Platinum Equity to Acquire American Traffic Solutions
LOS ANGELES (April 17, 2017) –Platinum Equity today announced it has signed a definitive agreement to acquire American Traffic Solutions (ATS). Financial terms of the transaction were not disclosed. Arizona-based ATS is a leading provider of road safety cameras and toll and violations management solutions throughout North America. The company has more than 3,500 installed […]
PAE Enters Into Definitive Agreement to Acquire FCi Federal
ARLINGTON, Va., April 3, 2017 – PAE today announced it has signed a definitive agreement to acquire FCi Federal. FCi, headquartered in Ashburn, Va., provides essential services for immigration and national security including adjudication support, eligibility verification and business process outsourcing services for federal government customers. The transaction is subject to regulatory approval and is […]
Platinum Equity Announces Closing of $6.5 Billion Fund
LOS ANGELES, CA (March 13, 2017) – Platinum Equity announced today the close of Platinum Equity Capital Partners IV, a $6,500,000,000 global buyout fund. The fund was heavily oversubscribed, driven by the success of Platinum’s highly specialized M&A&O® strategy that integrates investment expertise with deep operational capability and resources. “We are grateful to investors for […]
Platinum Equity to Acquire Staples’ Business in Australia and New Zealand
FRAMINGHAM, Mass. & LOS ANGELES (March 13, 2017)— Staples, Inc. (NASDAQ: SPLS) and Platinum Equity today announced a definitive agreement under which Platinum Equity will acquire Staples’ business in Australia and New Zealand for an undisclosed sum. The transaction is expected to close in the second calendar quarter of 2017. Staples is a leading supplier […]
Platinum Equity Acquires Businesses of Cox Target Media
LOS ANGELES (Jan. 3, 2017) – Platinum Equity today announced it has acquired the businesses of Cox Target Media (CTM) from Cox Media Group. Financial terms of the transaction were not disclosed. Based in St. Petersburg, Fla., CTM’s businesses comprise one of the nation’s largest direct marketing service providers, reaching more than 100 million consumers, primarily through […]
Platinum Equity Completes Acquisition of Chinese Manufacturing Businesses from Broadway Industrial Group Limited
LOS ANGELES (Dec. 30, 2016) – Platinum Equity today announced it has completed the acquisition of the Foam Plastic Solutions (“FPS”) and Flow Control Devices (“FCD”) businesses of Broadway Industrial Group Limited. FPS is a leading supplier of protective packaging, insulation and component products to the consumer electronics, automotive, medical and other end-markets. FCD supplies […]
Platinum Equity Completes Sale Of Mactac North American Business To LINTEC
LOS ANGELES (Dec. 2, 2016) – Platinum Equity announced today it has completed the sale of Mactac Americas, LLC, to LINTEC Corporation in a transaction valued at approximately $375 million. LINTEC, headquartered in Tokyo, is a manufacturer of adhesive-related products with operations in 15 countries around the world. Mactac, headquartered in Ohio, is a […]
Emerson Completes Sale of Network Power to Platinum Equity
Emerson Completes Sale of Network Power to Platinum Equity Transaction closing marks another milestone in the strategic portfolio repositioning process ST. LOUIS, December 1, 2016 – Emerson (NYSE: EMR) today announced that it has completed the sale of its Network Power business to Platinum Equity and a group of co-investors. Emerson received proceeds of $4 […]
Emerson Network Power Rebrands As Vertiv, Appoints New CEO
Veteran technology executive Rob Johnson to lead new standalone company following sale to Platinum Equity New era begins focused on speed, technology innovation and growth, with added flexibility to serve expanding markets for cloud computing, mobile networking Columbus, Ohio – (Nov. 30, 2016) – The business now formerly known as Emerson Network Power today announced the appointment […]
Electro Rent Corporation to Acquire Microlease
Combination will create a premier global platform in the electronic test and measurement services industry LOS ANGELES / LONDON – 16 November 2016 – Electro Rent Corporation today announced it entered into an agreement to acquire Microlease from Lloyds Development Capital. The transaction is expected to close during Q1 2017. Financial terms were not […]