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 • August 21, 2017
Platinum Equity to Acquire Pattonair
Acquisition of UK-based aerospace and defense business expands Platinum Equity’s European portfolio and underscores continued commitment to investing in the region LONDON (August 21, 2017) –Platinum Equity today announced it has signed a definitive agreement to acquire global aerospace and defense supply chain provider Pattonair from Exponent Private Equity. Financial terms of the transaction were not disclosed. The transaction is expected to close during the fourth quarter of 2017. Headquartered in Derby, UK, Pattonair is a leading global supply chain provider boasting a 40-year l...
Read morePress Releases • August 07, 2017
Staples ANZ breaks out of the pack with new company name, identity and significant transformation investment.
SYDNEY, AUSTRALIA (August 7, 2017) – Today Staples Australia & New Zealand announced a new challenger brand, identity and transformation plan to the market. This announcement comes after Platinum Equity purchased the Australia and New Zealand business from Staples Inc earlier this year. The company serves over 26,000 customers in industries across Australia and New Zealand including some of the countries’ largest financial institutions, telcos, healthcare providers and universities. The new name, Winc, a creative take on “work incorporated” is a deliberate breakaway from tra...
Read morePress Releases • July 27, 2017
Platinum Equity to Acquire Fischer Tech
Singapore-based manufacturer to merge with Platinum Equity’s portfolio company Ying Shing Enterprises LOS ANGELES, SINGAPORE (July 27, 2017) – Platinum Equity announced today that FT Holding II Limited ("Offeror"), an indirectly wholly-owned subsidiary of investment funds and entities affiliated with and advised by Platinum Equity, has signed a definitive agreement to acquire Fischer Tech Ltd. (“Fischer Tech”), a Singapore-listed manufacturer of high volume precision engineering plastic components, for S$3.02 in cash per share. The transaction is subject to shareholder and regulatory...
Read morePress Releases • July 27, 2017
Vertiv Sells ASCO® to Schneider Electric
Sale enables greater focus on core business Columbus, Ohio [July 27, 2017] – Vertiv, formerly Emerson Network Power, today announced plans to sell its ASCO® business as it continues to sharpen its focus on the digital critical infrastructure space. The $1.25 billion sale to Schneider Electric allows Vertiv to apply additional resources toward business and technological advancements in its core data center, telecommunications and commercial and industrial markets. As Vertiv has repositioned itself after being sold to Platinum Equity in November 2016, it became clear that ASCO’s stren...
Read morePress Releases • July 24, 2017
Platinum Equity to Acquire United Site Services
LOS ANGELES (July 24, 2017) –Platinum Equity today announced it has signed a definitive agreement to acquire United Site Services (USS). Financial terms of the transaction were not disclosed. United Site Services, based in Westborough, Mass., is a leading provider of portable restrooms, temporary fence and related site services. The company serves customers throughout the United States through a network of more than 80 locations and the largest fleet of portable sanitation equipment in the country. “We look forward to partnering with the USS management team to drive continued growth ...
Read morePress Releases • July 24, 2017
Platinum Equity to Acquire United Site Services
LOS ANGELES (July 24, 2017) –Platinum Equity today announced it has signed a definitive agreement to acquire United Site Services (USS). Financial terms of the transaction were not disclosed. United Site Services, based in Westborough, Mass., is a leading provider of portable restrooms, temporary fence and related site services. The company serves customers throughout the United States through a network of more than 80 locations and the largest fleet of portable sanitation equipment in the country. “We look forward to partnering with the USS management team to drive continued growth ...
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