Platinum Equity Completes Acquisition of Tangent Technologies
Platinum Equity announces completion of Tangent Technologies acquisition.
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April 04, 2022
Platinum Equity Portfolio Company Ingram Micro Completes Sale of Majority of Commerce & Lifecycle Services Business
Sale allows Ingram Micro to increase focus on growth of core technology and cloud businesses LOS ANGELES (April 4, 2022) – Platinum Equity confirmed today that the main closing of the sale of most of portfolio company Ingram Micro’s Commerce & Lifecycle Services Business (“CLS”) to CMA CGM Group has been completed. The transaction was valued at approximately $3 billion. The main closing involved the divestiture of CLS operations in Europe, Canada, U.S., Peru, Colombia, Chile, and Argentina. The deferred closing regarding the remaining operations in Asia Pacific, Mexico and C...
Read moreApril 03, 2022
Cision Completes Acquisition of Streem
Streem brand, platform, and local service continue in Australia and New Zealand (ANZ) market Management team retained with long-term growth mandate Streem joins PR Newswire, Brandwatch, and Falcon.io brands to activate full-service offering for Cision across ANZ SYDNEY and CHICAGO, April 3, 2022 /PRNewswire/ -- Global communications intelligence company Cision announced today that it has completed the acquisition of realtime media monitoring company Streem. Since announcing the deal in December 2021, Streem has continued its high-growth trajectory, winning major new custom...
Read moreApril 01, 2022
Platinum Equity Portfolio Company Paramount Global Surfaces Acquires Stone Source
Acquisition of National Tile and Stone Distributor Strengthens PGS Offering in Growing Commercial Flooring Market LOS ANGELES and MIAMI (April 1, 2022) – Platinum Equity portfolio company Paramount Global Surfaces (“PGS”) announced today the acquisition of Stone Source from a group of investors led by Founders Equity. Financial terms were not disclosed. Headquartered in New York, Stone Source distributes natural stone, ceramic tile and other decorative surfaces to contractors and consumers via the architect and design channel for commercial and high-end residential use. “Th...
Read moreMarch 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. ...
Read moreFebruary 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...
Read moreJanuary 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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