As headwinds sidelined strategic buyers, Platinum stepped up to deliver speed and certainty for Calderys carveout and HarbisonWalker add-on

Home / News / 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, Platinum navigated a challenging M&A market to create a platform poised for additional growth and investment.In a matter of 20 days, Platinum closed a €930m EV carveout deal for the refractories business of French-headquartered corporate Imerys, plus the transformative add-on of HarbisonWalker International (HWI), a U.S.-based refractory company. The combined businesses will operate under the name Calderys.The Imerys deal emerged as a carveout from a multinational business at a moment when little M&A activity was happening.Platinum had worked on other divestment opportunities with Imerys in the past and was closely tracking the situation. Imerys is a complex firm, really a mining business specializing in minerals, and its refractories business was a downstream division. The refractories division grew to the point where it was time to be a standalone company, in part because in some cases, it was competing against Imerys’ clients.When Imerys brought the refractories business to market, they needed a partner that could assess and see the value through extensive complexity. Platinum approached the carveout solution holistically. The team also offered certainty around the financing – something strategics and sponsors could not do in the moment because most would have had to conduct a capital raise in a jittery market. At the same time, a U.S.-based refractories business came to market, and Platinum was able to pursue the opportunities in tandem with an eye toward the long-term potential of building Calderys as a truly global platform with a transformative add-on. “These businesses are a natural fit for Platinum and vice versa. We came to the table with our carveout capabilities, our history of building assets into platforms, and our experience with specialty materials, and these all add to the operational resources that we can put behind these global businesses.” Louis Samson, Co-President, Platinum Equity “These businesses are a natural fit for Platinum and vice versa,” said Platinum Equity Partner Louis Samson. “We came to the table with our carveout capabilities, our history of building assets into platforms, and our experience with specialty materials, and these all add to the operational resources that we can put behind these global businesses.”Calderys and HWI are both suppliers and service providers in the refractories space. Refractories are materials used in extremely high heat settings, with clients in the iron and steel, thermal and foundry markets. Calderys is headquartered in Paris, France, while U.S.-based HWI is in Pittsburgh, Pennsylvania. Both companies have global operations and clients across 16 countries.Q: These deals closed in January and February of 2023, in a period of high uncertainty across the M&A market. How did they come to pass, in that environment?Samson: For starters, Platinum is always open for business. That mindset is core to our investment philosophy. Every market environment presents risks and opportunities. In one characterized by uncertainty, there’s an opportunity to be reliable when others are hesitant, and there’s an opportunity to acquire good assets at compelling values.Vorderwuelbecke: The environment actually drove this deal to market, in a sense, because carveouts are a source of liquidity for sellers when financing options are more expensive or unavailable. Companies see the opportunity to divest from non-core assets to generate cash to focus on their priorities.Itani: Agreed. The markets also affected who was vying for the deal. Strategics had looked at Calderys in the past and they looked again this time, but with depressed public equity values and the headwinds in the broader industrial environment, they were not in a strong position to compete for the deal.Q: What made this carve-out more complex or unique than usual?Vorderwuelbecke: Because the seller’s initial process was focused on strategics, the materials prepared were different than what most sponsors would normally require – but we were ready and flexible as they pivoted the process. We were able to put together a carveout plan in short order and really guide the seller through that new framework together.Samson: Carveouts are an area of expertise for us. We have on our team the capabilities and resources to create infrastructure – the treasury team, the IT function, etc., – while also crafting a strategic vision for building this business into a global platform. We put a carveout team in place immediately, with seven full-time equivalent staff, multi-disciplinary, plus two M&A operations team members as extended support.Q: And how did the HWI add-on happen nearly simultaneously?Vorderwuelbecke: We were watching the refractory space very closely, so we were ready to bid when HWI came to market. In fact, we put in our HWI bid on the same day our Calderys offer was signed, and they closed three weeks apart. The synergies were immediately clear. These two assets give each other a footprint expansion, cross-selling opportunities and operational synergies.Q: In what ways are these typical Platinum deals?Vorderwuelbecke: There are quite a few Platinum markers on these deals, actually. Our strength with carveouts, as Louis mentioned, made these a clear fit for Platinum, as we were ready to stand these assets up with the structure they need. The transformative add-on piece is a typical Platinum play. We also have a growing list of investments with this kind of multi-national profile.Itani: The deals also leveraged our experience in the materials sector. We have a long history in this area, with our investments in companies like Ryerson, PNA, Kymera, Ecka, etc. And as Malik mentions, our footprint in Europe continues to expand, so it’s great to see the momentum strengthening even in a difficult deal environment.Q: Is there anything atypical about the deals?Samson: Aside from needing a creative financing solution, the structure of the HWI purchase was atypical, because the assets were part of a legacy asbestos trust. That made for complex seller dynamics, across the trust and the different stakeholders. We called on our experience negotiating other situations with multiple owners who were not necessarily aligned in their interests. Ultimately, we saw the value in the asset and we didn’t shy away from complexity. We put our heads together and found a way to make it work. From the outset, we were flexible about the deal structure and ready to act fast. This stance offers deal certainty to the seller, which is at times more important to sellers than the final price.Q: Speaking of our typical approach, what are the operational opportunities here?Vorderwuelbecke: There are obvious synergies to bringing these two businesses together, cost savings, plus an opportunity to refocus strategy as we build these out with Calderys as a global platform. As soon as the transactions closed, we moved most of our deal team members into the Transition and Value Creation (portfolio operations) roles. Then we have our usual tools, the systems we use to identify product margins and help the management allocate resources. We can contemplate meaningful investment to focus and grow this business in a different way than was possible as part of a bigger organization. It’s a very fragmented market, so there is also substantial opportunity to explore additional acquisitions.Samson: The market environment is a factor in how these deals came together but the operational opportunities are much more long term. We are positioning Calderys for the materials-intensive era that we see continuing well beyond the boundaries of this immediate cycle.

