Platinum Equity Completes PlayPower Acquisition
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August 01, 2016
Platinum Equity Completes Sale of Maxim Crane
LOS ANGELES, CA - (August 01, 2016) - Platinum Equity announced today it has completed the sale of Maxim Crane Works ("Maxim") to funds managed by affiliates of Apollo Global Management, LLC. Financial terms of the transaction were not disclosed.Maxim is a leading provider of specialized crane and lifting solutions throughout North America. Founded in 1966, the company serves more than 7,500 customers via a network of 31 locations throughout the United States."We are proud of the way Maxim grew and evolved under our ownership," said Platinum Equity Partner Louis Samson. "The company's success ...
Read moreJuly 25, 2016
Platinum Equity Completes Acquisition of JM Swank
LOS ANGELES, CA - July 25, 2016 - Platinum Equity announced today it has completed the acquisition of JM Swank from ConAgra Foods, Inc. (NYSE: CAG). Financial terms were not disclosed. JM Swank is a national, full-line food ingredient distributor that operates a network of distribution centers and warehouses across the United States. "We are excited about the prospects for JM Swank and look forward to working with management to support the company's long-term strategy," said Platinum Equity Principal Adam Cooper. "We believe it is a strong platform for growth, both organically and throug...
Read moreJune 16, 2016
Gores Small Capitalization Partners and Platinum Equity Invest in Data Blue
LOS ANGELES--Gores Small Capitalization Partners and Platinum Equity announced that they have invested in Data Blue. Founded in 2011, Data Blue delivers customized storage, backup and server virtualization and consolidation solutions to enterprise customers in North America. Financial terms of the investment were not disclosed. “We are excited to partner with Gores and Platinum Equity as we enter the next chapter in our history. Our employees, customers and partners will all benefit from the significant capital and experience that this new partnership brings to Data Blue. This investment ...
Read moreJune 13, 2016
Platinum Equity to Sell BWAY to Stone Canyon Industries
LOS ANGELES (June 13, 2016) – Platinum Equity and Stone Canyon Industries, LLC announced today that they have signed a definitive agreement for Platinum Equity to sell BWAY Corp. to Stone Canyon Industries LLC for $2.4 billion. BWAY is a North American manufacturer of rigid metal and plastic containers used to package industrial, bulk food and retail goods.The sale is subject to regulatory approval and customary closing conditions, and is expected to close in August 2016. The company expects to keep its existing debt instruments in place and to satisfy the requirements of a Specified Change ...
Read moreJune 08, 2016
Conagra Foods to Sell JM Swank to Platinum Equity
OMAHA, Neb. and LOS ANGELES--(BUSINESS WIRE)--DATE, 2016-- ConAgra Foods, Inc. (NYSE: CAG) and Platinum Equity, a California-based private equity firm, today announced that they have entered into a definitive agreement for Platinum Equity to acquire ConAgra Foods’ JM Swank business, a national food ingredient sourcing and distribution company. Terms of the deal were not announced. “Our goal continues to be driving greater shareholder value by making ConAgra Foods a more focused and higher performing company,” said Sean Connolly, president and chief executive officer of ConAgra Foo...
Read moreJune 08, 2016
Platinum Equity to Sell MetoKote to PPG
LOS ANGELES, CA (June 8, 2016) – Platinum Equity today announced the signing of a definitive agreement to sell MetoKote to PPG (NYSE:PPG). MetoKote is a U.S.-based provider of industrial coating services. Financial terms were not disclosed. The pending transaction is subject to customary closing conditions and is expected to close in the third quarter of 2016. “MetoKote’s success is a result of a great partnership with the management team and a lot of hard work by the company’s dedicated employees,” said Platinum Equity Partner Bob Wymbs. “Working together we have grown the b...
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