Platinum Equity to Acquire Global Sewing Machine Manufacturer SVP Worldwide

LOS ANGELES (June 10, 2021) – Platinum Equity announced today a definitive agreement to acquire 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. The transaction is expected […]

Ingersoll Rand Completes Sale of Club Car to Platinum Equity

DAVIDSON, N.C. – June 1, 2021 – Ingersoll Rand Inc. (NYSE:IR), a global provider of mission-critical flow creation and industrial solutions, completed the sale of its Specialty Vehicle Technologies Segment (“Club Car”) to the global private equity firm Platinum Equity. Ingersoll Rand Execution Excellence (IRX), implemented throughout the divestiture process, enabled the company to over […]

Platinum Equity Portfolio Company Mad Engine to Combine with Fifth Sun, Creating Premier Omnichannel Provider of Licensed Apparel and Accessories

Combination to create industry leading platform built to meet increasing demand from licensors and retailers for digital solutions and direct-to-garment / print-on-demand products LOS ANGELES (May 19, 2021) – Platinum Equity announced today the signing of a definitive agreement to acquire a controlling stake in Fifth Sun from company founder Dan Gonzales. The acquisition will […]

Securus Technologies Announces New Expansive Post-Incarceration Unit and Welcomes Community Justice Expert as Program Lead

Profile image of Alisha James | Platinum Equity

Securus Technologies today announced the organization’s new Post-Incarceration Business Unit, focused on identifying more opportunities to support individuals after release and provide critical resources to foster successful reentry. The organization has also welcomed Alisha James as Senior Vice President and General Manager of the Post-Incarceration team who is responsible for identifying and implementing new ways […]

Securus Technologies Provides More Than 340 Million Free Minutes Of Phone Connections For Incarcerated Individuals During Pandemic

Securus Technologies logo | Platinum Equity

In their efforts to keeping families connected and to support re-entry they have offered 41.5 million free phone calls totaling over 341.5 million free minutes DALLAS, April 27, 2021 — Securus Technologies today released its monthly update detailing the total number of free calls, video connections, JPay Stamps, news subscriptions and game downloads it has provided since […]

Platinum Equity to Acquire Club Car from Ingersoll Rand for $1.7 Billion

Global leader in golf, consumer and utility vehicles to benefit from Platinum Equity’s carve out experience and operational expertise LOS ANGELES (April 12, 2021) – Platinum Equity announced today it has entered into a definitive agreement to acquire Club Car from Ingersoll Rand (NYSE:IR) in a transaction valued at approximately $1.7 billion. The acquisition, subject […]