Platinum Equity Mergers and Acquisitions Summary

Private Equity Profile

In the last 3 years, Platinum Equity has acquired 18 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 (46%) and secondary buyout (20%). In total, Platinum Equity has invested in 29 US states and 13 different countries. Its largest (disclosed) acquisition occurred in 2017 when it acquired Intrado for $5.1B.

In the last 3 years, Platinum Equity has exited 14 companies. The Firm’s most common exit type is trade sale (52%). 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 Activity171
    • M&A Buy Activity111
    • M&A Sell Activity60
  • Total Sectors Invested 39
  • Total Countries Invested 13
  • M&A Buy/Sell Connections 87
  • M&A Advisors 38

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. The Firm has additional offices in New York City, Boston, and London.


Investment Criteria

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

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 100 -
Target EBITDA - -
Investment Size 10 500
Enterprise Value 50 -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (8.8/yr) # 67 10 10 13 9 2 111
vol $6.5B $5.3B $9.0B $6.2B $5.2B $32.2B
Sell (3.6/yr) # 42 4 2 7 4 1 60
vol $3.2B $2.8B $2.1B $8.1B
  171

Most Recent M&A

Company Date Value Type
Vertiv Co. 2020-02-10 - Merger
Columbus, Ohio · www.vertivco.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 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
TruckPro, Inc. 2019-10-16 - Secondary Buyout
Memphis, Tennessee · www.truckpro.com
Artesyn Embedded Technologies, Inc. 2019-09-10 - Add-on Acquisition
Tempe, Arizona · www.artesyn.com
Data Blue LLC 2019-04-12 - Secondary Buyout
Atlanta, Georgia · ww.data-blue.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Intrado Corp. 2017-05-09 Accent 2019-12-23 1
Omaha, Nebraska · www.intrado.com Omaha, Nebraska · www.onlineaccent.com
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
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
Compart Systems Pte Ltd. 2016-08-22 Alpha Precision Turning & Engineering Sdn Bhd 2019-05-10 1
Singapore, Singapore · www.compartsys.com Kulim, Malaysia
Transworld Systems, Inc. 2014-07-14 Credit Bureau of Lancaster County, Inc. - Collection Division Portfolio 2019-05-07 2
Lake Forest, Illinois · www.tsico.com Lancaster, Pennsylvania
Transworld Systems, Inc. 2014-07-14 Altisource Portfolio Solutions S.A. - Financial Services Business 2019-03-29 1
Lake Forest, Illinois · www.tsico.com , United States

