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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May 15, 2015
Platinum Equity CFO Mary Ann Sigler Tells 2015 USC Accounting Graduates: “Be Creative, Be Relevant, Be Ethical”
Los Angeles – (May 15, 2015) – Platinum Equity CFO and CCO Mary Ann Sigler today delivered the commencement address at the University of Southern California’s Leventhal School of Accounting graduation ceremony. Ms. Sigler, who earned a Master’s degree in Business Taxation from USC in 1980, talked about what she has learned over her 35-year career in public accounting and private equity and offered some advice to the 2015 graduating class. She implored the approximately 400 students to be creative, be relevant, and above all else, be ethical. Excerpts from Ms. Sigler’s address...
Read moreMay 15, 2015
Maxim Crane Works Acquires Indianapolis-Based Poindexter Crane Services
Transaction Strengthens Maxim's Midwestern Presence as Company Pursues Growth in Market Ripe with Add-On Opportunities PITTSBURGH--May 15, 2015 - Maxim Crane Works announced today it has acquired Indianapolis, Ind.-based Poindexter Transportation, Inc.'s crane services division. Financial terms of the transaction were not disclosed. Maxim CEO Bryan Carlisle said the acquisition is a strategic move designed to expand Maxim's existing Indiana operations and facilitate continued growth in the region. "Acquiring Poindexter's crane services division will help further strengthen our foothol...
Read moreMay 11, 2015
Platinum Equity Completes Acquisition of PrimeSource Building Products from ITOCHU
LOS ANGELES (May 11, 2015) – Platinum Equity today announced it has completed the acquisition of PrimeSource Building Products, Inc. from ITOCHU Corporation. Financial terms were not disclosed. PrimeSource, headquartered in Irving, Texas, is the largest distributor of construction fasteners and one of the largest distributors of non-lumber building products in North America. Platinum Equity is a global private equity firm currently investing from a $3.75 billion buyout fund focused on acquiring businesses that can benefit from the firm’s operational expertise. Platinum Equity partne...
Read moreMay 04, 2015
Platinum Equity Announces Sale of Bridge Terminal Transport Services
Successful Investment Highlights Strength of Platinum Equity’s Value Proposition in the Lower Middle Market Los Angeles (May 4, 2015) – Platinum Equity today announced it has signed a definitive agreement to sell Bridge Terminal Transport Services, Inc. (“BTT”) to XPO Logistics, Inc. BTT, based in Charlotte, NC, is one of the largest pure-play asset-light drayage providers and a leader in international and domestic transportation solutions at major port locations and inland rail sites throughout the United States. It operates through a network of 28 terminals, 27 container yards a...
Read moreApril 27, 2015
LBO France sells Worldwide Flight Services to Platinum Equity
Paris and Los Angeles, April 27th, 2015 – LBO France today announced the signing of an agreement to sell Worldwide Flight Services (“WFS”) to Platinum Equity. WFS is the world's largest cargo handler and a leading global provider of ground handling and technical services. Today it is present at over 140 major airports in more than 22 countries on five continents. WFS serves 300 airlines globally, including the handling of four million tons of cargo and 50 million airline passengers per annum. The company has grown from a family business to a global leader in its fields and now employs...
Read moreApril 27, 2015
Platinum Equity Acquires Ying Shing Enterprises in China
Investment Marks Platinum Equity’s First Asian Headquartered Acquisition as Firm’s Operations in the Region Continue to Grow LOS ANGELES (April 27, 2015) – Platinum Equity today announced it has acquired Chinese manufacturer Ying Shing Enterprises Limited (“Ying Shing”) from the company’s founder and President Jian Ying Chen. Mr. Chen will retain a minority stake and stay on to continue leading the business. Ying Shing is a fully vertically integrated manufacturing solutions provider for customized precision-engineered plastic injection molded and metal stamping component...
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