Jostens Announces $640 Million Dividend Recap
Koch Equity Development invests $450 million, will own minority stake in the business LOS ANGELES (November 12, 2024)...
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Press Releases • August 06, 2024
Platinum Equity Acquires ASP Global
LOS ANGELES (August 6, 2024) – Platinum Equity announced today the acquisition of ASP Global, a leading strategic partner to the healthcare industry that develops, sources and distributes consumable medical products for healthcare providers and distributors. Financial terms were not disclosed. Based in Atlanta, ASP leverages its global sourcing network to provide high-quality products that are customized to meet the specific needs of health systems, labs, GPOs and distributors. The company’s capabilities give customers control over the design and functionality of their products, help...
Read morePress Releases • July 29, 2024
Platinum Equity Sells BluRoc to Mollitiam Holdings
Divesture marks final exit of Platinum’s Yak Access Investment LOS ANGELES (July 29, 2024) – Platinum Equity announced today the sale of BluRoc LLC to Mollitiam Holdings. Financial terms were not disclosed. Headquartered in Northampton, Massachusetts, BluRoc is a provider of temporary and permanent access roads, midstream projects, renewable infrastructure, access matting, environmental controls, land clearing and bridge installation services. BluRoc was previously owned by Yak Access, which Platinum Equity sold in March to United Rentals, Inc. (NYSE: URI) for approximately $1.1...
Read morePress Releases • July 23, 2024
Platinum Equity to Acquire GSM Outdoors
LOS ANGELES (July 23, 2024) – Platinum Equity announced today the signing of a definitive agreement to acquire GSM Outdoors from Gridiron Capital. Financial terms were not disclosed. The acquisition is expected to be completed in Q3 2024. Headquartered in Irving, Texas, GSM Outdoors is a leading outdoor and consumer sporting goods company with a diverse, growing portfolio of more than 50 different brands. “The sector is characterized by an attractive combination of resilience, growth potential and M&A opportunities, which suits our firm well. We believe GSM’s distribution ...
Read morePress Releases • July 22, 2024
Platinum Equity Completes Sale of Hunterstown Power
LOS ANGELES (July 19, 2024) – Platinum Equity announced today that the sale of the Hunterstown power generation facility and related assets to LS Power has been completed. Financial terms were not disclosed. Located in Gettysburg, Pennsylvania, the Hunterstown facility is a combined-cycle gas turbine generating power plant that provides 810 MW to the PJM (Met-Ed) 500kV grid, with enough to supply more than 600,000 homes. “Hunterstown is a good example of how Platinum can use its playbook to create value in different ways,” said Platinum Equity Co-President Louis Samson. “The ...
Read moreJuly 18, 2024
Fantini Group portco days offer chances for employee education. They also explain why Platinum Equity invested in Italian wine producer’s growth
BEVERLY HILLS, Calif. – Earlier this year, Platinum Equity employees gathered for an elevated happy hour, featuring the Fantini Group. The Italian wine producer and Platinum Equity portfolio company presented a tasting experience with its award-winning wines, the firm’s third portco day where portfolio companies are invited to demonstrate products and technology. It is part of a program that brings the firm’s diverse portfolio to life and provides a way to engage with employees through a shared learning experience. This portco day was also a continuation of a similar event held in ...
Read morePress Releases • July 18, 2024
Platinum Equity Invests in HVAC/R Distributor Motors & Armatures
Firm to partner with MARS’ current shareholders and management team, which will continue as equity partners Transaction extends momentum of Platinum Equity’s Small Cap team LOS ANGELES (July 17, 2024) – Platinum Equity announced today a significant investment in Motors & Armatures, Inc. (MARS), a leading distributor of HVAC/R parts, supplies and equipment in the United States and Canada. Financial terms were not disclosed. Headquartered in Hauppauge, New York, MARS has served as a key supplier to the HVAC/R industry for more than 75 years. Founded in 1946 by Sol Chernoff a...
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