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United Rentals to Acquire BlueLine Rental for $2.1 billion

Combination will benefit construction and industrial customers at attractive returns to United Rentals shareholders STAMFORD, Conn. – September 10, 2018 – United Rentals, Inc. (NYSE: URI) and BlueLine Rental (“BlueLine”) today announced that they have entered into a definitive agreement under which United Rentals will acquire BlueLine from Platinum Equity for approximately $2.1 billion in […]

Platinum Equity Sells Majority Stake in Fabcon

LOS ANGELES – Platinum Equity announced today it has sold a majority interest in Fabcon Holding Corporation to Solace Capital Partners. Fabcon is a leading manufacturer of precast, pre-stressed concrete wall panels for nonresidential construction applications. Platinum Equity, which acquired Fabcon in 2016, will remain a meaningful equity investor and Fabcon management will also participate […]

Platinum Equity Acquires Majority Stake in Yak Access

LOS ANGELES (July 30, 2018) – Platinum Equity today announced it has has acquired a majority stake in Yak Access LLC from Jones Companies and Beasley Forest Products. Financial terms of the transaction were not disclosed. Yak Access, based in Columbia, Miss., provides temporary roadway solutions to remote construction sites, primarily serving the oil and […]

Michael Fabiano to Join Platinum Equity

Former GSO Managing Director to Lead Formation of Credit Investing Platform LOS ANGELES, CA, July 17, 2018 – Platinum Equity announced today that Michael Fabiano will join the firm to lead formation of a credit investing division built around Platinum Equity’s signature M&A&O® investment strategy. Mr. Fabiano was most recently a Managing Director at GSO […]

Platinum Equity Acquires PLI Card Marketing Solutions

Latest Acquisition Highlights Platinum Equity’s Commitment to Investing in the Lower Middle Market  LOS ANGELES AND LAS VEGAS (July 2, 2018) – Platinum Equity and PLI Card Marketing Solutions (a.k.a. Plasticard-Locktech Interational) announced today that Platinum Equity has acquired PLI from affiliates of the company’s founders. Financial terms were not disclosed. Headquartered in Las Vegas, […]

Pitney Bowes Completes Sale of Document Messaging Technologies Business to Platinum Equity

STAMFORD, Conn. July 2, 2018 — Pitney Bowes Inc. (NYSE:PBI) today announced that the previously disclosed sale of its Document Messaging Technologies (DMT) production mail and supporting software business to Platinum Equity has been completed, with the exception of certain non-U.S. jurisdictions that are each expected to close sometime in the third or early fourth […]

Platinum Equity Hires Kris Agarwal as General Counsel

LOS ANGELES (July 1, 2018) –  Platinum Equity announced today the hiring of Kris Agarwal as the firm’s General Counsel. Mr. Agarwal recently joined the firm and oversees Platinum Equity’s legal department, legal support for Platinum Equity’s fund and investor relations, and legal affairs for the firm’s portfolio companies. Mr. Agarwal succeeds Eva Kalawski, who […]

Verra Mobility Announces Merger Agreement with Gores Holdings II, Inc.

Verra Mobility to be Publicly Listed Company with $2.4 Billion Enterprise Value upon Consummation of Transaction LOS ANGELES (June 21, 2018) – Verra Mobility (“Verra Mobility” or the “Company”), the leading provider of tech-enabled smart transportation solutions and a portfolio company of Platinum Equity, announced it has entered into a definitive agreement and plan of […]

Ball Corporation Agrees to Sell U.S. Steel Food and Steel Aerosol Assets, Form Joint Venture with Platinum Equity

BROOMFIELD, Colo., (June 21, 2018) — Ball Corporation (NYSE:BLL) and Platinum Equity today announced that they have entered into joint venture and definitive purchase agreements to form Ball Metalpack, a new packaging company that manufactures steel containers for aerosol products, food, household consumables, pet food, nutritional and other products in the United States. Platinum Equity will […]