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February 23, 2024

Solenis Announces $193M New Plant Expansion and Key R&D Investments

Solenis recently announced plans to invest $193 million in expanding existing operations in Suffolk, Va.

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February 09, 2024

Platinum Equity Navigates Choppy 2023 with Deals in Multiple Sectors

Platinum Equity navigated a challenging year for private equity by sticking to its core investment strategies.

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January 16, 2024

Platinum Equity to Sell Hunterstown Power Generation Facility to LS Power

LOS ANGELES  (Jan. 16, 2024) – Platinum Equity announced today the signing of a definitive agreement to sell the Hunterstown power generation facility and related assets to LS Power. Financial terms were not disclosed. The transaction is expected to close in the second quarter of 2024. Located in Gettysburg, Pennsylvania, the Hunterstown facility is a combined-cycle gas turbine generating power plant that provides 810 MW to the PJM (Met-Ed) 500kV grid, with enough to supply more than 600,000 homes. “Hunterstown is an outstanding asset that has benefited from meaningful investment...

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January 11, 2024

Platinum Equity Acquires Premium Rum Blending Specialist E&A Scheer

LOS ANGELES (Jan. 11, 2024) – Platinum Equity announced today the acquisition of premium rum blending specialist E&A Scheer, the largest global blender and vendor of premium rum in bulk, from The Riverside Company. Financial terms of the transaction were not disclosed. Headquartered in Amsterdam, Netherlands, E&A Scheer’s origins date back to 1712. The company specializes in sourcing and blending to create high-quality, custom-made rum blends for business-to-business customers. The company’s blending operation is located at its Amsterdam headquarters. Its aging facilities, ...

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January 09, 2024

Platinum Equity Acquires Augusta Sportswear Brands and Founder Sport Group

Youth sports performance apparel businesses joining forces to create expanded portfolio of brand, product and service offerings LOS ANGELES (January 9, 2024) – Platinum Equity announced today the acquisitions of Augusta Sportwear Brands (“ASB”) and Founder Sport Group (“FSG”). Both companies are suppliers of team uniforms, and off-field performance wear and fan apparel for the youth and recreational sports markets. Financial terms of the private transactions were not disclosed. “Youth sports play an important role in society and participation has been shown to provide impo...

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January 02, 2024

Platinum Equity to Acquire Horizon Organic and Wallaby from Danone

Leading dairy products brands projected to benefit from Platinum Equity’s carve-out experience and operational expertise LOS ANGELES (Jan. 1, 2024) – Platinum Equity today announced the signing of a definitive agreement to acquire Horizon Organic and Wallaby from Danone. Horizon Organic is the largest USDA-certified organic dairy brand in the world and is a pioneer in dairy beverages, having introduced the first organic milk available coast to coast in the United States in 1991. Horizon Organic’s portfolio of organic dairy products includes milk, creamers and whiteners, yogurt, che...

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