867 items found
Terratest Acquires Geostructures
Madrid, February 8, 2018 – Terratest, a leading international provider of geotechnical engineering and foundations solutions, today announced that it has acquired Geostructures, a US-based construction services firm. Financial terms of the transaction were not disclosed. Headquartered in Purcellville, Virginia, and founded in 1995, Geostructures is a leading provider of engineering, design-build and construction services for ground improvement and slope stability applications in the US Mid-Atlantic region. "Geostructures is a company with an excellent reputation, experienced management team and highly qualified workforce,” said Enrique Torres, CEO of Terratest. “It’s a great fit for Terratest and provides an ideal entry into the U.S. market as we continue growing our business. The combination will create many synergies and new opportunities for both companies.” Terratest, based in Madrid, is a leading international provider of foundation services, ground improvement and microtunneling for large-scale international infrastructure projects and industrial commercial and residential construction. Terratest was acquired by Platinum Equity in 2014 and operates in 25 countries throughout Europe, Africa, the Middle East and Latin America. “Being part of the Terratest group will give us access to additional technology and intellectual capital, which will broaden the services we can offer our clients,” said Mike Cowell, founder and CEO of Geostructures, who will continue to lead the company. “We are excited by the new opportunities that this deal provides.” Under Platinum Equity’s ownership, Terratest has achieved substantial organic growth and participated in some of the most critical infrastructure projects in the markets it serves. "We are grateful to Platinum Equity for supporting our growth and helping us achieve our long term strategic objectives,” said Mr. Torres. About Terratest Terratest is a leading international provider of foundation services, ground improvement and microtunneling for large-scale international infrastructure projects, industrial, commercial and residential construction. Based in Madrid (Spain), and founded in 1959, Terratest has a significant presence in more than 25 countries, covering the entire range of top market technologies in geotechnical engineering and special foundations. Terratest’s main objective is to provide customers with comprehensive solutions for complex geotechnical problems. About Platinum Equity Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with $13 billion of assets under management and a portfolio of more than 30 operating companies that serve customers around the world. The firm is currently investing from Platinum Equity Capital Partners IV, a $6.5 billion global buyout fund. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications, and other industries. Over the past 22 years Platinum Equity has completed more than 200 acquisitions.
Read MorePlatinum Equity Completes Acquisition of OfficeMax Business in Australia
LOS ANGELES (February 6, 2018) — Platinum Equity announced today it has completed the acquisition of the OfficeMax business in Australia from Office Depot (NASDAQ:ODP). Financial terms were not disclosed. Platinum Equity also confirmed that over time it intends to bring together the OfficeMax business in Australia with Winc Australia, the former Staples business that Platinum Equity acquired in April 2017 and subsequently rebranded. “The combination of Winc and OfficeMax in Australia will create a business that can offer greater value, more choice and a better customer experience,” said Adam Cooper, principal at Platinum Equity. “We will bring together the best of both companies, creating an innovative enterprise under the Winc brand.” Winc CEO Darren Fullerton said teams from Winc, OfficeMax and Platinum Equity will work together to ensure a seamless transition. “I am excited about the opportunity to leverage the strengths of both businesses and create something that is truly greater than the sum of our parts,” said Mr. Fullerton. “This represents another important step in the transformation and growth of our business.” Platinum Equity’s proposed acquisition of the OfficeMax business in New Zealand is still pending, subject to approval by the New Zealand High Court. Baker McKenzie, Bell Gully, and Greenwoods & Herbert Smith Freehills are serving as legal counsel to Platinum Equity. About Platinum EquityFounded in 1995 by Tom Gores, Platinum Equity is a global investment firm with $13 billion of assets under management and a portfolio of more than 30 operating companies that serve customers around the world. The firm is currently investing from Platinum Equity Capital Partners IV, a $6.5 billion global buyout fund. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications, and other industries. Over the past 22 years Platinum Equity has completed more than 200 acquisitions.