M&A by Sector

Sector Current # Value All-time # Value
Business Services 5 (10%) 323M (1%) 10 (9%) 323M (1%)
Transportation 3 (6%) 777M (4%) 8 (7%) 1.5B (5%)
Information Technology - - 7 (6%) 254M (1%)
Packaging 3 (6%) 2.5B (11%) 6 (5%) 3.9B (12%)
Distribution 3 (6%) - 6 (5%) -
Manufacturing 4 (8%) - 5 (5%) 630M (2%)
Communications - - 5 (5%) -
Plastics 3 (6%) - 4 (4%) -
Machinery 2 (4%) 4.2B (19%) 3 (3%) 4.3B (13%)
Digital Media 3 (6%) 2.7B (13%) 3 (3%) 2.7B (9%)
Metals/Mining - - 3 (3%) 2.0B (6%)
Consumer Products 3 (6%) 1.3B (6%) 3 (3%) 1.3B (4%)
Marketing 1 (2%) - 3 (3%) 225M (1%)
Technology Hardware - - 3 (3%) 90M (< 1%)
Building Materials 1 (2%) - 3 (3%) -
Marine 1 (2%) - 3 (3%) -
Internet Software and Services 2 (4%) 5.4B (25%) 2 (2%) 5.4B (17%)
Electrical Equipment - - 2 (2%) 4.0B (12%)
Leisure 2 (4%) 1.3B (6%) 2 (2%) 1.3B (4%)
Renewable Energy 2 (4%) 520M (2%) 2 (2%) 520M (2%)
Apparel/Textiles 2 (4%) - 2 (2%) -
Automotive - - 2 (2%) -
Chemicals - - 2 (2%) -
Construction 1 (2%) - 2 (2%) -
Electronics 1 (2%) - 2 (2%) -
Environmental - - 2 (2%) -
Food 2 (4%) - 2 (2%) -
Retail 2 (4%) - 2 (2%) -
Safety/Security - - 2 (2%) -
Medical Products 1 (2%) 2.1B (10%) 1 (1%) 2.1B (7%)
Defense - - 1 (1%) 1.0B (3%)
Utilities 1 (2%) 630M (3%) 1 (1%) 630M (2%)
Aerospace 1 (2%) - 1 (1%) -
Agriculture - - 1 (1%) -
Energy Services and Equipment 1 (2%) - 1 (1%) -
Healthcare Services - - 1 (1%) -
Publishing - - 1 (1%) -
Real Estate - - 1 (1%) -
Software - - 1 (1%) -
Total 50 $21.8B 111 $32.2B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 33 (66%) 17.7B (81%) 85 (77%) 27.8B (86%)
  California 4 (8%) 2.4B (11%) 8 (7%) 2.4B (8%)
  Pennsylvania 2 (4%) 520M (2%) 7 (6%) 520M (2%)
  Illinois 3 (6%) 2.7B (13%) 6 (5%) 5.5B (17%)
  Ohio 2 (4%) 2.5B (11%) 6 (5%) 6.7B (21%)
  Georgia 2 (4%) 630M (3%) 6 (5%) 1.9B (6%)
  Michigan 1 (2%) - 5 (5%) 630M (2%)
  New Jersey 2 (4%) 1.3B (6%) 4 (4%) 1.4B (4%)
  North Carolina 2 (4%) - 4 (4%) -
  Minnesota 1 (2%) 1.3B (6%) 4 (4%) 1.3B (4%)
  Texas 1 (2%) - 4 (4%) 254M (1%)
  Florida 1 (2%) - 4 (4%) -
  Indiana 2 (4%) 777M (4%) 3 (3%) 777M (2%)
  Massachusetts 1 (2%) - 3 (3%) -
  Colorado 1 (2%) - 3 (3%) -
  Wisconsin 1 (2%) - 2 (2%) 51M (< 1%)
  Maryland - - 2 (2%) -
  Arizona - - 2 (2%) -
  Nebraska 1 (2%) 5.1B (23%) 1 (1%) 5.1B (16%)
  Connecticut 1 (2%) 361M (2%) 1 (1%) 361M (1%)
  Utah 1 (2%) - 1 (1%) -
  Tennessee 1 (2%) - 1 (1%) -
  Nevada 1 (2%) - 1 (1%) -
  Mississippi 1 (2%) - 1 (1%) -
  Iowa 1 (2%) - 1 (1%) -
  Virginia - - 1 (1%) 1.0B (3%)
  North Dakota - - 1 (1%) -
  New York - - 1 (1%) -
  Louisiana - - 1 (1%) -
  Kentucky - - 1 (1%) -
Singapore 5 (10%) - 5 (5%) -
Australia 4 (8%) 323M (1%) 4 (4%) 323M (1%)
Canada 2 (4%) 3.9B (18%) 3 (3%) 3.9B (12%)
  Ontario 2 (4%) 3.9B (18%) 2 (2%) 3.9B (12%)
  British Columbia - - 1 (1%) -
United Kingdom 1 (2%) - 3 (3%) 225M (1%)
Italy 2 (4%) - 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 33 (66%) 17.7B (81%) 85 (77%) 27.8B (86%)
Cross-border 17 (34%) 4.2B (19%) 26 (23%) 4.4B (14%)
Total 50 $21.8B 111 $32.2B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Divestiture 22 (44%) 5.2B (26%) 51 (46%) 10.4B (34%)
Secondary Buyout 13 (26%) 3.9B (19%) 22 (20%) 6.1B (20%)
Buyout (LBO, MBO, MBI) 8 (16%) - 15 (14%) -
Going Private 5 (10%) 11.4B (56%) 11 (10%) 13.8B (45%)
Special Situations/Distressed 1 (2%) - 4 (4%) -
Stake Purchase - - 4 (4%) -
Growth Capital - - 1 (1%) -
Merger 1 (2%) - 1 (1%) -
Recapitalization - - 1 (1%) -
Venture - - 1 (1%) -
Total 50 $20.5B 111 $30.3B

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 18 (30%) 5.0B (61%)
Secondary Sale 18 (30%) 628M (8%)
Trade Sale 15 (25%) 2.5B (31%)
Merger 4 (7%) -
IPO 2 (3%) -
Bankruptcy 1 (2%) -
Shut Down 1 (2%) -
Sold to Management 1 (2%) -
Total 60 $8.1B

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 11 $27.1B
$100M to $1B 11 $5.0B
< $100M 2 $141M
TOTAL $32.2B
Largest Intrado Corp.
$5.1B (2017-05-09)
sell # Total
> $1B 3 $5.6B
$100M to $1B 8 $2.4B
< $100M 2 $128M
TOTAL $8.1B
Largest Bway Corp.
$2.4B (2016-06-13)

M&A Connections

Deals %
Acquired from
PE Firm(s)
36%
29 36%
Strategic(s)
64%
52 64%
Exited to
PE Firm(s)
43%
24 43%
Strategic(s)
57%
32 57%

Investor Summary

Size

Mega

PE Assets

13.7B USD

Established

1995

Specialist/Generalist

Generalist

Leadership

Tom Gores

Founder, Chairman & CEO

Johnny Lopez

Partner

Philip Norment

Partner

John Diggins

Partner

Jacob Kotzubei

Partner

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