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November 06, 2023

Kohler Co. to Establish Energy Division as Independent Business with Platinum Equity as Majority Interest Partner, Accelerating Long-Term Growth Strategies for both Organizations

Standalone business providing energy resilience solutions expected to benefit from Platinum Equity’s carve-out experience and operational expertise   LOS ANGELES (Nov. 6, 2023) – Kohler Co. today announced the strategic decision to set Kohler Energy up as a separate, independent business with Platinum Equity engaged as the majority investment partner. Kohler will continue to stay invested in the Energy business following the closing and remains committed to supporting its upward trajectory built on a proven track record of strong performance in the global energy resilience marketpla...

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November 01, 2023

Platinum Equity Races for Malibu Triathlon, CHLA Cancer Fight

Platinum Equity associate Lindsay Saldebar knows firsthand the impact Children’s Hospital Los Angeles has on the community.

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October 16, 2023

Platinum Equity to Acquire Co-Controlling Stake in US LBM

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 distributor of specialty building materials in the United States, from Bain Capital Private Equity (“Bain Capital”). Bain Capital and Platinum Equity will have equal ownership stakes and joint Board governance. Financial terms of the priv...

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October 02, 2023

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

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 1955 and based in Winston-Salem, North Carolina, Cook & Boardman is a leading specialty distributor of commercial door and security integration solutions. The company offers a broad range of pro...

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September 04, 2023

HWI's $35M Renovation of Alabama Plant 'Remarkable' Story

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, recalled the visit in June. “Weeds were high, and some pigeons had found homes in the rafters,” Ballard said. West, director of engineering and maintenance, who lives in nearby Jasper, worked at the location...

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August 31, 2023

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

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 and retain talent by relocating to a Livonia, Mich., facility that is being improved and renovated.” The state will award the company a $600,000 grant as part of the expansion. “Cabinetworks is dr...

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