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 (9%) and distribution (9%). The Firm’s most common investment types include divestiture (47%) and secondary buyout (21%). In total, Platinum Equity has invested in 29 US states and 13 different countries. Its largest (disclosed) acquisition occurred in 2020 when it acquired Ingram Micro for $7.2B.

In the last 3 years, Platinum Equity has exited 19 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 Activity184
    • M&A Buy Activity118
    • M&A Sell Activity66
  • Total Sectors Invested 39
  • Total Countries Invested 13
  • M&A Buy/Sell Connections 95
  • M&A Advisors 44

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 ≤ '16 '17 '18 '19 '20 '21 T
Buy (7.8/yr) # 79 8 10 9 5 7 118
vol $11.9B $3.9B $6.2B $5.2B $7.2B $5.9B $40.3B
Sell (4.2/yr) # 47 2 9 4 4 2 68
vol $6.0B $2.2B $398M $1.8B $10.4B
  186

Most Recent M&A

Company Date Value Type
SVP Worldwide LLC 2021-06-10 - Secondary Buyout
LaVergne, Tennessee · www.svpworldwide.com
Urbaser S.A. 2021-06-07 4.2B USD Divestiture
Madrid, Spain · www.urbaser.com
Game Taco 2021-05-17 - Buyout (LBO, MBO, MBI)
San Francisco Bay Area, California · www.gametaco.com
Club Car LLC 2021-04-12 1.7B USD Divestiture
Evans, Georgia · www.clubcar.com
ACProducts, Inc. 2021-04-05 - Secondary Buyout
Ann Arbor, Michigan · www.cabinetworksgroup.com
NDC, Inc. 2021-03-08 - Secondary Buyout
Nashville, Tennessee · www.ndc-inc.com
Sensis Pty Ltd. 2021-03-01 200M USD Add-on Acquisition
Melbourne, Australia · www.sensis.com.au
Interior Logic Group, Inc. 2021-02-01 1.6B USD Secondary Buyout
Irvine, California · www.interiorlogicgroup.com
Mad Engine LLC 2021-01-04 - Buyout (LBO, MBO, MBI)
San Diego, California · www.madengine.com
Compart Systems Pte Ltd. 2020-12-22 398M USD Add-on Acquisition
Singapore, Singapore · www.compartsys.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Transworld Systems, Inc. 2014-07-14 Performant Financial Corp. - Certain Assets 2021-05-24 6
Lake Forest, Illinois · www.tsico.com Livermore, California
Game Taco 2021-05-17 WorldWinner 2021-05-17 1
San Francisco Bay Area, California · www.gametaco.com Boston, Massachusetts · www.worldwinner.com
BlueCrest, Inc. 2018-04-30 BCC Software LLC 2020-12-22 1
Danbury, Connecticut · www.bluecrestinc.com Rochester, New York · www.bccsoftware.com
Orbit Irrigation Systems 2019-02-06 Bond Manufacturing - Garden Business 2020-06-01 1
North Salt Lake, Utah · www.orbitonline.com Antioch, California
Transworld Systems, Inc. 2014-07-14 Alltran Financial LP 2019-12-03 5
Lake Forest, Illinois · www.tsico.com Houston, Tennessee
Pattonair 2017-08-21 Wesco Aircraft Holdings, Inc. 2019-08-09 1
Derby, United Kingdom · www.pattonair.com Valencia, California · www.wescoair.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 2
Batavia, Ohio · www.multicolorcorp.com Green Bay, Wisconsin · www.wspackaging.com
Artesyn Embedded Technologies, Inc. 2013-11-22 Artesyn Embedded Technologies, Inc. - Embedded Power Business 2019-05-15 1
Tempe, Arizona · www.artesyn.com Tempe, Arizona
Transworld Systems, Inc. 2014-07-14 Credit Bureau of Lancaster County, Inc. - Collection Division Portfolio 2019-05-07 4
Lake Forest, Illinois · www.tsico.com Lancaster, Pennsylvania

