Platinum Equity to Invest in Grand Appliance
Leading Midwest appliance distributor to join forces with Platinum-backed R&B Wholesale Distributors LOS ANGELES (Jul...
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October 22, 2019
Cision Ltd. Announces Agreement to Be Acquired by an Affiliate of Platinum Equity for $10.00 Per Share in All Cash Deal Valued at Approximately $2.74 Billion
Transaction Provides Immediate Value for Shareholders Acquisition Expected to Close in Q1 2020 CHICAGO, Oct. 22, 2019 /PRNewswire/ -- Cision Ltd. (NYSE: CISN), a leading global provider of software and services to public relations and marketing communications professionals, today announced that it has entered into a definitive agreement to be acquired by an affiliate of Platinum Equity in an all cash transaction valued at approximately $2.74 billion. Under the terms of the agreement, which has been unanimously approved by the members of Cision Ltd.'s board of directors, an affiliate...
Read moreOctober 16, 2019
Platinum Equity Acquires TruckPro
LOS ANGELES (October 16, 2019) – Platinum Equity today announced the acquisition of TruckPro Holding Corporation (“TruckPro”) from Harvest Partners by an affiliate of Platinum Equity. Financial terms were not disclosed. Headquartered in Memphis, Tennessee, TruckPro is one of the nation’s largest independent distributors of heavy-duty truck and trailer parts. “TruckPro has an extensive national footprint and extraordinary range of products, but it’s the company’s people that set it apart,” said Platinum Equity Principal Jason Price. “Highly knowledgeable sales staff and ...
Read moreSeptember 10, 2019
Platinum Equity Completes Sale of Artesyn’s Embedded Power Business to Advanced Energy
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
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...
Read moreJuly 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...
Read moreJuly 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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