McGraw Hill Acquires Essaypop, Strengthening its Portfolio of Digital Literacy Tools
Interactive, Research-based Writing Solution Will Enhance McGraw Hill’s Personalized Learning Capabilities for K-12 ...
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Press Releases • March 24, 2025
McGraw Hill Acquires Essaypop, Strengthening its Portfolio of Digital Literacy Tools
Interactive, Research-based Writing Solution Will Enhance McGraw Hill’s Personalized Learning Capabilities for K-12 COLUMBUS, Ohio (March 24, 2025) – McGraw Hill, a leading global education company, announced the acquisition of Essaypop, an interactive, cloud-based writing solution built by teachers to demystify writing in a way that is user-friendly and intuitive for both educators and students. “The Essaypop acquisition further supports McGraw Hill's personalized learning capabilities and transformation into a global provider of digital learning solutions. This is another strat...
Read moreMarch 10, 2025
Platinum Equity Ready for Annual JRLA Mentorship Event: ‘A Lifelong Connection’
DETROIT – Last June, local sportswriters gathered at the Henry Ford Pistons Performance Center basketball court for a news conference where Detroit Pistons owner Tom Gores welcomed Trajan Langdon, the franchise’s new President of Basketball Operations. After a series of questions from veteran journalists, a new face added his voice to the proceeding. Platinum Equity Partner Mark Barnhill, who was overseeing the news conference, called on Jalen Rose Leadership Academy senior Ethan Dorsett, who was seated among media members. “What do you most look forward to doing for this organizat...
Read moreFebruary 26, 2025
Platinum Equity’s 2024 Highlighted by $12.4B Fund VI Close, Ingram IPO, Deal Uptick
In spite of a challenging climate for fund raising, Platinum Equity Capital Partners VI (“Fund VI”) closed in 2024 with $12.4 billion in capital commitments, exceeding its target. The global M&A markets saw some signs of a rebound last year after a slow 2023. Platinum Equity reacted with a combination of discipline and creativity, completing 12 new platform acquisitions and 59 add-ons across multiple sectors. The firm’s credit team also had another active year. Harvesting value was a top priority with 13 divestitures and several other monetization events. Arguably the most v...
Read morePress 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. ” Louis Samson, Co-President, Platinum Equity “We have tremendous respect for ...
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...
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