Results for 'ingram micro'
57 items found
Polli
Fratelli Polli Active Private Transaction Europe Consumer Food & Beverage A leading producer of pasta sauces, condiments and vegetable preserves Company Overview Fratelli Polli is an Italian producer of pasta sauces, food in-oil, olives, pickles, and condiments to customers in over 50 countries, and is one of the largest producers of pesto in the EU. The company operates four state-of-the-art plants in which more than 130 different raw materials are processed, producing approximately 29,000 tons of vegetables and more than 110 million jars of pesto every year. Transaction Description Acquired a majority stake in November 2024 from the Polli family Via Cesare Battisti, 1059, 51015 Monsummano Terme PT, Italy www.polli.com 150+ Years in Business 110M+ Jars of Pesto Produced Yearly 50+ Countries with Customers Photo Gallery Latest News View Full Directory Read More Why Platinum Equity Acquired ‘Proud’ Family-Owned Italian Pesto Sauce Producer Polli In 1872, Fausto Polli opened a small store front selling canned vegetables in the heart of Milan. Since that humble b... Read More Read More Jostens Announces $640 Million Dividend Recap Koch Equity Development invests $450 million, will own minority stake in the business LOS ANGELES (November 12, 2024)... Read More Read More Ingram Micro begins trading on NYSE Stock closed first day of trading up nearly 12% at $24.60 vs IPO price of $22 Offering raised more than $400 million ... Read More Read More 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... Read More Read More Héroux-Devtek Enters into Definitive Agreement to be Acquired by Platinum Equity LONGUEUIL, QC, July 11, 2024 – Héroux-Devtek Inc. (TSX: HRX) (“Héroux-Devtek” or the “Corporation”), a leadi... Read More Read More How Platinum Equity Earned ‘Trust’ as Investment Partner for Kohler Co. In late 2019, Platinum Equity was performing diligence on Kohler Co.’s energy resilience division. Kohler Co., a gl... Read More Read More Platinum Equity Completes Acquisition of Horizon Organic and Wallaby from Danone Leading dairy products brands projected to benefit from Platinum Equity’s carve-out experience and operational experti... Read More Read More Platinum Equity Invests in TAK Communications Firm to partner with TAK’s current shareholders and management team, which will continue as equity partners in the bus... Read More Read More Platinum Equity Completes Sale of Yak Access to United Rentals for $1.1 Billion LOS ANGELES (March 15, 2024) – Platinum Equity announced today that the sale of Yak Access, LLC, Yak Mat, LLC and Ne... Read More Read More Platinum Equity Acquires Premium Rum Blending Specialist E&A Scheer LOS ANGELES (Jan. 11, 2024) – Platinum Equity announced today the acquisition of premium rum blending specialist E&A S... Read More Previous Next Our Portfolio Explore the full Platinum Equity portfolio of companies by transaction type, industry, location or ownership status. Browse Now
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Rise Baking Company
Rise Baking Company Active North America Consumer Private Transaction A leading supplier of bakery products to in-store bakeries and foodservice customers Company Overview Established in 2013, Rise Baking Company is a manufacturer and supplier of bakery products to retail bakeries, food service operators and distributors Extensive product portfolio spanning 18 categories including cookies, pies, cakes, icings, muffins, crispy bars and more Rise Baking Company operates 20 facilities across North America with ~3,800 employees Transaction Description Acquired Rise Baking Company together with Butterfly Equity in November 2024 from financial sponsor 3001 Broadway Street NE, Ste 400, Minneapolis, Minnesota 55413 www.risebakingcompany.com ~3,800 Employees 20 Facilities Across North America 10+ Years in Business Latest News View Full Directory Read More Jostens Announces $640 Million Dividend Recap Koch Equity Development invests $450 million, will own minority stake in the business LOS ANGELES (November 12, 2024)... Read More Read More Ingram Micro begins trading on NYSE Stock closed first day of trading up nearly 12% at $24.60 vs IPO price of $22 Offering raised more than $400 million ... Read More Read More 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... Read More Read More Héroux-Devtek Enters into Definitive Agreement to be