M&A Deal Summary

Platinum Equity Acquires ASP Global

On August 6, 2024, private equity firm Platinum Equity acquired distribution company ASP Global from Incline Equity Partners

Acquisition Highlights
  • This is Platinum Equity’s 11th transaction in the Distribution sector.
  • This is Platinum Equity’s 115th transaction in the United States.
  • This is Platinum Equity’s 9th transaction in Georgia.

M&A Deal Summary

Date 2024-08-06
Target ASP Global
Sector Distribution
Buyer(s) Platinum Equity
Sellers(s) Incline Equity Partners
Deal Type Secondary Buyout
Advisor(s) Solomon Partners (Financial)

Target

ASP Global

Austell, Georgia, United States
ASP Global sources and distributes healthcare supplies, including patient preference items, lab supplies, and orthopedic products, to hospitals and other healthcare settings. ASP Global is based in Austell, Georgia.

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Buyer(S) 1

Buyer

Platinum Equity

Beverly Hills, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 48.0B 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 STATS #
Overall 145 of 150
Sector (Distribution) 11 of 12
Type (Secondary Buyout) 40 of 41
State (Georgia) 9 of 9
Country (United States) 115 of 118
Year (2024) 8 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-30 BluRoc

Northampton, Massachusetts, United States

BluRoc provides single-source access solutions for even the most challenging terrain, providing permanent and temporary access roads for power line construction and other industries. BluRoc is based in Northampton, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-29 Inventia Healthcare

Mumbai, India

Inventia Healthcare specializes in the development and manufacturing of novel drug delivery systems. Inventia Healthcare focuses on creating innovative drug formulations to serve clients across the pharmaceutical industry. Inventia Healthcare is based in Mumbai, India.

Buy -

Seller(S) 1

SELLER

Incline Equity Partners

Pittsburgh, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 5.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Incline Equity Partners is a private equity firm focused on lower middle-market growth companies. The Firm targets companies located in the US and Canada with enterprise values ranging from $25 to $750 million. Prospective transaction types include buyouts, minority recapitalizations, and corporate divestitures. Incline Equity Partners was formerly known as PNC Equity Partners. The Firm is based in Pittsburgh.


DEAL STATS #
Overall 39 of 40
Sector (Distribution) 5 of 5
Type (Secondary Buyout) 24 of 24
State (Georgia) 2 of 2
Country (United States) 38 of 39
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-18 VMG Health

Dallas, Texas, United States

VMG Health is a full-service valuation firm focused exclusively on healthcare companies. The Company provides a unique combination of healthcare industry, financial, and operational expertise to its customers nationwide. VMG Health was founded in 1995 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-17 Unified Power

Terrell, Texas, United States

Unified Power is an independent preventative maintenance and repair service provider for uninterruptible power systems. Unified Power was founded in 1993 and is based in Terrell, Texas.

Sell -