M&A Deal Summary

Platinum Equity Acquires Yak Access

On July 30, 2018, private equity firm Platinum Equity acquired building materials company Yak Access from Jones Companies and Beasley Forest Products

Acquisition Highlights
  • This is Platinum Equity’s 4th transaction in the Building Materials sector.
  • This is Platinum Equity’s 78th transaction in the United States.
  • This is Platinum Equity’s 1st transaction in Mississippi.
Investment Fate
  • Yak Access was sold to a publicly-traded strategic buyer in 2024 for 1.1B USD.

M&A Deal Summary

Date 2018-07-30
Target Yak Access
Sector Building Materials
Buyer(s) Platinum Equity
Sellers(s) Jones Companies
Beasley Forest Products
Deal Type Divestiture

Target

Yak Access

Columbia, Mississippi, United States
website
Yak Access provides temporary roadway solutions to remote construction sites, primarily serving the oil and gas pipeline and powerline sectors in the United States. The company comprises three related businesses – Yak Mat, New South Access and Environmental Solutions, and BluRoc – offering a full suite of solutions, including hardwood mats, temporary and permanent access roads, site evaluation, design and installation of access plans, and mat removal. Yak Access was founded in 2016 and is based in Columbia, Maryland.

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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 95 of 141
Sector (Building Materials) 4 of 8
Type (Divestiture) 49 of 59
State (Mississippi) 1 of 1
Country (United States) 78 of 112
Year (2018) 8 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-03 PLI Card Marketing Solutions

N. Las Vegas, Nevada, United States

PLI Card Marketing Solutions is a global provider of card production, card personalization, fulfillment, direct mail, advertising and marketing collateral and all print services with four production facilities and warehouses located in Asheville, NC, North Las Vegas, NV, Romeoville, IL and St. Louis, MO, including international worldwide customer support through distribution centers in Canada and the Netherlands. PLI Card Marketing Solutions was founded in 1988 and is based in N. Las Vegas, Nevada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-06 Fabcon Precast

Savage, Minnesota, United States

Fabcon Precast is a manufacturer of precast, pre-stressed concrete wall panels for nonresidential construction applications. Fabcon’s structural precast wall panels are used primarily in the construction of warehouses and distribution centers as well as mixed-use office, industrial, data centers, and retail facilities. Fabcon Precast was established in 1970 and is based in Savage, Minnesota.

Sell -

Seller(S) 2

SELLER

Jones Companies

Columbia, Mississippi, United States

website


Category Company
Founded 1949
Sector Energy Services and Equipment
DESCRIPTION

Jones Companies engages in lumber business and has established themselves as the Integrated Energy Construction Support company in North America. Made up of leaders in the Trucking, Matting, Mobile Fuel Management, Supplies, Temporary Storage & Mobile Office Industries, and Pipeline Traceability, Jones is positioned to handle any size job efficiently and safely.


DEAL STATS #
Overall 1 of 1
Sector (Building Materials) 1 of 1
Type (Divestiture) 1 of 1
State (Mississippi) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-03 Volume Freight

Columbus, Mississippi, United States

Formed in 1994, Volume Freight is a family-owned and operated logistics and transport company based in Columbus, Mississippi.

Buy -
SELLER

Beasley Forest Products

Hazlehurst, Georgia, United States

website


Category Company
Founded 1997
Sector Forest Products
DESCRIPTION

Beasley Forest Products is North America’s premier producer of matting products for the energy transmission, utility and construction industries. At Beasley Forest Products produce a full line of hardwood mats to include crane mats, bridge mats, laminated mats, oilfield mats, and various specialized mats. Our mats, as well as our skids, are produced from hardwood harvested throughout the state of Georgia and parts of Alabama, South Carolina and Florida.


DEAL STATS #
Overall 1 of 1
Sector (Building Materials) 1 of 1
Type (Divestiture) 1 of 1
State (Mississippi) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1