Acquired by Platinum Equity LONGUEUIL, QC, July 11, 2024 – Héroux-Devtek Inc. (TSX: HRX) (“Héroux-Devtek” or the “Corporation”), a leadi... Read More Read More How Platinum Equity Earned ‘Trust’ as Investment Partner for Kohler Co. In late 2019, Platinum Equity was performing diligence on Kohler Co.’s energy resilience division. Kohler Co., a gl... Read More Read More Platinum Equity Completes Acquisition of Horizon Organic and Wallaby from Danone Leading dairy products brands projected to benefit from Platinum Equity’s carve-out experience and operational experti... Read More Read More Platinum Equity Invests in TAK Communications Firm to partner with TAK’s current shareholders and management team, which will continue as equity partners in the bus... Read More Read More Platinum Equity Completes Sale of Yak Access to United Rentals for $1.1 Billion LOS ANGELES (March 15, 2024) – Platinum Equity announced today that the sale of Yak Access, LLC, Yak Mat, LLC and Ne... Read More Read More Platinum Equity Acquires Premium Rum Blending Specialist E&A Scheer LOS ANGELES (Jan. 11, 2024) – Platinum Equity announced today the acquisition of premium rum blending specialist E&A S... Read More Read More Platinum Equity to Acquire Horizon Organic and Wallaby from Danone Leading dairy products brands projected to benefit from Platinum Equity’s carve-out experience and operational experti... Read More Previous Next Our Portfolio Explore the full Platinum Equity portfolio of companies by transaction type, industry, location or ownership status Browse Now
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R&B Wholesale Distributors
R&B Wholesale Distributors Private Transaction Active North America Industrials A leading home appliance distributor in the southwestern United States Company Overview Founded in 1968, R&B Wholesale Distributors is a leading home appliance distributor in California, Arizona, Nevada and New Mexico. The company carries over 50 brands of appliances with an emphasis on kitchen and laundry products, including refrigerators, ranges, dishwashers, and washer and dryers. R&B sells primarily through the dealer, builder and property management channels and serves the multi-family, single-family and light commercial end markets. Transaction Description Acquired a majority stake in January 2025 from affiliates of the company's founder 2350 S. Milliken Avenue Ontario, CA 91761 www.rbdist.com 250K+ Square Footage of Warehouse Space 57 Years in Business 130+ Employees Photo Gallery Latest News View Full Directory Read More Platinum Equity Sells Livingston to Purolator North American full-service customs brokerage firm divested following multi-year transformation campaign Platinum Equ... Read More Read More Platinum Equity Invests in R&B Wholesale Distributors Leading regional home appliance distributor looking to expand its reach Transaction extends momentum of Platinum Equi... Read More Read More Why Platinum Equity Acquired ‘Proud’ Family-Owned Italian Pesto Sauce Producer Polli In 1872, Fausto Polli opened a small store front selling canned vegetables in the heart of Milan. Since that humble b... Read More Read More Jostens Announces $640 Million Dividend Recap Koch Equity Development invests $450 million, will own minority stake in the business LOS ANGELES (November 12, 2024)... Read More Read More Ingram Micro begins trading on NYSE Stock closed first day of trading up nearly 12% at $24.60 vs IPO price of $22 Offering raised more than $400 million ... Read More Read More 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... Read More Read More Héroux-Devtek Enters into Definitive Agreement to be Acquired by Platinum Equity LONGUEUIL, QC, July 11, 2024 – Héroux-Devtek Inc. (TSX: HRX) (“Héroux-Devtek” or the “Corporation”), a leadi... Read More Read More How Platinum Equity Earned ‘Trust’ as Investment Partner for Kohler Co. In late 2019, Platinum Equity was performing diligence on Kohler Co.’s energy resilience division. Kohler Co., a gl... Read More Read More Platinum Equity Completes Acquisition of Horizon Organic and Wallaby from Danone Leading dairy products brands projected to benefit from Platinum Equity’s carve-out experience and operational experti... Read More Read More Platinum Equity Invests in TAK Communications Firm to partner with TAK’s current shareholders and management team, which will continue as equity partners in the bus... Read More Previous Next Our Portfolio Explore the full Platinum Equity portfolio of companies by transaction type, industry, location or ownership status. Browse now
