Maxim Crane Works Acquires Indianapolis-Based Poindexter Crane Services

Transaction Strengthens Maxim’s Midwestern Presence as Company Pursues Growth in Market Ripe with Add-On Opportunities PITTSBURGH–May 15, 2015 – Maxim Crane Works announced today it has acquired Indianapolis, Ind.-based Poindexter Transportation, Inc.’s crane services division. Financial terms of the transaction were not disclosed. Maxim CEO Bryan Carlisle said the acquisition is a strategic move designed […]

Platinum Equity Completes Acquisition of PrimeSource Building Products from ITOCHU

LOS ANGELES (May 11, 2015) – Platinum Equity today announced it has completed the acquisition of PrimeSource Building Products, Inc. from ITOCHU Corporation. Financial terms were not disclosed. PrimeSource, headquartered in Irving, Texas, is the largest distributor of construction fasteners and one of the largest distributors of non-lumber building products in North America. Platinum Equity is […]

Platinum Equity Announces Sale of Bridge Terminal Transport Services

Successful Investment Highlights Strength of Platinum Equity’s Value Proposition in the Lower Middle Market Los Angeles (May 4, 2015) – Platinum Equity today announced it has signed a definitive agreement to sell Bridge Terminal Transport Services, Inc. (“BTT”) to XPO Logistics, Inc. BTT, based in Charlotte, NC, is one of the largest pure-play asset-light drayage […]

LBO France sells Worldwide Flight Services to Platinum Equity

Paris and Los Angeles, April 27th, 2015 – LBO France today announced the signing of an agreement to sell Worldwide Flight Services (“WFS”) to Platinum Equity. WFS is the world’s largest cargo handler and a leading global provider of ground handling and technical services. Today it is present at over 140 major airports in more […]

Platinum Equity Acquires Ying Shing Enterprises in China

Investment Marks Platinum Equity’s First Asian Headquartered Acquisition as Firm’s Operations in the Region Continue to Grow LOS ANGELES (April 27, 2015) – Platinum Equity today announced it has acquired Chinese manufacturer Ying Shing Enterprises Limited (“Ying Shing”) from the company’s founder and President Jian Ying Chen.  Mr. Chen will retain a minority stake and […]

Platinum Equity Completes Purchase of Enbi From Royal Ten Cate

Carve Out of Print Rollers and Specialty Components Business Led by Platinum Equity’s Dedicated Lower Middle Market Team LOS ANGELES, CA– April 03, 2015 – Platinum Equity today announced it has completed the acquisition of Ten Cate Enbi (“Enbi”) from Dutch multinational Royal Ten Cate (“TenCate”). Financial terms were not disclosed. Enbi is a supplier […]

BlueLine Rental Acquires Virginia-Based Area Equipment

Third Add-On Acquisition in Seven Months Further Strengthens BlueLine's Presence in Mid-Atlantic Region HOUSTON, TX– April 03, 2015 – BlueLine Rental, a full-service equipment rental company, today announced it has acquired Area Equipment LLC, a rental company in Cheasapeake, VA that serves customers in the industrial and non-residential construction markets. Terms of the transaction were […]

Itochu Announces Divestiture of North American Building Materials Distributor to Platinum Equity

ITOCHU Corporation (headquarters in Minato-ku, Tokyo; Masahiro Okafuji, President & CEO; hereafter “ITOCHU”) and ITOCHU International Inc. announced today that ITOCHU has reached an agreement with Platinum Equity, a Los Angeles based global private equity firm, under which Platinum Equity will acquire PrimeSource Building Products, Inc. The transaction is subject to customary closing conditions, including […]

Platinum Equity Completes Sale of Neovia Logistics

LOS ANGELES (March 3, 2015) – Platinum Equity announced today the sale of Neovia Logistics to an affiliate of Goldman Sachs and investment funds affiliated with Rhône Capital L.L.C has been completed.  Financial terms of the transaction were not disclosed. Neovia Logistics provides spare parts logistics, warehouse management and fulfillment services, distribution solutions and other […]

BlueLine Rental Completes Acquisition of Trico

Strategic Add-On Acquisition Strengthens BlueLine’s Aerial Lift Offering, Expands Presence in Mid-Atlantic Region and Texas HOUSTON, Texas – March 2, 2015 – BlueLine Rental, a full-service equipment rental company, today announced it has completed the acquisition of Trico Equipment, Inc., a  rental company specialized in aerial lift equipment with locations in New Jersey, Pennsylvania, Maryland […]