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 112th 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 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 141 of 148
Sector (Communications) 6 of 6
Type (Growth Capital) 2 of 3
State (South Dakota) 1 of 1
Country (United States) 112 of 116
Year (2024) 4 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-04 Yak Access

Columbia, Mississippi, United States

Yak Access provides temporary roadway solutions to remote construction sites, primarily serving the oil and gas pipeline and powerline sectors in the United States. The company comprises three related businesses – Yak Mat, New South Access and Environmental Solutions, and BluRoc – offering a full suite of solutions, including hardwood mats, temporary and permanent access roads, site evaluation, design and installation of access plans, and mat removal. Yak Access was founded in 2016 and is based in Columbia, Maryland.

Sell $1.1B
FOLLOWING 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.

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