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  6. Platinum Equity Invests In TAK Communications

Investment Summary

Platinum Equity Invests In TAK Communications

On March 22, 2024, private equity firm Platinum Equity invested in communications company TAK Communications

Investment Highlights
  • This is Platinum Equity’s 6th transaction in the Communications sector.
  • This is Platinum Equity’s 111th transaction in the United States.
  • This is Platinum Equity’s 1st transaction in South Dakota.

Investment Summary
Date 2024-03-22
Target TAK Communications
Sector Communications
Investor(s) Platinum Equity
Deal Type Growth Capital

Target

TAK Communications

Sioux Falls, South Dakota, United States
TAK Communications is a telecommunications and broadband service provider that offers full value chain communications services and solutions to its customers across the US, from project management, engineering, and construction to drops, fulfillment, and door-to-door sales. TAK Communications is based in Sioux Falls, South Dakota.

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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 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 140 of 156
Sector: Communications M&A 6 of 7
Type: Growth Capital M&A Deals 2 of 5
State: South Dakota M&A 1 of 1
Country: United States M&A 111 of 121
Year: 2024 M&A 3 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-20 Petmate

Arlington, Texas, United States

Petmate is a supplier of a wide variety of non-food pet products to retailers. The Company’s diverse product line includes crates and carriers, outdoor shelters, feeding and watering, and a wide selection of innovative toys. Petmate reaches customers through a multi-channel approach which includes big box pet retailers, mass merchandisers, major e-commerce retailers, farm and ag stores, and specialty pet stores. Petmate was founded in 1959 and is based in Arlington, Texas.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-29 Momentec Brands

Charlotte, North Carolina, United States

Momentec Brands is a designer, manufacturer, and marketer of customizable high-performance uniforms, training apparel, and fanwear for teams, coaches, athletes, and fans. Momentec Brands is based in Charlotte, North Carolina.

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