M&A Deal Summary

Platinum Equity Acquires Arrow

On December 1, 2020, private equity firm Platinum Equity acquired gaming company Arrow

Acquisition Highlights
  • This is Platinum Equity’s 1st transaction in the Gaming sector.
  • This is Platinum Equity’s 89th transaction in the United States.
  • This is Platinum Equity’s 7th transaction in Ohio.

M&A Deal Summary
Date 2020-12-01
Target Arrow
Sector Gaming
Buyer(s) Platinum Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

Arrow

Cleveland, Ohio, United States
website
Arrow is a manufacturer and distributor of charitable gaming products, including pull tabs, electronic pull tabs, bingo products, and electronic bingo devices for charitable gaming. Arrow was founded in 1967 and is based in Cleveland, Ohio.

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Buyer(S) 1

Buyer

Platinum Equity

Beverly Hills, California, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1995
PE ASSETS 36.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Platinum Equity's headquarters in Beverly Hills, California.
Platinum Equity's headquarters in Beverly Hills, California.

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.

DEAL STATS #
Overall 112 of 141
Sector (Gaming) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 14 of 19
State (Ohio) 7 of 8
Country (United States) 89 of 112
Year (2020) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-13 PrimeSource

Irving, Texas, United States

PrimeSource is a provider of construction fastening solutions and specialty branded hardware. The Company’s product offering spans more than 52,000 SKUs, including construction fasteners, cabinet knobs & pulls, functional hardware, insulation, roofing products, drawers, and organizers, among others. PrimeSource was formed in 1990 and is based in Irving, Texas.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-03 Custom Truck One Source

Kansas City, Missouri, United States

Custom Truck One Source is a provider of rental fleets and service networks. Custom Truck One Source inventory includes aerial devices, cranes, diggers, drills, and stringing gear, to blocks, aftermarket parts, tools, and accessories. Custom Truck One Sources is based in Fort Wayne, Indiana.

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