How $35M renewal of Alabama refractory plant is a ‘remarkable’ story for HarbisonWalker

Home / News / How 35m Renewal Of Alabama Refractory Plant Is A Remarkable Story For Harbisonwalker

FAIRFIELD, Ala. – The shuttered plant was in rough shape. During a 2021 visit to check the condition of the idled plant, which once manufactured refractory products used for aluminum production, HarbisonWalker International representatives Kevin Ballard and Jason West came upon a scene where Mother Nature was winning. Ballard, vice president of operations and engineering, recalled the visit in June. “Weeds were high, and some pigeons had found homes in the rafters,” Ballard said. West, director of engineering and maintenance, who lives in nearby Jasper, worked at the location before it closed. “After working there for so long, you remembered all the people and everything moving around when you walked in,” he said. “You could hear a pin drop.” But as Ballard and West walked the vacant plant that day, they envisioned its potential. Ballard and West’s trip to the former Alabama plant was a part of HWI’s company-wide initiative to respond to a surge in new steel production facilities in the southern United States. With a Michigan plant running to full capacity to fulfill increasing steel demands, the two men realized that with a major refurbishing effort, a problem could be solved in this small town a short distance from downtown Birmingham. Although other sites were considered, HWI announced in early 2022 it would convert the property into a manufacturing, service, and distribution hub for southern U.S. steel customers. The company eventually invested more than $35 million in the 200,000-square-foot space that re-opened as HWI's “AL1” plant in late December 2022. Shortly after the re-opening, Platinum Equity completed the acquisition of HWI, and began merging the company with Calderys, a global provider for industries operating in high-temperature conditions. HWI has officially rebranded as ‘HWI, a member of Calderys’ and is now the brand for the Americas region in the group. AL1 was a natural place for Platinum Equity executives to meet with Calderys and HWI leadership in late June. Ross Wilkin, senior vice president of the Americas region of Calderys, calls the new facility “remarkable.” “We were able to revitalize an obsolete facility and create a full-service hub to better serve our customers in the South while advancing technologies and our environmental commitments – all at a cost of slightly more than $35 million,” Wilkin said. “If we were to build an entirely new space, it would have cost us more than double that amount. “AL1 is a remarkable story of renewal, innovation, sustainability and customer responsiveness.” Currently, the facility employs approximately 30, with plans to employ up to 50 people. The plant will eventually produce 30,000 metric tons of refractory bricks per year.Refractory materials are vital for steel production Refractory materials are used by virtually every industry that requires manufacturing in high temperatures. Think glass, cement, aluminum – and steel. “The refractory world is in everything we touch, you just don't always think about it or know it,” West said. “Steel is all around us. The roads, the bridges you drive on. The signs that showed you how to get here, the plane that flew you down here.” While a decline in the aluminum market led to the Alabama facility’s closure in 2019, U.S. steelmakers’ growing demands resulted in reaching full capacity at HWI's Michigan plant a couple of years later. Located in White Cloud, a town north of Grand Rapids on the west side of the state, the plant currently produces 90,000 metric tons per year. After the passing of the $1.2 trillion Infrastructure Investment and Jobs Act in 2021, the American Iron and Steel Institute, an association of North American steel producers, estimated 5 million metric tons of steel will be needed for every $100 billion of direct infrastructure spending in the legislation. The bill also dictates that steel produced in the U.S. must be used for infrastructure projects. This implied a growing need of refractory products, especially magnesia carbon bricks, from southern steel producers to protect their furnaces from molten steel that would otherwise melt production containers. “Our White Cloud plant was working seven days a week, 365 days a year, and products needed to be shipped the distance to customers’ new southern locations,” Ballard said. “Repurposing the Alabama facility aligned perfectly with the steelmaking expansion in the South.” The new facility addresses HWI’s commitment to environmental responsibility while utilizing some of the most advanced manufacturing processes for brick refractories. From raw material entry to robotic presses and packaging, its automated processes are expected to result in high-quality control and production efficiencies. Adding to its environmentally sound features, the facility was revitalized under Alabama Brownfield redevelopment regulations. HWI refurbished the plant with managing resources in mind, including energy savings measures and electric lift trucks. Ballard credits the HWI engineering team for completing most of the extensive overhaul in such a short period of time. “Our strategic location to customers means a reduction in our carbon footprint since we’re using less fuel to ship products,” West said. Quality assurance manager Ben Baxter said: “Efficiencies are everywhere here. Our teams can run most of our operations through the touch of an iPad.” The plant renewal brought media coverage and local officials praised HWI. “We are excited to work with HarbisonWalker International to bring jobs to the Fairfield area of Jefferson County,” Jefferson County commissioner Steve Ammons said in a news release. “Providing more and better opportunities for our citizens is our goal in working with companies and municipalities.”

