Platinum Equity to Acquire Co-Controlling Stake in US LBM

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Platinum Equity and Existing Investor Bain Capital to Have Equal Ownership and Shared Commitment to Support Company’s Evolution as the Most Trusted Partner to Builders Across the Country   LOS ANGELES (October 16, 2023) – Platinum Equity announced today the signing of a definitive agreement to acquire a co-controlling stake in US LBM, a leading […]

Platinum Equity to Acquire Majority Interest in the Cook & Boardman Group from Littlejohn

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LOS ANGELES (September 29, 2023) – Platinum Equity announced today the signing of a definitive agreement to acquire a majority interest in The Cook & Boardman Group (“Cook & Boardman” or “C&B”) from Littlejohn & Co., LLC (“Littlejohn”). Littlejohn will remain a significant minority shareholder. Financial terms of the transaction were not disclosed. Established in […]

Platinum Equity Delivers Speed, Certainty on Calderys, HWI Deals

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By offering a creative financing solution for the combined consideration of $1.2B and by negotiating advantageous contractual terms, Platinum navigated a challenging M&A market to create a platform poised for additional growth and investment. In a matter of 20 days, Platinum closed a €930m EV carveout deal for the refractories business of French-headquartered corporate Imerys, […]

HWI’s $35M Renovation of Alabama Plant ‘Remarkable’ Story

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FAIRFIELD, Ala. – The shuttered plant was in rough shape. During a 2021 visit to check the condition of the idled plant, which once manufactured refractory products used for aluminum production, HarbisonWalker International representatives Kevin Ballard and Jason West came upon a scene where Mother Nature was winning. Ballard, vice president of operations and engineering, […]

Michigan announces Cabinetworks Group adding 110 jobs, relocating corporate headquarters to Detroit suburb

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Michigan officials announced recently that Cabinetworks Group will add 110 corporate and professional services jobs while moving its headquarters from Ann Arbor, Mich., to a nearby Detroit suburb. Gov. Gretchen Whitmer and the Michigan Economic Development Corporation said the cabinet manufacturer plans to “centralize corporate functions to better serve its customer base and to attract […]

Platinum Equity’s Credit Team Provides Term Loan to RELAM to Support Company’s Growth

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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

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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

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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 […]