Platinum Equity to Sell Heat Controller to Lennox
Sale positions Heat Controller for continued growth Divestiture represents final exit of the firm’s investment in HVA...
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August 23, 2022
Aventiv Technologies Launches New Website Dedicated to Providing Information, Resources, and Support to Families and Friends of Incarcerated Individuals
“This new site is part of Aventiv’s larger transformation to better serve the families and friends who support their incarcerated loved ones” – Dave Abel, Aventiv CEO DALLAS, August 23, 2022 — Aventiv Technologies, the leading corrections technology company driving efforts to better serve incarcerated individuals through rehabilitative justice, today announced the launch of a website dedicated to providing information, resources, and support for the friends and families of incarcerated loved ones. The new site, FamiliesAndIncarceration.com, was built after meeting with consumer...
Read moreAugust 12, 2022
Club Car president discusses company’s future as a ‘lifestyle brand’
EVANS, Ga. – Queen Elizabeth’s mode of transportation recently at the Royal Horticultural Society's Chelsea Flower Show drew considerable media attention. At the age of 95, she was driven in a $75,000, state-of-the art golf cart with all-weather capability. The cart came equipped with cream leather seats with reclining capability. Cup holders, a heated windscreen and Bluetooth capability were among the other features for the luxury vehicle. The cart was manufactured by Garia, a Danish low-speed electric vehicle company acquired by Club Car earlier this year. It was Club Car’s first...
Read moreAugust 11, 2022
How Ball Metalpack $1.35 billion divestiture shows Platinum Equity can be a ‘trusted partner’ to corporate sellers
Stakeholders give insight into how good relations and trust are vital when it comes to corporate partnerships When Platinum Equity and Ball Corporation sold Ball Metalpack to Sonoco for approximately $1.35 billion, it marked a successful exit for a Platinum-sponsored partnership with a corporate seller. The sale came after a comprehensive three-year transformation program where Ball Metalpack, the sustainable steel container manufacturer based in Colorado, was established as a standalone enterprise through a broad range of operational improvements throughout the business. The containe...
Read moreAugust 11, 2022
Solenis To Acquire Clearon Corp. and Combine Pool Businesses
Acquisition will expand Solenis’ product offering and strengthen its ability to supply cost-effective, sustainable solutions for recreational pool and spa customers, providing clean, clear, safer water. WILMINGTON, Del. and SOUTH CHARLESTON, W.Va. (USA) — Solenis and Clearon Corp. have announced that Solenis has entered into a definitive agreement to acquire Clearon. This acquisition will enable Solenis to expand its portfolio of products for the residential and commercial pool water and spa treatment markets. Clearon produces trichloroisocyanuric acid (trichlor) and dichloroisocyan...
Read moreAugust 03, 2022
How Game Taco CEO’s ‘passion play’ lands significant partnership with FanDuel
With engaging games like Grand Slam Superstar, Wheel of Fortune on FanDuel app, Game Taco aiming to grow ‘an audience in really a revolutionary way’ Grand Slam Superstar has a prominent location, tucked in the right corner, when the FanDuel Faceoff app is fully loaded on an iPhone. As the name implies, Grand Slam Superstar is a skill-based game where the user scores highest by hitting as many grand slams as possible over the course of 90 seconds. The game is infectious, but the app provides more than idle entertainment; it also allows users to compete against other online competit...
Read moreJuly 28, 2022
Platinum Equity to Acquire High Temperature Solutions Business from Imerys for €930 Million
Proposed Carveout from Paris-based Specialty Materials Leader Adds to Global Buyout Firm’s Momentum in Europe LOS ANGELES and PARIS (July 28, 2022) – Platinum Equity today announced that it has entered into exclusive negotiations to acquire Imerys SA’s High Temperature Solutions business (HTS) in a transaction valued at approximately €930 million. The proposed transaction, which is subject to the fulfillment of customary closing conditions, including the information and consultation of works councils and other regulatory approvals, is expected to be completed by the end of the ye...
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