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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Press Releases • October 11, 2018
Palladium Equity Partners Acquires Kymera International from Platinum Equity
NEW YORK and RALEIGH, N.C., Oct. 11, 2018 -- Palladium Equity Partners, LLC (along with its affiliates, "Palladium"), a private investment firm with over $2.5 billion in assets under management, today announced that one of its affiliated private equity funds has acquired Kymera International (ACuPowder International, ECKA Granules and SCM Metal Products, collectively, "Kymera" or the "Company"), a leading global specialty materials company, from Los Angeles-based private investment firm Platinum Equity. Terms of the transaction were not disclosed. Founded in the late 1800's, the Kymer...
Read morePress Releases • October 01, 2018
Platinum Equity Completes $2.1 Billion Acquisition of LifeScan from Johnson & Johnson
LOS ANGELES (Oct 1, 2018) – Platinum Equity today announced that its acquisition of Lifescan from Johnson & Johnson (NYSE: JNJ) for approximately $2.1 billion has been completed, with the exception of certain non-U.S. jurisdictions that are each expected to close at a later date, subject to individual country regulatory requirements. LifeScan is a leader in blood glucose monitoring products with 2017 net revenue of approximately $1.5 billion. “LifeScan is an innovative company that has been a leader in diabetes care for more than 30 years,” said Platinum Equity Partner Jacob K...
Read morePress Releases • September 10, 2018
United Rentals to Acquire BlueLine Rental for $2.1 billion
Combination will benefit construction and industrial customers at attractive returns to United Rentals shareholders STAMFORD, Conn. – September 10, 2018 – United Rentals, Inc. (NYSE: URI) and BlueLine Rental (“BlueLine”) today announced that they have entered into a definitive agreement under which United Rentals will acquire BlueLine from Platinum Equity for approximately $2.1 billion in cash.[*] The board of directors of United Rentals unanimously approved the agreement. The transaction is expected to close in the fourth quarter of 2018, subject to Hart-Scott-Rodino clearance and ...
Read morePress Releases • September 06, 2018
Platinum Equity Sells Majority Stake in Fabcon
LOS ANGELES – Platinum Equity announced today it has sold a majority interest in Fabcon Holding Corporation to Solace Capital Partners. Fabcon is a leading manufacturer of precast, pre-stressed concrete wall panels for nonresidential construction applications. Platinum Equity, which acquired Fabcon in 2016, will remain a meaningful equity investor and Fabcon management will also participate in the transaction. Financial terms were not disclosed. Based in Savage, Minn., Fabcon’s structural precast wall panels are used primarily in the construction of warehouses and distribution centers a...
Read morePress Releases • July 30, 2018
Platinum Equity Acquires Majority Stake in Yak Access
LOS ANGELES (July 30, 2018) – Platinum Equity today announced it has has acquired a majority stake in Yak Access LLC from Jones Companies and Beasley Forest Products. Financial terms of the transaction were not disclosed. Yak Access, based in Columbia, Miss., provides temporary roadway solutions to remote construction sites, primarily serving the oil and gas pipeline and powerline sectors in the United States. The company comprises three related businesses – Yak Mat, New South Access and Environmental Solutions, and BluRoc – offering a full suite of solutions, including hardwood mats,...
Read morePress Releases • July 17, 2018
Michael Fabiano to Join Platinum Equity
Former GSO Managing Director to Lead Formation of Credit Investing Platform LOS ANGELES, CA, July 17, 2018 – Platinum Equity announced today that Michael Fabiano will join the firm to lead formation of a credit investing division built around Platinum Equity’s signature M&A&O® investment strategy. Mr. Fabiano was most recently a Managing Director at GSO Capital Partners LP, the global credit investment platform of Blackstone, where he led credit investments in operationally and financially challenged situations. He will join Platinum Equity in January 2019 and will be base...
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