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March 04, 2024

Platinum Equity to Sell Yak Access to United Rentals for $1.1 Billion

LOS ANGELES  (March 4, 2024) – Platinum Equity announced today the signing of a definitive agreement to sell Yak Access, LLC, Yak Mat, LLC and New South Access & Environmental Solutions, LLC (collectively, “Yak”) to United Rentals, Inc. (NYSE: URI) for approximately $1.1 billion in cash. The transaction is expected to close in the first quarter of 2024, subject to limited contractual conditions. Yak is a leader in the North Ameri... Read more

LOS ANGELES  (March 4, 2024) – Platinum Equity announced today the signing of a definitive agreement to sell Yak Access, LLC, Yak Mat, LLC and New ... Read more

LOS ANGELES  (March 4, 2024) – Platinum Equity announced today the signing of a definitive agreement to sell Yak A. Read more

February 23, 2024

Solenis continues investment in growth; $193 million new plant expansion and key R&D investments underscore strategy

Solenis recently announced plans to invest $193 million in expanding existing operations in Suffolk, Va. Plans include the construction of an 80,000-square foot facility focused on production, packaging, and housing a tank farm. Solenis will also create a new rail spur for polyvinylamine (PVAm) polymer production. The project is anticipated to create 34 jobs. The Virginia Economic Development Partnership joined Solenis in the announcement r... Read more

Solenis recently announced plans to invest $193 million in expanding existing operations in Suffolk, Va. Plans include the construction of an 80,00... Read more

Solenis recently announced plans to invest $193 million in expanding existing operations in Suffolk, Va. Plans inc. Read more

February 09, 2024

Year In Review: Platinum Equity navigates choppy 2023 with carveouts, deals in multiple sectors

Platinum Equity navigated a challenging year for private equity by sticking to its core investment strategies.Platinum Equity completed 51 buy and sell-side transactions in 2023, including 10 new platform investments and 28 add-on acquisitions across a variety of sectors, such as consumer, manufacturing, agribusiness and more. Deal sizes varied from the large end of the spectrum to those in the lower end of the middle market. Platinum Equity’s ... Read more

Platinum Equity navigated a challenging year for private equity by sticking to its core investment strategies.Platinum Equity completed 51 buy and sel... Read more

Platinum Equity navigated a challenging year for private equity by sticking to its core investment strategies.Platinu. Read more

January 16, 2024

Platinum Equity to Sell Hunterstown Power Generation Facility to LS Power

LOS ANGELES  (Jan. 16, 2024) – Platinum Equity announced today the signing of a definitive agreement to sell the Hunterstown power generation facility and related assets to LS Power. Financial terms were not disclosed. The transaction is expected to close in the second quarter of 2024. Located in Gettysburg, Pennsylvania, the Hunterstown facility is a combined-cycle gas turbine generating power plant that provides 810 MW to the PJM (Met-... Read more

LOS ANGELES  (Jan. 16, 2024) – Platinum Equity announced today the signing of a definitive agreement to sell the Hunterstown power generation facil... Read more

LOS ANGELES  (Jan. 16, 2024) – Platinum Equity announced today the signing of a definitive agreement to sell the H. Read more

January 11, 2024

Platinum Equity Acquires Premium Rum Blending Specialist E&A Scheer

LOS ANGELES (Jan. 11, 2024) – Platinum Equity announced today the acquisition of premium rum blending specialist E&A Scheer, the largest global blender and vendor of premium rum in bulk, from The Riverside Company.Financial terms of the transaction were not disclosed.Headquartered in Amsterdam, Netherlands, E&A Scheer’s origins date back to 1712. The company specializes in sourcing and blending to create high-quality, custom-made rum ... Read more

LOS ANGELES (Jan. 11, 2024) – Platinum Equity announced today the acquisition of premium rum blending specialist E&A Scheer, the largest global ... Read more

