Investment Summary

Platinum Equity Invests In MARS

On July 17, 2024, private equity firm Platinum Equity invested in electrical equipment company MARS

Investment Highlights
  • This is Platinum Equity’s 3rd transaction in the Electrical Equipment sector.
  • This is Platinum Equity’s 113th transaction in the United States.
  • This is Platinum Equity’s 4th transaction in New York.

Investment Summary
Date 2024-07-17
Target MARS
Sector Electrical Equipment
Investor(s) Platinum Equity
Deal Type Growth Capital
Advisor(s) Rivkin Radler (Legal)

Target

MARS

Hauppauge, New York, United States
MARS is a distributor of HVAC/R parts to authorized wholesalers and manufacturers in the United States and internationally. MARS was founded in 1946 and is based in Hauppauge, New York.

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Investor(S) 1

Investor

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 143 of 150
Sector (Electrical Equipment) 3 of 3
Type (Growth Capital) 3 of 4
State (New York) 4 of 4
Country (United States) 113 of 118
Year (2024) 6 of 13
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-23 GSM Outdoors

Irving, Texas, United States

GSM Outdoors specializes in developing and marketing innovative products for the hunting, sport shooting, and rugged outdoor enthusiast market. GSM owns 20+ industry-leading brands including stealth cam, walker’s, muddy outdoors, birchwood casey, hawk, cyclops, western rivers, american hunter, HME, and SME among others. GSM’s strong focus on innovation, product development, rigorous quality control, and customer support has earned it a reputation for delivering top quality outdoor gear backed by industry-leading customer service. GSM Outdoors was founded in 1999 and is based in Irving, Texas.

Buy -
Mergr

Product

Company

Legal