Platinum Equity Completes PlayPower Acquisition
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September 06, 2018
Platinum Equity Sells Majority Stake in Fabcon
LOS ANGELES – Platinum Equity announced today it has sold a majority interest in Fabcon Holding Corporation to Solace Capital Partners. Fabcon is a leading manufacturer of precast, pre-stressed concrete wall panels for nonresidential construction applications. Platinum Equity, which acquired Fabcon in 2016, will remain a meaningful equity investor and Fabcon management will also participate in the transaction. Financial terms were not disclosed. Based in Savage, Minn., Fabcon’s structural precast wall panels are used primarily in the construction of warehouses and distribution centers a...
Read moreJuly 30, 2018
Platinum Equity Acquires Majority Stake in Yak Access
LOS ANGELES (July 30, 2018) – Platinum Equity today announced it has has acquired a majority stake in Yak Access LLC from Jones Companies and Beasley Forest Products. Financial terms of the transaction were not disclosed. Yak Access, based in Columbia, Miss., provides temporary roadway solutions to remote construction sites, primarily serving the oil and gas pipeline and powerline sectors in the United States. The company comprises three related businesses – Yak Mat, New South Access and Environmental Solutions, and BluRoc – offering a full suite of solutions, including hardwood mats,...
Read moreJuly 17, 2018
Michael Fabiano to Join Platinum Equity
Former GSO Managing Director to Lead Formation of Credit Investing Platform LOS ANGELES, CA, July 17, 2018 – Platinum Equity announced today that Michael Fabiano will join the firm to lead formation of a credit investing division built around Platinum Equity’s signature M&A&O® investment strategy. Mr. Fabiano was most recently a Managing Director at GSO Capital Partners LP, the global credit investment platform of Blackstone, where he led credit investments in operationally and financially challenged situations. He will join Platinum Equity in January 2019 and will be base...
Read moreJuly 13, 2018
Platinum Equity Announces $1.5 Billion Small Cap Fund Focused on Lower Middle Market Transactions
New Fund Complements Firm’s Flagship Large Cap Fund; Will Deploy Platinum’s Signature M&A&O® Strategy On Smaller Deals LOS ANGELES, CA (July 13, 2018) – Platinum Equity announced today the close of capital raising for Platinum Equity Small Cap Fund, L.P, the firm’s inaugural fund focused exclusively on investment opportunities in the lower middle market. The fund was oversubscribed and held a single closing at a hard cap of $1.5 billion. It will focus exclusively on the lower middle market, complementing the firm’s flagship $6.5 billion Platinum Equity Capital Partn...
Read moreJuly 03, 2018
Platinum Equity Acquires PLI Card Marketing Solutions
Latest Acquisition Highlights Platinum Equity’s Commitment to Investing in the Lower Middle Market LOS ANGELES AND LAS VEGAS (July 2, 2018) – Platinum Equity and PLI Card Marketing Solutions (a.k.a. Plasticard-Locktech Interational) announced today that Platinum Equity has acquired PLI from affiliates of the company’s founders. Financial terms were not disclosed.Headquartered in Las Vegas, NV, PLI is a leading provider of gift, loyalty and membership card marketing solutions, including card production, personalization, fulfillment, direct mail and print services.PLI is also the world's ...
Read moreJuly 02, 2018
Pitney Bowes Completes Sale of Document Messaging Technologies Business to Platinum Equity
STAMFORD, Conn. July 2, 2018 --- Pitney Bowes Inc. (NYSE:PBI) today announced that the previously disclosed sale of its Document Messaging Technologies (DMT) production mail and supporting software business to Platinum Equity has been completed, with the exception of certain non-U.S. jurisdictions that are each expected to close sometime in the third or early fourth quarter, subject to individual country regulatory requirements. The company expects to use the majority of the net proceeds from the sale to pay down debt. Pitney Bowes is a global technology company that provides commerce so...
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