M&A Deal Summary

Platform Partners Acquires PPM

On November 21, 2024, private equity firm Platform Partners acquired utilities company PPM

Acquisition Highlights
  • This is Platform Partners’ 1st transaction in the Utilities sector.
  • This is Platform Partners’ 28th transaction in the United States.
  • This is Platform Partners’ 1st transaction in New Jersey.

M&A Deal Summary

Date 2024-11-21
Target PPM
Sector Utilities
Buyer(s) Platform Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

PPM

Wenonah, New Jersey, United States
PPM is a full-service, trenchless pipeline rehabilitation contractor that restores aging, damaged, or leaking underground infrastructure, primarily natural gas utility distribution pipelines of all shapes and sizes. PPM was founded in 2002 and is based in Wenonah, New Jersey.

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Buyer(S) 1

Buyer

Platform Partners

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 800M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Platform Partners is a private holding company that makes investments in small to mid-sized companies with a history of 'operating profitability'. The platform looks for growth situations and seeks to invest up to $75 million of equity capital per transaction. Prospective transaction situations include management-led buyouts of private companies, recapitalization of family-owned companies, and growth capital commitments to pursue strategic acquisitions. The Firm will consider both majority and minority positions. Platform Partners was formed in 2006 and is based in Houston, Texas.


DEAL STATS #
Overall 28 of 28
Sector (Utilities) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 13 of 13
State (New Jersey) 1 of 1
Country (United States) 28 of 28
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-22 SmartSky Networks

Morrisville, North Carolina, United States

SmartSky Networks is a producer of disruptive communications technologies for the aviation industry. SmartSky Networks was founded in 2011 and is based in Morrisville, North Carolina.

Sell -