M&A Deal Summary

Platinum Equity Acquires Oregon Tool

On July 14, 2021, private equity firm Platinum Equity acquired machinery company Oregon Tool from American Securities

Acquisition Highlights
  • This is Platinum Equity’s 5th transaction in the Machinery sector.
  • This is Platinum Equity’s 101st transaction in the United States.
  • This is Platinum Equity’s 1st transaction in Oregon.

M&A Deal Summary
Date 2021-07-14
Target Oregon Tool
Sector Machinery
Buyer(s) Platinum Equity
Sellers(s) American Securities
Deal Type Secondary Buyout
Advisor(s) Robert W. Baird & Co., Inc.
Evercore Group (Financial)
Kirkland & Ellis (Legal)

Target

Oregon Tool

Portland, Oregon, United States
Oregon Tool is a manufacturer of saw chain and guide bars for chainsaws, and a leading manufacturer of lawnmower blades, agricultural tractor attachments, and a broad range of other products used by professionals and consumers in the forestry, lawn, and garden, and agricultural end markets. Oregon Tool was founded in 1946 and is based in Portland, Oregon.

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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 125 of 148
Sector (Machinery) 5 of 5
Type (Secondary Buyout) 30 of 41
State (Oregon) 1 of 1
Country (United States) 101 of 116
Year (2021) 11 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-07 Paramount Global

La Mirada, California, United States

Paramount Global is a developer, importer, and distributor of premium, proprietary porcelain tile and other hard surface floor coverings used primarily in remodel and replacement solutions by both residential and commercial end-users. Paramount Global is based in La Mirada, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-19 Unical Aviation

City of Industry, California, United States

Unical Aviation is a provider of aircraft parts and components to the global commercial aerospace market. The company sources, re-certifies and resells aircraft parts to commercial airlines, cargo operators, aircraft lessors, and aviation maintenance, repair, and overhaul (MRO) businesses. Unical Aviation was founded in 1990 and is based in the City of Industry, California.

Buy -

Seller(S) 1

SELLER

American Securities

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Securities is a large private equity firm that typically partners with management when pursuing company acquisitions. American Securities typically targets US-based companies and generally seeks to commit $300 to $700 million per transaction. Areas of interest include consumer products, restaurants, healthcare, industrial, aerospace, defense, agriculture, environmental, paper/packaging, energy, and specialty chemicals. The Firm was originally formed in 1947 as the family office for William Rosenwald, an heir to the Sears Roebuck & Company, and began accepting outside investors in 1994. American Securities is headquartered in New York City.

DEAL STATS #
Overall 44 of 51
Sector (Machinery) 2 of 2
Type (Secondary Buyout) 17 of 20
State (Oregon) 1 of 1
Country (United States) 43 of 50
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-04 CS Energy

Edison, New Jersey, United States

CS Energy engages in the solar and energy storage sectors, having constructed over 1 GW of solar projects and 300 MWh of energy storage projects throughout the United States and in select international markets. CS Energy was founded in 1906 and is based in Edison, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-19 Henry

El Segundo, California, United States

Henry is a manufacturer of roofing and roof maintenance products. Henry also manufactures complete lines of driveways coatings, commercial specialty products, and building envelope systems. Henry professionals offer designers, contractors, and building owners a combination of technical experience and a commitment to provide quality products. Henry was founded in 1981 and is based in El Segundo, California.

Sell $1.6B
Mergr

Product

Company

Legal