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March 04, 2022

Platinum Equity Portfolio Company L&R Distributors Acquires SJ Creations

LOS ANGELES and BROOKLYN (March 4, 2022) – Platinum Equity portfolio company L&R Distributors announced today the acquisition of SJ Creations (“SJ”) from the company’s founders.  Financial terms were not disclosed. Headquartered in Encinitas, California, SJ is a health, beauty and personal care products company focused on everyday and specialty bath, body and skin care products sold in major retailers under owned brands or private label.  The company has strong capabilities in design, marketing, sourcing and selling across a wide variety of product families and end-customers. ...

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February 28, 2022

How the Oregon Tool Disaster Response Team assists communities in removing tree debris following storms

When it made landfall last summer, Hurricane Ida downed trees throughout Louisiana, which created hazardous situations in an area accustomed to the dangers of violent storms. Shortly afterward dispatching a team of to assist relief efforts, Oregon Tool representatives received an e-mail from a Hammond, La., resident thanking the company’s Disaster Response Team for its chainsaw support after the Category 4 storm caused an estimated $18 billion in insured losses throughout the state. She wrote: As a recently divorced mother of girls, I had never had to do maintenance on my chainsa...

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February 17, 2022

Aventiv Technologies Formally Launches Independent Advisory Board of Experts and Advocates in Reentry, Rehabilitation, Education

DALLAS, February 17, 2022 -- Aventiv Technologies, the leading technology company empowering rehabilitative justice by pioneering the development and deployment of educational platforms as a rehabilitation tool for the incarcerated, today announced the formal launch of a Corporate Advisory Board to help fulfill its aggressive, multi-year commitments to transformation. The board comprises 11 leaders representing a diverse cross-section of constituencies and communities. Its chairperson is Teresa Hodge, a formerly incarcerated business leader turned advocate and President and CEO of Missio...

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February 15, 2022

Sale of PAE to Amentum Completes Platinum Equity’s Exit of Mission-Critical Solutions Provider

Investment helped establish Platinum’s playbook in government services sector where firm seeks new opportunities to put capital to work LOS ANGELES (February 15, 2022) — Platinum Equity confirmed today that following the approximately $1.9 billion sale of PAE Incorporated to an affiliate of Amentum Government Services Holdings LLC that closed this morning, the firm has fully exited its investment in the government services provider that it acquired in 2016 and took public in 2020. PAE is a global leader in delivering mission-critical smart solutions to the U.S. government and its al...

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January 27, 2022

Platinum Equity and Ball Corporation Complete Sale of Ball Metalpack to Sonoco for $1.35 Billion

LOS ANGELES and WESTMINSTER, Colo., January 27, 2022 — Platinum Equity announced today that the sale of Ball Metalpack to Sonoco (NYSE: SON) in a transaction valued at approximately $1.35 billion has been completed. Ball Metalpack, based in Broomfield, Colorado, manufactures sustainable steel containers for aerosol products, food, household consumables, pet food, nutritional and other products in the United States. It was formed as a joint venture between Platinum Equity and Ball Corporation in 2018. Platinum Equity owned 51 percent of the business and Ball Corporation owned 49 percent. ...

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January 24, 2022

Platinum Equity to Acquire Leaders Romans Group

Acquisition of UK Property Services Business Adds to Global Buyout Firm’s Momentum in Europe LOS ANGELES (January 24, 2022) – Platinum Equity announced today the signing of a definitive agreement to acquire Leaders Romans Group (‘LRG’), one of the UK’s largest property services firms, from Bowmark Capital. Financial terms were not disclosed. LRG specializes in residential property lettings, sales and associated professional services, including planning and surveying. The group has a nationwide network of 210 branches and offices and manages over 62,000 properties across the UK...

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