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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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...
Read moreFebruary 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...
Read moreJanuary 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. ...
Read moreJanuary 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...
Read moreJanuary 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 moreJanuary 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...
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