September 10, 2019
LOS ANGELES (September 10, 2019) – Platinum Equity announced today that the sale of the Embedded Power business of portfolio company Artesyn Embedded Technologies, Inc. to Advanced Energy Industries, Inc. (Nasdaq: AEIS) has been completed. The transaction is valued at approximately $400 million. The Embedded Power business is a leading global supplier and manufacturer of highly engineered power conversion products, including AC-DC power supplies, DC input devices and board mounted DC-DC modules. Artesyn Embedded Technologies has been a portfolio company of Platinum Equity since 2013. ...
Read moreAugust 09, 2019
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...
Read moreJuly 11, 2019
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...
Read moreJuly 09, 2019
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 ...
Read moreJuly 01, 2019
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...
Read moreJune 03, 2019
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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