133 Views

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.

176 Views

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.

311 Views

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.

608 Views

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.

merger
216 Views

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.

209 Views

TenCate sells Enbi to Platinum Equity

Platinum Equity has agreed to buy Enbi from TenCate. No financial terms were disclosed for the transaction, which is expected to be completed during the first half of this year. Enbi is a provider of paper transport, fusing and image transfer rollers for the office equipment market.

201 Views

Platinum Equity to sell Fishing Holdings to Bass Pro Group

Platinum Equity has agreed to sell Fishing Holdings to Bass Pro Group. No financial terms were disclosed. Harris Williams advised Fishing Holdings on the transaction. Based in Flippin, Arkansas, Fishing Holdings is a maker of the Ranger Boats, Stratos and Triton fishing boat brands.

293 Views

Platinum Equity completes MACtac acquisition

Platinum Equity has closed its buy of MACtac from Bemis Company. No financial terms were disclosed. Goldman Sachs provided financial advice to Bemis Company. MacTac is a pressure sensitive labels maker.

242 Views

Platinum Equity closes buy of segments of ARM business from EGS

Platinum Equity has completed the acquisition of “certain segments” of Expert Global Solutions‘ accounts receivable management business. No financial terms were disclosed. Those segments have been consolidated and will now operate as Transworld Systems. And, Tim Galloway has been named president of Transworld Systems.

1016 Views

Goldman, Rhône Capital buy Neovia Logistics

Platinum Equity said Monday it sold Neovia Logistics to Goldman Sachs and Rhône Capital. Financial terms weren’t announced. Neovia Logistics provides warehouse management and fulfillment services, distribution solutions and logistics services. Platinum Equity acquired 65 percent of the business, formerly Caterpillar Logistics Services, in July 2012 while Caterpillar retained a 35 percent stake. Macquarie Capital and UBS served as financial advisors to Platinum Equity. Goldman Sachs and Deutsche Bank Securities acted as financial advisors to the buyer.

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