Platinum Equity-backed Hop Lun Acquires P.H. Garment

Platinum Equity Acquires Majority Interest in Hop Lun

June 20, 2022

Manufacturing

Platinum Equity has acquired a controlling stake in Hong Kong-headquartered lingerie and swimwear manufacturer Hop Lun from founder Erik Ryd, who retained a significant ownership stake. The transaction, led by Platinum's Singapore investment team, positions Hop Lun — a global designer and manufacturer employing over 30,000 with production in Bangladesh, China, Ethiopia and Indonesia — for accelerated organic growth, strategic M&A and sustainability initiatives. Financial terms were not disclosed.

Hop Lun (Platinum Equity portfolio company) Acquires RW Designs (Rainbow West Apparel)

December 18, 2023

Manufacturing

Hop Lun, a Platinum Equity portfolio company and global designer/manufacturer of intimate apparel and swimwear, has acquired Rainbow West Apparel (RW Designs), a Los Angeles–based woman- and minority-owned private-label swimwear design house. The acquisition expands Hop Lun's U.S. sample, design and private-label capabilities and is an add-on to the Hop Lun platform to better serve retail partners with shorter lead times and greater flexibility.

Platinum Equity Acquires Augusta Sportswear Brands and Founder Sport Group

January 9, 2024

Consumer Products

Platinum Equity has acquired Augusta Sportswear Brands and Founder Sport Group, two U.S.-based suppliers of team uniforms, performance apparel and fanwear serving youth and recreational sports markets. The private transactions (terms undisclosed) will combine the complementary brand portfolios and capabilities to expand product offerings, improve supply-chain efficiency and accelerate customization technologies like sublimation printing.

Platinum Equity Acquires The HC Companies

August 3, 2023

Manufacturing

Platinum Equity has completed the acquisition of The HC Companies, a North American manufacturer of horticultural containers headquartered in Twinsburg, Ohio. Platinum Equity plans to invest in growth and operations, using HC as a platform for organic expansion and add-on acquisitions across adjacent product categories and geographies.

Platinum Equity/Mad Engine Acquires Controlling Stake in Fifth Sun

November 17, 2021

Consumer Products

Platinum Equity, through its portfolio company Mad Engine, agreed to acquire a controlling/majority stake in Fifth Sun, a Northern California–based designer and print-on-demand apparel manufacturer. The deal positions Mad Engine to integrate Fifth Sun's proprietary software-driven supply chain and expand print-on-demand capacity (including a new Hebron, KY facility), while founder Dan Gonzales retains a meaningful equity stake and will serve as a senior strategy advisor.

Platinum Equity Acquires Co-Controlling Stake in US LBM from Bain Capital

October 16, 2023

Building Products

Platinum Equity has signed a definitive agreement to acquire a co-controlling stake in US LBM from existing investor Bain Capital Private Equity, with Bain and Platinum holding equal ownership and joint board governance. US LBM will remain led by founder and CEO L.T. Gibson and will continue pursuing national expansion and strategic acquisitions to grow its specialty building materials distribution platform; financial terms were not disclosed.