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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May 02, 2019
Platinum Equity Completes Acquisition of Livingston International
(Los Angeles, May 2, 2019) – Platinum Equity today announced it has completed the acquisition of North American customs brokerage and trade services firm Livingston International. Headquartered in Toronto, Ontario, with U.S. headquarters in Chicago, Il, Livingston International is the largest pure-play customs brokerage in North America and boasts the widest presence along America’s northern border. It is also the third-largest customs entry filer in the United States. The company serves as a trusted adviser to more than 30,000 businesses globally, facilitating the completion and transm...
Read moreMay 10, 2019
Compart Systems to Acquire Alpha Precision & Engineering
Platinum Equity Portfolio Company to Expand Footprint with Add-On of Malaysian Precision Manufacturing Business LOS ANGELES (April 10, 2019) – Compart Systems, a portfolio company of Platinum Equity, announced today it has signed a definitive agreement to acquire Alpha Precision Turning & Engineering. Financial terms were not disclosed. The transaction is subject to regulatory approval and other customary closing conditions, and is expected to during Q2 2019. Compart is a supplier of high-precision, machined metal components including valves, fittings, sensors, and related componen...
Read moreMay 15, 2019
Platinum Equity to Sell Artesyn’s Embedded Power Business to Advanced Energy
Partial Divestiture Separates Artesyn’s Embedded Power, Embedded Computing and Consumer Products Businesses LOS ANGELES (May 15, 2019) – Platinum Equity announced today the signing of a definitive agreement to sell the Embedded Power business of portfolio company Artesyn Embedded Technologies, Inc., to Advanced Energy Industries, Inc. (Nasdaq: AEIS), in a transaction valued at approximately $400 million. The transaction is expected to close during the second half of 2019, subject to regulatory approval and other customary closing conditions. Artesyn Embedded Technologies has been a p...
Read moreJune 03, 2019
Platinum Equity Completes Acquisition of Spanish Seafood Provider Iberconsa from Portobello Capital
LOS ANGELES (June 3, 2019) – Platinum Equity today announced it has completed the acquisition of a majority stake in Grupo Ibérica de Congelados, S.A. (“Iberconsa”) from Portobello Capital and affiliates of the company’s founding families. Portobello Capital and members of the Iberconsa management team are co-investing alongside Platinum Equity. Financial terms were not disclosed. Headquartered in Vigo, Spain, Iberconsa is a global provider of frozen seafood products, including hake, Argentine red shrimp and squid. The company is vertically integrated across the full value chain, i...
Read moreJuly 01, 2019
Multi-Color Corporation Acquired by Affiliate of Platinum Equity
CINCINNATI, OHIO, July 1, 2019 - Multi-Color Corporation ("Multi-Color Corporation" or the "Company") today announced that the anticipated acquisition of the Company by an affiliate of Platinum Equity, a leading private equity firm, is now complete. At closing, Multi-Color Corporation merged with a subsidiary of WS Packaging, another label solutions leader within Platinum Equity's portfolio of companies. The combined company, which will be known as Multi-Color Corporation and headquartered in Cincinnati, is a $2.2 billion USD per annum revenue business with 86 plants in 26 countr...
Read moreJuly 09, 2019
Platinum Equity Sells Artesyn’s Embedded Computing Business to SMART Global Holdings
LOS ANGELES (July 9, 2019) – Platinum Equity announced today the sale of the Embedded Computing business of portfolio company Artesyn Embedded Technologies, Inc. (“Artesyn”), to SMART Global Holdings, Inc. (“SMART”) (NASDAQ: SGH). The transaction is valued at approximately $80 million in cash at close, plus approximately $10 million of performance-based consideration that will be paid if certain agreed-upon targets are achieved over the second half of calendar year 2019. Artesyn has been a portfolio company of Platinum Equity since 2013. Artesyn’s Embedded Computing business ...
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