Platinum Equity Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Platinum Equity has acquired 6 companies. It has also invested in 1 other.

Platinum Equity’s most common sectors for investment arebusiness services (9%) and distribution (7%) . The Firm’s most common investment types include divestiture (43%) and secondary buyout (25%). In total, Platinum Equity has invested in 33 US states and 13 different countries. Its largest (disclosed) acquisition occurred in 2020 when it acquired Ingram Micro for $7.2B.

The Firm’s most common exit type is trade sale (50%). Platinum Equity’s largest (disclosed) exit occurred in 2016 when it sold Bway for $2.4B.

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M&A Summary

  • M&A Total Activity207
    • M&A Buy Activity134
    • M&A Sell Activity73
  • Total Sectors Invested 41
  • Total Countries Invested 13
  • M&A Buy/Sell Connections 100
  • M&A Advisors 56

Platinum Equity

Platinum Equity Advisors, LLC

360 North Crescent Drive,
Beverly Hills, California 90210
United States
(310) 712-1850
www.platinumequity.com

Platinum Equity is a private equity firm focused on acquiring divestitures of larger public companies primarily in North America and Europe. Historically, Platinum targeted technology/software related businesses, however, the firm has since branched out beyond tech and will consider acquisitions in a broad range of industries including chemicals, communications, logistics, healthcare, automotive, industrial products, and business services. Platinum Equity was formed in 1995 by Tom Gores and is based in Beverly Hills, California.


Investment Criteria

Sectors of Interest: Agriculture, Automotive, Building Materials, Business Services, Chemicals, Communications, Construction, Consumer Products, Consumer Services, Distribution, Electrical Equipment, Electronics, Environmental, Food, Healthcare Services, Information Technology, Internet Software and Services, Leisure, Machinery, Manufacturing, Marine, Marketing, Metals/Mining, Packaging, Plastics, Publishing, Renewable Energy, Retail, Semiconductors, Software, Technology Hardware, Test/Measurement Equipment, Transportation, Utilities

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Going Private, Special Situations/Distressed, Secondary Buyout

Geographic Preferences: East US, Midwest US, South US, West US, Canada, United Kingdom, Western Europe, Eastern Europe, Scandinavia, Asia/Pacific, Australia/New Zealand

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - 2,000
Enterprise Value 100 10,000
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (4.2/yr) # 113 14 3 4 - - 134
vol $34.4B $15.7B $1.0B $461M $51.5B
Sell (1.6/yr) # 67 8 - - - - 75
vol $8.6B $3.9B $12.6B
  209

Most Recent M&A

Company Date Value Type
The HC Companies, Inc. 2023-07-17 - Secondary Buyout
Twinsburg, Ohio · www.hc-companies.com
JELD-WEN Australasia Pty Ltd. 2023-04-16 461M USD Divestiture
Macquarie Park, Australia · www.jeld-wen.com.au
Tarter Gate Co. LLC 2023-04-03 - Buyout (LBO, MBO, MBI)
Dunnville, Kentucky · www.tarterusa.com
HarbisonWalker International 2023-02-20 - Buyout (LBO, MBO, MBI)
Pittsburgh, Pennsylvania · www.thinkhwi.com
Imerys SA's High Temperature Solutions Business 2022-07-28 1.0B EUR Divestiture
Paris, France
Hop Lun (Hong Kong) Ltd. 2022-06-21 - Stake Purchase
Hong Kong, China · www.hoplun.com
The Leaders Romans Group 2022-01-24 - Secondary Buyout
Berkshire, United Kingdom · www.lrg.co.uk
Ball Metalpack LLC 2021-12-20 1.4B USD Add-on Acquisition
Broomfield, Colorado · www.ballmetalpack.com
Sigura 2021-12-11 - Merger
Alpharetta, Georgia · www.sigurawater.com
Orbit Irrigation Products LLC 2021-10-26 480M USD Add-on Acquisition
Bountiful, Utah · www.orbitonline.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Unical Aviation, Inc. 2021-07-19 CAVU Component Repair LLC 2022-10-11 1
City of Industry, California · www.unical.com Mesa, Arizona
Club Car LLC 2021-04-12 Garia A/S 2022-04-09 1
Evans, Georgia · www.clubcar.com Greve, Denmark · www.gariautility.com
Paramount Global, Inc. 2021-07-07 Stone Source LLC 2022-04-01 1
La Mirada, California · www.paramountglobal.com New York, New York · www.stonesource.com
ACProducts, Inc. 2021-04-05 Elkay Manufacturing Co. 2022-02-14 1
Ann Arbor, Michigan · www.cabinetworksgroup.com Downers Grove, Illinois · www.elkay.com
Solenis LLC 2021-07-06 Sigura 2021-12-11 2
Wilmington, Delaware · www.solenis.com Alpharetta, Georgia · www.sigurawater.com
Ingram Micro, Inc. 2020-12-09 Shipwire, Inc. 2021-12-08 2
Irvine, California · www.ingrammicro.com Santa Clara, California · www.shipwire.com
Ingram Micro, Inc. 2020-12-09 Ingram Micro - CLS Business 2021-12-08 1
Irvine, California · www.ingrammicro.com Irvine, California
McGraw-Hill Education, Inc. 2021-06-15 Busuu Online SL 2021-11-29 1
New York, New York · www.mheducation.com Madrid, Spain · www.busuu.com
BlueCrest, Inc. 2018-04-30 Fluence Automation LLC 2021-11-01 3
Danbury, Connecticut · www.bluecrestinc.com Arlington Heights, Illinois · www.fluenceautomation.com
Doskocil Manufacturing Co., Inc. 2021-09-15 Cosmic Pet LLC 2021-10-25 1
Arlington, Texas · www.petmate.com Wichita, Kansas · www.cosmicpet.com