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Deal Activity
2025 Deal Activity Deal teams delivered solutions through creative deal structures and in doing so, we completed 73 transactions across private equity and credit DEAL ACTIVITY OUR DEAL CRITERIA 73 Deals in 12 Months 11 Platforms 48 Add-Ons 11 Divestitures 3 Credit Deals Featured Platforms A precision contract manufacturer and provider of value-added services that delivers high-quality sheet metal solutions HQ: Bonham, Texas Industry: Industrials Learn More A provider of high-performance rigid packaging solutions for a range of categories including paints and coatings, chemicals and cleansers, food products, lubricants and more HQ: Hayward, California Industry: Industrials Learn More A vertically-integrated medical supply distribution platform primarily serving the acute care market HQ: Richmond, Virgina Industry: Healthcare Learn More A collection of integrated agencies providing end-to-end solutions for trade shows, corporate events, meetings, conferences, and other live experiences HQ: Chicago, Illinois Industry: Business Services Learn More A pan–European supplier of custom-branded merchandise and promotional goods HQ: Paris, France Industry: Business Services Learn More One of the world’s leading designers and manufacturers of recreational and outdoor living systems HQ: Huntersville, North Carolina Industry: Industrials Learn More A leading provider of inflight entertainment and Wi-Fi connectivity services to the commercial aviation and maritime markets HQ: Lombard, Illinois Industry: Media and Telecommunications Learn More A leading provider of landing gear and actuation systems HQ: Longueuil, Canada Industry: Aerospace & Defense Learn More A leading home appliance distributor in the southwestern United States HQ: Ontario, California Industry: Industrials Learn More A precision contract manufacturer and provider of value-added services that delivers high-quality sheet metal solutions HQ: Bonham, Texas Industry: Industrials Learn More A provider of high-performance rigid packaging solutions for a range of categories including paints and coatings, chemicals and cleansers, food products, lubricants and more HQ: Hayward, California Industry: Industrials Learn More A vertically-integrated medical supply distribution platform primarily serving the acute care market HQ: Richmond, Virgina Industry: Healthcare Learn More A collection of integrated agencies providing end-to-end solutions for trade shows, corporate events, meetings, conferences, and other live experiences HQ: Chicago, Illinois Industry: Business Services Learn More A pan–European supplier of custom-branded merchandise and promotional goods HQ: Paris, France Industry: Business Services Learn More One of the world’s leading designers and manufacturers of recreational and outdoor living systems HQ: Huntersville, North Carolina Industry: Industrials Learn More A leading provider of inflight entertainment and Wi-Fi connectivity services to the commercial aviation and maritime markets HQ: Lombard, Illinois Industry: Media and Telecommunications Learn More A leading provider of landing gear and actuation systems HQ: Longueuil, Canada Industry: Aerospace & Defense Learn More A leading home appliance distributor in the southwestern United States HQ: Ontario, California Industry: Industrials Learn More Featured Divestitures Husky Merger Signed November 2025 (Closed January 2026) Unical Signed November 2025 MARS Parts MARS November 2025 TruckPro Merger October 2025 Curtis Instruments Rehlko September 2025 Intellirent Electrorent May 2025 Livingston January 2025 View More View Less Featured Add-ons XD Connects Solo December 2025 Maple Hill Horizon Family Brands November 2025 NCH Corporation Solenis November 2025 evo Pelican October 2025 Chantelle Hop Lun August 2025 Tobago Hop Lun August 2025 The Wilmott Group Rehlko August 2025 ConsumerVoice Centerfield August 2025 Essaypop McGraw Hill March 2025 View More View Less Featured Credit Deals RecapitalizationFirst lien term loanA global provider of film and photo solutions; and a leading global provider of data capture and processing solutions to enterprises and consumers. RefinancingFirst lien term loanSupplier of