M&A by Sector

Sector Current # Value All-time # Value
Distribution 6 (13%) 7.2B (25%) 10 (8%) 7.2B (18%)
Business Services 5 (10%) - 10 (8%) -
Transportation 1 (2%) - 8 (7%) 1.5B (4%)
Packaging 3 (6%) 2.5B (9%) 7 (6%) 3.9B (10%)
Information Technology - - 7 (6%) 254M (1%)
Manufacturing 3 (6%) - 6 (5%) 630M (2%)
Automotive 2 (4%) 1.7B (6%) 5 (4%) 1.7B (4%)
Marketing 3 (6%) - 5 (4%) 225M (1%)
Communications - - 5 (4%) -
Building Materials 2 (4%) - 4 (3%) -
Machinery 2 (4%) 4.2B (15%) 3 (3%) 4.3B (11%)
Environmental 1 (2%) 4.2B (15%) 3 (3%) 4.2B (10%)
Metals/Mining - - 3 (3%) 2.0B (5%)
Consumer Products 2 (4%) 1.3B (5%) 3 (3%) 1.3B (3%)
Technology Hardware 1 (2%) - 3 (3%) 90M (< 1%)
Marine 1 (2%) - 3 (3%) -
Electrical Equipment - - 2 (2%) 4.0B (10%)
Software 1 (2%) 2.7B (10%) 2 (2%) 2.7B (7%)
Medical Products 1 (2%) 2.1B (7%) 2 (2%) 2.1B (5%)
Leisure 2 (4%) 1.3B (5%) 2 (2%) 1.3B (3%)
Publishing - - 2 (2%) 323M (1%)
Apparel/Textiles 2 (4%) - 2 (2%) -
Chemicals - - 2 (2%) -
Construction - - 2 (2%) -
Food 2 (4%) - 2 (2%) -
Safety/Security - - 2 (2%) -
Defense - - 1 (1%) 1.0B (2%)
Consumer Services 1 (2%) 630M (2%) 1 (1%) 630M (2%)
Utilities 1 (2%) 520M (2%) 1 (1%) 520M (1%)
Test/Measurement Equipment 1 (2%) 323M (1%) 1 (1%) 323M (1%)
Aerospace 1 (2%) - 1 (1%) -
Agriculture - - 1 (1%) -
Beverages 1 (2%) - 1 (1%) -
Digital Media 1 (2%) - 1 (1%) -
Electronics - - 1 (1%) -
Energy Services and Equipment 1 (2%) - 1 (1%) -
Plastics - - 1 (1%) -
Real Estate - - 1 (1%) -
Renewable Energy 1 (2%) - 1 (1%) -
Total 48 $28.7B 118 $40.3B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 35 (73%) 19.4B (67%) 94 (80%) 30.4B (75%)
  California 7 (15%) 9.6B (34%) 13 (11%) 9.6B (24%)
  Illinois 2 (4%) 2.7B (10%) 6 (5%) 5.5B (14%)
  Georgia 2 (4%) 2.3B (8%) 6 (5%) 3.6B (9%)
  Michigan 2 (4%) - 6 (5%) 630M (2%)
  Texas 2 (4%) - 6 (5%) 254M (1%)
  Ohio 1 (2%) 2.5B (9%) 6 (5%) 6.7B (17%)
  Pennsylvania 1 (2%) 520M (2%) 6 (5%) 520M (1%)
  Minnesota 1 (2%) 1.3B (5%) 4 (3%) 1.3B (3%)
  Florida 1 (2%) - 4 (3%) -
  Tennessee 3 (6%) - 3 (3%) -
  New Jersey 1 (2%) - 3 (3%) 90M (< 1%)
  North Carolina 1 (2%) - 3 (3%) -
  New York 1 (2%) - 3 (3%) -
  Massachusetts 1 (2%) - 3 (3%) -
  Indiana - - 3 (3%) 777M (2%)
  Iowa 2 (4%) - 2 (2%) -
  Colorado 1 (2%) - 2 (2%) -
  Arizona 1 (2%) - 2 (2%) -
  Wisconsin - - 2 (2%) 51M (< 1%)
  Maryland - - 2 (2%) -
  Connecticut 1 (2%) 361M (1%) 1 (1%) 361M (1%)
  Utah 1 (2%) - 1 (1%) -
  Oklahoma 1 (2%) - 1 (1%) -
  Nevada 1 (2%) - 1 (1%) -
  Mississippi 1 (2%) - 1 (1%) -
  Virginia - - 1 (1%) 1.0B (2%)
  North Dakota - - 1 (1%) -
  Louisiana - - 1 (1%) -
  Kentucky - - 1 (1%) -
United Kingdom 2 (4%) 1.3B (5%) 4 (3%) 1.5B (4%)
Spain 2 (4%) 4.2B (15%) 3 (3%) 4.2B (10%)
Canada 2 (4%) 3.9B (13%) 3 (3%) 3.9B (10%)
  Ontario 2 (4%) 3.9B (13%) 2 (2%) 3.9B (10%)
  British Columbia - - 1 (1%) -
Singapore 2 (4%) - 3 (3%) -
Italy 2 (4%) - 2 (2%) -
Australia 1 (2%) - 2 (2%) 323M (1%)
Netherlands - - 2 (2%) -
France 1 (2%) - 1 (1%) -
Hong Kong 1 (2%) - 1 (1%) -
Germany - - 1 (1%) -
Belgium - - 1 (1%) -
Mexico - - 1 (1%) -
Domestic 35 (73%) 19.4B (67%) 94 (80%) 30.4B (75%)
Cross-border 13 (27%) 9.4B (33%) 24 (20%) 9.9B (25%)
Total 48 $28.7B 118 $40.3B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Divestiture 21 (44%) 18.0B (66%) 55 (47%) 23.5B (61%)
Secondary Buyout 13 (27%) 3.9B (14%) 24 (20%) 6.1B (16%)
Buyout (LBO, MBO, MBI) 9 (19%) - 16 (14%) -
Going Private 4 (8%) 5.6B (20%) 11 (9%) 8.7B (23%)
Special Situations/Distressed - - 4 (3%) 33M (< 1%)
Stake Purchase - - 3 (3%) -
Recapitalization 1 (2%) - 2 (2%) -
Growth Capital - - 1 (1%) -
Merger - - 1 (1%) -
Venture - - 1 (1%) -
Total 48 $27.4B 118 $38.3B

