Rehlko Expands Data Center Back-Up Power Offering With Acquisition of the Wilmott Group
Key transaction strengthens position in data centers and mission-critical segments.
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August 11, 2014
Platinum Equity Announces Sale of Active Aero to Roadrunner Transportation Systems
Proposed Sale Marks Platinum Equity’s Seventh Divestiture of 2014 and Demonstrates Firm’s Continued Strength in the Lower Middle MarketLOS ANGELES, CA (August 11, 2014) – Platinum Equity announced today a definitive agreement to sell Active Aero Group to Roadrunner Transportation Systems, Inc. (NYSE: RRTS). Active Aero is a provider of supply-chain solutions focused on transportation logistics for customers with sensitive or time-critical freight, principally in the United States and Mexico.Platinum Equity acquired a majority interest in Active Aero in 2011 from a consortium of investors...
Read moreJuly 14, 2014
Expert Global Solutions to Sell Segments of Accounts Receivable Management Business to Platinum Equity
Business Expected to Operate as TSI Once Transaction is Completed Plano, Tex., and Los Angeles, Calif. (July 14, 2014) — Expert Global Solutions (EGS), a global leader in the Business Process Outsourcing (BPO) industry, announced today that it has entered into an agreement to sell certain segments of its Accounts Receivable Management (ARM) business to Platinum Equity, a Los Angeles-based private equity firm with a highly-specialized focus on business operations. Financial terms of the pending transaction were not disclosed. The proposed sale of Transworld Systems, Inc. comprises s...
Read moreJuly 09, 2014
Platinum Equity Sells Wheel Pros to Audax
LOS ANGELES, CA (July 9, 2014) – Platinum Equity today announced the sale of Wheel Pros, a leading designer and distributor of high performance wheels and tires to the automotive aftermarket, to an affiliate of Audax Private Equity. Financial terms of the transaction were not disclosed. “Wheel Pros is a stable and successful business that has evolved into a market leader during our ownership,” said Renee Koontz, principal at Platinum Equity. “The company is well positioned for continued success.” Platinum Equity’s investment started with the acquisition of American Racing i...
Read moreJune 23, 2014
Platinum Equity's PBH Marine Group Sells Michigan-Based Recreational Boat Business
Turnaround Complete Four Years After Acquiring Brands out of Bankruptcy LOS ANGELES, CA (June 23, 2014) – Platinum Equity today announced the sale of Rec Boat Holdings (“RBH”), the manufacturer of Four Winns, Glastron, Wellcraft and Scarab brand boats, to the Bénéteau Group. Financial terms of the transaction were not disclosed. Platinum Equity acquired the portfolio of boat brands and related assets in 2010 from Genmar Holdings, Inc., through a transaction conducted under Section 363 of the U.S. Bankruptcy Code. Platinum Equity retains ownership of ...
Read moreJune 23, 2014
Platinum Equity Sells Acument to Fontana Gruppo
Successful Eight-Year Stewardship of Detroit-based Fastener Company Highlights Value of Platinum Equity’s Operations Capabilities and Turnaround Expertise LOS ANGELES, CA (June 23, 2014) – Platinum Equity today announced the sale of Acument Global Technologies, a leading provider of mechanical fastening products and services for the transportation market, to Fontana Gruppo, an Italian manufacturer of fastening solutions. Financial terms of the transaction were not disclosed. “Acument is a healthy, thriving business today and will be a great fit within Fontana’s portfoli...
Read moreMay 01, 2014
Platinum Equity Completes Sale of Truesense Imaging
LOS ANGELES, Calif. (May 1, 2014) – Platinum Equity announced today it has completed the sale of Truesense Imaging to ON Semiconductor (NASDAQ: ONNN). Truesense Imaging is a provider of high-performance image sensing devices addressing a wide range of industrial end-markets, including machine vision, surveillance, traffic monitoring, medical and scientific imaging, and photography. “We are proud of this investment and of all the hard work that went into making it successful,” said Platinum Equity’s Jason Leach, who led the initial acquisition. “The business is fundamentally str...
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