March 22, 2024
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 Falls, South Dakota, TAK provides fiber and broadband network services, last-mile connectivity and on-premises technology deployment solutions for th...
Read moreMarch 15, 2024
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 protection across both construction and maintenance, repair and operations (MRO) applications. Yak predominantly serves customers in the utility and midstre...
Read moreMarch 04, 2024
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 American matting industry with a fleet of approximately 600,000 hardwood, softwood, and composite mats providing surface protection across both constructio...
Read moreJanuary 16, 2024
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-Ed) 500kV grid, with enough to supply more than 600,000 homes. “Hunterstown is an outstanding asset that has benefited from meaningful investment...
Read moreJanuary 11, 2024
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 blends for business-to-business customers. The company’s blending operation is located at its Amsterdam headquarters. Its aging facilities, ...
Read moreJanuary 09, 2024
Youth sports performance apparel businesses joining forces to create expanded portfolio of brand, product and service offerings LOS 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 private transactions were not disclosed. “Youth sports play an important role in society and participation has been shown to provide impo...
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