United Rentals Completes Acquisition of BlueLine and Updates Guidance to Reflect the Combination
STAMFORD, CONN (October 31, 2018) – United Rentals, Inc. (NYSE: URI) today announced that it has completed its previously announced acquisition of BlueLine from Platinum Equity for a total purchase price of approximately $2.1 billion in cash.(1) The company used a combination of newly issued debt and bank borrowings to fund the transaction and related expenses. […]
PLI Card Marketing Acquires Harvard Card Systems
Transaction marks company’s first add-on since Platinum Equity acquired PLI four months ago Backed by Platinum Equity Small Cap Fund, PLI’s growth through acquisition expected to continue LAS VEGAS (Oct. 22, 2018) – Platinum Equity portfolio company PLI Card Marketing Solutions announced today that it has acquired Harvard Card Systems, a leader in the card printing […]
Platinum Equity Agrees to Sell Exterion Media
Proposed Sale Adds to Global Buyout Firm’s European Momentum LOS ANGELES (Oct. 16, 2018) – Platinum Equity today announced it has signed a definitive agreement to sell Exterion Media to British media and entertainment group Global. The deal is expected to close in Q1 2019 subject to regulatory approval and certain customary closing conditions. Terms […]
Palladium Equity Partners Acquires Kymera International from Platinum Equity
NEW YORK and RALEIGH, N.C., Oct. 11, 2018 — Palladium Equity Partners, LLC (along with its affiliates, “Palladium”), a private investment firm with over $2.5 billion in assets under management, today announced that one of its affiliated private equity funds has acquired Kymera International (ACuPowder International, ECKA Granules and SCM Metal Products, collectively, “Kymera” or the “Company”), a leading global […]
Platinum Equity Completes $2.1 Billion Acquisition of LifeScan from Johnson & Johnson
LOS ANGELES (Oct 1, 2018) – Platinum Equity today announced that its acquisition of Lifescan from Johnson & Johnson (NYSE: JNJ) for approximately $2.1 billion has been completed, with the exception of certain non-U.S. jurisdictions that are each expected to close at a later date, subject to individual country regulatory requirements. LifeScan is a leader in […]
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 Announces $1.5 Billion Small Cap Fund Focused on Lower Middle Market Transactions
New Fund Complements Firm’s Flagship Large Cap Fund; Will Deploy Platinum’s Signature M&A&O® Strategy On Smaller Deals LOS ANGELES, CA (July 13, 2018) – Platinum Equity announced today the close of capital raising for Platinum Equity Small Cap Fund, L.P, the firm’s inaugural fund focused exclusively on investment opportunities in the lower middle market. The […]