Platinum Equity Sells Livingston to Purolator
North American full-service customs brokerage firm divested following multi-year transformation campaign Platinum Equ...
Press Releases • February 04, 2025
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, Inc., a leading integrated freight, package and logistics solutions provider. Financial terms of the transaction were not disclosed. Established in 1945...
Read morePress Releases • February 04, 2025
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 disclosed. Headquartered in Ontario, California, R&B was founded in 1968 by Bob Burggraf and is a leading distributor of major home appliances in California, Arizona, Nevada, and New Mexico. ...
Read moreJanuary 14, 2025
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 response, Platinum Equity is offering full support to all employees who are either negatively impacted or helping family or friends during this difficult time. “My thoughts and prayers are with all of our folk...
Read morePress Releases • December 13, 2024
LOS ANGELES (December 13, 2024) – Platinum Equity announced today that the acquisition of a majority stake in F.lli Polli S.p.A. ("Polli"), a leading producer of pasta condiments and vegetable preserves, from affiliates of the founding Polli family has been completed. Financial terms of the transaction were not disclosed. The Polli family retained a minority stake in the business together with CEO Marco Fraccaroli, who will continue to lead the company. Founded in 1872, Polli is an Italian producer of pasta sauces, food in-oil, olives, pickles, and condiments to customers in over 50 co...
Read moreDecember 12, 2024
In 1872, Fausto Polli opened a small store front selling canned vegetables in the heart of Milan. Since that humble beginning, the Polli family has grown the business to become a leading European producer of pesto and pasta sauces. The company today operates four plants in which more than 130 different raw materials are processed, producing approximately 29,000 tons of vegetables and more than 190 million packages every year. A core segment of the business is private label pesto where the company has a leading position in supplying products to European grocery store chains. Traditiona...
Read morePress Releases • December 06, 2024
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 the HVAC/R industry this year. In July, the firm invested in Motors & Armatures Inc. (MARS). Global and MARS, which have a longstanding history, will now join forces, helping strengthen the pro...
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