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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