design-assist engineering and manufacturers’ representation services [1] Deal activity reflects private equity and private credit buy and sell-side transactions signed or closed between January 1, 2025 – December 31, 2025. [2] Transactions listed above include buy and sell-side transactions that signed and closed across multiple years, with each transaction counted in activity totals for both the signing and closing year. Such transactions listed above have been included for illustrative purposes only and consist of transactions consummated by Platinum in which a press release was issued on www.platinumequity.com. This is not a complete list of investments or divestments made by the Platinum funds. 13 Industries IN 12 MONTHS Aerospace Building Products Business Services Chemical Consumer Distribution Education Services Equipment Rental Hospitality Industrials Media & Entertainment Technology Transportation & Mobility Our Deal Criteria Platinum Equity seeks to acquire businesses spanning a wide range of industries, sizes and geographies that can benefit from our highly specialized M&A&O® strategy. Private Equity Acquisition Profile Businesses with enterprise values from $100 million to $10 billion All industries All geographies Private Equity Transaction Capabilities Corporate divestitures Public-to-private transactions Private transactions Special situations Private Credit Investment Profile Debt capital for acquisitions, dividends, growth financings, recapitalizations and refinancings Variety of credit types, including first lien senior secured, second lien senior secured, unsecured and subordinated Businesses with $15 to $75 million of EBITDA Primarily based in North America Featured Stories View Stories Year In Review: Platinum Equity Celebrates 30th Anniversary During a Year of Creative Dealmaking, Notable Exits and Another Successful Capital Raise Platinum Equity celebrated its 30th anniversary in 2025, a year that underscored the strength of its investment philosophy, the depth of i... Read More Inside the Husky-CompoSecure Merger: A Conversation with Platinum Equity's Louis Samson and Delara Zarrabi Platinum Equity made headlines when it announced a creative exit for portfolio company Husky Technologies: a $7.4 billion merger with Comp... Read More Platinum Equity Co-President Louis Samson on PE Hub Podcast: Creativity, Cultivating Relationships Key to Success in Current M&A Environment Louis Samson, co-president at Platinum Equity, recently joined PE Hub’s Mary Kathleen Flynn and Dipanjan ‘DJ’ Deb, co-founder of Fra... Read More Platinum Equity's Club Room Conversation Highlights Firm's Female Leaders To recognize Women’s History Month, Platinum Equity recently gave employees an opportunity to hear from five female executives in what w... Read More Platinum Equity’s 2024 Highlighted by $12.4B Fund VI Close, Ingram IPO, Deal Uptick In spite of a challenging climate for fund raising, Platinum Equity Capital Partners VI (“Fund VI”) closed in 2024 with $12.4 billion ... Read More Why Platinum Equity Acquired ‘Proud’ Family-Owned Italian Pesto Sauce Producer Polli In 1872, Fausto Polli opened a small store front selling canned vegetables in the heart of Milan. Since that humble beginning, the Polli ... Read More Platinum Equity Carveout Experience, Expected Growth in Organic Milk Market Fuels Horizon Investment Earlier this year, Platinum Equity acquired a majority interest in Horizon Organic from Danone. The deal also included the Wallaby brand, ... Read More Platinum Equity Acquisition of Sunrise Medical Recognizes 'Important' German Market The deal is an example of Platinum Equity’s growing presence in Europe, marking the firm’s first deal in the European healthcare secto... Read More Platinum Investment in Tak Fueled by Expected Rise of Fiber Platinum Equity’s Small Cap team led the TAK investment. The company’s owners and management retained a significant ownership stake in... Read More How Platinum Equity Earned ‘Trust’ as Investment Partner for Kohler Co. In November 2023, Kohler selected Platinum Equity as the majority investment partner in its standalone energy resilience business, Kohler ... Read More Year In Review: Platinum Equity navigates choppy 2023 with carveouts, deals in multiple sectors Platinum Equity navigated a challenging year for private equity by sticking to its core investment strategies. Read More Platinum Equity’s acquisition