Platinum Equity closes World Flight Services buy

Platinum Equity said Thursday that it has completed its buy of Worldwide Flight Services from LBO France. Financial terms weren’t announced. World Flight Services is a cargo handler and provider of ground handling and technical services.


HKW exits Crane Rental Corp

Maxim Crane Works, a portfolio company of Platinum Equity, has acquired Crane Rental Corp, an Orlando, Florida-based crane rental, hauling, and rigging company. The seller was Hammond, Kennedy, Whitney & Company. No financial terms were disclosed. TM Capital provided financial advice to HKW on the transaction.


Platinum Equity acquires PrimeSource

Platinum Equity has closed its buy of PrimeSource Building Products Inc from ITOCHU Corporation. No financial terms were disclosed. Based in Irving, Texas, PrimeSource is a provider of construction fasteners.


Platinum Equity completes PrimeSource buy

Platinum Equity said Monday it closed its buy of PrimeSource Building Products Inc. from ITOCHU Corp. Financial terms weren’t announced. Irving, Texas-based PrimeSource distributes construction fasteners and non-lumber building products in North America.


Platinum Equity exits Bridge Terminal Transport

Platinum Equity said Monday it agreed to sell Bridge Terminal Transport Services Inc. to XPO Logistics Inc. Financial terms weren’t announced. Charlotte, North Carolina-based Bridge Transport is a marine drayage company. Platinum acquired Bridge Transport in September 2013.


Platinum Equity acquires Ying Shing Enterprises

Platinum Equity said Monday it has bought Ying Shing Enterprises Ltd. from the company’s founder and President Jian Ying Chen. Financial terms weren’t announced. Chen will retain a minority stake and stay on with the company. Ying Shing Enterprises, of Hong Kong, makes customized precision-engineered plastic injection molded and metal stamping component.


Platinum Equity to buy Worldwide Flight Services

LBO France said Monday it agreed to sell Worldwide Flight Services to Platinum Equity. Financial terms weren’t announced. Worldwide Flight provides ground handling and technical services at more than 140 major airports in more than 22 countries.


Platinum Equity closes Ten Cate Enbi buy

Platinum Equity said Friday it completed its buy of Ten Cate Enbi. Financial terms weren’t announced. The deal was announced in January. Royal Ten Cate was the seller. Enbi is a provider of paper transport, fusing and image transfer rollers for the office equipment market.


Platinum Equity to buy PrimeSource Building

Platinum Equity has agreed to buy PrimeSource Building Products Inc. from Itochu Corp. said. Financial terms weren’t announced. Dallas-based PrimeSource is a North America buildings material distributor. J.P. Morgan served as exclusive financial advisor to Itochu.


Platinum closes sale of Neovia Logistics

Platinum Equity said Tuesday that its sale of Neovia Logistics to Goldman Sachs and Rhône Capital L.L.C has been completed. Financial terms of the transaction were not disclosed. Neovia Logistics provides spare parts logistics, warehouse management and fulfillment services and distribution solutions. Macquarie Capital and UBS served as financial advisors to Platinum Equity while Goldman Sachs and Deutsche Bank Securities advised the buyers.


Platinum Equity closes Fishing Holdings

Platinum Equity said Tuesday that it closed its sale of Fishing Holdings, maker of the Ranger Boats, Stratos and Triton fishing boat brands, to Bass Pro Group LLC. Financial terms weren’t announced. Harris Williams & Co. advised Fishing Holdings.


PE-owned BlueLine Rental to acquire Trico

BlueLine Rental, which is owned by Platinum Equity, has agreed to buy Trico Equipment Inc. No financial terms were disclosed. Trico is a rental company that specializes in aerial lift equipment.


CenterGate Capital adds Liu as a principal

Austin, Texas-based lower middle market private equity firm CenterGate Capital has recruited Tim Liu as a principal for its investment team. Previously, Liu worked at Platinum Equity where he served as a vice president.


Exterion Media hires bank to explore options: Reuters

Exterion Media Group, the European outdoor advertising company owned by private equity firm Platinum Equity LLC, is exploring strategic alternatives, including a major acquisition, according to people familiar with the matter.

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