M&A Deal Summary

Platinum Equity Acquires Cook & Boardman

On September 29, 2023, private equity firm Platinum Equity acquired building materials company Cook & Boardman from Littlejohn

Acquisition Highlights
  • This is Platinum Equity’s 8th transaction in the Building Materials sector.
  • This is Platinum Equity’s 108th transaction in the United States.
  • This is Platinum Equity’s 4th transaction in North Carolina.

M&A Deal Summary

Date 2023-09-29
Target Cook & Boardman
Sector Building Materials
Buyer(s) Platinum Equity
Sellers(s) Littlejohn
Deal Type Secondary Buyout
Advisor(s) BofA Securities (Financial)
Gibson, Dunn & Crutcher (Legal)

Target

Cook & Boardman

Winston-Salem, North Carolina, United States
website
Cook & Boardman offers a broad range of products including metal and wood doors, locks, doorframes, and other related building components for non-residential applications. The Company operates a network of thirty-five locations across eleven states and services its customers nationwide. Cook & Boardman was founded in 1955 and is based in Winston-Salem, North Carolina.

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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 48.0B 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 136 of 141
Sector (Building Materials) 8 of 8
Type (Secondary Buyout) 35 of 37
State (North Carolina) 4 of 4
Country (United States) 108 of 112
Year (2023) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-17 HC Companies

Twinsburg, Ohio, United States

HC Companies is a provider of plastic plant, flower, and tree containers (horticulture containers) for the greenhouse, nursery, and retail markets under the brand names Dillen, ITML, ProCal, Listo, Akro-Mils Lawn & Garden, and Planters' Pride. HC Companies is based in Twinsburg, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-06 Kohler Energy

Kohler, Wisconsin, United States

Kohler Energy is a distributor of energy solutions, that brings bold design and powerful impact to the energy systems to sustain people and communities everywhere around the world. Leveraging the strength of its portfolio of brands – Power Systems, Home Energy, Kohler Uninterruptible Power, Clarke Energy, Heila Technologies, Curtis Instruments, and Engines, and more than a century of industry leadership, the company builds resilience when the grid cannot and goes beyond functional, individual recovery to create better lives and communities. Kohler Energy is based in Kohler, Wisconsin.

Buy -

Seller(S) 1

SELLER

Littlejohn

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1996
PE ASSETS 7.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Littlejohn is a private equity firm that makes control investments in mid-sized companies undergoing change; either in capital structure, strategy, operations, or growth. Littlejohn looks to commit $50 to $250 million of equity, mezzanine, or credit capital in companies with annual revenues of $100 to $800 million. Sectors of interest include industrial equipment, packaging, chemicals, automotive and transportation parts and equipment, food and food processing, healthcare, plastics, aerospace/defense, distribution, environmental and infrastructure services, and consumer products. The Firm avoids investing in real estate, fashion, retail, and businesses engaged in high technology. Littlejohn prefers opportunities located in the US, but also considers opportunities in Europe and Canada. Littlejohn was formed in 1996 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 44 of 45
Sector (Building Materials) 3 of 3
Type (Secondary Buyout) 15 of 15
State (North Carolina) 3 of 3
Country (United States) 40 of 41
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-01 Ardurra

Tampa, Florida, United States

Ardurra provides highly complex engineering and design services for water, transportation, and aviation end-markets across the Southeast, Central, Southwest, and Northwest United States. The company's services make a positive impact on the country’s most critical pieces of infrastructure, providing innovative, technology driven solutions to municipalities, state government entities, utilities and businesses. Its work enables local communities to provide residents clean water, implement transit and transportation solutions, treat wastewater, and develop sustainable, resilient infrastructure, among many other solutions. Ardurra Group is based in Tampa, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-30 Dana Kepner

Denver, Colorado, United States

Dana Kepner is a regional, branch-based distributor of waterworks products (pipes, valves, fittings, meters, etc.). Dana Kepner was formed in 1933 and is based in Denver, Colorado.

Sell -