of Tarter Farm and Ranch another example of ability to tailor solutions for founder-owned businesses seeking outside investment Tarter Farm and Ranch Equipment is a well-known brand that provides mission-critical products for farmers and ranchers in the U.S. The co... Read More As headwinds sidelined strategic buyers, Platinum stepped up to deliver speed and certainty for Calderys carveout and HarbisonWalker add-on By offering a creative financing solution for the combined consideration of $1.2B and by negotiating advantageous contractual terms, Plati... Read More Platinum Equity, Solenis executives: Diversey merger creates broader, more global platform Announced earlier this year, Solenis has formally acquired Diversey in an all-cash transaction valued at $4.6 billion. Read More Year In Review: Platinum Equity marks an impactful 2022 with new platforms, 61 add-ons, ESG strides and philanthropic outreach After a record-breaking 2021 for M&A, deal activity slowed globally in 2022. The reasons for the slowdown are well-reported, but it was st... Read More How commitment and resources drive Platinum Equity’s European momentum The ability to execute European-headquartered global, pan-European, and domestic complex deals speaks to Platinum Equity’s commitment an... Read More Why Platinum Equity likes ‘high velocity M&A’ opportunity in UK property services market Acquisition of Leaders Romans Group amplifies European momentum because of its place in the UK property market Read More How Ball Metalpack $1.35 billion divestiture shows Platinum Equity can be a ‘trusted partner’ to corporate sellers Stakeholders give insight into how good relations and trust are vital when it comes to corporate partnerships Read More Platinum Equity lands largest deals in firm history to highlight bustling 2021 Platinum produces landmark year featuring 17 deals valued at more than $1 billion each, with investments in familiar sectors, industry lea... Read More Pelican Products brings strong brand loyalty, new sector to Platinum Equity portfolio In Q&A, firm executives explain opportunities for growth with Pelican’s durable, well-received protective cases Read More Why Solenis, Sigura Water $6.5 billion merger is a good fit for Platinum Equity Platinum Equity executives explain the path forward after $5.25 billion investment in Solenis Read More $4.2 billion Urbaser deal adds to Platinum Equity’s European momentum Managing Director Igor Chacartegui talks about the importance of trust, relationships and ESG in Platinum’s latest European buyout Read More Why Platinum Equity believes in SVP Worldwide's efforts to make ‘sewing more accessible’ The maker of Singer sewing products has capitalized on a growing market by attracting Millennials, shift to machines in developing countri... Read More How potential for ‘digital transformation’ is a main reason for Platinum Equity’s $4.5 billion acquisition of McGraw Hill Platinum Managing Director Luke Myers explains how McGraw Hill’s future is tied to growth of digital learning Read More ‘Opportunity for significant upside’ driving force behind Custom Truck One Source-Nesco merger Platinum satisfies multiple constituents to create one-stop provider of specialty rental equipment to meet growing infrastructure demands Read More Year in review: Platinum Equity delivers landmark 2020 with adaptability, execution In trying to describe 2020, words do not come easy. Unforgettable does not cut it. Catastrophic does not consider the resilience shown by ... Read More Why Platinum Equity’s $7.2 billion agreement to acquire Ingram Micro represents a ‘new frontier’ for firm Platinum officials explain the future and potential of tech industry leader that is firmly entrenched on Fortune 100 list. Read More Why Platinum Equity acquired Italian winemaker in spite of COVID-19 challenges The April 6 issue of Axios' daily dealmakers newsletter called Platinum Equity's acquisition of Farnese Vini the day's most notable transa... Read More How Platinum Equity’s Small Cap team has put experience and capital to work during COVID-19 crisis Theater goers have not exactly flocked back to movie houses in the U.S. Read More Previous Next Contact Us * US LBM is equally owned and controlled with funds managed by Bain Capital. For illustrative purposes, Featured Add-ons and Featured Divestitures do not represent all Platinum Equity transactions during the period.