Michigan announces Cabinetworks Group adding 110 jobs, relocating corporate headquarters to Detroit suburb

Home / News / Michigan Announces Cabinetworks Group Adding 110 Jobs Relocating Corporate Headquarters To Detroit Suburb

Michigan officials announced recently that Cabinetworks Group will add 110 corporate and professional services jobs while moving its headquarters from Ann Arbor, Mich., to a nearby Detroit suburb.Gov. Gretchen Whitmer and the Michigan Economic Development Corporation said the cabinet manufacturer plans to “centralize corporate functions to better serve its customer base and to attract and retain talent by relocating to a Livonia, Mich., facility that is being improved and renovated.” The state will award the company a $600,000 grant as part of the expansion. “Cabinetworks is driving $14.2 million of investment and creating 110 good jobs in southeast Michigan, underscoring the strength of our talented workforce and building on our economic momentum," Whitmer said in the release announcing the move. “We're pleased to support Cabinetworks' expansion in Livonia and look forward to working with the company as it continues to grow here and add jobs for Michiganders. Together, we can continue to send a clear message that everyone is welcome to make it in Michigan.” Cabinetworks is the largest independently owned manufacturer and distributor of kitchen and bath cabinets in the U.S. The company is currently making significant improvements and renovations to create a modern headquarters incorporating the latest technology to facilitate teamwork and collaboration among its more than 8,000 employees nationwide. Platinum Equity acquired Cabinetworks in 2021. The Detroit Regional Partnership has also offered marketing assistance and talent recruitment in support of the project. “I appreciate the support and warm welcome we’ve received from the Detroit Regional Partnership,” Cabinetworks CEO John Barkhouse said in the release. “Our entire team is excited about our future in Michigan and we’re looking forward to establishing roots in Livonia. We’re energized and ready to grow here.”

Unical Aviation CEO Sharon Green: How focus on operations, efficiency, has fueled growth at aftermarket aircraft parts supplier

Home / News / Unical Aviation Ceo Sharon Green How Focus On Operations Efficiency Has Fueled Growth At Aftermarket Aircraft Parts Supplier

