Platinum Equity Completes PlayPower Acquisition
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July 27, 2017
Vertiv Sells ASCO® to Schneider Electric
Sale enables greater focus on core business Columbus, Ohio [July 27, 2017] – Vertiv, formerly Emerson Network Power, today announced plans to sell its ASCO® business as it continues to sharpen its focus on the digital critical infrastructure space. The $1.25 billion sale to Schneider Electric allows Vertiv to apply additional resources toward business and technological advancements in its core data center, telecommunications and commercial and industrial markets. As Vertiv has repositioned itself after being sold to Platinum Equity in November 2016, it became clear that ASCO’s stren...
Read moreJuly 24, 2017
Platinum Equity to Acquire United Site Services
LOS ANGELES (July 24, 2017) –Platinum Equity today announced it has signed a definitive agreement to acquire United Site Services (USS). Financial terms of the transaction were not disclosed. United Site Services, based in Westborough, Mass., is a leading provider of portable restrooms, temporary fence and related site services. The company serves customers throughout the United States through a network of more than 80 locations and the largest fleet of portable sanitation equipment in the country. “We look forward to partnering with the USS management team to drive continued growth ...
Read moreJuly 24, 2017
Platinum Equity to Acquire United Site Services
LOS ANGELES (July 24, 2017) –Platinum Equity today announced it has signed a definitive agreement to acquire United Site Services (USS). Financial terms of the transaction were not disclosed. United Site Services, based in Westborough, Mass., is a leading provider of portable restrooms, temporary fence and related site services. The company serves customers throughout the United States through a network of more than 80 locations and the largest fleet of portable sanitation equipment in the country. “We look forward to partnering with the USS management team to drive continued growth ...
Read moreJune 01, 2017
Platinum Equity Completes Acquisition of American Traffic Solutions
LOS ANGELES (June 1, 2017) –Platinum Equity today announced it has completed the acquisition of American Traffic Solutions (ATS). Financial terms of the transaction were not disclosed. Arizona-based ATS is a leading provider of road safety cameras and toll and violations management solutions throughout North America. The company has more than 3,500 installed school bus stop arm, red-light and speed safety cameras serving more than 30 million people. ATS’s Fleet Services business provides both toll and violation management solutions to fleets and rental customers. Platinum Equity Pa...
Read moreApril 28, 2017
Platinum Equity Completes Acquisition of Staples’ Business in Australia and New Zealand
LOS ANGELES (April 28, 2017) — Platinum Equity today announced it has completed the acquisition of the Staples business in Australia and New Zealand from Staples, Inc. (NASDAQ: SPLS) for an undisclosed sum. Staples is a supplier of business products, services and solutions in Australia and New Zealand. The company serves a diverse variety of customers, ranging from small-and-medium businesses to large enterprises, including federal, state and territory levels of government in both countries. Following the transition to new ownership, the acquired business will continue to operate under the...
Read moreApril 18, 2017
Platinum Equity to Acquire OfficeMax Business in Australia and New Zealand from Office Depot
LOS ANGELES (April 18, 2017) — Platinum Equity announced today it has signed a definitive agreement to acquire the OfficeMax business in Australia and New Zealand from Office Depot (NASDAQ:ODP). The transaction is subject to regulatory approval in each country and is expected to close within the next several months. Financial terms were not disclosed. “We are pleased to provide Office Depot a divestiture solution that meets the company’s needs,” said Adam Cooper, principal at Platinum Equity. “We look forward to working with the OfficeMax management team to continue improving t...
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