Jostens Announces $640 Million Dividend Recap
Koch Equity Development invests $450 million, will own minority stake in the business LOS ANGELES (November 12, 2024)...
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April 19, 2024
Platinum Equity Partner Mark Barnhill, Pistons Host 2nd-Chance Event
DETROIT - An event co-sponsored by the Detroit Pistons, the NBA and a variety of government and support organizations aimed to give more than 170 formerly incarcerated citizens a second chance through legal assistance and job counseling. The Second Chance Summit in Detroit included a clinic, in which volunteer lawyers helped eligible individuals apply for expungement of their criminal records under Michigan’s 2021 Clean Slate Act; and a job fair in which employers and counselors offered assistance connecting applicants with employers willing to hire the formerly incarcerated. Later in the...
Read moreApril 15, 2024
Platinum Equity Program Provides Mentorship for JRLA. And Genuine Fun.
DETROIT – Roaring laughter - and a little friendly trash talk - was heard in the Little Caesars Arena interview room only minutes before the start of the Detroit Pistons game against the Indiana Pacers on March 20. Jalen Rose Leadership Academy freshman basketball coach Demarcus Wingate sat on the podium where Pistons players normally take questions from the media. To his right sat Platinum Equity VP Vince Ellis, who provided some order to the proceedings by calling on JRLA students, who were eager to ask probing questions about the upcoming faculty-senior class basketball game. Well...
Read morePress Releases • April 02, 2024
Platinum Equity Completes Acquisition of Horizon Organic and Wallaby from Danone
Leading dairy products brands projected to benefit from Platinum Equity’s carve-out experience and operational expertise LOS ANGELES (April 2, 2024) – Platinum Equity today announced that the acquisition of a majority interest in Horizon Organic and Wallaby from Danone has been completed. Horizon Organic is the largest USDA-certified organic dairy brand in the world and is a pioneer in dairy beverages, having introduced the first organic milk available coast to coast in the United States in 1991. Horizon Organic’s portfolio of organic dairy products includes milk, creamers and whit...
Read moreApril 01, 2024
Platinum Equity’s Presence During Diligence Key in JELD-WEN Carveout
SYDNEY ‑ JELD-WEN, a U.S.-based, publicly traded manufacturer of windows and doors, decided to divest its Australasian business in 2022, which set off a competitive sales process. The process was a chance for Platinum Equity to demonstrate that its operations-intensive approach not only comes into play after an acquisition – it’s also a key differentiator during the diligence stage. According to executives with the company (now branded Ventora Group), Platinum Equity’s extensive engagement with management and visits to plant sites before the acquisition was unique. “We spent a ...
Read morePress Releases • March 22, 2024
Platinum Equity Invests in TAK Communications
Firm to partner with TAK’s current shareholders and management team, which will continue as equity partners in the business Transaction extends momentum of Platinum Equity’s Small Cap team LOS ANGELES (March 22, 2024) – Platinum Equity announced today a significant investment in TAK Communications, a national provider of communications and broadband infrastructure services. Financial terms were not disclosed. Headquartered in Sioux Falls, South Dakota, TAK provides fiber and broadband network services, last-mile connectivity and on-premises technology deployment solutions for th...
Read morePress Releases • March 15, 2024
Platinum Equity Completes Sale of Yak Access to United Rentals for $1.1 Billion
LOS ANGELES (March 15, 2024) – Platinum Equity announced today that the sale of Yak Access, LLC, Yak Mat, LLC and New South Access & Environmental Solutions, LLC (collectively, “Yak”) to United Rentals, Inc. (NYSE: URI) for approximately $1.1 billion in cash has been completed. Yak is a leader in the North American matting industry with a fleet of approximately 600,000 hardwood, softwood, and composite mats providing surface protection across both construction and maintenance, repair and operations (MRO) applications. Yak predominantly serves customers in the utility and midstre...
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