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 • April 27, 2015
Platinum Equity Acquires Ying Shing Enterprises in China
Investment Marks Platinum Equity’s First Asian Headquartered Acquisition as Firm’s Operations in the Region Continue to Grow LOS ANGELES (April 27, 2015) – Platinum Equity today announced it has acquired Chinese manufacturer Ying Shing Enterprises Limited (“Ying Shing”) from the company’s founder and President Jian Ying Chen. Mr. Chen will retain a minority stake and stay on to continue leading the business. Ying Shing is a fully vertically integrated manufacturing solutions provider for customized precision-engineered plastic injection molded and metal stamping component...
Read morePress Releases • April 03, 2015
Platinum Equity Completes Purchase of Enbi From Royal Ten Cate
Carve Out of Print Rollers and Specialty Components Business Led by Platinum Equity's Dedicated Lower Middle Market Team LOS ANGELES, CA-- April 03, 2015 - Platinum Equity today announced it has completed the acquisition of Ten Cate Enbi ("Enbi") from Dutch multinational Royal Ten Cate ("TenCate"). 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 facilities in North America, Europe and Asia. Platinu...
Read morePress Releases • April 03, 2015
BlueLine Rental Acquires Virginia-Based Area Equipment
Third Add-On Acquisition in Seven Months Further Strengthens BlueLine's Presence in Mid-Atlantic Region HOUSTON, TX-- April 03, 2015 - BlueLine Rental, a full-service equipment rental company, today announced it has acquired Area Equipment LLC, a rental company in Cheasapeake, VA that serves customers in the industrial and non-residential construction markets. Terms of the transaction were not disclosed. "Area Rental is a good strategic fit for BlueLine that will bolster our fleet and create an even stronger platform for us in the Mid-Atlantic region," said BlueLine CEO Phil Hobson. "Are...
Read morePress Releases • March 27, 2015
Itochu Announces Divestiture of North American Building Materials Distributor to Platinum Equity
ITOCHU Corporation (headquarters in Minato-ku, Tokyo; Masahiro Okafuji, President & CEO; hereafter “ITOCHU”) and ITOCHU International Inc. announced today that ITOCHU has reached an agreement with Platinum Equity, a Los Angeles based global private equity firm, under which Platinum Equity will acquire PrimeSource Building Products, Inc.The transaction is subject to customary closing conditions, including legal procedures and approval by antitrust authorities, and is expected to close promptly upon receiving the necessary approvals.PrimeSource was acquired by ITOCHU Group in 1998 and ha...
Read morePress Releases • 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 morePress Releases • March 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...
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