Sharon Green was on the General Electric Co. transition team following the sale of GE Capital Aviation Services to Irish aircraft leasing giant Aercap, a deal worth $30 billion.As the transition period was winding down, Green received several calls from a headhunter representing Platinum Equity. It was seeking an experienced executive to run Unical Aviation, which Platinum Equity acquired in July 2021. The Small Cap investment team led the acquisition.But Green ghosted the calls – she readily admits to a previous negative perception of private equity. But on the third call, the recruiter identified herself as working for Platinum Equity. Green recalled a friend, who had worked for one of the firm’s portfolio companies, speaking highly of the firm based in Beverly Hills, Calif.After Green was named CEO at the global supplier of aftermarket aircraft parts and services in January 2022, she studied the possibility of moving the company from its City of Industry headquarters in the suburbs east of Los Angeles.After presenting cost justifications to Platinum Equity Managing Director Dori Konig, Unical Aviation decided to relocate to Glendale, Ariz. Earlier this year, 18-wheelers began loading more than 85 million spare parts from the company’s warehouse.“We had 30 to 50 trucks moving continuously for about 16 weeks,” Green said. “We joked that we may have created a blip in the transportation market in California for a couple of months.”The restructuring didn’t stop there.The company has completed two acquisitions – Arizona-based CAVU Component Repair in 2022 and this year’s Miami-based iAeroThrust LLC, the latter renamed QuickTurn as part of a joint venture with New York-based FTAI Aviation Ltd.She also recruited an executive team with resumes built with top industry players within the used serviceable materials (USM) market to get the company thinking globally.The payoff?Momentum from the restructuring has helped the company return to operating at pre-pandemic levels.“We’ve focused on operations and efficiency, and had no layoffs,” Green said.She’s now eyeing a fast-growing spare parts business that is experiencing rising global sales because of a broad recovery in air travel, with Asia becoming an emerging market for Unical Aviation.Green recently discussed changes at Unical Aviation, her vision for the business and thoughts on private equity and how Platinum Equity stands out.(Answers have been edited for clarity and length).PE: Why were headquarters moved?Green:  Our entire global operations were centered in Los Angeles which has a high cost of doing business. Lease rates in the City of Industry were some of the highest in the nation and rising. We explored other aviation hubs and determined moving into neighboring Arizona produced significant financial savings without lengthy disruption to the business. As an added bonus, we discovered access to trained labor, from mechanics to accountants, was much improved.PE: Why did you join Unical?Green:  I wasn’t looking. But then a headhunter called. They called and called, and finally mentioned Platinum Equity. One of my very good friends worked for a different portfolio company of Platinum, and she sang Platinum praises.Based on her recommendation, I took the call and visited Southern California and found Unical to probably be one of the best-kept secrets I have ever seen in the aviation business – a gigantic parts facility, maintenance, repair and overhaul operations (MRO) with wide body hangars, a parts manufacturer approval business and a very knowledgeable team.  I had begun my aviation career at a family-owned business that was ultimately acquired by GE, so knew firsthand what that team was going through. It felt like a perfect match.PE: What was difficult for you to understand when you arrived at Unical in early 2022? What were some of the key issues that you identified?Green: Before Platinum Equity, the company was family-owned and operated.  The owner was a true entrepreneur with true vision, and he directed nearly every aspect of the company. He was highly respected by the team and rarely questioned.  When I joined, that respect (for the position) rolled over to me.  Coming from a highly collaborative environment with constant questioning such as ‘what if we tried this or that’, I had to learn in a hurry when I questioned trying a different method, we were using that different method the next day.  Sometimes even if the people involved knew it had failed in the past, things were changed because I suggested it – out of respect for the position.  I learned to preface my ‘what-if’s’ with ‘don’t change anything yet.’PE: How much time have you invested in hiring senior leaders? Is hiring where you want it, and how important is this process?Green: When Platinum arrived, the existing management team at Unical was tired and discouraged.  They had invested heart and soul in a business where they planned to retire, had navigated the pandemic, and the sell was a shock. Given it was privately held, none had ever seen financial statements, tracked KPI’s, nor actively participated in running the business. The fast-paced, transformational private equity environment was not something they had signed up for. Many have stayed with the company, however most opted out of executive leadership roles, so we have invested a lot of energy building a new leadership team. This gave us an opportunity, though, to build a diverse group with backgrounds in all the major used serviceable materials players.PE: Do you feel that that you're being allowed to make the decisions you want based on your experience as a known leader and executive in the industry?Green: Yes, and this move is a prime example.  When I was interviewing with Dori Konig, I questioned the sustainability of a California locale.  Dori considered that a ‘next owner’ decision given Unical’s large footprint.  But when Platinum’s Dan Krasner passed along a third-party real estate assessment in normal course, we opted to do a deeper dive and initial numbers showed extremely significant savings potential.  I put that in front of Dori, and he was immediately on board.PE: How will a macroeconomic trend (rising consumer flight demand) impact Unical Aviation? You would assume this would increase the need for airline parts for upkeep, but please clarify?Green: The more planes are in the air or the higher the flight hours, the higher the need for maintenance, and by extension, for parts.  The end of the pandemic had already boosted MRO activity as parked planes began coming back into service, and increased demand is continuing to fuel that improvement. Airlines and shops came out of the pandemic far more cost conscious, so those who would previously have defaulted to original equipment manufacturer parts are now turning to USM providers.  We are seeing a huge uptick in business.PE: Does Unical Aviation see opportunities for growth in the Asian market?Green: Unical has historically been most successful on the buy side in the Asia-Pacific region.  As age restrictions on parts that may be installed on aircraft are eased, we anticipate a quarter or more of our sales will come from that region.

