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.

379 Views

MegaPath to sell Wholesale business to Pivotal Group

MegaPath Corp., which is backed by Platinum Equity, said Monday that it has agreed to sell its Wholesale business and national colocation aggregation network to Pivotal Group. Financial terms were not announced. Pivotal plans to merge the MegaPath assets with its portfolio company, Global Capacity. Pleasonton, Calif.-based MegaPath provides managed voice, data, security and cloud services in North America. Bank Street provided financial advice to MegaPath. Phoenix-based Pivotal is a diversified investment company focuses on private equity and real estate.

221 Views

Expert Global Solutions to sell segments of ARM business to Platinum Equity

Expert Global Solutions said Monday that it has agreed to sell “certain segments” of its accounts receivable management business to Platinum Equity. No financial terms were disclosed for the transaction, which is expected to close in the next several months. Credit Suisse Securities provided financial advice to EGS. Once the deal is completed, the business will run as Transworld Systems Inc. 

307 Views

Audax buys Wheel Pros from Platinum Equity

Platinum Equity has sold Wheel Pros to Audax Private Equity. No financial terms were disclosed. William Blair provided financial advice to Platinum Equity on the transaction. Wheel Pros is a maker of high-performance wheels and tires.

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