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January 16, 2024

Platinum Equity to Sell Hunterstown Power Generation Facility to LS Power

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-... Read more

LOS ANGELES  (Jan. 16, 2024) – Platinum Equity announced today the signing of a definitive agreement to sell the Hunterstown power generation facil... Read more

LOS ANGELES  (Jan. 16, 2024) – Platinum Equity announced today the signing of a definitive agreement to sell the H. Read more

January 11, 2024

Platinum Equity Acquires Premium Rum Blending Specialist E&A Scheer

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-m... Read more

LOS ANGELES (Jan. 11, 2024) – Platinum Equity announced today the acquisition of premium rum blending specialist E&A Scheer, the largest global ... Read more

LOS ANGELES (Jan. 11, 2024) – Platinum Equity announced today the acquisition of premium rum blending specialist E&. Read more

January 09, 2024

Platinum Equity Acquires Augusta Sportswear Brands and Founder Sport Group

Youth sports performance apparel businesses joining forces to create expanded portfolio of brand, product and service offeringsLOS 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 ... Read more

Youth sports performance apparel businesses joining forces to create expanded portfolio of brand, product and service offeringsLOS ANGELES (January 9,... Read more

Youth sports performance apparel businesses joining forces to create expanded portfolio of brand, product and service. Read more

January 02, 2024

Platinum Equity to Acquire Horizon Organic and Wallaby from Danone

Leading dairy products brands projected to benefit from Platinum Equity’s carve-out experience and operational expertiseLOS ANGELES (Jan. 1, 2024) – Platinum Equity today announced the signing of a definitive agreement to acquire Horizon Organic and Wallaby from Danone.Horizon Organic is the largest USDA-certified organic dairy brand in the world and is a pioneer in dairy beverages, having introduced the first organic milk available coast to ... Read more

... Read more

Leading dairy products brands projected to benefit from Platinum Equity’s carve-out experience and operational expe. Read more

December 20, 2023

Cabinetworks Group introduces new $8 million corporate headquarters, brings 110 new jobs to Detroit suburb

LIVONIA, Mich. - With various local and state officials on hand, Cabinetworks Group officially opened its new $8 million corporate headquarters in December. CEO John Barkhouse and Chief Human Resource Officer Jo Ann Morelli did the honors, cutting the red ribbon in front of employees assembled over two floors on the site that was once a call center for a local healthcare company. Cabinetworks Group previously resided in an oversized and agi... Read more

LIVONIA, Mich. - With various local and state officials on hand, Cabinetworks Group officially opened its new $8 million corporate headquarters in Dec... Read more

LIVONIA, Mich. - With various local and state officials on hand, Cabinetworks Group officially opened its new $8 mill. Read more

December 19, 2023

Platinum Equity Portfolio Company Hop Lun Acquires Rainbow West Apparel

LOS ANGELES and HONG KONG (Dec. 18, 2023) – Platinum Equity portfolio company Hop Lun, one of the world’s largest designers and manufacturers of undergarments and swimwear, announced today the acquisition of Rainbow West Apparel (“RW Designs”), a woman and minority-owned swimwear company based.Founded in 1993 as a family-owned business, RW Designs is a Los Angeles-based company that has served as a premier private label design house and m... Read more

LOS ANGELES and HONG KONG (Dec. 18, 2023) – Platinum Equity portfolio company Hop Lun, one of the world’s largest designers and manufacturers of u... Read more

LOS ANGELES and HONG KONG (Dec. 18, 2023) – Platinum Equity portfolio company Hop Lun, one of the world’s largest. Read more

December 12, 2023

BlueCrest introduces OttoMate, a collaborative robot, which aims to increase productivity and reduce labor-intensive tasks in mailrooms

BlueCrest recently unveiled OttoMate, its first collaborative robot, which is engineered to work alongside human workers to automate various tasks in the mailing industry. In response to prevailing labor challenges in the mailing market, which include high turnover rates causing disruptions in recruitment, BlueCrest developed OttoMate. “With the introduction of OttoMate, we hope to leverage our intellectual property and industry know-how ... Read more

BlueCrest recently unveiled OttoMate, its first collaborative robot, which is engineered to work alongside human workers to automate various tasks in ... Read more

BlueCrest recently unveiled OttoMate, its first collaborative robot, which is engineered to work alongside human work. Read more

December 06, 2023

Platinum Equity Sells Valpak to AmatoMartin

LOS ANGELES (Dec. 4, 2023) – Platinum Equity announced the sale of marketing and advertising solutions provider Valpak to AmatoMartin, a privately held investment holding company. Valpak, based in St. Petersburg, Florida, is a leader in omnichannel media and direct marketing solutions for local businesses and national brands. The company is trusted by 34,000 businesses to drive lead generation and brand awareness through direct mail and digi... Read more

LOS ANGELES (Dec. 4, 2023) – Platinum Equity announced the sale of marketing and advertising solutions provider Valpak to AmatoMartin, a privately h... Read more

LOS ANGELES (Dec. 4, 2023) – Platinum Equity announced the sale of marketing and advertising solutions provider Val. Read more

November 30, 2023

Platinum Equity’s acquisition of Tarter Farm and Ranch another example of ability to tailor solutions for founder-owned businesses seeking outside investment

Tarter Farm and Ranch Equipment is a well-known brand that provides mission-critical products for farmers and ranchers in the U.S. The company is also the latest example of Platinum Equity providing a divestiture solution for a founder-owned company. Following similar acquisition paths as current portfolio companies like L&R, Arrow International and Hop Lun, Tarter also required a degree of understanding that there is a personal dynamic... Read more

Tarter Farm and Ranch Equipment is a well-known brand that provides mission-critical products for farmers and ranchers in the U.S. The company is a... Read more

Tarter Farm and Ranch Equipment is a well-known brand that provides mission-critical products for farmers and rancher. Read more

November 16, 2023

Club Car provides fleet of solar-powered vehicles at the Ryder Cup for the first time in event history

Club Car provides fleet of solar-powered vehicles at the Ryder Cup for the first time in event historyFor the first time in Ryder Cup history, most of the event fleet cars were solar powered.And Club Car, the Georgia-based golf cart and utility vehicle manufacturer, provided the vehicles.Club Car shipped and assembled a fleet of 550 cars to assist with the staging and support of the event held earlier this year. The biennial event pitting the bes... Read more

Club Car provides fleet of solar-powered vehicles at the Ryder Cup for the first time in event historyFor the first time in Ryder Cup history, most of... Read more

Club Car provides fleet of solar-powered vehicles at the Ryder Cup for the first time in event historyFor the first t. Read more