Platinum Equity to Acquire Co-Controlling Stake in US LBM
Platinum Equity and Existing Investor Bain Capital to Have Equal Ownership and Shared Commitment to Support Company’s Evolution as the Most Trusted Partner to Builders Across the Country LOS ANGELES (October 16, 2023) – Platinum Equity announced today the signing of a definitive agreement to acquire a co-controlling stake in US LBM, a leading […]
Platinum Equity to Acquire Majority Interest in the Cook & Boardman Group from Littlejohn
LOS ANGELES (September 29, 2023) – Platinum Equity announced today the signing of a definitive agreement to acquire a majority interest in The Cook & Boardman Group (“Cook & Boardman” or “C&B”) from Littlejohn & Co., LLC (“Littlejohn”). Littlejohn will remain a significant minority shareholder. Financial terms of the transaction were not disclosed. Established in […]
Platinum Equity Delivers Speed, Certainty on Calderys, HWI Deals
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, […]
HWI’s $35M Renovation of Alabama Plant ‘Remarkable’ Story
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, […]
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 […]
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 […]
Why Jalen Rose appreciates Tom Gores’, Platinum Equity’s 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 […]
Platinum Equity’s Credit Team Provides Term Loan to RELAM to Support Company’s 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 […]
Platinum Equity Completes Acquisition of Horticultural Container Manufacturer HC Companies
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 disclosed. Headquartered in Twinsburg, Ohio, HC operates six manufacturing locations and distribution centers in the US and Canada. The company produces a wide […]
Platinum Equity Credit Team Announces Financing to Support Acquisition of Tom Barrow Company
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 leading supplier of design-assist engineering and manufacturers’ representation services to the commercial HVAC industry across healthcare, life […]
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