LOS ANGELES, CA (August 27, 2014) – Platinum Equity
announced today that the sale of Active Aero Group to Roadrunner Transportation
Systems, Inc. (NYSE: RRTS) has been completed. Active Aero is a provider of supply-chain
solutions focused on transportation logistics for customers with sensitive or
time-critical freight, principally in the United States and Mexico.
“Through a great collaboration with Active Aero’s
management team, we fundamentally improved business operations over the last
three years and sharpened the company’s strategic focus,” said Rob Joubran, the
Partner at Platinum Equity responsible for the operations plan on the Active
Aero investment. “Active Aero has a very bright future within Roadrunner’s
Platinum Equity acquired a majority interest in
Active Aero in 2011 from a consortium of investors that retained a minority
ownership position alongside Platinum Equity.
The sale completed today was for 100 percent of the equity of the
“As we continue to look for new acquisition
opportunities across many different industries, including transportation and
logistics, the Active Aero investment is a great example of how our model can
create value for everyone involved,” said Farhaad Wadia, the Senior Vice
President in Platinum Equity’s lower middle market group who led the
acquisition. “We provided a tailored divestiture
solution, unlocked value in the business through sound operational stewardship,
and found a home for the company going forward that is a perfect strategic
The sale of Active Aero marks Platinum Equity’s
seventh divestiture transaction of 2014, following the sales of Keystone
Automotive, NESCO, Truesense Imaging, Acument Global Technologies, Rec Boat
Holdings and Wheel Pros.
Stifel Nicolaus served as financial advisor to
Platinum Equity on the sale of Active Aero. Bingham McCutchen served as legal
advisor to Platinum Equity on the transaction.
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®
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