M&A Deal Summary

Platinum Equity Acquires Livingston International

On February 21, 2019, private equity firm Platinum Equity acquired transportation company Livingston International from Sterling Partners Private Equity

Acquisition Highlights
  • This is Platinum Equity’s 7th transaction in the Transportation sector.
  • This is Platinum Equity’s 3rd transaction in Canada.
  • This is Platinum Equity’s 2nd transaction in Ontario.

M&A Deal Summary
Date 2019-02-21
Target Livingston International
Sector Transportation
Buyer(s) Platinum Equity
Sellers(s) Sterling Partners Private Equity
Deal Type Secondary Buyout

Target

Livingston International

Toronto, Ontario, Canada
Livingston International focuses on customs brokerage and trade compliance, offering international trade consulting, global trade management and freight forwarding. It provides clarity in a world of trade complexity, so businesses can grow further, faster and smarter. Livingston employs associates at more than 100 key border points, sea ports, airports and other strategic locations across North America, Europe and Asia.

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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 100 of 148
Sector (Transportation) 7 of 7
Type (Secondary Buyout) 16 of 41
State (Ontario) 2 of 2
Country (Canada) 3 of 3
Year (2019) 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-06 Orbit

Bountiful, Utah, United States

Orbit is a provider of residential watering solutions whose mission is to bring smart technology to homeowners, landscape professionals, and farmers across the globe. The company serves markets spanning six continents and 40 countries, and for decades has been a worldwide leader in designing and building innovative water optimization products. Orbit is based in Bountiful, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-25 Multi-Color

Batavia, Ohio, United States

Multi-Color is a provider of label solutions supporting a number of brands including leading producers of home and personal care, wine and spirit, food and beverage and specialty consumer products. MCC serves international brand owners in North, Central and South America, Europe, Australia, New Zealand, South Africa and China with a comprehensive range of the latest label technologies in Pressure Sensitive, Cut and Stack, In-Mold, Shrink Sleeve and Heat Transfer. Multi-Color was founded in 1916 and is based in Batavia, Ohio.

Buy $2.5B

Seller(S) 1

SELLER

Sterling Partners Private Equity

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1983
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Sterling Partners Private Equity is the private equity arm of asset management firm Sterling Partners. Sterling Partners Private Equityis focused on investing in small to medium-sized companies positioned for growth, either organically or through acquisitions. Sterling has a strong interest in businesses with differentiated products, defensible competitive positions, recurring revenues, and diversified customers. The Firm's target equity commitment size is $5 to $175 million. Broad sectors of interest include direct marketing, education, specialty distribution, specialty manufacturing, healthcare, technology, and business services. Sterling Partners was formed in 1983 and is based in Chicago, Illinois.

DEAL STATS #
Overall 42 of 51
Sector (Transportation) 1 of 1
Type (Secondary Buyout) 9 of 9
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2019) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-06 Ashworth College

Norcross, Georgia, United States

Ashworth College is a nationally accredited online institution that provides flexible and affordable education to students located around the world. Areas of study include more than 145 career-focused programs in the high-demand fields of healthcare, technology, business, creative services, education, legal studies, and trades. In a 2017 survey done for DEAC, 95 percent of students and graduates of the school's 20 most popular programs said they were satisfied with their studies and would recommend Ashworth College to a friend.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-13 Reading Plus

Winooski, Vermont, United States

Reading Plus is an evidence-based, online program that provides personalized instruction and intervention for students, improving reading proficiency by 2.5-grade levels in a single school year. The adaptive literacy program develops fluency, comprehension, and vocabulary, while also measuring student motivation. It supports students with diverse needs, including multilingual learners, students who qualify for special education services, RTI/MTSS Tiers 1–3, and advanced readers. Reading Plus provides educators with easy-to-use management and reporting system, extensive resources to guide differentiated instruction, professional development, and highly rated customer support. Reading Plus is based in Winooski, Vermont.

Buy -
Mergr

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