Acquisition of UK-based aerospace and defense business expands Platinum Equity’s European portfolio and underscores continued commitment to investing in the region
LONDON (October 31, 2017) –Platinum Equity today announced it has completed its acquisition of global aerospace and defense supply chain provider Pattonair from Exponent Private Equity. Financial terms of the transaction were not disclosed.
Headquartered in Derby, UK, Pattonair is a leading global supply chain provider boasting a 40-year legacy of excellence and innovation in the sector. The company supports blue chip engine and airframe manufacturers and MRO customers with tailored supply chain management solutions. It offers a global service though dedicated facilities in Singapore, China, Poland, Brazil, Canada and five cities in the United States.
Pattonair represents Platinum Equity’s latest European investment, joining Exterion Media, Worldwide Flight Services, Terratest and Ecka Granules in the firm’s global portfolio of operating companies.
Rothschild & Co. acted as financial advisor and Latham and Watkins acted as legal counsel to Platinum Equity on the acquisition of Pattonair.
About Platinum Equity
Founded in 1995 by Tom Gores, Platinum Equity (www.platinumequity.com) is a global investment firm with $13 billion of assets under management and a portfolio of more than 30 operating companies that serve customers around the world. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 22 years Platinum Equity has completed 200 acquisitions.