Platinum Equity Announces Sale of Active Aero to Roadrunner Transportation Systems
Proposed Sale Marks Platinum Equity’s Seventh Divestiture of 2014 and Demonstrates Firm’s Continued Strength in the Lower Middle Market LOS ANGELES, CA (August 11, 2014) – Platinum Equity announced today a definitive agreement to sell Active Aero Group to Roadrunner Transportation Systems, Inc. (NYSE: RRTS). Active Aero is a provider of supply-chain solutions focused on […]
Expert Global Solutions to Sell Segments of Accounts Receivable Management Business to Platinum Equity
Business Expected to Operate as TSI Once Transaction is Completed Plano, Tex., and Los Angeles, Calif. (July 14, 2014) — Expert Global Solutions (EGS), a global leader in the Business Process Outsourcing (BPO) industry, announced today that it has entered into an agreement to sell certain segments of its Accounts Receivable Management (ARM) business […]
Platinum Equity Sells Wheel Pros to Audax
LOS ANGELES, CA (July 9, 2014) – Platinum Equity today announced the sale of Wheel Pros, a leading designer and distributor of high performance wheels and tires to the automotive aftermarket, to an affiliate of Audax Private Equity. Financial terms of the transaction were not disclosed. “Wheel Pros is a stable and successful business that has […]
Platinum Equity's PBH Marine Group Sells Michigan-Based Recreational Boat Business
Turnaround Complete Four Years After Acquiring Brands out of Bankruptcy LOS ANGELES, CA (June 23, 2014) – Platinum Equity today announced the sale of Rec Boat Holdings (“RBH”), the manufacturer of Four Winns, Glastron, Wellcraft and Scarab brand boats, to the Bénéteau Group. Financial terms of the transaction were not disclosed. Platinum Equity […]
Platinum Equity Sells Acument to Fontana Gruppo
Successful Eight-Year Stewardship of Detroit-based Fastener Company Highlights Value of Platinum Equity’s Operations Capabilities and Turnaround Expertise LOS ANGELES, CA (June 23, 2014) – Platinum Equity today announced the sale of Acument Global Technologies, a leading provider of mechanical fastening products and services for the transportation market, to Fontana Gruppo, an Italian manufacturer of fastening […]
Former Emerson EVP Craig Ashmore Brings Unique Seller’s Perspective to Platinum Equity’s Buy-Side Efforts
LOS ANGELES, CA, June 10, 2014. Former Emerson Executive Vice President Craig Ashmore, who joined Platinum Equity earlier this year in a senior business development role focused on sourcing new acquisition opportunities, today sits on the other side of the table from where he once sat during a 22-year career as an executive and corporate […]
Platinum Equity Completes Sale of Truesense Imaging
LOS ANGELES, Calif. (May 1, 2014) – Platinum Equity announced today it has completed the sale of Truesense Imaging to ON Semiconductor (NASDAQ: ONNN). Truesense Imaging is a provider of high-performance image sensing devices addressing a wide range of industrial end-markets, including machine vision, surveillance, traffic monitoring, medical and scientific imaging, and photography. “We are […]
Platinum Equity to Sell Truesense Imaging to ON Semiconductor
LOS ANGELES, Calif. (April 2, 2014) – Platinum Equity announced today it has signed a definitive agreement to sell Truesense Imaging to ON Semiconductor (NASDAQ: ONNN). Under the terms of the agreement, ON Semiconductor will pay approximately $92 million in cash for the business. Truesense Imaging is a provider of high-performance image sensing devices addressing […]
Platinum Equity Completes Sale of NESCO To Energy Capital Partners
LOS ANGELES, Calif. (February 27, 2014) – Platinum Equity announced today it has completed the sale of NESCO to an affiliate of Energy Capital Partners LLC (“ECP”). Terms of the agreement were not disclosed. Based in Fort Wayne, Ind., NESCO is a leading provider of fleet equipment rental, sales and services for the North American […]
Volvo Rents Becomes BlueLine Rental
SHIPPENSBURG, Pa. – Volvo Rents, a provider of small- to medium-sized construction rental equipment, today announced the rollout of a new name and corporate identity, BlueLine Rental. The new brand comes following the company’s recent transition to new ownership. Platinum Equity, a Los Angeles-based operations-focused private equity firm, acquired the business from Volvo at the end […]
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