Platinum Equity’s Credit Team Provides Term Loan to RELAM to Support Company’s Growth
LOS ANGELES, Aug. 15, 2023 — Platinum Equity announced today it provided a Second-Lien Term Loan (“Term Loan”) to Railway Equipment Leasing and Maintenance Inc. (“RELAM”) to refinance existing indebtedness and support future growth of the business. RELAM is a well-known provider of specialty rental equipment for recurring, regulatory-driven maintenance-of-way (“MOW”) work on railroads, serving […]
Platinum Equity Completes Acquisition of Horticultural Container Manufacturer HC Companies
LOS ANGELES, August 3, 2023 — Platinum Equity announced today that the acquisition of The HC Companies, a leading North American manufacturer of horticultural containers, has been completed. Financial terms were not disclosed. Headquartered in Twinsburg, Ohio, HC operates six manufacturing locations and distribution centers in the US and Canada. The company produces a wide […]
Platinum Equity Credit Team Announces Financing to Support Acquisition of Tom Barrow Company
LOS ANGELES, July 25, 2023 — Platinum Equity announced today it provided an unsecured term loan to the Tom Barrow Company in connection with Ardian’s recent acquisition of a majority stake in the business. Tom Barrow is a leading supplier of design-assist engineering and manufacturers’ representation services to the commercial HVAC industry across healthcare, life […]
Platinum Equity to Acquire Horticultural Container Manufacturer HC Companies
LOS ANGELES, July 17, 2023 — Platinum Equity announced today the signing of a definitive agreement to acquire The HC Companies, a leading North American manufacturer of horticultural containers. Financial terms were not disclosed. The transaction is expected to close in the next several weeks, subject to certain closing conditions. Headquartered in Twinsburg, Ohio, HC […]
Platinum Equity, Solenis executives: Diversey merger creates broader, more global platform
Announced earlier this year, Solenis has formally acquired Diversey in an all-cash transaction valued at $4.6 billion. Headquartered in Wilmington, Del., Solenis is a global manufacturer of specialty chemicals used in water-intensive industries. Platinum Equity acquired Solenis in 2021. Diversey is a global provider of hygiene, infection prevention and cleaning solutions based in Fort Mill, […]
Solenis Completes Acquisition of Diversey for $4.6 Billion
Deal combines two industry leaders in adjacent but highly complementary markets WILMINGTON, Del. (USA) — Solenis, a leading manufacturer of specialty chemicals used in water-intensive industries, has completed its previously announced acquisition of Diversey Holdings, Ltd., effective July 5, in an all-cash transaction valued at an enterprise value of approximately $4.6 billion. Diversey is a […]
Platinum Equity Acquires JELD-WEN Australasia Windows and Doors Business
LOS ANGELES, July 2, 2023 — Platinum Equity announced today that the acquisition of the JELD-WEN Australasia windows, doors and related building products business from JELD-WEN Holding, Inc. for approximately $461 million has been completed. “We are pleased to have provided a divestiture solution to JELD-WEN as the company continues to streamline and simplify its […]
How Club Car is assisting Georgia-based charities through annual sponsorship of Korn Ferry Tour event
At 32, Ironman triathlete Molly Barker’s struggles with alcohol abuse and addiction inspired her to start a Charlotte, N.C.-based program to help young girls navigate life experiences. Since then, Girls on the Run has grown into a national program impacting more than two million girls. Girls on the Run Coastal Georgia is one of Club Car’s […]
TruckPro’s charitable giving program raises $125,000 for St. Jude’s Research Hospital, other charities
TruckPro announced a donation of $125,000 to charities that support veterans, children’s cancerresearch and underserved communities during its annual sales summit in March. The beneficiaries of the TruckPro Gives Back program were the Wounded Warrior Project and The War Amps ($55,000combined), St. Jude Children’s Research Hospital ($40,000), and the Salvation Army in the U.S. and Canada […]
LRG, a Mad Engine brand division, launches its first sustainable capsule to honor Earth Day
LRG, a brand division of Mad Engine, launched its first sustainable capsule in April to honor Earth Day 2023. In the fashion industry, a capsule is a limited-edition apparel collection that correlates with an important moment or event. LRG’s Earth Day capsule utilizes organic cotton and recycled materials. The initiative is part of Mad Engine’s […]