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March 04, 2022

Platinum Equity Portfolio Company L&R Distributors Acquires SJ Creations

LOS ANGELES and BROOKLYN (March 4, 2022) – Platinum Equity portfolio company L&R Distributors announced today the acquisition of SJ Creations (“SJ”) from the company’s founders.  Financial terms were not disclosed. Headquartered in Encinitas, California, SJ is a health, beauty and personal care products company focused on everyday and specialty bath, body and skin care products sold in major retailers under owned brands or private label.  The company has strong capabilities in design, marketing, sourcing and selling across a wide variety of product families and end-customers. ...

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February 15, 2022

Sale of PAE to Amentum Completes Platinum Equity’s Exit of Mission-Critical Solutions Provider

Investment helped establish Platinum’s playbook in government services sector where firm seeks new opportunities to put capital to work LOS ANGELES (February 15, 2022) — Platinum Equity confirmed today that following the approximately $1.9 billion sale of PAE Incorporated to an affiliate of Amentum Government Services Holdings LLC that closed this morning, the firm has fully exited its investment in the government services provider that it acquired in 2016 and took public in 2020. PAE is a global leader in delivering mission-critical smart solutions to the U.S. government and its al...

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January 27, 2022

Platinum Equity and Ball Corporation Complete Sale of Ball Metalpack to Sonoco for $1.35 Billion

LOS ANGELES and WESTMINSTER, Colo., January 27, 2022 — Platinum Equity announced today that the sale of Ball Metalpack to Sonoco (NYSE: SON) in a transaction valued at approximately $1.35 billion has been completed. Ball Metalpack, based in Broomfield, Colorado, manufactures sustainable steel containers for aerosol products, food, household consumables, pet food, nutritional and other products in the United States. It was formed as a joint venture between Platinum Equity and Ball Corporation in 2018. Platinum Equity owned 51 percent of the business and Ball Corporation owned 49 percent. ...

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January 24, 2022

Platinum Equity to Acquire Leaders Romans Group

Acquisition of UK Property Services Business Adds to Global Buyout Firm’s Momentum in Europe LOS ANGELES (January 24, 2022) – Platinum Equity announced today the signing of a definitive agreement to acquire Leaders Romans Group (‘LRG’), one of the UK’s largest property services firms, from Bowmark Capital. Financial terms were not disclosed. LRG specializes in residential property lettings, sales and associated professional services, including planning and surveying. The group has a nationwide network of 210 branches and offices and manages over 62,000 properties across the UK...

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December 31, 2021

Platinum Equity Completes Acquisition of Pelican Products

LOS ANGELES (December 31, 2021) – Platinum Equity announced today that the acquisition of Pelican Products has been completed. Pelican is a global leader in the design and manufacture of high-performance protective cases and rugged gear for professionals and outdoor enthusiasts, and temperature-controlled supply chain solutions for the healthcare industry. Financial terms were not disclosed. Pelican operates in two primary segments: Pelican Products designs and manufactures high-performance rigid protective cases, advanced portable lighting systems, and outdoor consumer products for hi...

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December 20, 2021

Platinum Equity Portfolio Company United Site Services Announces Close of New Strategic Investment to Support Continued Growth

Transaction provides substantial capital to fuel next phase of M&A-driven growth and expansion LOS ANGELES – December 20, 2021 – Platinum Equity portfolio company United Site Services, the largest provider of portable sanitation and related site services in the United States, announced today the closing of an investment by a Platinum Equity continuation fund vehicle that will support the company’s continued growth. Terms of the transaction were not disclosed. Asterios Satrazemis, who joined USS as CEO in 2019 and will continue to lead the company going forward, said the new inv...

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