M&A Deal Summary

Platinum Equity Acquires NDC

On March 8, 2021, private equity firm Platinum Equity acquired distribution company NDC from Court Square Capital Partners

Acquisition Highlights
  • This is Platinum Equity’s 10th transaction in the Distribution sector.
  • This is Platinum Equity’s 93rd transaction in the United States.
  • This is Platinum Equity’s 2nd transaction in Tennessee.

M&A Deal Summary
Date 2021-03-08
Target NDC
Sector Distribution
Buyer(s) Platinum Equity
Sellers(s) Court Square Capital Partners
Deal Type Secondary Buyout

Target

NDC

Nashville, Tennessee, United States
NDC is a distributor of medical supplies to the healthcare industry. The company operates as a master distributor, purchasing medical supplies directly from manufacturers and providing a broad product line to local, regional, and national distributors who handle the last mile delivery direct to health care providers.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 116 of 150
Sector (Distribution) 10 of 12
Type (Secondary Buyout) 24 of 41
State (Tennessee) 2 of 3
Country (United States) 93 of 118
Year (2021) 2 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-01 Sensis Pty

Melbourne, Australia

Sensis is a print and online directory and digital advertising services provider in Australia. The company is organized into three distinct business segments: White Pages, Yellow Pages, and Digital Partnership and Innovation.

Sell $200M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-05 Cabinetworks Group

Livonia, Michigan, United States

Cabinetworks Group is a manufacturer of kitchen and bath cabinets, offering a highly-diverse product portfolio of framed and frameless cabinetry that spans the continuum from value-priced options to nearly custom. The Company serves both the R&R and new construction markets through dealers, distributors, home builders, and home centers. Through its manufacturing facilities and service centers strategically located through the United States, Cabinetworks delivers iconic brands including Advanta®, Cabinets 2000, Cardell®, Design-Craft®, Echelon®, KraftMaid®, Master WoodCraft™, MasterCraft™, Medallion®, Merillat®, Modico™, QualityCabinets™, Schuler®, Serenade™, Smart®, Studio Full Access™, and Yorktowne®. Cabinetworks Group is based in Livonia, Michigan.

Buy -

Seller(S) 1

SELLER

Court Square Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1968
PE ASSETS 7.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Court Square Capital Partners (CSCP) is a generalist private equity firm that seeks middle market company investments across the US. CSCP looks to partner with management teams to accelerate revenue growth and improve operating efficiency. Sectors of interest include business services, building products, chemicals, consumer products, food products/services, healthcare, aerospace/defense, manufacturing, media, technology, telecommunications, and transportation. Court Square Capital Partners was formerly known as Citigroup Venture Capital Equity Partners. The Group spun out of Citigroup and became independent in 2006. CSCP is based in New York City.

DEAL STATS #
Overall 49 of 56
Sector (Distribution) 3 of 4
Type (Secondary Buyout) 14 of 18
State (Tennessee) 3 of 3
Country (United States) 46 of 53
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-11 MsPark

Helena, Alabama, United States

MsPark is a provider of shared mail marketing programs in the rural and suburban U.S. MailSouth delivers monthly shared mail advertising packages to approximately 17 million households in over two hundred predominantly southern and mid-western rural and suburban markets. MsPark was established in 1988 and is based in Helena, Alabama.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-19 Connatix

New York, New York, United States

Connatix is dedicated to helping publishers and advertisers deliver premium video experiences. The end-to-end platform features the leading online video player, turn-key monetization formats, and an integrated ad server and exchange that were purpose-built for video. Additionally, the company has leveraged AI and automation technologies to build product offerings, including first-to-market contextual targeting and insights solutions and the recently unveiled Marketplace, a rich content library filled with dynamically updated videos that are created by Connatix for publishers. Connatix was formed in 2014 and is based in New York City.

Buy -
Mergr

Product

Company

Legal