Read MorePlatinum Equity Acquires WS Packaging Group, Inc. from J.W. Childs
Green Bay, WI (Feb. 5, 2018) – WS Packaging Group announced today that Platinum Equity has acquired the company from J.W. Childs Associates, L.P. Headquartered in Green Bay, Wisconsin, WS Packaging Group provides labels and packaging solutions for the food and beverage, consumer packaged goods, and pharmaceutical markets. The company, which primarily markets pressure sensitive labeling products, is one of North America’s leading label converters, providing innovative packaging, shopper promotion and branding solutions that help its customers increase shelf impact, brand consistency and shopper engagement for the products they sell to end consumers. Platinum Equity Principal Jason Price said he is excited about WS Packaging Group’s prospects as part of Platinum Equity’s portfolio. “WS Packaging Group has great potential, and we look forward to working closely with the company’s management team, customers, suppliers, and other stakeholders,” said Mr. Price. “We believe it will benefit from our operational resources and our ability to help identify and pursue new avenues for growth.” Platinum Equity has considerable experience in the packaging sector and recently owned Mactac, one of WS Packaging Group’s suppliers of pressure sensitive materials. J.W. Childs Associates Partner, David Fiorentino, commented, “We have enjoyed our close partnership with WS Packaging Group. The company has made meaningful investments in new technology, has dedicated employees and deep customer relationships. We wish Platinum, the WS Packaging Group management team and all WS Packaging Group employees well with the business.” WS Packaging Group CEO Dean Wimer is remaining with the company to lead the business. “We thank the team at J.W. Childs Associates for the guidance and support of the business under its ownership. We’re excited to work with Platinum Equity, who brings a fresh perspective, with new energy and focus to the table,” said Mr. Wimer. “They know our industry well and have the operational and financial resources we need to help maximize our company’s potential.” Latham & Watkins acted as legal counsel to Platinum Equity on the acquisition of WS Packaging Group. McDermott Will & Emery served as legal counsel and Barclays as financial advisor to WS Packaging Group. About W/S Packaging WS Packaging Group, Inc., with more than 50 years of experience, is one of the largest printing and label converting operations in North America. It operates 17 manufacturing facilities and produces high-quality packaging products. Its customers range in size from small businesses to large, high-volume manufacturers and consumer product goods companies doing business locally, nationally, and in marketplaces worldwide. About Platinum Equity Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with $13 billion of assets under management and a portfolio of more than 30 operating companies that serve customers around the world. The firm is currently investing from Platinum Equity Capital Partners IV, a $6.5 billion global buyout fund. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications, and other industries. Over the past 22 years Platinum Equity has completed more than 200 acquisitions. About J.W. Childs Associates J.W. Childs is a Boston-based private equity firm focused on investing in middle-market growth companies. Since inception in 1995, J.W. Childs has invested in excess of $3.5 billion of equity capital in more than 45 companies across the consumer, specialty retail and healthcare industries. The firm’s success has been built on its industry focus and the extensive operating expertise of its partners. For more information, please visit www.jwchilds.com.
Read MoreVertiv Expands Thermal Management Portfolio With Acquisition of Energy Labs
Acquisition adds offerings and capabilities for cloud, colocation providers and commercial and industrial segment COLUMBUS, Ohio--(BUSINESS WIRE)--January 16, 2018-- Vertiv, formerly Emerson Network Power, has acquired Energy Labs, a privately owned, U.S.-based manufacturer of custom air handling systems. The acquisition strengthens Vertiv’s leading position in the data center thermal management space and enables expansion into commercial and industrial segments with industry-leading cooling solutions. Energy Labs manufactures custom air handling and modular solutions, including direct evaporative, indirect evaporative and direct expansion cooling technologies. These additions to the Vertiv portfolio significantly increase Vertiv capabilities in the commercial and industrial space, creating additional opportunities to work with universities, hospitals, airports, office buildings and other critical commercial segments where air handling systems are the preferred cooling solution. Cloud and colocation providers also are driving a robust market for these large, free-cooling air handling solutions, and this acquisition bolsters the Vertiv portfolio for these important customers. “This acquisition supports our growth strategy to find companies that both align with our values and bolster our current offerings,” said Vertiv CEO Rob Johnson. “Energy Labs is a perfect fit, with talented people, innovative technologies and complementary expertise that will help us continue to meet the needs of our customers, while also expanding into adjacent markets.” Energy Labs is headquartered in San Diego, California and has more than 900 employees in the U.S. and Mexico. The West Coast location expands Vertiv’s footprint and increases visibility and accessibility to customers in the western U.S. “This is an exciting step for Energy Labs, and I look forward to working with Vertiv to expand the impact our organizations can have together,” said Ray Irani, president of Energy Labs. “The complementary nature of our portfolios and capabilities make this a natural fit for everyone involved and present a tremendous growth opportunity for the business, especially in the commercial and industrial space.” “This is the first acquisition under the Vertiv banner, and it is exactly the kind of additive move we feel can accelerate the company’s growth,” said Jacob Kotzubei, partner at Platinum Equity, which is the parent company for Vertiv. “We are excited for this addition to the Vertiv family and for the opportunities it presents to provide new and existing customers with an even more comprehensive product set.” Greif & Co., an independent, Los Angeles-based investment bank specializing in mergers and acquisitions for entrepreneurially owned companies, represented Energy Labs in this transaction. About Vertiv Vertiv designs, builds and services critical infrastructure that enables vital applications for data centers, communication networks and commercial and industrial facilities. Formerly Emerson Network Power, Vertiv supports today’s growing mobile and cloud computing markets with a portfolio of power, thermal and infrastructure management solutions including the Chloride®, Liebert®, NetSureTM and TrellisTM brands. Sales in fiscal 2016 were $4.4 billion. For more information, visit VertivCo.com.
