Platinum Equity and Butterfly to Acquire Rise Baking Company
Leading operational private equity firms partner to accelerate Rise’s next chapter of growth LOS ANGELES, CA – Sept...
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Press Releases • May 11, 2015
Platinum Equity Completes Acquisition of PrimeSource Building Products from ITOCHU
LOS ANGELES (May 11, 2015) – Platinum Equity today announced it has completed the acquisition of PrimeSource Building Products, Inc. from ITOCHU Corporation. Financial terms were not disclosed. PrimeSource, headquartered in Irving, Texas, is the largest distributor of construction fasteners and one of the largest distributors of non-lumber building products in North America. Platinum Equity is a global private equity firm currently investing from a $3.75 billion buyout fund focused on acquiring businesses that can benefit from the firm’s operational expertise. Platinum Equity partne...
Read morePress Releases • May 04, 2015
Platinum Equity Announces Sale of Bridge Terminal Transport Services
Successful Investment Highlights Strength of Platinum Equity’s Value Proposition in the Lower Middle Market Los Angeles (May 4, 2015) – Platinum Equity today announced it has signed a definitive agreement to sell Bridge Terminal Transport Services, Inc. (“BTT”) to XPO Logistics, Inc. BTT, based in Charlotte, NC, is one of the largest pure-play asset-light drayage providers and a leader in international and domestic transportation solutions at major port locations and inland rail sites throughout the United States. It operates through a network of 28 terminals, 27 container yards a...
Read morePress Releases • April 27, 2015
LBO France sells Worldwide Flight Services to Platinum Equity
Paris and Los Angeles, April 27th, 2015 – LBO France today announced the signing of an agreement to sell Worldwide Flight Services (“WFS”) to Platinum Equity. WFS is the world's largest cargo handler and a leading global provider of ground handling and technical services. Today it is present at over 140 major airports in more than 22 countries on five continents. WFS serves 300 airlines globally, including the handling of four million tons of cargo and 50 million airline passengers per annum. The company has grown from a family business to a global leader in its fields and now employs...
Read morePress Releases • April 27, 2015
Platinum Equity Acquires Ying Shing Enterprises in China
Investment Marks Platinum Equity’s First Asian Headquartered Acquisition as Firm’s Operations in the Region Continue to Grow LOS ANGELES (April 27, 2015) – Platinum Equity today announced it has acquired Chinese manufacturer Ying Shing Enterprises Limited (“Ying Shing”) from the company’s founder and President Jian Ying Chen. Mr. Chen will retain a minority stake and stay on to continue leading the business. Ying Shing is a fully vertically integrated manufacturing solutions provider for customized precision-engineered plastic injection molded and metal stamping component...
Read morePress Releases • April 03, 2015
Platinum Equity Completes Purchase of Enbi From Royal Ten Cate
Carve Out of Print Rollers and Specialty Components Business Led by Platinum Equity's Dedicated Lower Middle Market Team LOS ANGELES, CA-- April 03, 2015 - Platinum Equity today announced it has completed the acquisition of Ten Cate Enbi ("Enbi") from Dutch multinational Royal Ten Cate ("TenCate"). Financial terms were not disclosed. Enbi is a supplier of paper transport, fusing and image transfer rollers, focusing primarily on the office equipment market. Enbi serves its customers through strategically placed manufacturing facilities in North America, Europe and Asia. Platinu...
Read morePress Releases • April 03, 2015
BlueLine Rental Acquires Virginia-Based Area Equipment
Third Add-On Acquisition in Seven Months Further Strengthens BlueLine's Presence in Mid-Atlantic Region HOUSTON, TX-- April 03, 2015 - BlueLine Rental, a full-service equipment rental company, today announced it has acquired Area Equipment LLC, a rental company in Cheasapeake, VA that serves customers in the industrial and non-residential construction markets. Terms of the transaction were not disclosed. "Area Rental is a good strategic fit for BlueLine that will bolster our fleet and create an even stronger platform for us in the Mid-Atlantic region," said BlueLine CEO Phil Hobson. "Are...
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