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Acquisition of World’s Largest Technology Distributor and Leading Provider of Logistics Solutions and Services to Leverage Platinum Equity’s Industry Experience, Financial Resources and Global Operating Expertise Ingram Micro, with $47 Billion of Annual Sales, Gains Added Flexibility and Resources to Accelerate Growth and Execute on Strategic Initiatives Under Platinum Equity’s Ownership LOS ANGELES and IRVINE, California (December 9, 2020) – Platinum Equity today announced that it has entered into a definitive agreement to acquire Ingram Micro Inc., the world’s largest provider of technology logistics services and solutions, from HNA Technology Co., Ltd, a part of HNA Group, in a transaction valued at $7.2 billion. The sale is expected to be completed by the first half of 2021, subject to HNA Technology shareholder and customary regulatory approvals. Founded in 1979 and headquartered in Irvine, California, Ingram Micro is an integral part of the technology and ecommerce ecosystems, helping its partners maximize the value of the technology that they make, sell or use. The company generated more than $47 billion in revenue for fiscal year 2019. “Ingram Micro is an industry leader, one of the largest companies in the world and will be a cornerstone investment in our portfolio,” said Platinum Equity Chairman and CEO Tom Gores. “We have the resources and the experience to help the company pursue an aggressive agenda of growth and transformation.” “Ingram Micro is an industry leader, one of the largest companies in the world and will be a cornerstone investment in our portfolio,” said Platinum Equity Chairman and CEO Tom Gores. “We have the resources and the experience to help the company pursue an aggressive agenda of growth and transformation.” With more than 35,000 employees and operations in 60 countries, the company serves more than 250,000 customers and partners with over 2,000 vendors, including the world’s best-known technology companies. Through its vast global infrastructure and focus on cloud, mobility, technology lifecycle, supply chain and technology solutions, Ingram Micro enables business partners to operate more efficiently and successfully in the markets they serve. “We know Ingram Micro and the industry very well and have been investors in the technology and IT distribution and solutions sectors for more than a decade,” said Platinum Equity Partner Jacob Kotzubei, whose team has led multiple technology transactions, including Platinum Equity’s recent investment in Vertiv. “We have been pursuing this opportunity for a while and have been impressed by the company’s ability to thrive while continuing to navigate these fluid and challenging times. We will work closely with the Ingram Micro leadership team to sustain that momentum and build on the company’s success.” Upon closing, Alain Monié will continue to lead Ingram Micro as Chief Executive Officer, and the company will continue to be headquartered in Irvine, California. “Platinum’s sector expertise, global operating capabilities and financial resources make it the ideal partner,” said Mr. Monié. “Teaming with Platinum provides an opportunity to further strengthen our competitive advantage in the cloud, speed our digital transformation and accelerate the expansion of our solutions and services portfolio, particularly for high value markets. We will also be able to broaden our geographic reach even faster, while penetrating new industries and verticals. We will maintain a strong balance sheet and will gain additional flexibility and resources to execute on our long-term strategic objectives. HNA has been a good partner for Ingram Micro, enabling us to continue to innovate and expand our global businesses. We look forward to the opportunity to accelerate this trajectory with Platinum.” "We are pleased to have reached an agreement that delivers a strong return on HNA’s investment while ensuring that Ingram Micro has a partner committed to investing in its future growth,” said President of HNA Group North America Wang Duan. “We wish Alain and his team well and are confident that Ingram Micro will continue to succeed in this exciting new phase of growth and development under Platinum’s ownership." “We know Ingram Micro and the industry very well and have been investors in the technology and IT distribution and solutions sectors for more than a decade,” said Platinum Equity Partner Jacob Kotzubei, whose team has led multiple technology transactions, including Platinum Equity’s recent investment in Vertiv. “We have been pursuing this opportunity for a while and have been impressed by the company’s ability to thrive while continuing to navigate these fluid and challenging times. We will work closely with the Ingram Micro leadership team to sustain that momentum and build on the company’s success.” “Ingram Micro’s scale, diverse customer and vendor relationships and track record for innovation, create the perfect platform for us to help accelerate growth, both organically and through additional M&A,” said Platinum Equity Managing Director Matthew Louie. “It also provides exciting opportunities in one of the fastest-growing sectors in technology as corporations continue to migrate to cloud or hybrid solutions.” Morgan Stanley & Co. LLC and Goldman Sachs & Co. are acting as financial advisors, and Morgan Lewis as legal counsel, to Platinum Equity on the acquisition of Ingram Micro. Willkie Farr & Gallagher LLP is providing financing legal counsel, and debt financing commitments have been obtained from J.P. Morgan, Bank of America and Morgan Stanley Senior Funding, Inc. Davis Polk is providing legal counsel to HNA Technology on the sale of Ingram Micro and J.P. Morgan is acting as financial advisor in connection with the transaction. About Platinum Equity Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with approximately $23 billion of assets under management and a portfolio of approximately 40 operating companies that serve customers around the world. The firm is currently investing from Platinum Equity Capital Partners V, a $10 billion global buyout fund, and Platinum Equity Small Cap Fund, a $1.5 billion buyout fund focused on investment opportunities in the lower middle market. 