November 01, 2021
LOS ANGELES (November 1, 2021) – Platinum Equity announced today the sale of Multi-Color Corporation (MCC), a global leader in label solutions, has been completed. Financial terms of the transaction were not disclosed. “MCC’s success was the result of a strong partnership with MCC’s management team and a lot of hard work by talented employees throughout the organization,” said Platinum Equity Partner Louis Samson. “We worked together to quickly transform the business and generate both organic and acquisitive growth, which created significant improvements in top-line and earnings...
Read moreNovember 01, 2021
New York, NY (November 1, 2021) – McGraw Hill today closed its previously-announced transaction to acquire Achieve3000, a recognized leader in differentiated instruction and learning acceleration for PreK-12 students in all 50 states and 48 countries. “Achieve3000 and its product portfolio are wonderful complements to our PreK-12 business,” said Simon Allen, CEO of McGraw Hill. “With this acquisition, we will continue to expand our efforts to serve teachers and engage students to drive better learning outcomes.” The acquisition brings together McGraw Hill’s extensive product ...
Read moreNovember 01, 2021
Transaction includes reinvestment from existing shareholders, and commitments from new investors including Fortress Investment Group, Landmark Partners and Blackstone Strategic Partners LOS ANGELES – November 1, 2021 – Platinum Equity announced today the closing of a continuation fund vehicle in connection with the acquisition of United Site Services (USS), the largest provider of portable sanitation and related site services in the United States. The continuation fund is backed by a group of leading institutional investors, including Fortress Investment Group, Landmark Partners and...
Read moreOctober 25, 2021
Transaction creates industry leading platform with robust scale and breadth of product offering across pet supply categories LOS ANGELES, Oct. 25, 2021 /PRNewswire/ -- Platinum Equity announced today the acquisition of Cosmic Pet, a leading designer, marketer and distributor of pet products, including toys, beds, collars and leashes, treats, feeders and bowls, and other accessories. Cosmic Pet will be combined with Platinum Equity portfolio company Petmate. Financial terms were not disclosed. Cosmic Pet leverages its portfolio of brands, which includes Hyper Pet, Pet Fusion, Our Pets,...
Read moreOctober 25, 2021
Divestiture of Smart Watering Technology Solutions Provider Follows Successful Transformation Program Sale Adds to Momentum of Platinum Equity’s Small Cap Investment Platform LOS ANGELES (October 26, 2021) – Platinum Equity announced today the signing of a definitive agreement to sell Orbit Irrigation to Husqvarna Group in a transaction valued at approximately $480 million. Orbit will become part of Husqvarna Group’s Gardena Division. The transaction is expected to close before year-end 2021, subject to customary regulatory approval. Orbit, based in Salt Lake City, Utah, ha...
Read moreOctober 22, 2021
Acquisition of Madrid-Based Integrated Waste Management Company Adds to Global Buyout Firm’s Momentum in Europe LOS ANGELES and MADRID (October 21, 2021) – Platinum Equity today announced that it has completed the acquisition of Urbaser, one of the world’s largest providers of environmental services, from China Tianying Inc. for an enterprise value of approximately $4.2 billion (€3.5 billion). Urbaser is a leading global environmental management company oriented towards sustainability and innovation, serving more than 70 million people in 25 countries through a network of more t...
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