announced it had entered into an agreement to sell a 70 percent stake in its directories business, Sens. Read more
December 26, 2013
Platinum Equity to Sell NESCO to Energy Capital Partners
LOS ANGELES, CA--(Marketwired - December 26, 2013) - Platinum Equity announced today it has signed a definitive agreement to sell NESCO to an affiliate of Energy Capital Partners LLC ("ECP"). Terms of the agreement were not disclosed. The sale is expected to close during the first quarter of 2014.Based in Fort Wayne, Ind., NESCO is a leading provider of fleet equipment rental, sales and services for the North American electrical transmission and ... Read more
LOS ANGELES, CA--(Marketwired - December 26, 2013) - Platinum Equity announced today it has signed a definitive agreement to sell NESCO to an affiliat... Read more
LOS ANGELES, CA--(Marketwired - December 26, 2013) - Platinum Equity announced today it has signed a definitive agree. Read more
December 10, 2013
Platinum Equity to Acquire Volvo Rents
Los Angeles (December 10, 2013) – Platinum Equity today announced it has signed a definitive agreement to acquire Volvo Rents from the Volvo Group. Volvo Rents is a leading North American provider of small-to-medium sized rental equipment serving a diverse customer base across multiple industries, including construction, oil and gas, industrial manufacturing, infrastructure, power, and metals and minerals. Platinum Equity Chairman and CEO To... Read more
... Read more
Los Angeles (December 10, 2013) – Platinum Equity today announced it has signed a definitive agreement to acquire V. Read more
November 22, 2013
Platinum Equity Completes Acquisition of Majority Interest in Emerson Embedded Computing & Power
Los Angeles (Nov. 22, 2013) – Platinum Equity announced today that it has completed the acquisition of a 51 percent controlling stake in Emerson’s Embedded Computing & Power (EC&P) business. Emerson (NYSE: EMR) retains a 49 percent non-controlling interest. The EC&P business is a global technology leader in the development of power conversion and embedded computing solutions for communications, computing and industri... Read more
Los Angeles (Nov. 22, 2013) – Platinum Equity announced today that it has completed the acquisition of a 51 percent controlling stake in Emerson’s... Read more
Los Angeles (Nov. 22, 2013) – Platinum Equity announced today that it has completed the acquisition of a 51 percent. Read more
October 01, 2013
Platinum Equity Acquires MetoKote Corporation
Los Angeles (October 1, 2013) – Platinum Equity announced today it has acquired MetoKote Corporation, a provider of industrial metal coating services, from CCMP Capital Partners LLC. Terms of the transaction were not disclosed. MetoKote President and CEO Jeff Oravitz will continue to lead the company under new ownership and the company will continue to operate under the MetoKote brand. “We are excited about the transition to new owner... Read more
Los Angeles (October 1, 2013) – Platinum Equity announced today it has acquired MetoKote Corporation, a provider of industrial metal coating servi... Read more
Los Angeles (October 1, 2013) – Platinum Equity announced today it has acquired MetoKote Corporation, a provider . Read more
October 01, 2013
Platinum Equity Completes Acquisition of CBS Outdoor's European Business
London (October 1, 2013) – Platinum Equity and CBS Corporation (NYSE: CBS.A and CBS) announced today that an affiliate of Platinum Equity has acquired the assets of CBS Outdoor International (“CBSO International”), which is among the largest out-of-home media and billboard businesses in Europe. The transaction was first announced in July when Platinum Equity made an irrevocable binding offer to acquire the assets.CBSO International CEO An... Read more
London (October 1, 2013) – Platinum Equity and CBS Corporation (NYSE: CBS.A and CBS) announced today that an affiliate of Platinum Equity has acquir... Read more
London (October 1, 2013) – Platinum Equity and CBS Corporation (NYSE: CBS.A and CBS) announced today that an affili. Read more
September 26, 2013
Platinum Equity Acquires HomeDirect, Combines Business with MXD Group
LOS ANGELES (Sept. 26, 2013) – Platinum Equity announced today it has acquired HomeDirect, Inc. from Transportation Resource Partners, LP (TRP) and is combining the business with Platinum Equity portfolio company MXD Group. HomeDirect was established in 1995 as part of the Bekins Company and has been owned by TRP since 2005. MXD Group (formerly Exel Direct, Inc.), was acquired by Platinum Equity from Exel Inc., a subsidiary of Deutsche Post ... Read more
LOS ANGELES (Sept. 26, 2013) – Platinum Equity announced today it has acquired HomeDirect, Inc. from Transportation Resource Partners, LP (TRP) and ... Read more
LOS ANGELES (Sept. 26, 2013) – Platinum Equity announced today it has acquired HomeDirect, Inc. from Transportation. Read more
