Platinum Equity Invests in HVAC/R Distributor Global, The Source (Joins with MARS)

Platinum Equity Invests in Motors & Armatures (MARS)

July 17, 2024

Building Products

Platinum Equity has made a significant investment in Motors & Armatures, Inc. (MARS), a 75-year-old HVAC/R parts and equipment distributor headquartered in Hauppauge, New York. The Chernoff family and company management retain a significant ownership stake and CEO Eddie Chernoff will remain in place; Platinum Equity said it will support MARS' growth initiatives, new product introductions and pursue add-on acquisitions.

Platinum Equity Acquires ASP Global

August 6, 2024

Healthcare Services

Platinum Equity has acquired ASP Global, an Atlanta-based developer, sourcer and distributor of consumable medical products for healthcare providers and distributors, from Incline Equity Partners. Financial terms were not disclosed; ASP Global CEO Doug Shaver will remain in place as Platinum Equity commits capital and M&A/operational resources to support the company’s continued growth and expansion.

American Refrigeration Company (ARC) Acquires Global Mechanical

November 10, 2021

HVAC & Mechanical

American Refrigeration Company (ARC), a Southfield Capital-backed HVAC and refrigeration platform, has acquired Global Mechanical, a Newburyport, Massachusetts-based regional provider of commercial refrigeration and HVAC design, installation, and service. The deal expands ARC’s commercial refrigeration and HVAC capabilities across New England; Deerpath Capital Management provided debt financing.

Palladium Equity Partners Acquires Majority Stake in Source Logistics

November 2, 2023

Logistics & Distribution

Palladium Equity Partners has acquired a majority stake in Source Logistics, a City of Industry, California-based 3PL provider serving Hispanic food & beverage and consumer goods brands. Palladium will invest alongside the company's founders, who will remain in leadership, and plans to support growth through organic investment and add-on M&A while leveraging Source Logistics’ 12 facilities and more than 2.3 million square feet across four states.

Platinum Equity Acquires Majority Interest in Kohler Energy from Kohler Co.

November 6, 2023

Energy

Platinum Equity has closed the transaction to acquire a majority interest in Kohler Energy from Kohler Co., establishing Kohler Energy as an independent, standalone business. Kohler Co. remains an investment partner, Brian Melka will serve as CEO and David Kohler will sit on the board; financial terms were not disclosed. Platinum Equity said it will invest in growth and operational initiatives to accelerate Kohler Energy's position in the global energy resilience market.

PremiStar Acquires Mercury Mechanical

February 15, 2024

HVAC & Mechanical

PremiStar, a PE-backed commercial HVAC, plumbing and building automation platform, has acquired Mercury Mechanical, a full-service HVAC, sheet metal and piping contractor based in Northlake, Illinois. The acquisition expands PremiStar’s footprint in the Chicagoland area, Illinois and southern Wisconsin and brings Mercury Mechanical’s commercial, industrial and healthcare customers into PremiStar’s platform.