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 • October 29, 2014
Platinum Equity Acquires Terratest
Operations-Focused Investment Firm Recapitalizes Ground Engineering Specialist LOS ANGELES and MADRID (Oct. 29, 2014) – Platinum Equity today announced it has acquired a majority interest in ground engineering firm Grupo Terratest (“Terratest”). Financial terms of the transaction were not disclosed. Headquartered in Madrid and providing services around the world, Terratest is a specialized international contractor providing foundation work, ground improvement and micro-tunneling services for large-scale infrastructure projects and industrial, commercial and residential construction...
Read morePress Releases • October 13, 2014
Platinum Equity to Sell Neovia Logistics
LOS ANGELES (October 13, 2014) Platinum Equity announced today the planned sale of Neovia Logistics to an affiliate of Goldman Sachs and investment funds affiliated with Rhône Capital L.L.C. Financial terms of the transaction were not disclosed. The closing of the transaction is pending customary closing conditions including regulatory approvals. Neovia Logistics provides warehouse management and fulfillment services, distribution solutions and other value-added logistics services through a network of more than 90 facilities in 25 countries around the world. Platinum Equity acquired 65...
Read morePress Releases • September 16, 2014
BlueLine Rental Acquires JustRuss Rental
Strategic Add-On Acquisition Expands BlueLine’s Presence in Southeast United States HOUSTON, Texas – September 16, 2014 – BlueLine Rental, a provider of small to medium-sized construction rental equipment, announced today the acquisition of JustRuss Rental Inc., a full-service equipment rental company with three locations in Alabama. Terms of the transaction were not disclosed. “JustRuss is a great strategic fit for BlueLine and will expand our reach into an important part of the country,” said BlueLine Rental CEO Phil Hobson. “JustRuss has a well-earned reputation for qual...
Read morePress Releases • September 08, 2014
Bemis Agrees to Sell Its Pressure Sensitive Materials Business to Platinum Equity
NEENAH, WI. (September 08, 2014) Bemis Company, Inc. (NYSE:BMS) announced today that it has reached an agreement to sell its global Pressure Sensitive Materials business (known as "MACtac") to Platinum Equity, a California-based private equity firm, for a purchase price of $170 million. This transaction, which is subject to customary closing conditions and regulatory approval, is expected to close during the fourth quarter of 2014. The Company plans to use the proceeds of the sale to fund the growth of its flexible packaging business. Commenting on the pending transaction, William Austen, Bem...
Read morePress Releases • August 27, 2014
Platinum Equity Completes Sale of Active Aero to Roadrunner Transportation Systems
LOS ANGELES, CA (August 27, 2014) – Platinum Equity announced today that the sale of Active Aero Group to Roadrunner Transportation Systems, Inc. (NYSE: RRTS) has been completed. Active Aero is a provider of supply-chain solutions focused on transportation logistics for customers with sensitive or time-critical freight, principally in the United States and Mexico. “Through a great collaboration with Active Aero’s management team, we fundamentally improved business operations over the last three years and sharpened the company’s strategic focus,” said Rob Joubran, the Partner at Pl...
Read morePress Releases • August 11, 2014
Platinum Equity Announces Sale of Active Aero to Roadrunner Transportation Systems
Proposed Sale Marks Platinum Equity’s Seventh Divestiture of 2014 and Demonstrates Firm’s Continued Strength in the Lower Middle MarketLOS ANGELES, CA (August 11, 2014) – Platinum Equity announced today a definitive agreement to sell Active Aero Group to Roadrunner Transportation Systems, Inc. (NYSE: RRTS). Active Aero is a provider of supply-chain solutions focused on transportation logistics for customers with sensitive or time-critical freight, principally in the United States and Mexico.Platinum Equity acquired a majority interest in Active Aero in 2011 from a consortium of investors...
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