Platinum Equity Sells Livingston to Purolator
North American full-service customs brokerage firm divested following multi-year transformation campaign Platinum Equ...
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Press Releases • February 19, 2025
Electro Rent Sells intellirent
Company divests ancillary division focused on power and infrastructure markets LOS ANGELES (February 19, 2025) – Platinum Equity portfolio company Electro Rent today announced the signing of a definitive agreement to sell its intellirent division to Sandbrook Capital. intellirent provides electrical test and measurement (“T&M”) equipment primarily serving the power generation and distribution, data center and renewable energy industries. Electro Rent, which has owned intellirent since 2018, expressed confidence in the company’s continued growth under new ownership. “T...
Read morePress Releases • February 12, 2025
Platinum Equity Completes Acquisition of Héroux-Devtek
LOS ANGELES (February 12, 2025) – Platinum Equity announced today that the acquisition of Héroux-Devtek Inc. (TSX: HRX), a leading international manufacturer of aerospace products and the world’s third-largest landing gear manufacturer, has been completed. “We have been investing in Canada for a long time and know the market dynamics and leading sectors very well. We believe there are a lot of opportunities to create value in partnership with Canadian businesses that can benefit from our approach. ” ...
Read morePress Releases • February 04, 2025
Platinum Equity Sells Livingston to Purolator
North American full-service customs brokerage firm divested following multi-year transformation campaign Platinum Equity to continue pursuing opportunities to expand its portfolio of Canadian investments LOS ANGELES (February 4, 2025) – Platinum Equity announced today the sale of Livingston International, an international trade services firm specializing in customs brokerage, freight forwarding and trade consulting, to Purolator, Inc., a leading integrated freight, package and logistics solutions provider. Financial terms of the transaction were not disclosed. Established in 1945...
Read morePress Releases • February 04, 2025
Platinum Equity Invests in R&B Wholesale Distributors
Leading regional home appliance distributor looking to expand its reach Transaction extends momentum of Platinum Equity’s Small Cap team LOS ANGELES (February 4, 2025) – Platinum Equity announced today a significant investment in R&B Wholesale Distributors, Inc., a leading distributor of home appliances in the southwestern United States. Financial terms of the transaction were not disclosed. Headquartered in Ontario, California, R&B was founded in 1968 by Bob Burggraf and is a leading distributor of major home appliances in California, Arizona, Nevada, and New Mexico. ...
Read moreJanuary 14, 2025
Platinum Equity Offers Support, Temporary Housing to Employees Impacted by L.A. Fires
BEVERLY HILLS, Calif. - The wildfires that have devasted the Los Angeles area have impacted many, including Platinum Equity and its L.A.-based employees. Communities around Los Angeles have seen homes and schools destroyed as the wildfires have raced throughout the area, devastating entire neighborhoods and forcing evacuation orders or warnings for nearly 200,000 residents. In response, Platinum Equity is offering full support to all employees who are either negatively impacted or helping family or friends during this difficult time. “My thoughts and prayers are with all of our folk...
Read morePress Releases • December 13, 2024
Platinum Equity Completes Acquisition of Polli, Italian Producer of Pasta Condiments and Vegetable Preserves
LOS ANGELES (December 13, 2024) – Platinum Equity announced today that the acquisition of a majority stake in F.lli Polli S.p.A. ("Polli"), a leading producer of pasta condiments and vegetable preserves, from affiliates of the founding Polli family has been completed. Financial terms of the transaction were not disclosed. The Polli family retained a minority stake in the business together with CEO Marco Fraccaroli, who will continue to lead the company. Founded in 1872, Polli is an Italian producer of pasta sauces, food in-oil, olives, pickles, and condiments to customers in over 50 co...
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