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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June 10, 2014
Former Emerson EVP Craig Ashmore Brings Unique Seller’s Perspective to Platinum Equity’s Buy-Side Efforts
LOS ANGELES, CA, June 10, 2014. Former Emerson Executive Vice President Craig Ashmore, who joined Platinum Equity earlier this year in a senior business development role focused on sourcing new acquisition opportunities, today sits on the other side of the table from where he once sat during a 22-year career as an executive and corporate dealmaker. He spends much of his time meeting with executives at other large, global companies who are wrestling with the same challenges he once faced as part of the leadership team at Emerson, a $25 billion global manufacturing and technology co...
Read moreMay 01, 2014
Platinum Equity Completes Sale of Truesense Imaging
LOS ANGELES, Calif. (May 1, 2014) – Platinum Equity announced today it has completed the sale of Truesense Imaging to ON Semiconductor (NASDAQ: ONNN). Truesense Imaging is a provider of high-performance image sensing devices addressing a wide range of industrial end-markets, including machine vision, surveillance, traffic monitoring, medical and scientific imaging, and photography. “We are proud of this investment and of all the hard work that went into making it successful,” said Platinum Equity’s Jason Leach, who led the initial acquisition. “The business is fundamentally str...
Read moreApril 02, 2014
Platinum Equity to Sell Truesense Imaging to ON Semiconductor
LOS ANGELES, Calif. (April 2, 2014) – Platinum Equity announced today it has signed a definitive agreement to sell Truesense Imaging to ON Semiconductor (NASDAQ: ONNN). Under the terms of the agreement, ON Semiconductor will pay approximately $92 million in cash for the business. Truesense Imaging is a provider of high-performance image sensing devices addressing a wide range of industrial end-markets, including machine vision, surveillance, traffic monitoring, medical and scientific imaging, and photography. Platinum Equity acquired the business (previously known as Kodak Image Sensor So...
Read moreFebruary 27, 2014
Platinum Equity Completes Sale of NESCO To Energy Capital Partners
LOS ANGELES, Calif. (February 27, 2014) – Platinum Equity announced today it has completed the sale of NESCO to an affiliate of Energy Capital Partners LLC (“ECP”). Terms of the agreement were not disclosed. Based in Fort Wayne, Ind., NESCO is a leading provider of fleet equipment rental, sales and services for the North American electrical transmission and distribution market. “We are proud of the way NESCO grew and evolved under Platinum Equity’s ownership,” said Louis Samson, the Partner at Platinum Equity who led the team that acquired NESCO. “We created substantial v...
Read moreFebruary 07, 2014
Volvo Rents Becomes BlueLine Rental
SHIPPENSBURG, Pa. – Volvo Rents, a provider of small- to medium-sized construction rental equipment, today announced the rollout of a new name and corporate identity, BlueLine Rental. The new brand comes following the company’s recent transition to new ownership. Platinum Equity, a Los Angeles-based operations-focused private equity firm, acquired the business from Volvo at the end of January. “The launch of our new identity represents an exciting milestone for the company,” said Scott Hall, President of BlueLine Rental. “With Platinum Equity’s support, we have new opportunities ...
Read moreFebruary 03, 2014
Platinum Equity Completes Acquisition of Volvo Rents
Los Angeles (February 3, 2014) – Platinum Equity today announced it has completed the acquisition of Volvo Rents from the Volvo Group. Volvo Rents is a leading North American provider of small-to-medium sized rental equipment serving a diverse customer base across multiple industries, including construction, oil and gas, industrial manufacturing, infrastructure, power, and metals and minerals. Platinum Equity Partner Louis Samson, who led the transaction team at Platinum Equity, said he is excited about Volvo Rents’ prospects under new ownership. “We believe Volvo Rents has a tremend...
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