Platinum Equity Mergers and Acquisitions Summary

Private Equity Profile

In the last 3 years, Platinum Equity has acquired 31 companies.

Platinum Equity’s most common sectors for investment are business services (10%) and transportation (8%). The Firm’s most common investment types include divestiture (48%) and secondary buyout (20%). In total, Platinum Equity has invested in 29 US states and 13 different countries. Its largest (disclosed) acquisition occurred in 2016 when it acquired Vertiv for $4.0B.

In the last 3 years, Platinum Equity has exited 17 companies. The Firm’s most common exit type is trade sale (49%). Platinum Equity’s largest (disclosed) exit occurred in 2016 when it sold Bway for $2.4B.

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M&A Summary

  • M&A Total Activity174
    • M&A Buy Activity110
    • M&A Sell Activity64
  • Total Sectors Invested 39
  • Total Countries Invested 13
  • M&A Buy/Sell Connections 90
  • M&A Advisors 37

Platinum Equity

360 North Crescent Drive,
Beverly Hills, California 90210
United States
(310) 712-1850
www.platinumequity.com
dboutry@platinumequity.com

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.


Investment Criteria

Sectors of Interest: Agriculture, Automotive, Building Materials, Business Services, Chemicals, Communications, Construction, Consumer Products, Consumer Services, Distribution, Electrical Equipment, Electronics, Environmental, Food, Healthcare Services, Information Technology, Internet Software and Services, Leisure, Machinery, Manufacturing, Marine, Marketing, Metals/Mining, Packaging, Plastics, Publishing, Renewable Energy, Retail, Semiconductors, Software, Technology Hardware, Test/Measurement Equipment, Transportation, Utilities

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Going Private, Special Situations/Distressed, Secondary Buyout

Geographic Preferences: East US, Midwest US, South US, West US, Canada, United Kingdom, Western Europe, Eastern Europe, Scandinavia, Asia/Pacific, Australia/New Zealand

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - 2,000
Enterprise Value 100 10,000
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (8.2/yr) # 69 10 8 10 9 4 110
vol $6.5B $5.3B $3.9B $6.2B $5.2B $27.2B
Sell (4.2/yr) # 43 4 2 9 4 2 64
vol $3.2B $2.8B $2.2B $8.2B
  174

Most Recent M&A

Company Date Value Type
L&R Distributors, Inc. 2020-07-01 - Buyout (LBO, MBO, MBI)
Brooklyn, New York · www.lrdist.com
Deluxe Entertainment Services Group, Inc. - distribution business 2020-07-01 - Divestiture
Hollywood, California
Vertiv Co. 2020-02-10 - Merger
Columbus, Ohio · www.vertivco.com
American Commercial Lines, Inc. 2020-02-04 - Bankruptcy
Jeffersonville, Indiana · www.bargeacbl.com
Centerfield Media Holdings LLC 2020-01-21 - Secondary Buyout
Los Angeles, California · www.centerfield.com
Farnese Group 2020-01-10 - Secondary Buyout
Ortona, Italy · www.farnesevini.com
Biscuit International S.A.S. 2019-11-22 - Secondary Buyout
Paris, France · www.biscuitinternational.com
Pacific Architects and Engineers, Inc. 2019-11-01 - Merger
Falls Church, Virginia · www.pae.com
De Wave Group 2019-10-30 - Secondary Buyout
Genova, Italy · www.dewavegroup.com
Cision Ltd. 2019-10-22 2.7B USD Going Private
Chicago, Illinois · www.cision.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Deluxe Entertainment Services Group, Inc. - distribution business 2020-07-01 CineVizion 2020-07-01 1
Hollywood, California Los Angeles, Arkansas · www.cinevizion.com
Orbit Irrigation Systems 2019-02-06 Bond Manufacturing - Garden Business 2020-06-01 1
North Salt Lake, Utah · www.orbitonline.com Antioch, California
United Site Services, Inc. 2017-07-24 S&B Porta-Bowl Restrooms, Inc. 2019-12-04 2
Westborough, Massachusetts · www.unitedsiteservices.com Aurora, Colorado · www.sbprestrooms.com
Transworld Systems, Inc. 2014-07-14 Alltran Financial LP 2019-12-03 4
Lake Forest, Illinois · www.tsico.com Houston, Tennessee
Interior Logic Group, Inc. 2017-03-03 Mike's Flooring Companies 2019-09-09 5
Marietta, Georgia · www.interiorlogicgroup.com Chantilly, Virginia · www.mikesfloorco.com
Pattonair 2017-08-21 Wesco Aircraft Holdings, Inc. 2019-08-09 1
Derby, United Kingdom · www.pattonair.com Valencia, California · www.wescoair.com
Yak Access LLC 2018-07-30 Klein’s Restoration Services LLC 2019-07-11 1
Columbia, Mississippi · www.yakaccess.com Canton, Ohio · www.kleinsrestoration.com
Artesyn Embedded Technologies, Inc. 2013-11-22 Artesyn Embedded Technologies, Inc. - Embedded Computing Business 2019-07-09 2
Tempe, Arizona · www.artesyn.com Tempe, Arizona
Multi-Color Corp. 2019-02-25 WS Packaging, Inc. 2019-07-01 1
Batavia, Ohio · www.multicolorcorp.com Green Bay, Wisconsin · www.wspackaging.com
Transworld Systems, Inc. 2014-07-14 NCC Business Services, Inc. 2019-06-03 3
Lake Forest, Illinois · www.tsico.com Jacksonville, Florida · www.ncc-business.com