Read MorePlatinum Equity to Acquire Husky Injection Molding Systems
LOS ANGELES (Dec. 18, 2017) – Platinum Equity announced today that it has signed a definitive agreement to acquire Husky Injection Molding Systems from Berkshire Partners and OMERS Private Equity for $3.85 billion. The transaction is subject to regulatory approval and is expected to close in the second quarter of 2018. “This is another marquee investment that demonstrates how Platinum’s differentiated approach continues to scale,” said Platinum Equity CEO Tom Gores. “We have the capacity and the resources necessary to handle transactions of any size and complexity anywhere in the world.” Headquartered in Bolton, Ontario, Husky is a leading supplier of injection molding equipment and services to the plastics industry. The company serves a global customer base with approximately 75% of its sales generated outside North America. Its systems are used to manufacture a wide array of plastic products, including food and beverage containers, medical devices and consumer electronic parts. Husky also provides aftermarket services and parts to a large and growing installed base of systems globally. “Husky is an extraordinary company with a well-deserved reputation for developing the industry’s most innovative technology,” said Louis Samson, the Platinum Equity Partner who led the transaction. “John Galt and his team have built one of Canada’s most successful enterprises and a truly world class industrial company. We are excited to partner with such an exceptional leadership team and we aim to help them continue raising the bar.” John Galt, who has served as Husky CEO since 2005, is staying on to lead the business. He and other members of Husky’s management team will remain substantial investors in the company. “In Platinum Equity, Husky has a partner that brings a wealth of experience, a highly capable team and a shared enthusiasm for building great companies,” said Mr. Galt. “I am confident that working together we will find new and exciting ways to serve our customers.” Financing will be led by Bank of America Merrill Lynch and Deutsche Bank. Latham & Watkins, Stikeman Elliott and Baker McKenzie (regulatory) are acting as legal counsel to Platinum Equity on the acquisition of Husky. About Platinum Equity Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with $13 billion of assets under management and a portfolio of more than 30 operating companies that serve customers around the world. The firm is currently investing from Platinum Equity Capital Partners IV, a $6.5 billion global buyout fund. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 22 years Platinum Equity has completed more than 200 acquisitions. About Husky Husky Injection Molding Systems Ltd. is a leading global supplier of injection molding equipment and services to the plastics industry. The company has more than 40 service and sales offices, supporting customers in over 100 countries. Husky’s manufacturing facilities are located in Canada, the United States, Luxembourg, Austria, Switzerland, China, India and the Czech Republic.
Read MorePlatinum Equity Sells Keen Transport to Wallenius Wilhemsen Logistics
Successful Investment Highlights Strength of Platinum Equity’s Value Proposition in the Lower Middle Market LOS ANGELES (Dec. 8, 2017) –Platinum Equity today announced it has sold Keen Transport to Wallenius Wilhelmsen Logistics ASA (WWL). Financial terms of the transaction were not disclosed. Keen Transport is a national provider of heavy-haul logistics and transportation services for the construction, mining and agriculture equipment markets. WWL, based in Oslo, Norway, is a global logistics operator serving the manufacturing industry with special focus on vehicles, mining and construction equipment and machinery. “In partnership with the Keen management team we have driven substantial operational improvements and helped transform the business,” said Platinum Equity Partner Bob Wymbs. “We installed new systems, implemented best practices throughout the organization, and helped diversify Keen’s customer base and industry concentration.” Platinum Equity acquired the business in 2012 from the Keen family. Bill Keen has served as an advisor to the company for the past five years. “Platinum’s operational expertise helped us transform from a family-owned business into a more sophisticated enterprise that is well prepared for the future,” said Keen Transport CEO Chris Easter. “They helped us develop new capabilities and delivered the tools we needed to operate more effectively.” Mr. Wymbs added that the Keen Transport investment reflects Platinum Equity’s commitment to the lower middle market as the firm continues to grow. Platinum Equity is today investing from Platinum Equity Capital Partners IV, a $6.5 billion global buyout fund. “We are very active in the lower middle market and the Keen investment is another great example of the firm continuing to create value in that space,” said Mr. Wymbs. Keen Transport specializes in the movement of large and oversize equipment. The company also provides value-added logistics, light assembly, painting, installation of aftermarket accessories, storage, and managed logistics services at facilities near U.S. ports and co-located with customer production facilities. Raymond James & Associates served as financial advisor to Platinum Equity on the sale of Keen. Stubbs Alderton & Markiles, LLP served as Platinum Equity’s legal advisor. About Platinum Equity Founded in 1995 by Tom Gores, Platinum Equity (www.platinumequity.com) is a global investment firm with $13 billion of assets under management and a portfolio of approximately 30 operating companies that serve customers around the world. The firm is currently investing from Platinum Equity Capital Partners IV, a $6.5 billion global buyout fund. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 22 years Platinum Equity has completed more than 200 acquisitions.