M&A by Sector

Sector Current # Value All-time # Value
Business Services 6 (11%) 1.0B (3%) 11 (8%) 1.0B (2%)
Distribution 5 (9%) 7.2B (20%) 9 (7%) 7.2B (14%)
Manufacturing 3 (5%) - 8 (6%) 630M (1%)
Information Technology 1 (2%) - 8 (6%) 254M (< 1%)
Transportation 1 (2%) - 7 (5%) 1.5B (3%)
Building Materials 4 (7%) 461M (1%) 7 (5%) 461M (1%)
Packaging - - 6 (4%) 3.9B (8%)
Machinery 3 (5%) 4.2B (11%) 5 (4%) 4.3B (8%)
Automotive 2 (4%) 1.7B (5%) 5 (4%) 1.7B (3%)
Consumer Products 4 (7%) 1.3B (4%) 5 (4%) 1.3B (3%)
Marketing 3 (5%) - 5 (4%) 225M (< 1%)
Communications - - 5 (4%) -
Chemicals 1 (2%) 5.3B (14%) 4 (3%) 5.3B (10%)
Environmental 1 (2%) 4.2B (11%) 3 (2%) 4.2B (8%)
Metals/Mining - - 3 (2%) 2.0B (4%)
Technology Hardware - - 3 (2%) 90M (< 1%)
Apparel/Textiles 3 (5%) - 3 (2%) -
Marine 1 (2%) - 3 (2%) -
Electrical Equipment - - 2 (1%) 4.0B (8%)
Software 1 (2%) 2.7B (7%) 2 (1%) 2.7B (5%)
Medical Products 1 (2%) 2.1B (6%) 2 (1%) 2.1B (4%)
Leisure 2 (4%) 1.3B (4%) 2 (1%) 1.3B (3%)
Publishing - - 2 (1%) 323M (1%)
Aerospace 2 (4%) - 2 (1%) -
Construction - - 2 (1%) -
Food 2 (4%) - 2 (1%) -
Plastics 1 (2%) - 2 (1%) -
Real Estate 1 (2%) - 2 (1%) -
Safety/Security - - 2 (1%) -
Education 1 (2%) 4.5B (12%) 1 (1%) 4.5B (9%)
Defense - - 1 (1%) 1.0B (2%)
Consumer Services - - 1 (1%) 630M (1%)
Utilities 1 (2%) 520M (1%) 1 (1%) 520M (1%)
Test/Measurement Equipment 1 (2%) 323M (1%) 1 (1%) 323M (1%)
Airlines - - 1 (1%) -
Beverages 1 (2%) - 1 (1%) -
Digital Media 1 (2%) - 1 (1%) -
Electronics - - 1 (1%) -
Energy Services and Equipment - - 1 (1%) -
Gaming 1 (2%) - 1 (1%) -
Renewable Energy 1 (2%) - 1 (1%) -
Total 55 $36.9B 134 $51.5B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 40 (73%) 26.0B (71%) 106 (79%) 40.1B (78%)
  California 10 (18%) 9.6B (26%) 17 (13%) 9.6B (19%)
  Ohio 2 (4%) - 8 (6%) 6.7B (13%)
  Texas 2 (4%) - 7 (5%) 750M (1%)
  Pennsylvania 2 (4%) 520M (1%) 7 (5%) 520M (1%)
  Michigan 2 (4%) - 6 (4%) 630M (1%)
  Georgia 1 (2%) 1.7B (5%) 6 (4%) 3.6B (7%)
  Illinois 2 (4%) 2.7B (7%) 5 (4%) 4.8B (9%)
  New York 2 (4%) 4.5B (12%) 4 (3%) 4.5B (9%)
  Minnesota 1 (2%) 1.3B (4%) 4 (3%) 1.3B (3%)
  Tennessee 3 (5%) - 3 (2%) -
  New Jersey 1 (2%) - 3 (2%) 90M (< 1%)
  North Carolina 1 (2%) - 3 (2%) -
  Massachusetts 1 (2%) - 3 (2%) -
  Florida 1 (2%) - 3 (2%) -
  Indiana - - 3 (2%) 777M (2%)
  Kentucky 1 (2%) - 2 (1%) -
  Iowa 1 (2%) - 2 (1%) -
  Wisconsin - - 2 (1%) 51M (< 1%)
  Arizona - - 2 (1%) -
  Maryland - - 2 (1%) -
  Colorado - - 2 (1%) -
  Delaware 1 (2%) 5.3B (14%) 1 (1%) 5.3B (10%)
  Connecticut 1 (2%) 361M (1%) 1 (1%) 361M (1%)
  Oregon 1 (2%) - 1 (1%) -
  Oklahoma 1 (2%) - 1 (1%) -
  Nevada 1 (2%) - 1 (1%) -
  Missouri 1 (2%) - 1 (1%) -
  Mississippi 1 (2%) - 1 (1%) -
  Virginia - - 1 (1%) 1.0B (2%)
  South Carolina - - 1 (1%) 254M (< 1%)
  Utah - - 1 (1%) -
  North Dakota - - 1 (1%) -
  Louisiana - - 1 (1%) -
United Kingdom 3 (5%) 1.3B (4%) 5 (4%) 1.5B (3%)
Spain 2 (4%) 4.2B (11%) 3 (2%) 4.2B (8%)
Canada 2 (4%) 3.9B (10%) 3 (2%) 3.9B (7%)
  Ontario 2 (4%) 3.9B (10%) 2 (1%) 3.9B (7%)
  British Columbia - - 1 (1%) -
France 2 (4%) 1.0B (3%) 3 (2%) 1.0B (2%)
Australia 2 (4%) 461M (1%) 3 (2%) 784M (2%)
China 2 (4%) - 2 (1%) -
Italy 2 (4%) - 2 (1%) -
Netherlands - - 2 (1%) -
Singapore - - 2 (1%) -
Germany - - 1 (1%) -
Belgium - - 1 (1%) -
Mexico - - 1 (1%) -
Domestic 40 (73%) 26.0B (71%) 106 (79%) 40.1B (78%)
Cross-border 15 (27%) 10.9B (29%) 28 (21%) 11.4B (22%)
Total 55 $36.9B 134 $51.5B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Divestiture 18 (33%) 18.9B (53%) 57 (43%) 25.0B (50%)
Secondary Buyout 22 (40%) 13.6B (38%) 33 (25%) 15.8B (32%)
Buyout (LBO, MBO, MBI) 10 (18%) - 19 (14%) -
Going Private 3 (5%) 3.1B (9%) 11 (8%) 8.7B (18%)
Special Situations/Distressed - - 4 (3%) 33M (< 1%)
Stake Purchase 1 (2%) - 4 (3%) -
Recapitalization - - 2 (1%) -
Growth Capital - - 1 (1%) -
Merger - - 1 (1%) -
PIPE 1 (2%) - 1 (1%) -
Venture - - 1 (1%) -
Total 55 $35.6B 134 $49.6B

