Archives: Our News

Our News inside our platform

Why Platinum Equity Portco McGraw Hill Accelerated Its Digital Transformation

A teacher smiles while helping a young student use a tablet at a classroom desk. | Platinum Equity

EAST YORK, Pa. — Some things just came naturally to Jackson Lau. Take math. For years, he cruised through the subject with ease, but then came fourth grade, and with it, geometry. Suddenly, math wasn’t so simple anymore. His mother, Amy, watched as her son wrestled with tricky concepts like measuring angles and calculating the […]

Platinum Equity’s Club Room Conversation Highlights Firm’s Female Leaders

ChatGPT said: Six women sit on high chairs in front of an audience, speaking and smiling during a panel discussion in a modern room with gold accents and a large black-and-white artwork on the wall. | Platinum Equity

BEVERLY HILLS, Calif. – To recognize Women’s History Month, Platinum Equity recently gave employees an opportunity to hear from five female executives in what will hopefully be the first in a series of conversations where senior executives provide insight and advice for ways to grow within the firm. Held in Platinum Equity’s Club Room, the […]

McGraw Hill Acquires Essaypop, Strengthening its Portfolio of Digital Literacy Tools

A teacher uses an interactive whiteboard to explain a math problem to three young students standing in front of the board. | Platinum Equity

Interactive, Research-based Writing Solution Will Enhance McGraw Hill’s Personalized Learning Capabilities for K-12 COLUMBUS, Ohio (March 24, 2025) – McGraw Hill, a leading global education company, announced the acquisition of Essaypop, an interactive, cloud-based writing solution built by teachers to demystify writing in a way that is user-friendly and intuitive for both educators and students. […]

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 […]