Read MorePlatinum Equity Completes Acquisition of Pattonair
Acquisition of UK-based aerospace and defense business expands Platinum Equity’s European portfolio and underscores continued commitment to investing in the region LONDON (October 31, 2017) –Platinum Equity today announced it has completed its acquisition of global aerospace and defense supply chain provider Pattonair from Exponent Private Equity. Financial terms of the transaction were not disclosed. Headquartered in Derby, UK, Pattonair is a leading global supply chain provider boasting a 40-year legacy of excellence and innovation in the sector. The company supports blue chip engine and airframe manufacturers and MRO customers with tailored supply chain management solutions. It offers a global service though dedicated facilities in Singapore, China, Poland, Brazil, Canada and five cities in the United States. Pattonair represents Platinum Equity’s latest European investment, joining Exterion Media, Worldwide Flight Services, Terratest and Ecka Granules in the firm’s global portfolio of operating companies. Rothschild & Co. acted as financial advisor and Latham and Watkins acted as legal counsel to Platinum Equity on the acquisition of Pattonair. About Platinum Equity Founded in 1995 by Tom Gores, Platinum Equity (www.platinumequity.com) is a global investment firm with $13 billion of assets under management and a portfolio of more than 30 operating companies that serve customers around the world. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 22 years Platinum Equity has completed 200 acquisitions.
Read MorePlatinum Equity Completes Sale of NILCO to U.S. LUMBER
Successful Investment Highlights Strength of Platinum Equity’s Value Proposition in the Lower Middle Market LOS ANGELES (Oct. 26, 2017) – Platinum Equity today announced it has completed the sale of NILCO to U.S. LUMBER GROUP. Financial terms of the transaction were not disclosed. NILCO, headquartered in Hartville, Ohio, is a wholesale distributor of specialty building materials and industrial products in the Midwestern and Northeastern United States. U.S. LUMBER, based in Atlanta, is a distributor of specialty building products in the Southern and Eastern United States. During Platinum Equity’s ownership, NILCO strengthened its leadership team underneath CEO Jim Smith, installed new financial controls and other best practices throughout the organization, expanded the company’s footprint and launched key new products. “Partnering with Platinum helped transform our business,” said Mr. Smith. “They invested in our growth and delivered the tools we needed to operate more effectively. Platinum’s operational expertise and mentorship allowed us to transition from a family-owned business into a highly efficient enterprise that is well prepared to take the next step.” Platinum Equity Partner Bob Wymbs added that the NILCO investment reflects Platinum Equity’s commitment to the lower middle market as the firm continues to grow. Platinum Equity is today investing from Platinum Equity Capital Partners IV, a $6.5 billion global buyout fund. “We are very active in the lower middle market and the NILCO investment is another great example of the firm continuing to create value in that space,” said Mr. Wymbs. Moelis & Company, LLC. served as financial advisor to Platinum Equity on the sale of NILCO and Gibson, Dunn & Crutcher LLP served as Platinum Equity’s legal counsel. About Platinum EquityFounded in 1995 by Tom Gores, Platinum Equity (www.platinumequity.com) is a global investment firm with $13 billion of assets under management and a portfolio of more than 30 operating companies that serve customers around the world. The firm is currently investing from Platinum Equity Capital Partners IV, a $6.5 billion global buyout fund. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 22 years Platinum Equity has completed more than 200 acquisitions. About NILCONILCO, based in Hartville, Ohio, was founded in 1909 as a supplier of wood based products to manufacturers in the Midwest. In the late 1990s NILCO added building materials product lines and became an important supplier to local lumber and building supply dealers serving the residential construction market. NILCO has a reputation for premier customer service that is rooted in a long standing philosophy to “Kill the Customer with Kindness.” Today, NILCO has annual revenue of approximately $200 million and serves more than 2,000 customers through 12 distribution centers in Indiana, Kentucky, Ohio, Pennsylvania, West Virginia and New York. More information is available on NILCO’s website at www.nilco.net.