Why Jalen Rose appreciates Tom Gores’, Platinum Equity’s decade-long support of JRLA annual golf outing fundraiser

Home / News / Why Jalen Rose Appreciates Tom Gores Platinum Equitys Decade Long Support Of Jrla Annual Golf Outing Fundraiser

DETROIT – Earlier this summer, Jalen Rose walked the hallways with students at the school that bears his name as the youths shared goals and aspirations for the upcoming school year. The visit to the Jalen Rose Leadership Academy came roughly a month after Rose presided over graduation ceremonies for the school’s ninth senior class. Before his session with students, Rose, who starred as a point guard at now-closed Detroit Southwestern before going on to stardom at the University of Michigan and in the NBA, revealed a major reason he decided to found a school in the neighborhood where he grew up. “Each school that I attended growing up is closed,” Rose said. “It's important to me that our young people are in position to chase their dreams, to chase their goals, to get out of their comfort zone, to know that they're loved, to know that they're supported, to know that it's OK to have a bad day, to know that we're going to love you.” Platinum Equity and CEO Tom Gores will celebrate 10 years as the JRLA Celebrity Golf Classic’s presenting sponsor on Aug. 21. “The Platinum Equity relationship is one of love,” Rose said. “Tom Gores is like a brother to me, and that relationship has grown over more than 10 years. As I got to know Tom Gores and spend time with him, spend time with his kids, spend time with his family, suddenly, my thoughts, his thoughts, we were aligned. The dreams that we have for young people were aligned, and that made it easy. “Now we have a track record of influencing 400 currently in high school and another 900 graduates. I'm just grateful that Tom Gores is right by my side and willing to help take this to the next level. That's way bigger than JRLA.” Located in northwest Detroit, JRLA is an open enrollment, tuition-free, public charter high school co-founded by Rose. After opening in September 2011, the school says 97 percent of enrollees have graduated, and 100 percent of graduates have either been accepted into college or other post-secondary options. The golf event has become the school’s top fundraiser that raises funds for a variety of educational necessities. On the day following last year’s golf outing, Platinum Equity sponsored a mentorship breakfast at the Detroit Pistons Performance Center featuring a tour of the facility and a panel discussion led by Platinum Equity and Pistons executives. Earlier this year, Platinum Equity invited JRLA students to a Pistons game. There are plans to grow the mentorship relationship. “Platinum has proudly supported JRLA for many years, but we wanted to get closer to the students and directly support them by sharing our experiences and lessons learned,” Platinum Principal Katie McNaughton said after last year’s event. “I know for myself and many of us at Platinum, relationships and mentors helped get us where we are today. Tom is a huge advocate of mentoring so we thought that it was time to connect with the students on a personal level, share what we’ve learned and get to know them and hopefully add value as they map out their career paths.”

Platinum Equity’s Credit Team Provides Term Loan to RELAM to Support Company’s Growth

Home / News / Platinum Equitys Credit Team Provides Term Loan To Relam To Support Companys Growth

