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 • April 02, 2014
Platinum Equity to Sell Truesense Imaging to ON Semiconductor
LOS ANGELES, Calif. (April 2, 2014) – Platinum Equity announced today it has signed a definitive agreement to sell Truesense Imaging to ON Semiconductor (NASDAQ: ONNN). Under the terms of the agreement, ON Semiconductor will pay approximately $92 million in cash for the business. Truesense Imaging is a provider of high-performance image sensing devices addressing a wide range of industrial end-markets, including machine vision, surveillance, traffic monitoring, medical and scientific imaging, and photography. Platinum Equity acquired the business (previously known as Kodak Image Sensor So...
Read morePress Releases • February 27, 2014
Platinum Equity Completes Sale of NESCO To Energy Capital Partners
LOS ANGELES, Calif. (February 27, 2014) – Platinum Equity announced today it has completed the sale of NESCO to an affiliate of Energy Capital Partners LLC (“ECP”). Terms of the agreement were not disclosed. Based in Fort Wayne, Ind., NESCO is a leading provider of fleet equipment rental, sales and services for the North American electrical transmission and distribution market. “We are proud of the way NESCO grew and evolved under Platinum Equity’s ownership,” said Louis Samson, the Partner at Platinum Equity who led the team that acquired NESCO. “We created substantial v...
Read morePress Releases • February 07, 2014
Volvo Rents Becomes BlueLine Rental
SHIPPENSBURG, Pa. – Volvo Rents, a provider of small- to medium-sized construction rental equipment, today announced the rollout of a new name and corporate identity, BlueLine Rental. The new brand comes following the company’s recent transition to new ownership. Platinum Equity, a Los Angeles-based operations-focused private equity firm, acquired the business from Volvo at the end of January. “The launch of our new identity represents an exciting milestone for the company,” said Scott Hall, President of BlueLine Rental. “With Platinum Equity’s support, we have new opportunities ...
Read morePress Releases • February 03, 2014
Platinum Equity Completes Acquisition of Volvo Rents
Los Angeles (February 3, 2014) – Platinum Equity today announced it has completed the acquisition of Volvo Rents from the Volvo Group. Volvo Rents is a leading North American provider of small-to-medium sized rental equipment serving a diverse customer base across multiple industries, including construction, oil and gas, industrial manufacturing, infrastructure, power, and metals and minerals. Platinum Equity Partner Louis Samson, who led the transaction team at Platinum Equity, said he is excited about Volvo Rents’ prospects under new ownership. “We believe Volvo Rents has a tremend...
Read morePress Releases • January 13, 2014
Telstra to sell majority stake in Sensis
Telstra today announced it had entered into an agreement to sell a 70 percent stake in its directories business, Sensis to US based private equity firm, Platinum Equity for A$454million. The sale excludes the voice services business and includes economic benefits to Telstra from services it will continue to provide to Sensis. Telstra will retain a 30 per cent shareholding with Sensis now valued at A$649million. Platinum Equity is a leading global private equity firm with a highly specialised focus on business operations and 18 years of success in acquiring and operating businesses which ...
Read morePress Releases • December 26, 2013
Platinum Equity to Sell NESCO to Energy Capital Partners
LOS ANGELES, CA--(Marketwired - December 26, 2013) - Platinum Equity announced today it has signed a definitive agreement to sell NESCO to an affiliate of Energy Capital Partners LLC ("ECP"). Terms of the agreement were not disclosed. The sale is expected to close during the first quarter of 2014. Based in Fort Wayne, Ind., NESCO is a leading provider of fleet equipment rental, sales and services for the North American electrical transmission and distribution market. NESCO maintains one of the largest utility equipment fleets in North America and services a broad customer base across a nati...
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