Platinum Equity Completes PlayPower Acquisition
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April 17, 2017
Platinum Equity to Acquire American Traffic Solutions
LOS ANGELES (April 17, 2017) –Platinum Equity today announced it has signed a definitive agreement to acquire 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. ...
Read moreApril 03, 2017
PAE Enters Into Definitive Agreement to Acquire FCi Federal
ARLINGTON, Va., April 3, 2017 – PAE today announced it has signed a definitive agreement to acquire FCi Federal. FCi, headquartered in Ashburn, Va., provides essential services for immigration and national security including adjudication support, eligibility verification and business process outsourcing services for federal government customers. The transaction is subject to regulatory approval and is expected to close within 45 business days, after which FCi would become a business unit of PAE. Houlihan Lokey served as FCi’s financial advisor in this transaction, and financial terms we...
Read moreMarch 13, 2017
Platinum Equity Announces Closing of $6.5 Billion Fund
LOS ANGELES, CA (March 13, 2017) – Platinum Equity announced today the close of Platinum Equity Capital Partners IV, a $6,500,000,000 global buyout fund. The fund was heavily oversubscribed, driven by the success of Platinum’s highly specialized M&A&O® strategy that integrates investment expertise with deep operational capability and resources. “We are grateful to investors for believing in Platinum, supporting our growth and trusting us to invest their money wisely,” said Tom Gores, chairman and chief executive officer of Platinum Equity. “Our job now is to continu...
Read moreMarch 13, 2017
Platinum Equity to Acquire Staples’ Business in Australia and New Zealand
FRAMINGHAM, Mass. & LOS ANGELES (March 13, 2017)— Staples, Inc. (NASDAQ: SPLS) and Platinum Equity today announced a definitive agreement under which Platinum Equity will acquire Staples’ business in Australia and New Zealand for an undisclosed sum. The transaction is expected to close in the second calendar quarter of 2017. Staples is a leading 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 leve...
Read moreJanuary 03, 2017
Platinum Equity Acquires Businesses of Cox Target Media
LOS ANGELES (Jan. 3, 2017) – Platinum Equity today announced it has acquired the businesses of Cox Target Media (CTM) from Cox Media Group. Financial terms of the transaction were not disclosed. Based in St. Petersburg, Fla., CTM’s businesses comprise one of the nation’s largest direct marketing service providers, reaching more than 100 million consumers, primarily through Valpak “Blue Envelope” household mailers, as well as Savings.com, an online provider of digital coupons and promotional codes. Adam Cooper, the principal at Platinum Equity whose team led ...
Read moreDecember 30, 2016
Platinum Equity Completes Acquisition of Chinese Manufacturing Businesses from Broadway Industrial Group Limited
LOS ANGELES (Dec. 30, 2016) – Platinum Equity today announced it has completed the acquisition of the Foam Plastic Solutions (“FPS”) and Flow Control Devices (“FCD”) businesses of Broadway Industrial Group Limited. FPS is a leading supplier of protective packaging, insulation and component products to the consumer electronics, automotive, medical and other end-markets. FCD supplies high-performance parts such as valves, fittings, sensors, and related components used in diverse end-applications. Platinum Equity is a Los Angeles-based global private equity firm focused on acquiri...
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