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News Latest News Read More Jostens Announces $640 Million Dividend Recap Koch Equity Development invests $450 million, will own minority stake in the business LOS ANGELES (November 12, 2024)... Read More Read More Ingram Micro begins trading on NYSE Stock closed first day of trading up nearly 12% at $24.60 vs IPO price of $22 Offering raised more than $400 million ... Read More Read More 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... Read More Read More Héroux-Devtek Enters into Definitive Agreement to be Acquired by Platinum Equity LONGUEUIL, QC, July 11, 2024 – Héroux-Devtek Inc. (TSX: HRX) (“Héroux-Devtek” or the “Corporation”), a leadi... Read More Read More How Platinum Equity Earned ‘Trust’ as Investment Partner for Kohler Co. In late 2019, Platinum Equity was performing diligence on Kohler Co.’s energy resilience division. Kohler Co., a gl... Read More Read More Platinum Equity Completes Acquisition of Horizon Organic and Wallaby from Danone Leading dairy products brands projected to benefit from Platinum Equity’s carve-out experience and operational experti... Read More Read More Platinum Equity Invests in TAK Communications Firm to partner with TAK’s current shareholders and management team, which will continue as equity partners in the bus... Read More Read More Platinum Equity Completes Sale of Yak Access to United Rentals for $1.1 Billion LOS ANGELES (March 15, 2024) – Platinum Equity announced today that the sale of Yak Access, LLC, Yak Mat, LLC and Ne... Read More Read More Platinum Equity Acquires Premium Rum Blending Specialist E&A Scheer LOS ANGELES (Jan. 11, 2024) – Platinum Equity announced today the acquisition of premium rum blending specialist E&A S... Read More Read More Platinum Equity to Acquire Horizon Organic and Wallaby from Danone Leading dairy products brands projected to benefit from Platinum Equity’s carve-out experience and operational experti... Read More Previous Next Filter by: Year: All 2024 2023 2022 2021 2020 2019 2018 or older Article Type: All Article Press Release Transaction Type All Corporate Divestiture Private Transaction Public to Private Industry ALL Consumer Financials Healthcare Industrials (included Materials) Media & Telecom Natural Resources Real Estate Retail Technology Sort by: New | Old December 17, 2024 Test draft ... Read more Press Releases • December 13, 2024 Platinum Equity Completes Acquisition of Polli, Italian Producer of Pasta Condiments and Vegetable Preserves LOS ANGELES (December 13, 2024) – Platinum Equity announced today that the acquisition of a majority stake in F.lli Polli S.p.A. ("Polli"), a leading producer of pasta condiments and vegetable preserves, from affiliates of the founding Polli family has been completed. Financial terms of the transaction were not disclosed. The Polli family retained a minority stake in the business together with CEO Marco Fraccaroli, who will continue to lead the company. Founded in 1872, Polli is an Italian producer of pasta sauces, food in-oil, olives, pickles, and condiments to customers in over 50 co... Read more December 12, 2024 Why Platinum Equity Acquired ‘Proud’ Family-Owned Italian Pesto Sauce Producer Polli In 1872, Fausto Polli opened a small store front selling canned vegetables in the heart of Milan. Since that humble beginning, the Polli family has grown the business to become a leading European producer of pesto and pasta sauces. The company today operates four plants in which more than 130 different raw materials are processed, producing approximately 29,000 tons of vegetables and more than 190 million packages every year. A core segment of the business is private label pesto where the company has a leading position in supplying products to European grocery store chains. Traditiona... Read more December 06, 2024 Platinum Equity Invests in HVAC/R Distributor Global, The Source Global to join forces with Motors & Armatures; Philip Windham named CEO of growing HVAC/R platform LOS ANGELES (December 6, 2024) – Platinum Equity announced today a significant investment in Global, the Source (“Global”), a leading master distributor of HVAC/R components, and its subsidiary AmRad Manufacturing LLC. The transaction marks Platinum Equity’s second investment in the HVAC/R industry this year. In July, the firm invested in Motors & Armatures Inc. (MARS). Global and MARS, which have a longstanding history, will now join forces, helping strengthen the pro... Read more December 02, 2024 How Oregon Tool, Other Platinum Equity Portcos Aided Hurricane-Stricken Areas While Hurricane Helene was causing devastating flooding in western North Carolina in late September, Oregon Tool technical sales specialist Millard Kidder and other members of his team were making plans to travel to the area to lend a helping hand. Called the Oregon Tool Disaster Response Team, the group deploys teams across the country to help after natural disasters. From the program’s first relief mission to the East Coast after Hurricane Sandy in 2012 to recent disaster relief, the team has offered support for first responders, utility crews, residents and tree services working to rem... Read more Press Releases • December 02, 2024 Platinum Equity's Credit Team Leads Acquisition Financing for Branding Iron Holdings LOS ANGELES (Dec. 2, 2024) – Platinum Equity announced today it provided financing to Branding Iron Holdings in connection with Kingswood Capital Management’s recent acquisition of the company. Branding Iron is a leading provider of branded and private label protein products, with a core focus on frozen and refrigerated ground meats. “We are pleased to provide Kingswood and Branding Iron an acquisition financing solution to support their long-term ambitions for the company. We know the business and the sector well and believe our industry experience makes us a valuable long-term pa... Read more 123… 102 Subscribe to Our Mailing List Enter Your Email Address Sign up to receive news, updates and information