Read MorePlatinum Equity to Sell NILCO to U.S. LUMBER
Successful Investment Highlights Strength of Platinum Equity’s Value Proposition in the Lower Middle Market LOS ANGELES (Sept. 17, 2017) –Platinum Equity today announced it has signed a definitive agreement to sell NILCO to U.S. LUMBER GROUP. Financial terms of the transaction were not disclosed. The sale is expected to close during the fourth quarter, subject to regulatory approval and certain closing conditions. NILCO, headquartered in Hartville, Ohio, is a wholesale distributor of specialty building materials and industrial products in the Midwestern and Northeastern United States. U.S. LUMBER, based in Atlanta, is a distributor of specialty building products in the Southern and Eastern United States. “Since acquiring the business, Platinum Equity has partnered with the NILCO management team to drive a combination of operational improvements and growth strategies that increased revenue and profitability,” said Platinum Equity Partner Bob Wymbs. “The business is a perfect complement to US LUMBER and is well positioned for continued success.” During Platinum Equity’s ownership, NILCO strengthened its leadership team underneath CEO Jim Smith, installed new financial controls and other best practices throughout the organization, expanded the company’s footprint and launched key new products. As a result, year over year NILCO’s revenue is up approximately 9% and EBITDA is up approximately 20% on a trailing twelve month basis. “Partnering with Platinum helped transform our business,” said Mr. Smith. “They invested in our growth and delivered the tools we needed to operate more effectively. Platinum’s operational expertise and mentorship allowed us to transition from a family-owned business into a highly efficient enterprise that is well prepared to take the next step.” Mr. Wymbs added that the NILCO investment reflects Platinum Equity’s commitment to the lower middle market as the firm continues to grow. Platinum Equity is today investing from Platinum Equity Capital Partners IV, a $6.5 billion global buyout fund. “We are very active in the lower middle market and the NILCO investment is another great example of the firm continuing to create value in that space,” said Mr. Wymbs. About Platinum Equity Founded in 1995 by Tom Gores, Platinum Equity (www.platinumequity.com) is a global investment firm with $13 billion of assets under management and a portfolio of approximately 30 operating companies that serve customers around the world. The firm is currently investing from Platinum Equity Capital Partners IV, a $6.5 billion global buyout fund. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 22 years Platinum Equity has completed more than 200 acquisitions. About NILCO NILCO, based in Hartville, Ohio, was founded in 1909 as a supplier of wood based products to manufacturers in the Midwest. In the late 1990s NILCO added building materials product lines and became an important supplier to local lumber and building supply dealers serving the residential construction market. NILCO has a reputation for premier customer service that is rooted in a long standing philosophy to “Kill the Customer with Kindness.” Today, NILCO has annual revenue of approximately $200 million and serves more than 2,000 customers through 12 distribution centers in Indiana, Kentucky, Ohio, Pennsylvania, West Virginia and New York. More information is available on NILCO’s website at www.nilco.net .
Read MorePlatinum Equity Completes Acquisition of United Site Services
LOS ANGELES (August 28, 2017) –Platinum Equity today announced it has completed the acquisition of United Site Services (USS). Financial terms of the transaction were not disclosed. United Site Services, based in Westborough, Mass., is a leading provider of portable restrooms, temporary fence and related site services. The company serves customers throughout the United States through a network of more than 80 locations and the largest fleet of portable sanitation equipment in the country. United Site Services has completed a number of acquisitions over the past several years and its M&A efforts are expected to accelerate under Platinum Equity’s ownership. About Platinum Equity Founded in 1995 by Tom Gores, Platinum Equity (www.platinumequity.com) is a global investment firm with $13 billion of assets under management and a portfolio of approximately 30 operating companies that serve customers around the world. The firm is currently investing from Platinum Equity Capital Partners IV, a $6.5 billion global buyout fund. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 22 years Platinum Equity has completed more than 200 acquisitions. About United Site Services United Site Services provides a positive personal experience in a temporary environment. As the nation’s leader in the industry, United Site Services has more than 80 locations coast to coast providing quality portable restroom rentals and temporary fence rentals. Delivering on customer service first, United Site Services has expansive national reach with local roots to the communities it serves. To learn more about United Site Services, visit www.unitedsiteservices.com.
Read More
Post 
In 
Email 
Copy link 