News

Filter by:
Sort by: New | Old

January 24, 2022

Platinum Equity lands largest deals in firm history to highlight bustling 2021

Platinum produces landmark year featuring 17 deals valued at more than $1 billion each, with investments in familiar sectors, industry leaders and familiar brands1 The distribution of vaccines and other medical advances brought hope, but COVID-19 still dominated global headlines throughout 2021. However, the M&A markets easily surpassed pre-pandemic levels and reached all-time highs. Under that backdrop, Platinum Equity delivered a landmark year. Ingram Micro ($7.2 billion), Solenis ($5.25 billion), McGraw Hill ($4.5 billion), Urbaser ($4.2 billion) represent the largest deals in ...

Read more

January 10, 2022

Pelican Products brings strong brand loyalty, new sector to Platinum Equity portfolio

In Q&A, firm executives explain opportunities for growth with Pelican’s durable, well-received protective cases In a recent Forbes article, the rugged Pelican Cargo Case Collection was named one of the top accessories from the 2021 Overland Expo Mountain West show. The review was complimentary of Pelican cargo cases, which are inspired by the company’s military cases and are tailored to the overlanding crowd. Designed to securely mount and quickly release from vehicles, the cases are adaptable to different mounting methods and designed to limit vibrations and fight wind resistanc...

Read more

December 31, 2021

Platinum Equity Completes Acquisition of Pelican Products

LOS ANGELES (December 31, 2021) – Platinum Equity announced today that the acquisition of Pelican Products has been completed. Pelican is a global leader in the design and manufacture of high-performance protective cases and rugged gear for professionals and outdoor enthusiasts, and temperature-controlled supply chain solutions for the healthcare industry. Financial terms were not disclosed. Pelican operates in two primary segments: Pelican Products designs and manufactures high-performance rigid protective cases, advanced portable lighting systems, and outdoor consumer products for hi...

Read more

December 20, 2021

Why Solenis, Sigura Water $6.5 billion merger is a good fit for Platinum Equity

Platinum Equity executives explain the path forward after $5.25 billion investment in Solenis Solenis is an industrial water treatment company with a global footprint that spans 120 countries and five continents with more than 40 manufacturing facilities and 5,200 employees. Solenis also produces needed ESG solutions. “Global demand for solutions that save water, use less energy, eliminate waste, and convert everyday products to more sustainable materials is only continuing to grow," Platinum Equity Partner Jacob Kotzubei said when the firm’s agreement to acquire Solenis was anno...

Read more

December 20, 2021

Platinum Equity Portfolio Company United Site Services Announces Close of New Strategic Investment to Support Continued Growth

Transaction provides substantial capital to fuel next phase of M&A-driven growth and expansion LOS ANGELES – December 20, 2021 – Platinum Equity portfolio company United Site Services, the largest provider of portable sanitation and related site services in the United States, announced today the closing of an investment by a Platinum Equity continuation fund vehicle that will support the company’s continued growth. Terms of the transaction were not disclosed. Asterios Satrazemis, who joined USS as CEO in 2019 and will continue to lead the company going forward, said the new inv...

Read more

December 20, 2021

Platinum Equity and Ball Corporation to Sell Ball Metalpack to Sonoco for $1.35 Billion

LOS ANGELES and WESTMINSTER, Colo., December 20, 2021 — Platinum Equity and Ball Corporation (NYSE:BLL) today announced the signing of a definitive agreement to sell Ball Metalpack to Sonoco (NYSE: SON) in a transaction valued at approximately $1.35 billion. Closing of the transaction is subject to satisfaction of customary closing conditions, including regulatory review, and is expected to be completed in the first quarter of 2022. Ball Metalpack, based in Broomfield, Colorado, manufactures sustainable steel containers for aerosol products, food, household consumables, pet food, nutritio...

Read more