LOS ANGELES (Jan. 11, 2024) – Platinum Equity announced today the acquisition of premium rum blending specialist E&. Read more

January 09, 2024

Platinum Equity Acquires Augusta Sportswear Brands and Founder Sport Group

Youth sports performance apparel businesses joining forces to create expanded portfolio of brand, product and service offeringsLOS ANGELES (January 9, 2024) – Platinum Equity announced today the acquisitions of Augusta Sportwear Brands (“ASB”) and Founder Sport Group (“FSG”). Both companies are suppliers of team uniforms, and off-field performance wear and fan apparel for the youth and recreational sports markets.Financial terms of the ... Read more

Youth sports performance apparel businesses joining forces to create expanded portfolio of brand, product and service offeringsLOS ANGELES (January 9,... Read more

Youth sports performance apparel businesses joining forces to create expanded portfolio of brand, product and service. Read more

January 02, 2024

Platinum Equity to Acquire Horizon Organic and Wallaby from Danone

Leading dairy products brands projected to benefit from Platinum Equity’s carve-out experience and operational expertiseLOS ANGELES (Jan. 1, 2024) – Platinum Equity today announced the signing of a definitive agreement to acquire Horizon Organic and Wallaby from Danone.Horizon Organic is the largest USDA-certified organic dairy brand in the world and is a pioneer in dairy beverages, having introduced the first organic milk available coast to ... Read more

... Read more

Leading dairy products brands projected to benefit from Platinum Equity’s carve-out experience and operational expe. Read more

December 20, 2023

Cabinetworks Group introduces new $8 million corporate headquarters, brings 110 new jobs to Detroit suburb

LIVONIA, Mich. - With various local and state officials on hand, Cabinetworks Group officially opened its new $8 million corporate headquarters in December. CEO John Barkhouse and Chief Human Resource Officer Jo Ann Morelli did the honors, cutting the red ribbon in front of employees assembled over two floors on the site that was once a call center for a local healthcare company. Cabinetworks Group previously resided in an oversized and agi... Read more

LIVONIA, Mich. - With various local and state officials on hand, Cabinetworks Group officially opened its new $8 million corporate headquarters in Dec... Read more

LIVONIA, Mich. - With various local and state officials on hand, Cabinetworks Group officially opened its new $8 mill. Read more

December 19, 2023

Platinum Equity Portfolio Company Hop Lun Acquires Rainbow West Apparel

LOS ANGELES and HONG KONG (Dec. 18, 2023) – Platinum Equity portfolio company Hop Lun, one of the world’s largest designers and manufacturers of undergarments and swimwear, announced today the acquisition of Rainbow West Apparel (“RW Designs”), a woman and minority-owned swimwear company based.Founded in 1993 as a family-owned business, RW Designs is a Los Angeles-based company that has served as a premier private label design house and m... Read more

LOS ANGELES and HONG KONG (Dec. 18, 2023) – Platinum Equity portfolio company Hop Lun, one of the world’s largest designers and manufacturers of u... Read more

LOS ANGELES and HONG KONG (Dec. 18, 2023) – Platinum Equity portfolio company Hop Lun, one of the world’s largest. Read more

December 12, 2023

BlueCrest introduces OttoMate, a collaborative robot, which aims to increase productivity and reduce labor-intensive tasks in mailrooms

BlueCrest recently unveiled OttoMate, its first collaborative robot, which is engineered to work alongside human workers to automate various tasks in the mailing industry. In response to prevailing labor challenges in the mailing market, which include high turnover rates causing disruptions in recruitment, BlueCrest developed OttoMate. “With the introduction of OttoMate, we hope to leverage our intellectual property and industry know-how ... Read more

BlueCrest recently unveiled OttoMate, its first collaborative robot, which is engineered to work alongside human workers to automate various tasks in ... Read more

BlueCrest recently unveiled OttoMate, its first collaborative robot, which is engineered to work alongside human work. Read more