Archives: Our News

Our News inside our platform

Platinum Equity Ready for Annual JRLA Mentorship Event: ‘A Lifelong Connection’

People sit across from each other at tables engaging in speed networking inside a venue with a "Detroit" logo on the wall and a screen displaying "Speed networking." | Platinum Equity

DETROIT – Last June, local sportswriters gathered at the Henry Ford Pistons Performance Center basketball court for a news conference where Detroit Pistons owner Tom Gores welcomed Trajan Langdon, the franchise’s new President of Basketball Operations. After a series of questions from veteran journalists, a new face added his voice to the proceeding. Platinum Equity […]

Platinum Equity’s 2024 Highlighted by $12.4B Fund VI Close, Ingram IPO, Deal Uptick

Two men in suits standing and talking inside a large industrial warehouse near an open loading bay door, with sunlight streaming in and yellow Kohler generators visible to the right. | Platinum Equity

In spite of a challenging climate for fund raising, Platinum Equity Capital Partners VI (“Fund VI”) closed in 2024 with $12.4 billion in capital commitments, exceeding its target. The global M&A markets saw some signs of a rebound last year after a slow 2023. Platinum Equity reacted with a combination of discipline and creativity, completing […]

Electro Rent Sells intellirent

Company divests ancillary division focused on power and infrastructure markets LOS ANGELES (February 19, 2025) – Platinum Equity portfolio company Electro Rent today announced the signing of a definitive agreement to sell its intellirent division to Sandbrook Capital. intellirent provides electrical test and measurement (“T&M”) equipment primarily serving the power generation and distribution, data center […]

Platinum Equity Completes Acquisition of Héroux-Devtek

Two large cylindrical metal components on wheeled stands in an industrial workshop, with shelves, tools, and a yellow overhead crane in the background. | Platinum Equity

LOS ANGELES (February 12, 2025) – Platinum Equity announced today that the acquisition of Héroux-Devtek Inc. (TSX: HRX), a leading international manufacturer of aerospace products and the world’s third-largest landing gear manufacturer, has been completed. “We have been investing in Canada for a long time and know the market dynamics and leading sectors very well. […]

Platinum Equity Sells Livingston to Purolator

A bustling shipping port with large blue and white container cranes loading and unloading cargo from a red container ship, surrounded by stacks of multicolored shipping containers and industrial equipment, with a cityscape and greenery visible in the background. | Platinum Equity

North American full-service customs brokerage firm divested following multi-year transformation campaign Platinum Equity to continue pursuing opportunities to expand its portfolio of Canadian investments LOS ANGELES (February 4, 2025) – Platinum Equity announced today the sale of Livingston International, an international trade services firm specializing in customs brokerage, freight forwarding and trade consulting, to Purolator, […]

Platinum Equity Invests in R&B Wholesale Distributors

This image shows a modern kitchen with stainless steel Whirlpool appliances, including a microwave, stove, refrigerator, and dishwasher. The space has dark cabinetry, a light countertop, and a herringbone tile backsplash. Large windows in the background reveal a cityscape view. | Platinum Equity

Leading regional home appliance distributor looking to expand its reach Transaction extends momentum of Platinum Equity’s Small Cap team LOS ANGELES (February 4, 2025) – Platinum Equity announced today a significant investment in R&B Wholesale Distributors, Inc., a leading distributor of home appliances in the southwestern United States. Financial terms of the transaction were not […]

Platinum Equity Offers Support, Temporary Housing to Employees Impacted by L.A. Fires

Panoramic view of downtown Los Angeles at sunset, with a pastel-colored sky and the city skyline in the distance, overlooking residential neighborhoods, green hills, and a busy freeway filled with cars. | Platinum Equity

BEVERLY HILLS, Calif. – The wildfires that have devasted the Los Angeles area have impacted many, including Platinum Equity and its L.A.-based employees. Communities around Los Angeles have seen homes and schools destroyed as the wildfires have raced throughout the area, devastating entire neighborhoods and forcing evacuation orders or warnings for nearly 200,000 residents. In […]

Platinum Equity Invests in HVAC/R Distributor Global, The Source

A male HVAC technician wearing a white hard hat and gloves is crouched down, working on the internal wiring of an outdoor air conditioning unit. The side panel of the unit is open, revealing the intricate electrical components. Another identical unit is visible next to it, and a box from the brand "MARS" is on the ground. The setting is outdoors with trees and a building in the background. | Platinum Equity

Global to join forces with Motors & Armatures;  Philip Windham named CEO of growing HVAC/R platform LOS ANGELES (December 6, 2024) – Platinum Equity announced today a significant investment in Global, the Source (“Global”), a leading master distributor of HVAC/R components, and its subsidiary AmRad Manufacturing LLC. The transaction marks Platinum Equity’s second investment in […]