Bankruptcy • Transportation

Platinum Equity Exits American Commercial Barge Line

On February 4, 2020, invested in transportation company American Commercial Barge Line from Platinum Equity

Investment Context
  • This is transaction in the Transportation sector.
  • This is transaction in the United States.
  • This is transaction in Indiana.

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Investment Summary

Date February 4, 2020
Target American Commercial Barge Line
Sector Transportation
Sellers(s) Platinum Equity
Deal Type Bankruptcy

Target Company

American Commercial Barge Line

Jeffersonville, Indiana, United States
American Commercial Lines Inc. is an integrated marine transportation and service company operating in the United States.
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Seller Profile 1

SELLER

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 Seller #
Overall 64 of 86
Sector: Transportation 6 of 7
Type: Bankruptcy 2 of 3
State: Indiana 3 of 3
Country: United States 54 of 71
Year: 2020 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-21 Centerfield

Los Angeles, California, United States

Centerfield is a technology-driven marketing and customer acquisition company driving millions for sales for residential services, business services, and telecommunications brands. Centerfield's marketing and sales technology platform, Dugout, and leading consumer guides engage with in-market consumers to help them purchase internet, TV, wireless, landline, and home security, amongst other products and services. Centerfield was founded in 2011 and is headquartered in Los Angeles, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-10 Vertiv

Columbus, Ohio, United States

Vertiv designs, builds and services critical infrastructure that enables vital applications for data centers, communication networks, and commercial and industrial facilities. Vertiv was established in 2016 and is based in Columbus, Ohio.

Sell -