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 25 years Platinum Equity has completed more than 300 acquisitions. About Ingram Micro Ingram Micro helps businesses realize the promise of technology. It delivers a full spectrum of global technology and supply chain services to businesses around the world. Deep expertise in technology solutions, mobility, cloud, and supply chain solutions enables its business partners to operate efficiently and successfully in the markets they serve. Unrivaled agility, deep market insights and the trust and dependability that come from decades of proven relationships, set Ingram Micro apart and ahead. Discover how Ingram Micro can help you realize the promise of technology. More at www.ingrammicro.com. Download PDF Media Contacts: Dan Whelan, Platinum Equity (310) 282-9202 dwhelan@platinumequity.com Damon Wright, Ingram Micro (714) 382-5013 damon.wright@ingrammicro.com

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 still a landmark year for Platinum Equity and its portfolio companies. There were transactions in Europe, a result of Platinum Equity’s commitment to the continent. There were significant exits. There was another example of the value Platinum Equity can provide to founder-owned businesses. The firm and its portfolio companies made strides in the areas of ESG, and as the world eased pandemic safety measures, the philanthropic presence of Platinum Equity and CEO Tom Gores continued to grow. And although economic conditions remain uncertain, the firm, founded in 1995, is poised for an impactful 2023. “We're here because we execute, we have a sense of urgency,” Gores said. “There's a certain culture that we have. It's not a feeling, it's the way you do things, it's the way you act. Whatever comes our way, we will act the same as we have for 28 years. We will keep our core fundamentals.” "We're built for a tough market, so we're prepared for whatever comes in 2023. We're going to keep doing our job.” Here is a look back at 2022: We're here because we execute, we have a sense of urgency. There's a certain culture that we have. It's not a feeling, it's the way you do things, it's the way you act. Whatever comes our way, we will act the same as we have for 28 years. We will keep our core fundamentals. Tom Gores, Platinum Equity Chairman and CEO Platinum Equity adds two companies to European portfolio In a year of measured M&A activity, Platinum Equity added two European companies to the firm’s growing portfolio. In January, Platinum Equity announced the acquisition of UK-based Leaders Romans Group, a property services firm. In July, the firm announced an agreement to acquire Imerys SA’s high temperature solutions business, which is located in Paris. Platinum Equity’s European portfolio now includes: Spain-headquartered global environmental services leader Urbaser and global frozen seafood company Iberconsa, European vacation rentals group Awaze, European private label sweet biscuits manufacturer Biscuit International, Italy-based global marine contractor De Wave Group and global wine distributor Fantini Group Vini. The growing European footprint is a testament to Platinum Equity’s commitment of resources over the last 20 years. Hop Lun acquisition an example of Platinum Equity’s appeal to founder-owned businesses The acquisition of global women’s apparel company Hop Lun, which is based in Hong Kong, is another instance of Platinum Equity building a solid working relationship with a founder-owned business. Current Platinum Equity portfolio companies Game Taco, Mad Engine, Arrow International, L&R Distributors and Centerfield were also acquired from company founders. Founded by Erik Ryd in 1992, the Hop Lun investment was led by Platinum Equity’s Singapore office, which Partner Jacob Kotzubei oversees. He said: “Hop Lun is a really great example of Platinum Equity’s tenacity and our ability to win over sellers in terms of just being a firm that really values the human side of our business equation. There are many founder or family-owned businesses facing succession or other issues that need a partner who can not only provide capital, but also operational expertise. We have a lot of experience in those situations.” Portfolio companies aggressively seek add-on opportunities Platinum Equity completed 61 add-on acquisitions across its portfolio in 2022. Club Car’s acquisition of Garia, a Danish low-speed electric vehicle, was one of many such acquisitions designed to spur international expansion. The Augusta (Ga.) Chronicle reported the transaction “will help expand the golf cart manufacturer’s reach in the growing global market.” McGraw Hill (Boards & Beyond), Deluxe (Post Haste Digital), Solenis (Clearon Corp.), Cision (Streem) and Paramount Global Surfaces (Stone Source) were among the portfolio companies to execute notable acquisitions. Platinum Equity, Ball Corp. exit Ball Metalpack for $1.35 billion When Platinum Equity and Ball Corporation completed the $1.35 billion sale of steel container manufacturer Ball Metalpack to Sonoco, it marked another exit from a Platinum Equity-sponsored partnership with a corporate seller. Platinum Equity has exited similar partnerships with Caterpillar (Neovia Logistics), Emerson (Artesyn Technologies and Vertiv), and Telstra (Sensis). Platinum Equity Partner Louis Samson said: “We find that corporate sellers can benefit from a structure that allows for a partial sale at the outset of their divestment process, with the opportunity to deliver incremental value by participating in the upside we can create