David Glatt and his team at Platinum Equity have a proven track record of successful investment strategies and transactions. They specialize in private equity investments, focusing on companies in various industries.
One notable example is Platinum Equity's acquisition of Platinum Equity's acquisition of GCA Services Group in 2007, a leading provider of facilities services. This investment demonstrates their expertise in identifying and capitalizing on opportunities in the services sector.
Their approach to investment is characterized by a focus on operational improvements and strategic growth initiatives, as seen in their investment in GCA Services Group. This hands-on approach enables them to unlock value in their portfolio companies and drive long-term growth.
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Platinum Equity Transactions
Platinum Equity has been actively involved in strategic investments and sales of various companies. Platinum Equity announced the sale of Livingston International, a firm specializing in customs brokerage and freight services.
Their investment in R&B Wholesale Distributors, Inc., a leading distributor of home appliances, is a significant one. This investment highlights Platinum Equity's focus on supporting businesses in the wholesale distribution sector.
Platinum Equity's transactions demonstrate their ability to identify and capitalize on opportunities in the market.
Platinum Equity Sells to Purolator
Platinum Equity announced the sale of Livingston International to Purolator, a Canadian logistics company.
The sale was a significant move for Platinum Equity, marking a major transaction in their portfolio.
Livingston International is an international trade services firm specializing in customs brokerage, freight forwarding, and other related services.
Purolator acquired Livingston International to expand its capabilities in the trade services sector.
This acquisition is expected to strengthen Purolator's position in the market and provide its customers with a wider range of services.
Platinum Equity has a history of successful transactions, and this sale is no exception.
Platinum Invests in R&B Distributors
Platinum Equity announced a significant investment in R&B Wholesale Distributors, Inc., a leading distributor of home appliances.
This investment marks a notable move for Platinum Equity, a private equity firm known for its strategic acquisitions.
R&B Wholesale Distributors, Inc. is a leading distributor of home appliances, indicating a strong focus on the home goods industry.
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The investment is a significant one, highlighting Platinum Equity's commitment to growing and developing its portfolio companies.
Platinum Equity's investment in R&B Wholesale Distributors, Inc. is a strategic move, likely aimed at expanding the company's market reach and capabilities.
R&B Wholesale Distributors, Inc. is a well-established player in the home appliance distribution market, with a strong reputation for quality and reliability.
Completed Deals
David Glatt, a Managing Director at Platinum Equity, has been involved in several notable deals during his tenure. He was instrumental in the sale of the Hunterstown power generation facility to LS Power.
The Hunterstown facility is a combined-cycle gas turbine generating power plant located in Gettysburg, Pennsylvania, providing 810 MW to the PJM grid. It has the capacity to supply more than 600,000 homes.
Platinum Equity acquired the facility in 2018 from GenOn, a unit of NRG Energy Inc., which had filed for bankruptcy protection in June 2017. David Glatt and his team managed the facility as a standalone business in the firm's portfolio.
The sale of the Hunterstown facility was completed in July 2024, with LS Power being a natural fit for the long-term operation of the facility. David Glatt was proud of the outcome and expressed his team's willingness to continue seeking opportunities to put their M&A capabilities to work in creative ways.
Platinum Equity has a track record of completing over 450 acquisitions in the past 28 years, with a portfolio of approximately 50 operating companies serving customers around the world.
Frequently Asked Questions
Who is the owner of Platinum Equity?
Tom Gores is the founder and driving force behind Platinum Equity. He established the firm in 1995 and continues to shape its strategic direction.
Who did Platinum Equity buy McGraw Hill from?
Platinum Equity acquired McGraw Hill from Apollo Global Management's funds, specifically the Apollo Funds. The acquisition was announced on June 15, 2021.
What is the reputation of Platinum Equity?
Platinum Equity has a mixed reputation with an overall rating of 3.6 out of 5, indicating some employee satisfaction concerns. Despite this, 66% of employees have a positive outlook for the business, suggesting potential opportunities for growth.
How big is Platinum Equity?
Platinum Equity is a global investment firm with over $48 billion in assets under management. With a large global presence, it's a significant player in the investment industry.
Sources
- https://www.prnewswire.com/news-releases/platinum-equity-to-acquire-gsm-outdoors-302203339.html
- https://www.platinumequity.com/news/platinum-equity-completes-sale-of-hunterstown-power/
- https://corporate.tcia.org/platinum-equity-to-acquire-oregon-tool-from-american-securities-and-p2-capital-partners/
- https://www.wired2fish.com/news/gsm-outdoors-bought-by-platinum-equity
- https://www.platinumequity.com/news/platinum-equity-portfolio-company-united-site-services/
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