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 transportation logistics for customers with sensitive or time-critical freight, principally in the United States and Mexico.

Platinum Equity acquired a majority interest in Active Aero in 2011 from a consortium of investors that retained a minority ownership position alongside Platinum Equity.  The proposed sale announced today is for 100 percent of the equity of the business.

“We are proud of everything Active Aero has accomplished during Platinum Equity’s ownership of the business,” said Farhaad Wadia, the Senior Vice President in Platinum Equity’s lower middle market group who led the acquisition.  “Through our partnership with Active Aero’s management team and employees, we have been able to build upon the company’s strategic focus as a provider of expedited transportation and position the business for continued long-term success.”

The transaction is expected to be completed by the end of Q3 2014, subject to customary closing conditions.

Active Aero CEO David Schembri said the relationship with Platinum Equity has been instrumental to Active Aero’s success.

“Platinum gave us the support we needed to grow the company in a disciplined and strategic way,” said Mr. Schembri.  “Active Aero is a strong business with a very bright future and it is a perfect fit within Roadrunner’s portfolio.”

The proposed sale of Active Aero would mark Platinum Equity’s seventh divestiture transaction of 2014, following the sales of Keystone Automotive, NESCO, Truesense Imaging, Acument Global Technologies, Rec Boat Holdings and Wheel Pros.

About Platinum Equity

Founded by Tom Gores in 1995, Platinum Equity is a global investment firm with more than $7 billion in assets under management and a portfolio of operating companies that generated approximately $15 billion in revenue in 2013.  Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy the firm calls M&A&O®  – acquiring and operating companies in a broad range of business markets, including manufacturing, information technology, telecommunications, transportation and logistics, media, equipment rental, metals and other industries. Over the past 19 years Platinum Equity has completed more than 150 acquisitions.

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