together.” Ingram Micro, Platinum Equity divest Commercial & Lifecycle Business for $3 billion The closing of the sale of most of portfolio company Ingram Micro's Commerce & Lifecycle Services Business to CMA CGM Group was completed in April. The transaction was valued at approximately $3 billion. The divested CLS business specializes in eCommerce contract logistics and omni-channel fulfillment. Platinum Equity acquired Ingram Micro for $7.2 billion in 2021. Platinum Equity Partner Jacob Kotzubei said: “Divesting the majority of CLS allows the company to focus more intensely on those things we believe can have the largest impact for the company and its partners.” Ingram also acquired Keenondots, which strengthens its cloud platform. Full exit of PAE ($1.9 billion) establishes Platinum Equity in government services sector Platinum Equity fully exited PAE Incorporated after the approximately $1.9 billion sale to an affiliate of Amentum Government Services Holdings LLC. Platinum Equity acquired the government services provider in 2016 and took it public in 2020. PAE is a global leader in delivering mission-critical smart solutions to the U.S. government and its allies on all seven continents. Add-on acquisitions of FCi Federal, Macfadden & Associates, CENTRA Technology, and Metis Solutions helped diversify its customer base, contract portfolio and geographic reach. PAE became publicly traded in 2020 via a transaction with a special purpose acquisition company, after which certain affiliates of Platinum Equity retained ownership of approximately 23.6% of the company’s shares. Those shares were sold in connection with the Amentum transaction. Platinum Equity, portfolio companies make ESG strides Platinum Equity provided a comprehensive summary of the firm’s approach to ESG in the form of an Environmental, Social and Governance Report for 2021. Some of the highlights of the summary include: signing the United Nation’s Principles of Responsible Investment, 100 percent of investments underwent ESG due diligence, 62 percent of 2021 new hires were from diverse candidates and 100 percent of firm employees completed anti-discrimination/harassment training. The ESG efforts of portfolio companies like Ingram Micro, Urbaser, Husky and Solenis were featured in the summary. Portfolio companies’ ESG efforts were also in the news with Solenis earning recognition from Time Magazine for its role in developing PFAS-free packaging. Aventiv Technologies transformation takes significant steps Under the direction of Platinum Equity leadership, Aventiv Technologies appointed an independent advisory board comprised of experts and advocates for reentry preparation, rehabilitation programming and access to technology for the incarcerated community. The board chairwoman is Teresa Hodge, a formerly incarcerated executive, who now is the CEO of Mission: Launch, a nonprofit that works with financial institutions to help the formerly incarcerated get access to capital to start businesses. It was one of several advancements that has helped to accelerate the company’s transformation to make its services more accessible, affordable and accountable. Platinum Equity acquired the technology provider for the incarcerated community in 2017. Hodge said: “This board is incredibly important to changing the status quo because we understand how important it is to actually listen to diverse voices when addressing the problems in the system, and Aventiv is committed to listening to all of us." Gores to business leaders and policymakers: ‘We have to listen to each other’ Gores, who was raised in Flint, Mich., was a featured speaker at the annual Mackinac Policy Conference, an annual policy gathering of lawmakers and business leaders in Michigan. U.S. Secretary of Transportation Pete Buttigieg, Michigan Governor Gretchen Whitmer and former Microsoft CEO Steve Ballmer were among the notable names attending. The theme of the conference was the business community’s role in polarizing times and Gores told the audience: “You have to establish common ground with everyone. We have to listen to each other. … We have to be open, otherwise we’re fraught with misunderstanding. That’s an important part of the culture. I run my company that way. I run my family that way.” Gores pledges $100 million to launch national charitable organization At the conference, Gores also announced plans to contribute $100 million to build a national charitable organization. A few days earlier, Gores announced plans to build a $20 million community center on Detroit’s west side. The announcements were in addition to continued philanthropic efforts with long-time partners SAY Detroit, Jalen Rose Leadership Academy, Toys for Tots and Voices for Children. After a Gores donation of $100,000 led to the successful implementation of a SAY Detroit charitable program in the summer of 2021, another $100,000 donation sponsored an entrepreneurial program last summer which resulted in Pistons-themed merchandise being sold by the NBA franchise in December. Proceeds benefited SAY Detroit. Platinum Equity begins mentorship program at Detroit charter school Platinum Equity introduced a mentorship program for Jalen Rose Leadership Academy. The August event took place at the Detroit Pistons Performance Center. JRLA students were given a tour of the PPC and had breakfast with either a mentor from Platinum Equity or the Pistons organization. Afterward, Platinum Equity Principal Dan Whelan moderated a panel discussion featuring Platinum Equity Partner John Diggins and executives Katie McNaughton and Vince Ellis. The panelists shared their career paths and gave insights into careers in private equity or professional sports. The idea is to establish solid mentorship relationships with students while exposing them to career paths they might not have considered. In February, Platinum Equity is planning to treat JRLA mentees to a Pistons game.