How Sunrise Medical Supports Air Travel Innovation for Power Wheelchair Users
Wheelchair manufacturer works to assist users who need assistance while flying.
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September 15, 2021
Platinum Equity Acquires Petmate
LOS ANGELES (September 15, 2021) – Platinum Equity announced today the acquisition of Petmate, a leading maker of pet products sold through a wide range of retail partners. Financial terms were not disclosed. Headquartered in Arlington, Texas, Petmate was founded in 1959 as Doskocil Manufacturing with a singular focus on providing safe pet transportation, resulting in the development of the industry’s first dog kennel. Today the company manufactures, sources and markets a diverse product line that includes plastic and wire pet kennels, dog houses, toys, food storage, bedding, treats and...
Read moreSeptember 09, 2021
Why Platinum Equity acquisition of LifeScan was ‘rebirth’ for healthcare leader in glucose management
When Val Asbury decided to leave nursing in the mid-80s, she was determined to join a related healthcare field. The thought process has led to her current position as CEO of LifeScan, a leading provider of blood glucose monitoring products for the treatment of diabetes. LifeScan manufactures OneTouch brand products, which includes blood glucose meters, test strips, lancets, point-of-care testing systems and integrated digital health solutions. Headquartered in Chesterbrook, Pa., and Zug, Switzerland, LifeScan serves approximately 20 million patients globally in more than 90 countries. ...
Read moreAugust 30, 2021
McGraw Hill to Acquire Edtech Pioneer Achieve3000
New York, NY (August 30, 2021) – McGraw Hill announced today that it has entered into a definitive agreement to acquire Achieve3000, a recognized leader in differentiated instruction and learning acceleration for PreK-12 students in all 50 states and 49 countries. Financial terms were not disclosed. The transaction is expected to be completed in approximately 60 days, subject to customary closing conditions. Based in Red Bank, NJ and founded more than 20 years ago, Achieve3000 delivers a comprehensive learning platform that significantly accelerates and deepens learning in literacy, ma...
Read moreAugust 24, 2021
Why Platinum Equity believes in SVP Worldwide's efforts to make ‘sewing more accessible’
A collaboration with Amazon Prime’s Making the Cut, a reality series where fashion designers test skills and business acumen. Promotional tie-ins with Cruella and Maleficent, film releases from Disney. Apps that create personalized clothing. Not exactly what first comes to mind when thinking of sewing machines, which have been around since shortly after the founding of the U.S. In 2018, SVP Worldwide CEO Carl-Martin Lindahl had his eyes opened when assuming his current position after leaving KitchenAid, a subsidiary of Whirlpool. “I got to the company and they were taking ou...
Read moreAugust 18, 2021
CEO: Under Platinum Equity, Orbit Irrigation has transformed into technology company
SALT LAKE CITY - Stuart Eyring has worked at Orbit Irrigation Systems for 16 years. Starting as executive vice president of marketing, he is currently the CEO of the company, which is a leading provider of irrigation systems and related products. As a long-tenured executive, he had a front row seat when Platinum Equity acquired Orbit and Hydro Rain from the company’s founders in early 2019. At the time of the announcement, Platinum Partner Jacob Kotzubei said: “With the addition of our financial, operational and M&A resources to support the company’s growth, Orbit is poised ...
Read moreAugust 16, 2021
Platinum Equity Completes Acquisition of Global Aerospace Supply Chain Services Provider Unical Aviation
Aviation parts and components business to benefit from new operational resources and recapitalized balance sheet as air travel begins to rebound LOS ANGELES (August 16, 2021) – Platinum Equity announced today it has completed the acquisition of Unical Aviation Inc. and certain of the company’s affiliates (“Unical”), a leading provider of aircraft parts and components to the global commercial aerospace market, from affiliates of the company’s founders. The acquisition includes Unical Aviation, Unical MRO, Unical 145 and Unical Aero. Unical Defense Inc., an affiliate that serves ...
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