Platinum Equity to Sell Orbit Irrigation to Husqvarna Group
Divestiture of Smart Watering Technology Solutions Provider Follows Successful Transformation Program Sale Adds to Momentum of Platinum Equity’s Small Cap Investment Platform LOS ANGELES (October 26, 2021) – Platinum Equity announced today the signing of a definitive agreement to sell Orbit Irrigation to Husqvarna Group in a transaction valued at approximately $480 million. Orbit will become part […]
Platinum Equity Acquires Global Environmental Services Business Urbaser from China Tianying for $4.2 Billion
Acquisition of Madrid-Based Integrated Waste Management Company Adds to Global Buyout Firm’s Momentum in Europe LOS ANGELES and MADRID (October 21, 2021) – Platinum Equity today announced that it has completed the acquisition of Urbaser, one of the world’s largest providers of environmental services, from China Tianying Inc. for an enterprise value of approximately $4.2 billion […]
Biscuit International announces the proposed acquisition of Continental Bakeries
Biscuit International (the “Group”) has reached an agreement to acquire Continental Bakeries from its current shareholders. Continental Bakeries joining the Biscuit International family represents a transformational and strategic acquisition that will bring together complementary product portfolios and geographical footprints and strengthen Biscuit International’s position as a leader of the European private label biscuit market. Completion […]
$4.2 billion Urbaser deal adds to Platinum Equity’s European momentum
Managing Director Igor Chacartegui talks about the importance of trust, relationships and ESG in Platinum’s latest European buyout Urbaser is a global environmental management company focused on sustainability and innovation, with 50,000 employees serving more than 70 million people in 25 countries. With an enterprise value of $4.2 billion, Urbaser is another cornerstone deal in […]
Platinum Equity to Acquire Pelican Products
LOS ANGELES (October 19, 2021) – Platinum Equity announced today the signing of a definitive agreement to acquire Pelican Products, a global leader in the design and manufacture of high-performance protective cases and rugged gear for professionals and outdoor enthusiasts, and temperature-controlled supply chain solutions for the healthcare industry. Financial terms were not disclosed. The transaction […]
Platinum Equity Acquires Oregon Tool
Acquisition will help Oregon Tool fuel innovation and propel global growth PORTLAND, OR (October 18, 2021) – Platinum Equity announced today that the acquisition of Oregon Tool has been completed. Oregon Tool is a global manufacturer and distributor of aftermarket-driven professional grade cutting tools, outdoor equipment accessories and parts. Financial terms were not disclosed. Oregon Tool […]
Platinum Equity Announces Sale of Singapore-Based Electronics Manufacturing Services Provider PCI to Celestica
LOS ANGELES (September 21, 2021) – Platinum Equity announced today the signing of a definitive agreement to sell PCI Limited (“PCI”), an electronics manufacturing services provider based in Singapore, to Celestica Inc. (TSX: CLS) (NYSE: CLS), headquartered in Toronto, a leader in design, manufacturing and supply chain solutions for the world’s most innovative companies, for […]
Platinum Equity Acquires Petmate
LOS ANGELES (September 15, 2021) – Platinum Equity announced today the acquisition of Petmate, a leading maker of pet products sold through a wide range of retail partners. Financial terms were not disclosed. Headquartered in Arlington, Texas, Petmate was founded in 1959 as Doskocil Manufacturing with a singular focus on providing safe pet transportation, resulting […]
Why Platinum Equity acquisition of LifeScan was ‘rebirth’ for healthcare leader in glucose management
When Val Asbury decided to leave nursing in the mid-80s, she was determined to join a related healthcare field. The thought process has led to her current position as CEO of LifeScan, a leading provider of blood glucose monitoring products for the treatment of diabetes. LifeScan manufactures OneTouch brand products, which includes blood glucose meters, […]
McGraw Hill to Acquire Edtech Pioneer Achieve3000
New York, NY (August 30, 2021) – McGraw Hill announced today that it has entered into a definitive agreement to acquire Achieve3000, a recognized leader in differentiated instruction and learning acceleration for PreK-12 students in all 50 states and 49 countries. Financial terms were not disclosed. The transaction is expected to be completed in approximately […]
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