Yak Access Acquires Klein’s Restoration Services

Platinum Equity Portfolio Company Strengthens Services Offering, Expands Footprint in Midwest LOS ANGELES (July 11, 2019) – Yak Access LLC, a portfolio company of Platinum Equity, announced today it has acquired Klein’s Restoration Services. Financial terms were not disclosed. Based in Canton, Ohio, Klein’s provides a broad range of services including restoration, matting, site development […]

Platinum Equity Sells Artesyn’s Embedded Computing Business to SMART Global Holdings

LOS ANGELES (July 9, 2019) – Platinum Equity announced today the sale of the Embedded Computing business of portfolio company Artesyn Embedded Technologies, Inc. (“Artesyn”), to SMART Global Holdings, Inc. (“SMART”) (NASDAQ: SGH). The transaction is valued at approximately $80 million in cash at close, plus approximately $10 million of performance-based consideration that will be […]

Multi-Color Corporation Acquired by Affiliate of Platinum Equity

CINCINNATI, OHIO, July 1, 2019 – Multi-Color Corporation (“Multi-Color Corporation” or the “Company”) today announced that the anticipated acquisition of the Company by an affiliate of Platinum Equity, a leading private equity firm, is now complete.  At closing, Multi-Color Corporation merged with a subsidiary of WS Packaging, another label solutions leader within Platinum Equity’s portfolio of companies. The combined company, which […]

Platinum Equity Completes Acquisition of Spanish Seafood Provider Iberconsa from Portobello Capital

LOS ANGELES (June 3, 2019) – Platinum Equity today announced it has completed the acquisition of a majority stake in Grupo Ibérica de Congelados, S.A. (“Iberconsa”) from Portobello Capital and affiliates of the company’s founding families. Portobello Capital and members of the Iberconsa management team are co-investing alongside Platinum Equity. Financial terms were not disclosed. […]

Platinum Equity to Sell Artesyn’s Embedded Power Business to Advanced Energy

Partial Divestiture Separates Artesyn’s Embedded Power, Embedded Computing and Consumer Products Businesses LOS ANGELES (May 15, 2019) – Platinum Equity announced today the signing of a definitive agreement to sell the Embedded Power business of portfolio company Artesyn Embedded Technologies, Inc., to Advanced Energy Industries, Inc. (Nasdaq: AEIS), in a transaction valued at approximately $400 […]

Compart Systems to Acquire Alpha Precision & Engineering

Platinum Equity Portfolio Company to Expand Footprint with Add-On of Malaysian Precision Manufacturing Business LOS ANGELES (April 10, 2019) – Compart Systems, a portfolio company of Platinum Equity, announced today it has signed a definitive agreement to acquire Alpha Precision Turning & Engineering. Financial terms were not disclosed. The transaction is subject to regulatory approval […]

Platinum Equity Completes Acquisition of Livingston International

(Los Angeles, May 2, 2019) – Platinum Equity today announced it has completed the acquisition of North American customs brokerage and trade services firm Livingston International. Headquartered in Toronto, Ontario, with U.S. headquarters in Chicago, Il, Livingston International is the largest pure-play customs brokerage in North America and boasts the widest presence along America’s northern […]

Platinum Equity and The Gores Group Sell Data Blue to Court Square Capital Partners

Los Angeles, CA, April 11, 2019 – Platinum Equity and The Gores Group announced today the sale of Data Blue to Court Square Capital Partners. Financial terms of the transaction were not disclosed. Founded in 2011, Data Blue is a provider of customized infrastructure, cloud architecture and virtualized solutions to enterprise customers in North America. […]

Platinum Equity to Acquire Spanish Seafood Provider Iberconsa from Portobello Capital

LOS ANGELES (March 7, 2019) – Platinum Equity today announced the signing of a definitive agreement to acquire a majority stake in Grupo Ibérica de Congelados, S.A. (“Iberconsa”) from Portobello Capital and affiliates of the company’s founding families. The sellers and members of the Iberconsa management team will be minority investors alongside Platinum Equity. Financial […]