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April 03, 2024

How Winc management team, Platinum Equity ops ‘rose to the occasion’ to pull off turnaround for customers in Australia, New Zealand

SYDNEY – The distribution center west of Australia’s largest city is operating efficiently on the warm September day.Winc Supply Chain Director Chris Fox proudly takes visitors by rows of empty pallets neatly stacked near the loading dock.He points to fully automated robots moving boxes of workplace supplies like headphones, cleaning products, staples, hand sanitizer and common office snacks.Workers move about the more than 43,000 square mete... Read more

SYDNEY – The distribution center west of Australia’s largest city is operating efficiently on the warm September day.Winc Supply Chain Director Ch... Read more

SYDNEY – The distribution center west of Australia’s largest city is operating efficiently on the warm September . Read more

April 02, 2024

Platinum Equity Completes Acquisition of Horizon Organic and Wallaby from Danone

Leading dairy products brands projected to benefit from Platinum Equity’s carve-out experience and operational expertise LOS ANGELES (April 2, 2024) – Platinum Equity today announced that the acquisition of a majority interest in Horizon Organic and Wallaby from Danone has been completed. Horizon Organic is the largest USDA-certified organic dairy brand in the world and is a pioneer in dairy beverages, having introduced the first organi... Read more

Leading dairy products brands projected to benefit from Platinum Equity’s carve-out experience and operational expertise LOS ANGELES (April 2, 20... Read more

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

April 01, 2024

Platinum Equity’s presence during diligence key factor in acquisition of JELD-WEN’s Australasian business

SYDNEY ‑ JELD-WEN, a U.S.-based, publicly traded manufacturer of windows and doors, decided to divest its Australasian business in 2022, which set off a competitive sales process. The process was a chance for Platinum Equity to demonstrate that its operations-intensive approach not only comes into play after an acquisition – it’s also a key differentiator during the diligence stage. According to executives with the company (now branded V... Read more

SYDNEY ‑ JELD-WEN, a U.S.-based, publicly traded manufacturer of windows and doors, decided to divest its Australasian business in 2022, which set o... Read more

SYDNEY ‑ JELD-WEN, a U.S.-based, publicly traded manufacturer of windows and doors, decided to divest its Australas. Read more

March 22, 2024

Platinum Equity Invests in TAK Communications

Firm to partner with TAK’s current shareholders and management team, which will continue as equity partners in the business Transaction extends momentum of Platinum Equity’s Small Cap team LOS ANGELES (March 22, 2024) – Platinum Equity announced today a significant investment in TAK Communications, a national provider of communications and broadband infrastructure services. Financial terms were not disclosed. Headquartered in Sioux... Read more

Firm to partner with TAK’s current shareholders and management team, which will continue as equity partners in the business Transaction extends m... Read more

Firm to partner with TAK’s current shareholders and management team, which will continue as equity partners in the . Read more

March 15, 2024

Platinum Equity Completes Sale of Yak Access to United Rentals for $1.1 Billion

LOS ANGELES  (March 15, 2024) – Platinum Equity announced today that the sale of 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 has been completed. Yak is a leader in the North American matting industry with a fleet of approximately 600,000 hardwood, softwood, and composite mats providing surface protec... Read more

LOS ANGELES  (March 15, 2024) – Platinum Equity announced today that the sale of Yak Access, LLC, Yak Mat, LLC and New South Access & Environme... Read more

LOS ANGELES  (March 15, 2024) – Platinum Equity announced today that the sale of Yak Access, LLC, Yak Mat, LLC and. Read more

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-m... 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