News

Filter by:
Sort by: New | Old

Press 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...

Read more

Press Releases • July 11, 2024

Héroux-Devtek Enters into Definitive Agreement to be Acquired by Platinum Equity

LONGUEUIL, QC, July 11, 2024 – Héroux-Devtek Inc. (TSX: HRX) (“Héroux-Devtek” or the “Corporation”), a leading international manufacturer of aerospace products and the world’s third-largest landing gear manufacturer, today announced that it has entered into an arrangement agreement with an affiliate (the “Purchaser”) of Platinum Equity Advisors, LLC (“Platinum Equity”), a U.S. based private equity firm, pursuant to which the Purchaser will acquire all the issued and outstanding common shares of the Corporation, other than the shares to be rolled over by members of senior ...

Read more

Press Releases • June 18, 2024

Platinum Equity's Credit Team Provides Term Loan to Westfall Technik

LOS ANGELES (June 13, 2024) – Platinum Equity announced today it provided a First-Lien Term Loan to Westfall Technik to refinance existing indebtedness and support future growth of the business. Westfall Technik is a vertically-integrated manufacturer of injection molded plastic components that primarily serves the healthcare and consumer packaged goods end markets. The company provides design, tooling, molding and assembly capabilities to service the complete lifecycle of molded plastic parts. “We are pleased to have delivered speed and certainty for Westfall Technik at a time whe...

Read more

Press Releases • June 07, 2024

Platinum Equity Portfolio Company Hop Lun Acquires P.H. Garment

LOS ANGELES and HONG KONG (June 6, 2024) – Platinum Equity portfolio company Hop Lun, one of the world’s largest designers and manufacturers of intimate apparels, announced today the acquisition of P.H. Garment. Headquartered in Hong Kong, P.H. Garment is an innovative private label manufacturer of high-quality bras, shapewear and performance-driven active wear for world renowned fashion brands. The company has three manufacturing facilities in Bangladesh and China and provides a full range of design and production services, including expertise producing bonded products (fusing fabr...

Read more

Press Releases • June 05, 2024

Platinum Equity to Acquire Sunrise Medical

Investment in Germany-based maker of wheelchairs and mobility solutions adds to momentum of Platinum’s European investment team LOS ANGELES (June 5, 2024) – Platinum Equity announced today the signing of a definitive agreement to acquire Sunrise Medical, a world leader in advanced assistive mobility solutions, from Nordic Capital. Financial terms were not disclosed. The acquisition is expected to be completed in Q3 2024, subject to customary regulatory approvals. Sunrise Medical, a global market leader for assistive mobility solutions, is active in the development, design, manufac...

Read more

Press Releases • May 29, 2024

Platinum Equity Portfolio Company HC Companies Acquires Classic Home & Garden

Complementary acquisition brings together leaders in functional pots and decorative containers to create "one stop shop" for horticulture growers, retailers and distributors LOS ANGELES, May 28, 2024  - The HC Companies, a leading North American manufacturer of horticultural containers, announced today the acquisition of Classic Home & Garden (CHG), a premier provider of decorative and functional products for the lawn and garden market in North America. Financial terms were not disclosed. Headquartered in Shelton, CT, CHG designs, sources and sells decorative garden pots and an a...

Read more