Exits by Deal Type

Type Total # Value
Secondary Sale 20 (29%) 2.2B (21%)
Trade Sale - Public Company 19 (28%) 5.5B (53%)
Trade Sale 16 (24%) 2.7B (26%)
Merger 4 (6%) -
Bankruptcy 2 (3%) -
IPO 2 (3%) -
Sold to Management 2 (3%) -
SPAC 2 (3%) -
Shut Down 1 (1%) -
Total 68 $10.4B

Top M&A Advisors

Financial Deals
Goldman Sachs Investment Banking Division
 6
Rothschild Global Advisory
 3
Citigroup Investment Banking
 3
Legal Deals
Latham & Watkins
 23
Bingham McCutchen LLP
 6
Gibson, Dunn & Crutcher LLP
 5

Deal Values

buy # Total
> $1B 13 $35.1B
$100M to $1B 11 $5.0B
< $100M 3 $174M
TOTAL $40.3B
Largest Ingram Micro, Inc.
$7.2B (2020-12-09)
sell # Total
> $1B 4 $7.2B
$100M to $1B 11 $3.1B
< $100M 2 $128M
TOTAL $10.4B
Largest Bway Corp.
$2.4B (2016-06-13)

M&A Connections

Deals
Acquired from
Investor(s)
21%
25 (21%)
Strategic(s)
45%
53 (45%)
Exited to
Investor(s)
29%
20 (29%)
Strategic(s)
53%
36 (53%)

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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