Read MorePlatinum Equity to Sell The San Diego Union-Tribune to Doug Manchester
Los Angeles and San Diego, CA – Platinum Equity announced today it has signed a definitive agreement to sell The San Diego Union-Tribune (“Union-Tribune” or “U-T”) to MLIM LLC, owned by San Diego entrepreneur, Doug Manchester. San Diego media executive John Lynch serves as President and CEO of MLIM. Terms of the agreement were not disclosed. The transaction is expected to close no later than December 15. No further comment will be provided until the ownership transfer is complete. "We are very proud of what we have accomplished in San Diego and are grateful to the community for embracing our stewardship of the Union-Tribune," said Platinum Equity's Louis Samson, whose team led the Union-Tribune acquisition in 2009. "We came here at a difficult time for the newspaper industry and helped the Union-Tribune successfully transform its operations and re-invent itself by attracting terrific people and investing in their ideas and their passion.” “This is an honor and a privilege for John Lynch and the Manchester family. We have strong roots in the San Diego community and we are pleased to bring our local perspective and passion for this region to the Union-Tribune,” said Mr. Manchester. “Taking ownership of a 143-year-old Pulitzer Prize-winning news organization comes with great responsibility. We believe San Diego is the finest city in America and pledge to be strong advocates for the city’s interests and conscientious caretakers of the Union-Tribune and its legacy.” Mr. Manchester added that his team plans to build on the U-T’s recent success. “We look forward to building on the foundation that has been established by current management and ownership, serving the community and working towards a fully integrated digital and print news media platform,” said Mr. Manchester. The sale is the culmination of a series of operational initiatives executed under Platinum’s ownership that have helped transform the Union-Tribune from a struggling traditional newspaper publisher into a modern and innovative multimedia platform. “We assembled a talented management team, unified and expanded the U-T’s print and online offerings, modernized its production technology, and cemented its position as the leading local media company in the region,” added Mr. Samson. “Most importantly, we engaged the community and the Union-Tribune is a stronger, more vital enterprise today thanks to its connection with the people of San Diego.” Platinum acquired The San Diego Union-Tribune from the Copley Press in May 2009 and quickly installed new management, including industry veteran Ed Moss as publisher and president, and Jeff Light, an experienced editor with a background in multimedia and interactive, as editor. A Platinum operations team also worked inside the business to support the early transition to new ownership and drive many of the longer-term transformation initiatives. In August 2009, the Union-Tribune launched a new advertising offering that allowed micro-zoning for small business advertisers at lower, localized rates and an editorial effort to drive more local news coverage to targeted communities in San Diego. That effort was followed by the introduction of multiple new products targeted at specific categories to provide maximum response for local businesses. In December 2009, a new pagination system was installed to significantly streamline the newspaper’s production process. In April 2010, the Union-Tribune launched its Daily Deal program as part of an effort to diversify its revenue base beyond traditional advertising and other sources. In August 2010, the Union-Tribune completed a total re-design of the newspaper and its online property signonsandiego.com. In November 2010, the Union-Tribune launched an unprecedented company-wide initiative with its Union-Tribune Holiday Food Drive. To continue its community outreach efforts, in September 2011, the company kicked off its Union-Tribune Volunteer for Education Campaign. In April 2011, the Union-Tribune acquired the online lifestyle property DiscoverSD.com, providing expanded reach with a younger demographic and strengthening the Daily Deal program. Earlier this month, the company announced the launch of Vida Latina San Diego, an entertainment magazine offering Spanish-language content to consumers and an additional channel for advertisers to reach the Hispanic demographic. As a consequence of these and other efforts, the Union-Tribune has expanded its readership, improved its financial performance and is providing new and improved content for readers with more options for advertisers. “We look forward to utilizing our ties to the community and local strength to expand upon the innovative methods already in place at the Union Tribune, strengthening the organization’s mission to be San Diego’s media provider of choice,” said Mr. Manchester. Both