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  6. Platinum Equity Acquires Momentec Brands

M&A Deal Summary

Platinum Equity Acquires Momentec Brands

On March 29, 2024, private equity firm Platinum Equity acquired apparel/textiles company Momentec Brands

Acquisition Highlights
  • This is Platinum Equity’s 4th transaction in the Apparel/Textiles sector.
  • This is Platinum Equity’s 112th transaction in the United States.
  • This is Platinum Equity’s 5th transaction in North Carolina.

M&A Deal Summary
Date 2024-03-29
Target Momentec Brands
Sector Apparel/Textiles
Buyer(s) Platinum Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

Momentec Brands

Charlotte, North Carolina, United States
Momentec Brands is a designer, manufacturer, and marketer of customizable high-performance uniforms, training apparel, and fanwear for teams, coaches, athletes, and fans. Momentec Brands is based in Charlotte, North Carolina.

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Buyer(S) 1

Buyer

Platinum Equity

Beverly Hills, California, United States

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 141 of 152
Sector (Apparel/Textiles) 4 of 4
Type (Buyout (LBO, MBO, MBI)) 20 of 23
State (North Carolina) 5 of 5
Country (United States) 112 of 119
Year (2024) 4 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-22 TAK Communications

Sioux Falls, South Dakota, United States

TAK Communications is a telecommunications and broadband service provider that offers full value chain communications services and solutions to its customers across the US, from project management, engineering, and construction to drops, fulfillment, and door-to-door sales. TAK Communications is based in Sioux Falls, South Dakota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-05 Sunrise Medical

Malsch, Germany

Sunrise Medical is a developer, designer, manufacturer, and distributor of manual and powered wheelchairs, mobility scooters, and both standard and customized seating and positioning systems. Company key products, marketed under the Quickie, Zippie, Breezy, Sterling, JAY, Coopers and Lomax proprietary brands, are sold through a network of homecare medical product dealers or distributors in over 130 countries. Sunrise Medical was founded in 1983 and is based in Malsch, Germany.

Buy -
Mergr

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