M&A Deal Summary

Platinum Equity Acquires Vertiv

On August 2, 2016, private equity firm Platinum Equity acquired electrical equipment company Vertiv from Emerson for 4.0B USD

Acquisition Highlights
  • This is Platinum Equity’s 2nd transaction in the Electrical Equipment sector.
  • This is Platinum Equity’s 5th largest (disclosed) transaction.
  • This is Platinum Equity’s 63rd transaction in the United States.
  • This is Platinum Equity’s 5th transaction in Ohio.
Investment Fate
  • Vertiv was sold to a financial buyer in 2020.

M&A Deal Summary

Date 2016-08-02
Target Vertiv
Sector Electrical Equipment
Buyer(s) Platinum Equity
Sellers(s) Emerson
Deal Type Divestiture
Deal Value 4.0B USD

Target

Vertiv

Columbus, Ohio, United States
Vertiv's corporate headquarters in Columbus, Ohio.
Vertiv's corporate headquarters in Columbus, Ohio.
Vertiv designs, builds and services critical infrastructure that enables vital applications for data centers, communication networks, and commercial and industrial facilities. Vertiv supports today’s growing mobile and cloud computing markets with a portfolio of power, thermal and infrastructure management solutions including the ASCO, Chloride, Liebert, NetSure and Trellis brands. Vertiv was established in 2016 and is based in Columbus, Ohio.

Search 202,341 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Platinum Equity

Beverly Hills, California, United States

Investor Investor Investor Investor Investor


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 75 of 150
Sector (Electrical Equipment) 2 of 3
Type (Divestiture) 40 of 59
State (Ohio) 5 of 8
Country (United States) 63 of 118
Year (2016) 5 of 9
Size (of disclosed) 5 of 31
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-16 Data Blue

Atlanta, Georgia, United States

Data Blue LLC delivers customized storage, backup and server virtualization and consolidated solutions to enterprise customers in North America. Data Blue was formed to redefine the Value Added Reseller space, offering both the customer and manufacturer something that’s a step above what is currently available in the marketplace. Data Blue delivers customized storage, backup and server virtualization and consolidation solutions to the Enterprise, with specific emphasis on Fortune 1000 companies. By utilizing our vast cross-platform integration expertise and unparalleled product knowledge, we deliver solutions that are perfectly tailored to meet the unique needs of your environment.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-22 Compart Systems Pte

Singapore, Singapore

Compart Systems Pte Ltd. is a provider of high-precision, machined metal components including valves, fittings, sensors, and related components, for semiconductor, medical equipment, and other industries. Compart Systems Pte Ltd. is based in Singapore.

Buy -

Seller(S) 1

SELLER

Emerson

St. Louis, Missouri, United States

Category Company
Founded 1890
Sector Diversified
Employees67,000
Revenue 15.2B USD (2023)
DESCRIPTION
Emerson Electric's corporate headquarters in St. Louis, Missouri.
Emerson Electric's corporate headquarters in St. Louis, Missouri.

Emerson is a diversified manufacturing and technology company. Emerson offers a wide range of products and services in the industrial, commercial, and consumer markets through its Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions businesses. Emerson was founded in 1890 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 16 of 26
Sector (Electrical Equipment) 6 of 9
Type (Divestiture) 15 of 25
State (Ohio) 3 of 4
Country (United States) 13 of 23
Year (2016) 3 of 3
Size (of disclosed) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-02 Leroy-Somer S.A.

Angouleme, France

Leroy-Somer S.A. is a manufacturers and suppliers of alternators, drives, and motors. The company offers alternators, synchronous, permanent magnet motors, asynchronous and DC motors, asynchronous brake and electromechanical geared motors, speed variation, and pumps.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-18 Pentair - Valves & Controls Business

Swaziland

Pentair Ltd. - Valves & Controls Business is a provider of control, isolation, pressure relief valves and actuation solutions and it has a large global installed base in chemical, petrochemical, oil and gas, power, mining and other process industries.

Buy $3.2B