M&A by Sector

Sector Current # Value All-time # Value
Business Services 5 (11%) - 10 (9%) -
Transportation 1 (2%) - 8 (7%) 1.5B (6%)
Distribution 5 (11%) - 8 (7%) -
Packaging 3 (7%) 2.5B (16%) 7 (6%) 3.9B (14%)
Information Technology - - 7 (6%) 254M (1%)
Manufacturing 4 (9%) - 6 (5%) 630M (2%)
Marketing 3 (7%) - 5 (5%) 225M (1%)
Communications - - 5 (5%) -
Automotive 1 (2%) - 4 (4%) -
Machinery 2 (5%) 4.2B (26%) 3 (3%) 4.3B (16%)
Metals/Mining - - 3 (3%) 2.0B (7%)
Technology Hardware 1 (2%) - 3 (3%) 90M (< 1%)
Building Materials 1 (2%) - 3 (3%) -
Marine 1 (2%) - 3 (3%) -
Electrical Equipment - - 2 (2%) 4.0B (15%)
Software 1 (2%) 2.7B (17%) 2 (2%) 2.7B (10%)
Consumer Products 1 (2%) 1.3B (8%) 2 (2%) 1.3B (5%)
Leisure 2 (5%) 1.3B (8%) 2 (2%) 1.3B (5%)
Publishing 1 (2%) 323M (2%) 2 (2%) 323M (1%)
Chemicals - - 2 (2%) -
Construction 1 (2%) - 2 (2%) -
Environmental - - 2 (2%) -
Food 2 (5%) - 2 (2%) -
Safety/Security - - 2 (2%) -
Medical Products 1 (2%) 2.1B (13%) 1 (1%) 2.1B (8%)
Defense - - 1 (1%) 1.0B (4%)
Consumer Services 1 (2%) 630M (4%) 1 (1%) 630M (2%)
Utilities 1 (2%) 520M (3%) 1 (1%) 520M (2%)
Test/Measurement Equipment 1 (2%) 323M (2%) 1 (1%) 323M (1%)
Aerospace 1 (2%) - 1 (1%) -
Agriculture - - 1 (1%) -
Apparel/Textiles 1 (2%) - 1 (1%) -
Beverages 1 (2%) - 1 (1%) -
Electronics - - 1 (1%) -
Energy Services and Equipment 1 (2%) - 1 (1%) -
Healthcare Services - - 1 (1%) -
Plastics - - 1 (1%) -
Real Estate - - 1 (1%) -
Renewable Energy 1 (2%) - 1 (1%) -
Total 44 $15.9B 110 $27.2B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 30 (68%) 10.5B (66%) 87 (79%) 21.5B (79%)
  California 4 (9%) 2.4B (15%) 9 (8%) 2.4B (9%)
  Texas 3 (7%) - 6 (5%) 254M (1%)
  Illinois 2 (5%) 2.7B (17%) 6 (5%) 5.5B (20%)
  Georgia 2 (5%) 630M (4%) 6 (5%) 1.9B (7%)
  Ohio 1 (2%) 2.5B (16%) 6 (5%) 6.7B (25%)
  Pennsylvania 1 (2%) 520M (3%) 6 (5%) 520M (2%)
  Michigan 1 (2%) - 5 (5%) 630M (2%)
  Minnesota 1 (2%) 1.3B (8%) 4 (4%) 1.3B (5%)
  Florida 1 (2%) - 4 (4%) -
  New Jersey 1 (2%) - 3 (3%) 90M (< 1%)
  Massachusetts 1 (2%) - 3 (3%) -
  North Carolina 1 (2%) - 3 (3%) -
  New York 1 (2%) - 3 (3%) -
  Indiana - - 3 (3%) 777M (3%)
  Iowa 2 (5%) - 2 (2%) -
  Colorado 1 (2%) - 2 (2%) -
  Arizona 1 (2%) - 2 (2%) -
  Wisconsin - - 2 (2%) 51M (< 1%)
  Maryland - - 2 (2%) -
  Connecticut 1 (2%) 361M (2%) 1 (1%) 361M (1%)
  Mississippi 1 (2%) - 1 (1%) -
  Utah 1 (2%) - 1 (1%) -
  Tennessee 1 (2%) - 1 (1%) -
  Oklahoma 1 (2%) - 1 (1%) -
  Nevada 1 (2%) - 1 (1%) -
  Virginia - - 1 (1%) 1.0B (4%)
  Louisiana - - 1 (1%) -
  Kentucky - - 1 (1%) -
  North Dakota - - 1 (1%) -
United Kingdom 2 (5%) 1.3B (8%) 4 (4%) 1.5B (6%)
Singapore 3 (7%) - 3 (3%) -
Canada 2 (5%) 3.9B (24%) 3 (3%) 3.9B (14%)
  Ontario 2 (5%) 3.9B (24%) 2 (2%) 3.9B (14%)
  British Columbia - - 1 (1%) -
Australia 2 (5%) 323M (2%) 2 (2%) 323M (1%)
Italy 2 (5%) - 2 (2%) -
Spain 1 (2%) - 2 (2%) -
Netherlands - - 2 (2%) -
France 1 (2%) - 1 (1%) -
Hong Kong 1 (2%) - 1 (1%) -
Germany - - 1 (1%) -
Belgium - - 1 (1%) -
Mexico - - 1 (1%) -
Domestic 30 (68%) 10.5B (66%) 87 (79%) 21.5B (79%)
Cross-border 14 (32%) 5.5B (34%) 23 (21%) 5.7B (21%)
Total 44 $15.9B 110 $27.2B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Divestiture 21 (48%) 5.2B (36%) 52 (47%) 10.4B (41%)
Secondary Buyout 11 (25%) 3.9B (26%) 21 (19%) 6.1B (24%)
Buyout (LBO, MBO, MBI) 7 (16%) - 14 (13%) -
Going Private 4 (9%) 5.6B (38%) 11 (10%) 8.7B (34%)
Special Situations/Distressed - - 4 (4%) 33M (< 1%)
Stake Purchase - - 3 (3%) -
Recapitalization 1 (2%) - 2 (2%) -
Growth Capital - - 1 (1%) -
Merger - - 1 (1%) -
Venture - - 1 (1%) -
Total 44 $14.6B 110 $25.2B