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 22 (29%) 7.6B (61%)
Secondary Sale 21 (28%) 2.2B (18%)
Trade Sale 18 (24%) 2.7B (22%)
Merger 5 (7%) -
Bankruptcy 2 (3%) -
IPO 2 (3%) -
Sold to Management 2 (3%) -
SPAC 2 (3%) -
Shut Down 1 (1%) -
Total 75 $12.6B

Top M&A Advisors

Financial Deals
Goldman Sachs Investment Banking Division
 6
Lincoln International
 3
Citigroup Investment Banking
 3
Legal Deals
Latham & Watkins
 27
Gibson, Dunn & Crutcher LLP
 9
Morgan, Lewis & Bockius LLP
 7

Deal Values

buy # Total
> $1B 16 $45.9B
$100M to $1B 12 $5.4B
< $100M 3 $174M
TOTAL $51.5B
Largest Ingram Micro, Inc.
$7.2B (2020-12-09)
sell # Total
> $1B 5 $8.6B
$100M to $1B 13 $3.9B
< $100M 2 $128M
TOTAL $12.6B
Largest Bway Corp.
$2.4B (2016-06-13)

M&A Connections

Deals
Acquired from
Investor(s)
25%
34 (25%)
Strategic(s)
40%
54 (40%)
Exited to
Investor(s)
28%
21 (28%)
Strategic(s)
55%
41 (55%)

Investor Summary

Investor Type

Private Equity Firm

Size

Mega

PE Assets

36.0B USD

Established

1995

Specialist/Generalist

Generalist

Leadership

Tom Gores

Founder, Chairman & CEO

Johnny Lopez

Founding Partner

Aaron Mazzolini

Managing Director

Adam Cooper

Managing Director

Alex Doñé

Managing Director

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