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August 09, 2019

Wesco Aircraft Enters into Definitive Merger Agreement to be Acquired by Affiliate of Platinum Equity

VALENCIA Calif., August 9, 2019 – Wesco Aircraft Holdings Inc. (NYSE: WAIR), one of the world’s leading distributors and providers of comprehensive supply chain management services to the global aerospace industry, today announced that it has entered into a definitive merger agreement to be acquired by an affiliate of Platinum Equity in a transaction valued at approximately $1.9 billion. Upon closing, Wesco will be combined with Platinum Equity portfolio company Pattonair, a provider of supply chain management services for the aerospace and defense industries based in the United Kingdom...

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July 11, 2019

Yak Access Acquires Klein’s Restoration Services

Platinum Equity Portfolio Company Strengthens Services Offering, Expands Footprint in Midwest LOS ANGELES (July 11, 2019) – Yak Access LLC, a portfolio company of Platinum Equity, announced today it has acquired Klein’s Restoration Services. Financial terms were not disclosed. Based in Canton, Ohio, Klein’s provides a broad range of services including restoration, matting, site development and construction, and traffic control solutions, primarily to the powerline industry. Yak Access, based in Columbia, Miss., is a comprehensive access solutions company providing matting solution...

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July 09, 2019

Platinum Equity Sells Artesyn’s Embedded Computing Business to SMART Global Holdings

LOS ANGELES (July 9, 2019) – Platinum Equity announced today the sale of the Embedded Computing business of portfolio company Artesyn Embedded Technologies, Inc. (“Artesyn”), to SMART Global Holdings, Inc. (“SMART”) (NASDAQ: SGH). The transaction is valued at approximately $80 million in cash at close, plus approximately $10 million of performance-based consideration that will be paid if certain agreed-upon targets are achieved over the second half of calendar year 2019. Artesyn has been a portfolio company of Platinum Equity since 2013. Artesyn’s Embedded Computing business ...

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July 01, 2019

Multi-Color Corporation Acquired by Affiliate of Platinum Equity

CINCINNATI, OHIO, July 1, 2019 - Multi-Color Corporation ("Multi-Color Corporation" or the "Company") today announced that the anticipated acquisition of the Company by an affiliate of Platinum Equity, a leading private equity firm, is now complete.  At closing, Multi-Color Corporation merged with a subsidiary of WS Packaging, another label solutions leader within Platinum Equity's portfolio of companies. The combined company, which will be known as Multi-Color Corporation and headquartered in Cincinnati, is a $2.2 billion USD per annum revenue business with 86 plants in 26 countr...

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June 03, 2019

Platinum Equity Completes Acquisition of Spanish Seafood Provider Iberconsa from Portobello Capital

LOS ANGELES (June 3, 2019) – Platinum Equity today announced it has completed the acquisition of a majority stake in Grupo Ibérica de Congelados, S.A. (“Iberconsa”) from Portobello Capital and affiliates of the company’s founding families. Portobello Capital and members of the Iberconsa management team are co-investing alongside Platinum Equity. Financial terms were not disclosed. Headquartered in Vigo, Spain, Iberconsa is a global provider of frozen seafood products, including hake, Argentine red shrimp and squid. The company is vertically integrated across the full value chain, i...

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May 15, 2019

Platinum Equity to Sell Artesyn’s Embedded Power Business to Advanced Energy

Partial Divestiture Separates Artesyn’s Embedded Power, Embedded Computing and Consumer Products Businesses LOS ANGELES (May 15, 2019) – Platinum Equity announced today the signing of a definitive agreement to sell the Embedded Power business of portfolio company Artesyn Embedded Technologies, Inc., to Advanced Energy Industries, Inc. (Nasdaq: AEIS), in a transaction valued at approximately $400 million. The transaction is expected to close during the second half of 2019, subject to regulatory approval and other customary closing conditions. Artesyn Embedded Technologies has been a p...

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