Platinum Equity Acquires Pelican Products
December 31, 2021
Platinum Equity has completed its acquisition of Pelican Products, a Torrance, California-based manufacturer of high-performance protective cases, portable lighting systems and temperature-controlled packaging (Peli BioThermal). The deal, purchased from Behrman Capital, positions Pelican as a platform for growth under Platinum Equity with management, led by CEO Phil Gyori, remaining in place; financial terms were not disclosed.
- Buyers
- Platinum Equity
- Targets
- Pelican Products, Inc.
- Sellers
- Behrman Capital
- Industry
- Manufacturing
- Location
- California, United States
- Transaction Type
- Buyout
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