Jostens Announces $640 Million Dividend Recap
Koch Equity Development invests $450 million, will own minority stake in the business LOS ANGELES (November 12, 2024)...
December 06, 2024
Global to join forces with Motors & Armatures; Philip Windham named CEO of growing HVAC/R platform LOS ANGELES (December 6, 2024) – Platinum Equity announced today a significant investment in Global, the Source (“Global”), a leading master distributor of HVAC/R components, and its subsidiary AmRad Manufacturing LLC. The transaction marks Platinum Equity’s second investment in the HVAC/R industry this year. In July, the firm invested in Motors & Armatures Inc. (MARS). Global and MARS, which have a longstanding history, will now join forces, helping strengthen the pro...
Read moreDecember 02, 2024
While Hurricane Helene was causing devastating flooding in western North Carolina in late September, Oregon Tool technical sales specialist Millard Kidder and other members of his team were making plans to travel to the area to lend a helping hand. Called the Oregon Tool Disaster Response Team, the group deploys teams across the country to help after natural disasters. From the program’s first relief mission to the East Coast after Hurricane Sandy in 2012 to recent disaster relief, the team has offered support for first responders, utility crews, residents and tree services working to rem...
Read morePress Releases • December 02, 2024
LOS ANGELES (Dec. 2, 2024) – Platinum Equity announced today it provided financing to Branding Iron Holdings in connection with Kingswood Capital Management’s recent acquisition of the company. Branding Iron is a leading provider of branded and private label protein products, with a core focus on frozen and refrigerated ground meats. “We are pleased to provide Kingswood and Branding Iron an acquisition financing solution to support their long-term ambitions for the company. We know the business and the sector well and believe our industry experience makes us a valuable long-term pa...
Read morePress Releases • November 22, 2024
LOS ANGELES, November 21, 2024 /PRNewswire/ -- Centerfield, a premier technology service for digital customer acquisition, today announced the acquisition of Brainjolt, a social commerce platform that curates and promotes products to its engaged audiences on Meta, Snap and TikTok. Centerfield's digital brands and proprietary platform, Dugout, engage in-market consumers and supercharge customer acquisition for leading brands in home services, insurance, business services, e-commerce, and many other categories. With Brainjolt, Centerfield adds social commerce capabilities to drive additional ...
Read moreNovember 20, 2024
LIVONIA, Mich. - Although the housing market remains challenging, Cabinetworks Group CEO Jeff Jackson is cautiously optimistic that the company is poised for growth following a turbulent post-pandemic period that has resulted in pent-up demand for home construction and remodeling. Since taking the role of CEO this summer, Jackson and parent firm Platinum Equity have made major investments in both operations and talent. Six new executives, including a chief operating officer, chief marketing officer and chief revenue officer have joined the team. A particular emphasis has been placed on ...
Read morePress Releases • November 12, 2024
Koch Equity Development invests $450 million, will own minority stake in the business LOS ANGELES (November 12, 2024) – Platinum Equity portfolio company Jostens today announced a nearly $640 million recapitalization in connection with a $450 million strategic equity investment from an affiliate of Koch Equity Development LLC (“KED”), the principal investing and acquisition arm of Koch, Inc., and a debt refinancing transaction. The KED equity investment is subject to consummation of the debt refinancing. Proceeds will fund a distribution to Jostens’ existing equity holders and KE...
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