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 • March 27, 2015
Itochu Announces Divestiture of North American Building Materials Distributor to Platinum Equity
ITOCHU Corporation (headquarters in Minato-ku, Tokyo; Masahiro Okafuji, President & CEO; hereafter “ITOCHU”) and ITOCHU International Inc. announced today that ITOCHU has reached an agreement with Platinum Equity, a Los Angeles based global private equity firm, under which Platinum Equity will acquire PrimeSource Building Products, Inc.The transaction is subject to customary closing conditions, including legal procedures and approval by antitrust authorities, and is expected to close promptly upon receiving the necessary approvals.PrimeSource was acquired by ITOCHU Group in 1998 and ha...
Read morePress Releases • March 03, 2015
Platinum Equity Completes Sale of Neovia Logistics
LOS ANGELES (March 3, 2015) – Platinum Equity announced today the sale of Neovia Logistics to an affiliate of Goldman Sachs and investment funds affiliated with Rhône Capital L.L.C has been completed. Financial terms of the transaction were not disclosed. Neovia Logistics provides spare parts logistics, warehouse management and fulfillment services, distribution solutions and other value-added logistics services through a network of more than 100 facilities in 25 countries around the world. Platinum Equity acquired 65 percent of the business (formerly Caterpillar Logistics Services) ...
Read morePress Releases • March 02, 2015
BlueLine Rental Completes Acquisition of Trico
Strategic Add-On Acquisition Strengthens BlueLine’s Aerial Lift Offering, Expands Presence in Mid-Atlantic Region and Texas HOUSTON, Texas – March 2, 2015 – BlueLine Rental, a full-service equipment rental company, today announced it has completed the acquisition of Trico Equipment, Inc., a rental company specialized in aerial lift equipment with locations in New Jersey, Pennsylvania, Maryland and Texas. Terms of the transaction were not disclosed.“We are excited to join forces with Trico, which will strengthen our aerial fleet, provide access to new customers, and help continue deli...
Read morePress Releases • February 10, 2015
Platinum Equity Completes Sale of Fishing Boat Business To Bass Pro Group
LOS ANGELES, CA (February 10, 2015) – Platinum Equity today announced that the sale of Fishing Holdings, LLC, the Flippin, Arkansas-based manufacturer of the Ranger Boats, Stratos and Triton fishing boat brands, to Bass Pro Group, LLC has been completed. Financial terms of the agreement were not disclosed. Platinum Equity acquired Ranger Boats and Stratos as part of a larger portfolio of boat brands in February 2010 from Genmar Holdings, Inc., through a transaction conducted under Section 363 of the U.S. Bankruptcy Code. Triton was acquired from Brunswick in July 2010. “Over the pa...
Read morePress Releases • February 03, 2015
BlueLine Rental to Acquire Trico
Strategic Add-On Acquisition to Strengthen BlueLine’s Aerial Lift Offering, Expand Presence in Mid-Atlantic Region and TexasHOUSTON, Texas – February 3, 2015 – BlueLine Rental, a full-service equipment rental company, today announced the signing of a definitive agreement to acquire Trico Equipment, Inc., a rental company specialized in aerial lift equipment with locations in New Jersey, Pennsylvania, Maryland and Texas. Terms of the transaction were not disclosed.“Trico is a very complementary business for BlueLine that will strengthen our aerial fleet mix and capabilities, provide ...
Read morePress Releases • January 13, 2015
Platinum Equity To Sell Ulticom To Mavenir Systems
Divestiture Demonstrates Firm’s Continued Strength in the Lower Middle Market LOS ANGELES, CA (January 13, 2015) – Platinum Equity today announced the signing of a definitive agreement to sell Ulticom to Mavenir Systems (NYSE:MVNR), a leading provider of software-based networking solutions. Ulticom is a leading provider of signaling software used in communications networks. Financial terms were not disclosed. The pending transaction is subject to customary closing conditions and is expected to close on or before January 30, 2015. Platinum Equity acquired Ulticom through a public-to-...
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