M&A Deal Summary

Platinum Equity Acquires Ventora

On April 16, 2023, private equity firm Platinum Equity acquired building materials company Ventora from Jeld-Wen for 461M USD

Acquisition Highlights
  • This is Platinum Equity’s 6th transaction in the Building Materials sector.
  • This is Platinum Equity’s 22nd largest (disclosed) transaction.
  • This is Platinum Equity’s 3rd transaction in Australia.

M&A Deal Summary

Date 2023-04-16
Target Ventora
Sector Building Materials
Buyer(s) Platinum Equity
Sellers(s) Jeld-Wen
Deal Type Divestiture
Deal Value 461M USD

Target

Ventora

Macquarie Park, Australia
Ventora provides products and services to projects around the globe for residential, multi-residential, and commercial markets. Through its brands, the company provides windows, doors, architectural glass, showers, wardrobes, and other building products for customers and local communities. Its brands include Stegbar, Corinthian Doors, A&L Windows, Trend Windows, Aneeta Windows, Breezway, Regency, and William Russell Doors, along with architectural glass facilities. Ventora is based in Macquarie Park, New South Wales.

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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 50.0B 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 134 of 156
Sector: Building Materials M&A 6 of 7
Type: Divestiture M&A Deals 57 of 59
Country: Australia M&A 3 of 3
Year: 2023 M&A 3 of 6
Size (of disclosed) 22 of 31
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-03 Tarter Farm and Ranch Equipment

Dunnville, Kentucky, United States

Tarter Farm and Ranch Equipment manufacture animal gates and fencing solutions, tractor implements, planters and fire rings, and animal feeding and handling equipment for ranchers, large institutional farms, and smaller farming enthusiasts. Tarter Farm and Ranch Equipment was formed in 1945 and is based in Dunnville, Kentucky.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-23 Elevate Textiles

Greensboro, North Carolina, United States

Elevate Textiles is a global, diversified provider of textile solutions across performance & specialty apparel fabrics, advanced uniform fabrics, technical commercial fabrics and engineered automotive components. Elevate Textiles businesses include: Burlington, Cone Denim, Safety Components and Carlisle Finishing. Elevate Textiles is based in Greensboro, North Carolina.

Sell -

Seller(S) 1

SELLER

Jeld-Wen

Charlotte, North Carolina, United States

Category Company
Founded 1960
Sector Building Materials
Employees16,000
Revenue 3.8B USD (2024)
DESCRIPTION

Jeld-Wen is a designer, producer and distributor of interior and exterior doors, wood, vinyl and aluminum windows and related products for use in the new construction and repair and remodeling of residential homes and non-residential buildings. Jeld-Wen was founded in 1960 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 1 of 2
Sector: Building Materials M&A 1 of 2
Type: Divestiture M&A Deals 1 of 2
Country: Australia M&A 1 of 1
Year: 2023 M&A 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-04 VPI Quality Windows

Spokane, Washington, United States

VPI Quality Windows, Inc. is a vinyl window manufacturer specializing in customized solutions for mid-rise multi-family, institutional, hospitality and commercial projects, primarily in the western United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-16 Towanda

Pennsylvania, United States

Towanda is a provider of building materials.

Sell $115M