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 • June 01, 2017
Platinum Equity Completes Acquisition of American Traffic Solutions
LOS ANGELES (June 1, 2017) –Platinum Equity today announced it has completed the acquisition of American Traffic Solutions (ATS). Financial terms of the transaction were not disclosed. Arizona-based ATS is a leading provider of road safety cameras and toll and violations management solutions throughout North America. The company has more than 3,500 installed school bus stop arm, red-light and speed safety cameras serving more than 30 million people. ATS’s Fleet Services business provides both toll and violation management solutions to fleets and rental customers. Platinum Equity Pa...
Read morePress Releases • April 28, 2017
Platinum Equity Completes Acquisition of Staples’ Business in Australia and New Zealand
LOS ANGELES (April 28, 2017) — Platinum Equity today announced it has completed the acquisition of the Staples business in Australia and New Zealand from Staples, Inc. (NASDAQ: SPLS) for an undisclosed sum. Staples is a supplier of business products, services and solutions in Australia and New Zealand. The company serves a diverse variety of customers, ranging from small-and-medium businesses to large enterprises, including federal, state and territory levels of government in both countries. Following the transition to new ownership, the acquired business will continue to operate under the...
Read morePress Releases • April 18, 2017
Platinum Equity to Acquire OfficeMax Business in Australia and New Zealand from Office Depot
LOS ANGELES (April 18, 2017) — Platinum Equity announced today it has signed a definitive agreement to acquire the OfficeMax business in Australia and New Zealand from Office Depot (NASDAQ:ODP). The transaction is subject to regulatory approval in each country and is expected to close within the next several months. Financial terms were not disclosed. “We are pleased to provide Office Depot a divestiture solution that meets the company’s needs,” said Adam Cooper, principal at Platinum Equity. “We look forward to working with the OfficeMax management team to continue improving t...
Read morePress Releases • April 17, 2017
Platinum Equity to Acquire American Traffic Solutions
LOS ANGELES (April 17, 2017) –Platinum Equity today announced it has signed a definitive agreement to acquire American Traffic Solutions (ATS). Financial terms of the transaction were not disclosed. Arizona-based ATS is a leading provider of road safety cameras and toll and violations management solutions throughout North America. The company has more than 3,500 installed school bus stop arm, red-light and speed safety cameras serving more than 30 million people. ATS’s Fleet Services business provides both toll and violation management solutions to fleets and rental customers. ...
Read morePress Releases • April 03, 2017
PAE Enters Into Definitive Agreement to Acquire FCi Federal
ARLINGTON, Va., April 3, 2017 – PAE today announced it has signed a definitive agreement to acquire FCi Federal. FCi, headquartered in Ashburn, Va., provides essential services for immigration and national security including adjudication support, eligibility verification and business process outsourcing services for federal government customers. The transaction is subject to regulatory approval and is expected to close within 45 business days, after which FCi would become a business unit of PAE. Houlihan Lokey served as FCi’s financial advisor in this transaction, and financial terms we...
Read morePress Releases • March 13, 2017
Platinum Equity Announces Closing of $6.5 Billion Fund
LOS ANGELES, CA (March 13, 2017) – Platinum Equity announced today the close of Platinum Equity Capital Partners IV, a $6,500,000,000 global buyout fund. The fund was heavily oversubscribed, driven by the success of Platinum’s highly specialized M&A&O® strategy that integrates investment expertise with deep operational capability and resources. “We are grateful to investors for believing in Platinum, supporting our growth and trusting us to invest their money wisely,” said Tom Gores, chairman and chief executive officer of Platinum Equity. “Our job now is to continu...
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