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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July 06, 2021
Platinum Equity to Acquire Water Treatment Company Solenis for $5.25 Billion
Solenis to Merge with Sigura, Creating Diversified Leader in Sustainable Solutions LOS ANGELES – July 6, 2021 – Platinum Equity announced today that it has signed a definitive agreement to acquire Solenis, a leading global producer of specialty chemicals used in water-intensive industries, from Clayton, Dubilier & Rice (“CD&R”) and BASF in a transaction that implies an enterprise value for Solenis of $5.25 billion. As part of the transaction, Solenis is expected to merge with Sigura Water, an existing Platinum Equity portfolio company the firm acquired in 2019, for a tot...
Read moreJuly 02, 2021
Platinum Equity to Sell Multi-Color Corporation to CD&R
MCC to merge with Fort Dearborn Company LOS ANGELES (July 2, 2021) – Platinum Equity announced today the signing of a definitive agreement to sell Multi-Color Corporation (MCC), a global leader in label solutions, to affiliates of Clayton, Dubilier & Rice (“CD&R”). Financial terms of the transaction were not disclosed. In connection with the transaction, CD&R also announced it has signed a definitive agreement to acquire Fort Dearborn from Advent International, and that it intends to combine MCC and Fort Dearborn to create a global label solutions company serving consum...
Read moreJune 29, 2021
Centerfield Acquires Leading Digital Marketing Solution for Insurance Industry, Datalot
LOS ANGELES – Jun. 29, 2021 – Centerfield, a premier technology service for digital customer acquisition, today announced the signing of a definitive agreement to acquire Datalot, a leading digital marketing solution for auto, home, health and Medicare insurance companies, from an investment fund affiliated with Lightyear Capital. Centerfield’s digital brands and industry leading platform, Dugout, engage in-market consumers and automate end-to-end customer acquisition for leading brands in home services, business services, e-commerce, senior services and many other categories. With ...
Read moreJune 23, 2021
Platinum Equity to Sell JM Swank to Brenntag
LOS ANGELES (June 23, 2021) – Platinum Equity announced today the signing of a definitive agreement to sell food ingredients distributor JM Swank to Brenntag. JM Swank, headquartered in North Liberty, Iowa, offers a highly diversified product portfolio of food ingredients, including spices, dairy, grain, sweeteners, fats & oils, texturants, flavors & colors, starches, cocoa, and inclusions through a broad supplier base. The company generated sales of approximately $500 million in 2020 and is the only national food ingredient distributor with a fleet delivering nationwide. Plati...
Read moreJune 18, 2021
Securus Technologies applauds Connecticut government after taxpayer funded calls for incarcerated become state law
DALLAS, June 17, 2021 -- Yesterday, Connecticut Governor Ned Lamont signed SB 972, legislation that will make Connecticut the first U.S. state to adopt a fully taxpayer funded model for calls made from correctional institutions. Under this new taxpayer funded law, incarcerated individuals and their families will not be charged for calls, making it even easier to communicate with loved ones. Securus Technologies, which currently operates and maintains the secure calling systems used in Connecticut state correctional facilities, released the following statement: "We applaud Connec...
Read moreJune 17, 2021
Awaze to Sell Landal GreenParks to Roompot
Platinum Equity portfolio company divests standalone parks unit, will continue to invest in growing core vacation rentals business LONDON – 17 JUNE 2021 – Awaze, Europe’s leading managed vacation rentals group, announced today the signing of a definitive agreement to sell its Landal GreenParks unit to Roompot. Landal GreenParks is a fully integrated holiday parks owner, operator and exclusive franchisor in continental Europe, with a portfolio that includes approximately 100 holiday parks in Belgium, Denmark, Germany, Great-Britain, Hungary, the Netherlands, Austria, Czech Republic...
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