Mr. Manchester and Mr. Lynch have been active proponents and supporters of numerous San Diego charities. A lifelong San Diego resident, Mr. Manchester has been particularly committed to the community and will now bring his local ties to The San Diego Union-Tribune. Platinum Equity is being advised by Evercore Partners on the sale of the Union-Tribune and MLIM is being advised by Roth Capital Partners. About Platinum Equity Platinum Equity (www.platinumequity.com) is a global M&A&O® firm specializing in the merger, acquisition and operation of companies that provide services and solutions to customers in a broad range of business markets, including information technology, telecommunications, logistics, metals services, manufacturing and distribution. Since its founding in 1995 by Tom Gores, Platinum Equity has completed more than 125 acquisitions. About MLIM LLC Businessman, Visionary, Industrialist and Philanthropist Doug Manchester has investments and experience in real estate, publishing, radio broadcast, telecommunication, medical instrumentation, oil and gas and hotel ownership. After completing a career in professional football career, John Lynch went on to work for the Chicago Tribune, and then to grow the Noble Broadcast Group in San Diego from one station to one of the largest private broadcast companies in the nation, ultimately selling it to Clear Channel Communications. About The San Diego Union-Tribune The San Diego Union-Tribune, LLC, owned by an affiliate of Platinum Equity, is San Diego County’s leading local media company, with products covering 98 percent of all San Diego County households in a given week. The San Diego Union-Tribune and its website, SignOnSanDiego.com, are the leading local sources for news, entertainment, information and classifieds in San Diego County. Together, they reach nearly 1.3 million San Diegans each week. In 2009, The San Diego Union-Tribune won its second Pulitzer Prize, which was awarded to Steve Breen for his editorial cartoons. The newspaper has a late week circulation of 261,298, with nearly 598,000 daily readers; Sunday circulation is 293,332, with readership of nearly 815,000. The newspaper’s Web site, SignOnSanDiego.com, is the leading local online source for news, entertainment information and classifieds in San Diego, with nearly 27 million page views and nearly 3.54 million unique users in a typical month. Other Union-Tribune products include Enlace, which has the largest distribution of any Spanish-language publication in the County. (The San Diego Union-Tribune circulation, readership and online figures are based on the Audit Bureau of Circulations 2010 annual audit).
Read MorePlatinum 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. 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. “Terratest is a leader in its industry with a well-recognized brand, strong management, talented employees and differentiated technologies,” said Platinum Equity Partner Jacob Kotzubei, who leads the team that executed the investment. Enrique Torres, a 28-year veteran of Terratest who has been CEO since 2010, will continue to lead the company under Platinum Equity’s ownership. “Platinum Equity’s investment is great news for our business. We now have strong financial backing and additional strategic and operational resources to help us grow,” said Mr. Torres. “We have an expanding backlog of new business and all the tools we need to maximize our potential.” Platinum Equity worked closely with Terratest and its lending syndicate to develop and execute a recapitalization plan that deleveraged the business and resulted in Platinum Equity becoming majority owner. “We developed a transaction that provided a solution for the lenders, a healthy balance sheet for the company, and an opportunity for Platinum Equity to create value through growth and enhanced operational performance,” said Mr. Kotzubei. “With the recapitalization complete, Terratest can continue to focus on providing the world-class engineering services its known for to a global customer base.” Under Mr. Torres’ leadership, Terratest has diversified in recent years beyond Spain and today also does business throughout Europe, Latin America, Africa and the Middle East. Mr. Kotzubei said Platinum Equity’s M&A and operations teams will work with Mr. Torres and Terratest’s executive management team to support the company’s continued expansion. “Terratest is now a great platform for growth and we will pursue opportunities to expand the business and its services both organically and through potential add-on acquisitions,” said Mr. Kotzubei. Sigrun Partners served as financial advisor to Platinum Equity on the Terratest investment and Gómez-Acebo & Pombo served as Platinum Equity’s legal advisor. About Platinum Equity Founded by Tom Gores in 1995, Platinum Equity is a global investment firm with more than $7 billion in assets under management and a portfolio of operating companies that generated approximately $15 billion in revenue in 2013. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy the firm calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, information technology, telecommunications, transportation and logistics, media, equipment rental, metals and other industries. Over the past 19 years Platinum Equity has completed more than 150 acquisitions. For more information, visit Platinum Equity’s website: www.platinumequity.com.
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