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 18 (28%) 5.1B (62%)
Secondary Sale 18 (28%) 628M (8%)
Trade Sale 15 (23%) 2.5B (30%)
Merger 6 (9%) -
Bankruptcy 2 (3%) -
IPO 2 (3%) -
Sold to Management 2 (3%) -
Shut Down 1 (2%) -
Total 64 $8.2B

Top M&A Advisors

Financial Deals
Goldman Sachs Investment Banking Division
 5
Rothschild Global Advisory
 3
Deloitte
 2
Legal Deals
Latham & Watkins
 19
Bingham McCutchen LLP
 6
Morgan, Lewis & Bockius LLP
 4

Deal Values

buy # Total
> $1B 10 $22.0B
$100M to $1B 11 $5.0B
< $100M 3 $174M
TOTAL $27.2B
Largest Vertiv Co.
$4.0B (2016-08-02)
sell # Total
> $1B 3 $5.6B
$100M to $1B 9 $2.5B
< $100M 2 $128M
TOTAL $8.2B
Largest Bway Corp.
$2.4B (2016-06-13)

M&A Connections

Deals %
Acquired from
PE Firm(s)
35%
28 35%
Strategic(s)
65%
51 65%
Exited to
PE Firm(s)
41%
24 41%
Strategic(s)
59%
34 59%

Investor Summary

Size

Mega

PE Assets

23.0B USD

Established

1995

Specialist/Generalist

Generalist

Leadership

Tom Gores

Founder, Chairman & CEO

Mary Ann Sigler

CFO

Bob Wymbs

Partner

Bryan Kelln

Partner

Jacob Kotzubei

Partner

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