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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October 18, 2021
Platinum Equity Acquires Oregon Tool
Acquisition will help Oregon Tool fuel innovation and propel global growth PORTLAND, OR (October 18, 2021) – Platinum Equity announced today that the acquisition of Oregon Tool has been completed. Oregon Tool is a global manufacturer and distributor of aftermarket-driven professional grade cutting tools, outdoor equipment accessories and parts. Financial terms were not disclosed. Oregon Tool is the world’s #1 manufacturer of saw chain and guide bars for chainsaws, and a leading manufacturer of lawn mower blades, agricultural tractor attachments and a broad range of other products us...
Read moreSeptember 21, 2021
Platinum Equity Announces Sale of Singapore-Based Electronics Manufacturing Services Provider PCI to Celestica
LOS ANGELES (September 21, 2021) – Platinum Equity announced today the signing of a definitive agreement to sell PCI Limited (“PCI”), an electronics manufacturing services provider based in Singapore, to Celestica Inc. (TSX: CLS) (NYSE: CLS), headquartered in Toronto, a leader in design, manufacturing and supply chain solutions for the world's most innovative companies, for $306 million in cash. The sale is expected to close in mid-fourth quarter of 2021, subject to regulatory approval and customary closing conditions. PCI is a fully integrated design, engineering and manufacturing so...
Read moreSeptember 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...
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