Hop Lun Expands Global Manufacturing Capabilities With Strategic Acquisitions in Morocco
Platinum Equity believes acquisitions offer advantages for company's European customers.
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March 03, 2015
Platinum Equity Completes Sale of Neovia Logistics
LOS ANGELES (March 3, 2015) – Platinum Equity announced today the sale of Neovia Logistics to an affiliate of Goldman Sachs and investment funds affiliated with Rhône Capital L.L.C has been completed. Financial terms of the transaction were not disclosed. Neovia Logistics provides spare parts logistics, warehouse management and fulfillment services, distribution solutions and other value-added logistics services through a network of more than 100 facilities in 25 countries around the world. Platinum Equity acquired 65 percent of the business (formerly Caterpillar Logistics Services) ...
Read moreMarch 02, 2015
BlueLine Rental Completes Acquisition of Trico
Strategic Add-On Acquisition Strengthens BlueLine’s Aerial Lift Offering, Expands Presence in Mid-Atlantic Region and Texas HOUSTON, Texas – March 2, 2015 – BlueLine Rental, a full-service equipment rental company, today announced it has completed the acquisition of Trico Equipment, Inc., a rental company specialized in aerial lift equipment with locations in New Jersey, Pennsylvania, Maryland and Texas. Terms of the transaction were not disclosed.“We are excited to join forces with Trico, which will strengthen our aerial fleet, provide access to new customers, and help continue deli...
Read moreFebruary 10, 2015
Platinum Equity Completes Sale of Fishing Boat Business To Bass Pro Group
LOS ANGELES, CA (February 10, 2015) – Platinum Equity today announced that the sale of Fishing Holdings, LLC, the Flippin, Arkansas-based manufacturer of the Ranger Boats, Stratos and Triton fishing boat brands, to Bass Pro Group, LLC has been completed. Financial terms of the agreement were not disclosed. Platinum Equity acquired Ranger Boats and Stratos as part of a larger portfolio of boat brands in February 2010 from Genmar Holdings, Inc., through a transaction conducted under Section 363 of the U.S. Bankruptcy Code. Triton was acquired from Brunswick in July 2010. “Over the pa...
Read moreFebruary 03, 2015
BlueLine Rental to Acquire Trico
Strategic Add-On Acquisition to Strengthen BlueLine’s Aerial Lift Offering, Expand Presence in Mid-Atlantic Region and TexasHOUSTON, Texas – February 3, 2015 – BlueLine Rental, a full-service equipment rental company, today announced the signing of a definitive agreement to acquire Trico Equipment, Inc., a rental company specialized in aerial lift equipment with locations in New Jersey, Pennsylvania, Maryland and Texas. Terms of the transaction were not disclosed.“Trico is a very complementary business for BlueLine that will strengthen our aerial fleet mix and capabilities, provide ...
Read moreJanuary 13, 2015
Platinum Equity To Sell Ulticom To Mavenir Systems
Divestiture Demonstrates Firm’s Continued Strength in the Lower Middle Market LOS ANGELES, CA (January 13, 2015) – Platinum Equity today announced the signing of a definitive agreement to sell Ulticom to Mavenir Systems (NYSE:MVNR), a leading provider of software-based networking solutions. Ulticom is a leading provider of signaling software used in communications networks. Financial terms were not disclosed.The pending transaction is subject to customary closing conditions and is expected to close on or before January 30, 2015. Platinum Equity acquired Ulticom through a public-to-priv...
Read moreJanuary 07, 2015
Platinum Equity To Acquire Supplier Of Print Rollers And Specialty Components From Royal Ten Cate
Proposed Corporate Divestiture Being Led by Platinum Equity’s Dedicated Lower Middle Market Team LOS ANGELES (Jan. 7, 2015) – Platinum Equity today announced it has signed a definitive agreement to acquire Ten Cate Enbi (“Enbi”) from Dutch multinational Royal Ten Cate (“TenCate”). The transaction is expected to close during the first half of 2015. Financial terms were not disclosed. Enbi is a supplier of paper transport, fusing and image transfer rollers, focusing primarily on the office equipment market. Enbi serves its customers through strategically placed manufacturing fac...
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