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M&A Deal Summary

Platinum Equity Acquires Data2Logistics

On July 9, 2002, private equity firm Platinum Equity acquired business services company Data2Logistics from The Profit Recovery Group International

Acquisition Highlights
  • This is Platinum Equity’s 2nd transaction in the Business Services sector.
  • This is Platinum Equity’s 5th transaction in the United States.
  • This is Platinum Equity’s 1st transaction in Florida.

M&A Deal Summary
Date 2002-07-09
Target Data2Logistics
Sector Business Services
Buyer(s) Platinum Equity
Sellers(s) The Profit Recovery Group International
Deal Type Divestiture

Target

Data2Logistics

Fort Myers, Florida, United States
Data2Logistics reduces and controls client shipping and freight costs through freight bill audit, payment, and information management services. Data2Logistics' mission is to deliver superior customer service and measurable value to its clients. Data2Logistics is based in Fort Myers, Florida.

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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 50.0B 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 6 of 156
Sector: Business Services M&A 2 of 11
Type: Divestiture M&A Deals 5 of 59
State: Florida M&A 1 of 5
Country: United States M&A 5 of 121
Year: 2002 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-12-10 Altura Communication Solutions

Anaheim, California, United States

Altura Communication Solutions is a provider of voice and data communications solutions and associated maintenance services to corporate customers and government entities. Altura Communication Solutions was founded in 2001 and is based in Anaheim, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-06-18 iET Solutions

Framingham, Massachusetts, United States

iET Solutions LLC develops and supports award-winning software applications for the IT service management market.

Buy -

Seller(S) 1

SELLER

The Profit Recovery Group International

United States
Category Company
Sector Business Services
DESCRIPTION

Profit Recovery provides recovery auditing services for grocery stores, department stores, specialty stores, wholesalers, catalogue companies, discount stores, electronic outlets, drug stores, home improvement businesses and auto parts companies.

DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2002 M&A 1 of 1
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