Platinum Equity Acquires Pro-Mark (Orbit Irrigation and Hydro-Rain)
February 6, 2019
Platinum Equity has acquired Pro-Mark, the parent company of Orbit Irrigation and Hydro-Rain, from affiliates of the founding Ericksen family; financial terms were not disclosed. The firm said it will apply its financial, operational and M&A resources to accelerate growth, deploy operational best practices and invest in product and technology development while Orbit's CEO Stuart Eyring will remain in place.
- Buyers
- Platinum Equity
- Targets
- Pro-Mark (parent of Orbit Irrigation and Hydro-Rain), Orbit Irrigation, Hydro-Rain
- Sellers
- Affiliates of the company's founders, Max Ericksen, Greg Ericksen, Mike Ericksen, Steven Ericksen
- Industry
- Building Products
- Location
- Utah, United States
- Transaction Type
- Buyout
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