Why Platinum Equity Portco McGraw Hill Accelerated Its Digital Transformation
EAST YORK, Pa. — Some things just came naturally to Jackson Lau. Take math. For years, he cruised through the subje...
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Press Releases • November 16, 2016
Electro Rent Corporation to Acquire Microlease
Combination will create a premier global platform in the electronic test and measurement services industry LOS ANGELES / LONDON – 16 November 2016 – Electro Rent Corporation today announced it entered into an agreement to acquire Microlease from Lloyds Development Capital. The transaction is expected to close during Q1 2017. Financial terms were not disclosed. Microlease CEO Nigel Brown said the combination will create a premier platform with a global footprint. “Both companies are leaders in testing and measurement equipment rental, sales, and asset management services,” ...
Read morePress Releases • October 24, 2016
International Textile Group Acquired By Platinum Equity
October 24, 2016, Greensboro, NC – International Textile Group, Inc. (ITG or the Company) announced today that it has been acquired by Platinum Equity through a completed merger with an affiliate of Platinum Equity. In the merger transaction, a newly formed Platinum Equity affiliate merged with and into ITG, with ITG continuing as the surviving corporation and as a privately-held Platinum Equity portfolio company. ITG’s common stock has ceased to be publicly traded, and former ITG stockholders will receive information from Continental Stock Transfer & Trust Company, the paying agent i...
Read morePress Releases • October 24, 2016
Platinum Equity to Sell MACtac North American Business to LINTEC
LOS ANGELES (Oct. 24, 2016) – Platinum Equity announced today it has signed a definitive agreement to sell Mactac Americas, LLC, to LINTEC Corporation in a transaction valued at approximately $375 million. The sale is expected to be completed during Q4 2016. LINTEC, headquartered in Tokyo, is a manufacturer of adhesive-related products with operations in 15 countries around the world. Mactac, headquartered in Ohio, is a manufacturer and distributor of pressure sensitive labels with operations in the United States, Canada and Mexico. The company’s products are used in a wide range of ind...
Read morePress Releases • September 06, 2016
Platinum Equity Acquires Fabcon
LOS ANGELES (September 6, 2016) – Platinum Equity announced today it has acquired Fabcon, a manufacturer of precast, pre-stressed concrete wall panels for nonresidential construction applications, from affiliates of the company’s founders. Financial terms of the transaction were not disclosed. Fabcon is headquartered in Savage, Minn., and has four manufacturing facilities located in Kansas, Minnesota, Ohio and Pennsylvania. The company offers customers a comprehensive one-stop service offering that includes engineering, fabrication, erection and project management. “Fabcon has a...
Read morePress Releases • August 22, 2016
Platinum Equity to Acquire Chinese Manufacturing Businesses from Broadway Industrial Group Limited
Investment Marks Platinum Equity’s Second Asian Headquartered Acquisition in Less Than 18 Months LOS ANGELES (Aug. 22, 2016) – Platinum Equity today announced it has signed a definitive agreement to acquire 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 d...
Read morePress Releases • August 16, 2016
Platinum Equity Completes Sale of BWAY to Stone Canyon Industries
LOS ANGELES (August 16, 2016) – Platinum Equity announced today that the sale of BWAY Corp. to Stone Canyon Industries, LLC for $2.4 billion has been completed. BWAY is a North American manufacturer of rigid metal and plastic containers used to package industrial, bulk food and retail goods.Platinum Equity acquired BWAY in 2012. In January 2013 BWAY acquired Ropak, a complementary producer of rigid plastic containers.“BWAY is a fundamentally strong business that is poised for continued growth going forward,” said Platinum Equity Partner Louis Samson. “We are proud of everything BWAY ac...
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