M&A Deal Summary

Platinum Equity Acquires Paramount Global

On July 7, 2021, private equity firm Platinum Equity acquired building materials company Paramount Global from Linsalata Capital Partners

Acquisition Highlights
  • This is Platinum Equity’s 6th transaction in the Building Materials sector.
  • This is Platinum Equity’s 100th transaction in the United States.
  • This is Platinum Equity’s 15th transaction in California.

M&A Deal Summary

Date 2021-07-07
Target Paramount Global
Sector Building Materials
Buyer(s) Platinum Equity
Sellers(s) Linsalata Capital Partners
Deal Type Secondary Buyout
Advisor(s) Moelis & Co. (Financial)
Calfee, Halter & Griswold (Legal)

Target

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.

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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 124 of 148
Sector (Building Materials) 6 of 8
Type (Secondary Buyout) 29 of 41
State (California) 15 of 17
Country (United States) 100 of 116
Year (2021) 10 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-06 Solenis

Wilmington, Delaware, United States

Solenis is a global manufacturer of specialty chemicals for pulp, paper, oil and gas, chemical processing, mining, biorefining, power, and municipal markets. Solenis was founded in 2014 and is based in Wilmington, Delaware.

Buy $5.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-14 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.

Buy -

Seller(S) 1

SELLER

Linsalata Capital Partners

Mayfield Heights, Ohio, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Linsalata Capital Partners is a middle-market buyout firm that targets equity investments in businesses operating in a broad range of industries. Linsalata looks to invest $15 to $50 million in businesses generating at least $5 million in EBITDA. The Firm will consider transactions valued up to $300 million. Target sectors include automotive aftermarket products, building products, business services, aerospace, commercial durables, consumer packaged goods, contract manufacturing services, direct marketing, education, ethnic products, food and beverage, food service equipment, health and safety products, healthcare services and outsourcing, hobby/crafts, home furnishing, home improvement products, industrial products, infastructure products, leisure/recreation, logistics, medical devices and diagnostics, niche apparel, outdoor/garden living, packaging, personal services, pet products and services, and plastics. Linsalata Capital was formed in 1984 and is based in Mayfield Heights, Ohio.


DEAL STATS #
Overall 41 of 41
Sector (Building Materials) 7 of 7
Type (Secondary Buyout) 17 of 17
State (California) 1 of 1
Country (United States) 41 of 41
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-08 Home Helpers

Blue Ash, Ohio, United States

Home Helpers is focused on personal and companion care serving the senior market, but also provides in-home care services for new and expectant mothers, individuals undergoing rehabilitation, post-surgical patients, and individuals suffering from long-term disabilities. Home Helpers was founded in 1997 and is based in Blue Ash, Ohio.

Sell -