Secondary Buyout • Aerospace

Platinum Equity Acquires Incora

On August 21, 2017, private equity firm Platinum Equity acquired aerospace company Incora from Exponent Private Equity

Acquisition Context
  • This is Platinum Equity’s 1st transaction in the Aerospace sector.
  • This is Platinum Equity’s 3rd transaction in the United Kingdom.
Investment Fate
  • Incora went bankrupt in 2023.

Explore All 103 Secondary Buyout Aerospace Deals - Search the Database Free


M&A Deal Summary

Date August 21, 2017
Target Incora
Sector Aerospace
Buyer(s) Platinum Equity
Sellers(s) Exponent Private Equity
Deal Type Secondary Buyout

Target Company

Incora

Derby, United Kingdom
Incora is an independent distributor and global provider of supply chain solutions. The Company was forged by the joining of two industry leaders in supply chain solutions, Wesco Aircraft and Pattonair. Services include original equipment and aftermarket part demand forecasting, distribution, kitting, line feed, supplier management, warehouse management, inbound and reverse logistics, and consulting. Incora was founded in 1970 and is based in Derby, United Kingdom.
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Buyer Overview 1

Buyer

Platinum Equity

Beverly Hills, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 50.0B 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 Context for Buyer #
Overall 86 of 157
Sector: Aerospace 1 of 3
Type: Secondary Buyout 12 of 42
Country: United Kingdom 3 of 5
Year: 2017 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-24 United Site Services

Westborough, Massachusetts, United States

United Site Services is a provider of portable restrooms, temporary fence and related site services. With more than 85 locations coast to coast and the largest fleet of portable sanitation equipment, it is no wonder why United Site Services is trusted by more top industry professionals than any other temporary site service provider. Company wide selection of solutions, products, and our fast, courteous customer service provides peace of mind during all phases of your project or event. United Site Services was founded in 1999 and is based in Westborough, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-08 Keen Transport

Carlisle, Pennsylvania, United States

Keen Transport is a national provider of heavy-haul logistics and transportation services for the construction, mining and agriculture equipment markets. The company also provides value-added logistics, light assembly, painting, installation of aftermarket accessories, storage, and managed logistics services at facilities near U.S. ports and co-located with customer production facilities.

Sell -

Seller Profile 1

SELLER

Exponent Private Equity

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 3.8B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Exponent is a private equity firm focused on acquiring middle-market businesses located in the UK and broader Europe. Exponent targets opportunities in the media, business and financial services, healthcare, consumer, and leisure sectors. The Firm seeks to invest in businesses valued from €150 to €500 million. Exponent has a particular interest in businesses that are prominent in their respective markets, but may benefit from or need operational improvement. Exponent Private Equity was formed in 2004 and is based in London.


Deal Context for Seller #
Overall 15 of 26
Sector: Aerospace 1 of 1
Type: Secondary Buyout 9 of 16
Country: United Kingdom 13 of 23
Year: 2017 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-26 Storio group

Amsterdam, Netherlands

Storio group is a consumer photo products company that offers personalized products such as photo books, wall decor, calendars, cards, prints, and gifts, enabling customers to create and preserve memories using its photo creation technology and e-commerce platforms. The Company operates across multiple European markets through a portfolio of local brands and combines online ordering with manufacturing and printing capabilities to serve its retail customer base. Storio group was founded in 2003 and is based in Amsterdam, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-27 Bullitt Group

Reading, United Kingdom

Bullitt Group is a designer, manufacturer and distributor of mobile phones, audio products, other connected devices and related peripherals to more than 60 countries across the globe. Bullitt Group was founded in 2009 and is based in Reading, United Kingdom.

Buy -