M&A Deal Summary

Platinum Equity Acquires Husky

On December 18, 2017, private equity firm Platinum Equity acquired machinery company Husky from Berkshire Partners and OMERS Private Equity for 3.9B USD

Acquisition Highlights
  • This is Platinum Equity’s 3rd transaction in the Machinery sector.
  • This is Platinum Equity’s 6th largest (disclosed) transaction.
  • This is Platinum Equity’s 2nd transaction in Canada.
  • This is Platinum Equity’s 1st transaction in Ontario.

M&A Deal Summary

Date 2017-12-18
Target Husky
Sector Machinery
Buyer(s) Platinum Equity
Sellers(s) Berkshire Partners
OMERS Private Equity
Deal Type Secondary Buyout
Deal Value 3.9B USD

Target

Husky

Bolton, Ontario, Canada
Husky is a global supplier of injection molding equipment and services to the plastics industry. The company has more than 40 service and sales offices, supporting customers in over 100 countries. Husky’s manufacturing facilities are located in Canada, the United States, Luxembourg, Austria, Switzerland, China, India and the Czech Republic.

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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 87 of 148
Sector (Machinery) 3 of 5
Type (Secondary Buyout) 13 of 41
State (Ontario) 1 of 2
Country (Canada) 2 of 3
Year (2017) 8 of 8
Size (of disclosed) 6 of 31
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-08 Keen Transport

Carlisle, Pennsylvania, United States

Keen Transport is a national provider of heavy-haul logistics and transportation services for the construction, mining and agriculture equipment markets. The company also provides value-added logistics, light assembly, painting, installation of aftermarket accessories, storage, and managed logistics services at facilities near U.S. ports and co-located with customer production facilities.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-05 WS Packaging

Green Bay, Wisconsin, United States

WS Packaging, Inc. is a domestic pressure sensitive label manufacturers. The Company prints a broad range of high-quality pressure sensitive labels for clients engaged in the food, beverage, personal care, household, commercial, promotional, industrial, direct mail, and pharmaceutical markets.

Buy -

Seller(S) 2

SELLER

Berkshire Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 16.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Berkshire Partners is a private equity firm focused on investing in businesses with strong management and that lead their respective markets. Berkshire will consider investments in both public and private companies. Prospective transactions for private companies include leveraged buyouts, recapitalizations, growth capital financings, and privatizations. Public company transactions include take-privates, PIPEs, and equity stakes. Berkshire generally looks to invest $150 to $500 million of equity capital per transaction in companies valued up to $2 billion. Sectors of interest include industrial manufacturing, consumer products, retailing, transportation, communications and business services. Berkshire Partners was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 50 of 61
Sector (Machinery) 2 of 2
Type (Secondary Buyout) 15 of 16
State (Ontario) 1 of 2
Country (Canada) 2 of 3
Year (2017) 6 of 6
Size (of disclosed) 2 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-15 HMT

The Woodlands, Texas, United States

HMT is a provider of aboveground storage tank (AST) maintenance products and services primarily for the petroleum and petrochemical industries. HMT was formed in 1978 and is headquartered in Houston, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-21 Precision Medicine Group

Bethesda, Maryland, United States

Precision Medicine Group is a specialized services company supporting next-generation approaches to drug development and commercialization. Precision provides an integrated infrastructure that supports pharmaceutical and life sciences companies as they develop new products in the age of precision medicine. Precision Medicine Group was founded in 2012 and is based in Bethesda, Maryland.

Buy -
SELLER

OMERS Private Equity

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 19.8B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

OMERS Private Equity, Inc. is the private equity arm of the Ontario Municipal Employees Retirement System. OMERS invests in buyout, venture, and mezzanine funds as well as makes direct private equity investments in North American companies with and enterprise value of $200 million to 1.5 billion. Target sectors include manufacturing, financial and business services, industrial and consumer products, transportation, and technology. OMERS Private Equity was formed in 1987 and is based in Toronto, Ontario.


DEAL STATS #
Overall 23 of 29
Sector (Machinery) 2 of 2
Type (Secondary Buyout) 10 of 15
State (Ontario) 8 of 8
Country (Canada) 10 of 10
Year (2017) 3 of 3
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-14 Trescal

Rungis, France

Trescal provides a broad range of services for the test and measuring equipment market. Supplementing the standard technical services (verification, calibration and repair of T&M instruments), Trescal provides expertise in the implementation and acquisition of measurement systems, customized equipment pool management software solutions, metrology, technical support, and training. Trescal services customers in various sectors such as Defence, Aerospace, Aeronautics, Automotive, Power Generation & Utilities, Electronics Manufacturing, Communications and Medical & Chemistry. Trescal was founded in 2007 and is based in Rungis, France.

Buy €670M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-10 AMS

London, United Kingdom

AMS is a worldwide provider of total workforce solutions, serving more than 100 blue-chip clients in over 90 countries. AMS was founded in 1996 and is based in London, United Kingdom.

Buy £820M