LOS ANGELES, Aug. 15, 2023 — Platinum Equity announced today it provided a Second-Lien Term Loan (“Term Loan”) to Railway Equipment Leasing and Maintenance Inc. (“RELAM”) to refinance existing indebtedness and support future growth of the business. RELAM is a well-known provider of specialty rental equipment for recurring, regulatory-driven maintenance-of-way (“MOW”) work on railroads, serving the industry’s largest operators and contracted service providers. “We are pleased to have provided RELAM a financing solution with speed and certainty in a market that remains complex for middle-market borrowers,” said Platinum Equity Co-President Louis Samson. “Platinum has deep domain expertise in equipment rental and we have a lot of experience helping companies in that space grow and expand their businesses. We believe our sector knowledge combined with our operations-intensive model puts us in a unique position to underwrite this type of credit investment.” "Platinum has deep domain expertise in equipment rental and we have a lot of experience helping companies in that space grow and expand their businesses. We believe our sector knowledge combined with our operations-intensive model puts us in a unique position to underwrite this type of credit investment.” Louis Samson, Co-President, Platinum Equity In July 2020, affiliates of Paceline Equity Partners, LLC (“Paceline”) combined two existing MOW railroad equipment rental businesses to create RELAM, now one of the most important MOW rental companies in North America. In January 2023, the company bolstered its rental offering through the acquisition of Wiskerchen Rental & Leasing, a company that manufactures, services, and rents out hi-rail trucks and related equipment. The company’s rental solutions offer customers preferential access to different types of equipment with economic and operational advantages to otherwise owning or financing the equipment. RELAM occupies a unique position in the industry by providing value to equipment manufacturers, as well as railroad operators and maintenance contractors. The RELAM financing is led by Platinum Equity’s dedicated credit team, which seeks opportunities to provide debt capital to companies for a variety of uses, including acquisitions, refinancings and recapitalizations. “We strive to forge meaningful partnerships with borrowers and their sponsors where we can add material value to the company’s strategic plans,” said Platinum Equity Managing Director and Global Head of Credit Michael Fabiano. “RELAM is a great fit with a resilient financial profile, an experienced and capable management team, and a business model we know very well.  We are excited to partner with Paceline to support the next stage of RELAM’s growth.” Platinum’s credit team targets companies that generally have $15 to $75 million of EBITDA and are primarily based in North America. “Our credit team is actively looking for more opportunities to put our financial and operational expertise to work,” added Mr. Fabiano. Houlihan Lokey acted as the exclusive placement agent to RELAM.   About Platinum Equity Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with approximately $47 billion of assets under management and a portfolio of approximately 50 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 28 years Platinum Equity has completed more than 400 acquisitions and debt financings.

HC Companies

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HC Companies Print Print Active North America Industrials Packaging Leading North American manufacturer of horticultural containers Company Overview HC Companies produces a wide range of planters, pots, and accessories for the greenhouse, nursery and retail marketsProduct suite includes fiber and biobased solutions produced with post-consumer and post-industrial materials to meet increasing consumer demand for sustainable solutionsThe company operates six manufacturing locations and distribution centers across the US and Canada Transaction Description Acquired via a private transaction in August 2023 SKUs Offered ~6,000 Manufacturing & Distribution Sq. Ft. 1.7M+ 2450 Edison Blvd, Suite 3, Twinsburg, OH 44087 hc-companies.com Leading North American manufacturer of horticultural containers Company Overview HC Companies produces a wide range of planters, pots, and accessories for the greenhouse, nursery and retail marketsProduct suite includes fiber and biobased solutions produced with post-consumer and post-industrial materials to meet increasing consumer demand for sustainable solutionsThe company operates six manufacturing locations and distribution centers across the US and Canada SKUs Offered ~6,000 Transaction Description Acquired via a private transaction in August 2023 Manufacturing & Distribution Sq. Ft. 1.7M+ 2450 Edison Blvd, Suite 3, Twinsburg, OH 44087 hc-companies.com Previous Next × × × × Latest Article Platinum Equity Completes Acquisition of Horticultural Container Manufacturer HC Companies August 03, 2023 LOS ANGELES, August 3, 2023 — Platinum Equity announced today that the acquisition of The HC Companies, a leading North American manufacturer of horticultural containers, has been completed. Financial terms were not disclos... Read More Latest Article Platinum Equity Credit Team Announces Financing to Support Acquisition of Tom Barrow Company July 25, 2023 LOS ANGELES, July 25, 2023 — Platinum Equity announced today it provided an unsecured term loan to the Tom Barrow Company in connection with Ardian’s recent acquisition of a majority stake in the business.Tom Barrow is a ... Read More Latest Article Platinum Equity to Acquire Horticultural Container Manufacturer HC Companies July 17, 2023 LOS ANGELES, July 17, 2023 — Platinum Equity announced today the signing of a definitive agreement to acquire The HC Companies, a leading North American manufacturer of horticultural containers.Financial terms were not disc... Read More previous Next Our Portfolio Explore the full Platinum Equity portfolio of companies by transaction type, industry, location or ownership status. BROWSE NOW

David Pequet

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Ryan Toteja

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