Why Platinum Equity Acquired ‘Proud’ Family-Owned Italian Pesto Sauce Producer Polli
In 1872, Fausto Polli opened a small store front selling canned vegetables in the heart of Milan. Since that humble b...
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January 26, 2021
Year in review: Platinum Equity delivers landmark 2020 with adaptability, execution
In trying to describe 2020, words do not come easy. Unforgettable does not cut it. Catastrophic does not consider the resilience shown by many during the trying year. But a new year brings a time for reflection. The COVID-19 pandemic hit hard, wreaking economic havoc worldwide while upending all life sectors. The senseless killing of a Minneapolis black man forced the nation to undergo an uncomfortable conversation on racial inequality. Meanwhile, the country was undergoing a tumultuous election year which should have ended when Joe Biden was elected the 46th president. It was also a yea...
Read moreJanuary 25, 2021
Why Platinum Equity’s $7.2 billion agreement to acquire Ingram Micro represents a ‘new frontier’ for firm
Platinum officials explain the future and potential of tech industry leader that is firmly entrenched on Fortune 100 list. Ingram Micro is a global technology leader. With a business focused on IT distribution, cloud solutions and e-commerce supply chain services, the company produced $47 billion in net revenue for 2019. With worldwide operations and roughly 35,000 employees, Ingram Micro is firmly entrenched on the Fortune 100 list. With the consistent and growing need from business and consumers for such products and services, Ingram is poised for future growth. Those are some...
Read morePress Releases • January 07, 2021
Deluxe Acquires Sundog Media Toolkit
UK firm provides mastering and versioning services for theatrical, television, and OTT content LOS ANGELES, CA, JANUARY 07, 2021 - Deluxe, the global provider of digital and cloud-based solutions to the world’s leading content production studios and distributors, announced today their acquisition of UK-based Sundog Media Toolkit, Ltd. (“Sundog”). Financial terms were not disclosed. Founded in 2013 by CEO Richard Welsh and CTO Chris Ralph, Sundog quickly established a market foothold with their highly automated, cloud-based platform that creates specialized multi-format, multi-langu...
Read morePress Releases • January 04, 2021
Platinum Equity Acquires Controlling Stake in Mad Engine, A Global Provider of Licensed, Branded, and Private Label Apparel and Accessories
Company’s current shareholders and management team retain minority interest and leadership responsibilities Transaction highlights continued momentum of Platinum Equity’s Small Cap team LOS ANGELES AND SAN DIEGO (January 4, 2021) – Platinum Equity announced today that it has acquired a controlling stake in leading apparel company Mad Engine from affiliates of the company’s current ownership group, which has owned the business since 2011. The existing shareholders and management have retained a meaningful equity interest and will continue to serve in leadership roles. Mad Engin...
Read morePress Releases • December 31, 2020
Platinum Equity Completes Sale of PrimeSource to Clearlake Capital Group
LOS ANGELES (December 31, 2020) – Platinum Equity announced today that the sale of PriSo Holding Corporation (“PrimeSource”, or the “Company”) to Clearlake Capital Group, L.P. (together with affiliates, “Clearlake”) has been completed. PrimeSource is a leading global distributor of specialty building materials serving residential, commercial, and industrial new-construction and remodeling markets. Founded in 1990, PrimeSource manages a highly diversified global supply chain, distributing over 23,000 SKUs sourced from more than 500 vendors in 16 countries throughout Asia, Europ...
Read morePress Releases • December 22, 2020
Platinum Equity Sells Compart Systems to Shanghai Wanye Enterprises
LOS ANGELES (December 22, 2020) – Platinum Equity announced today that it sold Compart Systems Pte Ltd. (“Compart” or the “Company”) to Shanghai Wanye Enterprises Co., Ltd. (“Wanye”) in a transactions valued at approximately $398 million. Compart, headquartered in Singapore with primary operations in China and Malaysia, is a supplier of high-precision, machined metal components including valves, fittings, sensors, and related components for a range of industries. Platinum Equity is a Los Angeles-based global private equity firm focused on acquiring businesses that can benef...
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