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 […]
Why Platinum Equity believes in SVP Worldwide’s efforts to make ‘sewing more accessible’
A collaboration with Amazon Prime’s Making the Cut, a reality series where fashion designers test skills and business acumen. Promotional tie-ins with Cruella and Maleficent, film releases from Disney. Apps that create personalized clothing. Not exactly what first comes to mind when thinking of sewing machines, which have been around since shortly after the founding […]
CEO: Under Platinum Equity, Orbit Irrigation has transformed into technology company
SALT LAKE CITY – Stuart Eyring has worked at Orbit Irrigation Systems for 16 years. Starting as executive vice president of marketing, he is currently the CEO of the company, which is a leading provider of irrigation systems and related products. As a long-tenured executive, he had a front row seat when Platinum Equity acquired […]
Platinum Equity Completes Acquisition of Global Aerospace Supply Chain Services Provider Unical Aviation
Aviation parts and components business to benefit from new operational resources and recapitalized balance sheet as air travel begins to rebound LOS ANGELES (August 16, 2021) – Platinum Equity announced today it has completed the acquisition of Unical Aviation Inc. and certain of the company’s affiliates (“Unical”), a leading provider of aircraft parts and components […]
How potential for ‘digital transformation’ is a main reason for Platinum Equity’s $4.5 billion acquisition of McGraw Hill
McGraw Hill has historically been known as a textbook publisher. But in a nod to the entrenched role technology plays in everyday lives, the learning company is seeing its digital business grow exponentially, with 80 percent of the company’s business in higher education delivered digitally. That is among the reasons Platinum Equity has acquired the […]
Centerfield Completes Acquisition of Leading Digital Marketing Solution for Insurance Industry, Datalot
LOS ANGELES – Aug. 2, 2021 – Centerfield, a technology enabled customer experience company, today announced the completion of a transaction to acquire Datalot, a leading digital marketing solution for auto, home, health and Medicare insurance companies, from an investment fund affiliated with Lightyear Capital. Centerfield’s digital brands and industry leading platform, Dugout, engage in-market […]
Platinum Equity Completes Acquisition of Global Sewing Machine Manufacturer SVP Worldwide
LOS ANGELES (August 2, 2021) – Platinum Equity announced today that it has completed the acquisition of a controlling stake in SVP-Singer Holdings, Inc. and its wholly owned subsidiaries (“SVP Worldwide”), the world’s largest consumer sewing machine company. Existing shareholders and management have retained a meaningful equity interest. Financial terms were not disclosed. SVP Worldwide […]
Platinum Equity Completes Acquisition of McGraw Hill for $4.5 Billion
LOS ANGELES and NEW YORK (August 2, 2021) – Platinum Equity announced today that it has completed the acquisition of McGraw Hill, a global leader in educational content and digital platforms, for a purchase price of approximately $4.5 billion. Founded in 1888, McGraw Hill provides outcome-focused learning solutions to millions of students globally, delivering both […]
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