Platinum Equity Acquires Petmate

Platinum Equity-backed Petmate Acquires Cosmic Pet from Guardian Capital Partners

November 2, 2021

Consumer Products

Platinum Equity (through its portfolio company Petmate) has acquired Cosmic Pet, a Wichita, Kansas-based designer, marketer and distributor of pet hard goods, toys, chews and treats. Cosmic Pet will be combined with Petmate to create a larger pet-products platform; financial terms were not disclosed and Guardian Capital Partners was the seller.

Ethos Partners Completes Buyout of Pet Mate

April 12, 2024

Consumer Products

Ethos Partners has completed a buyout of UK-based Pet Mate, the designer, manufacturer and distributor of pet products (brands include Cat Mate, Dog Mate and Fish Mate). Ethos and its HNW investor base provided equity while Shawbrook Financial Sponsors provided senior debt; the deal aims to support product innovation and domestic and international expansion under CEO Andrew Lane.

Platinum Equity Acquires Pelican Products

December 31, 2021

Manufacturing

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.

Zoetis Acquires Platinum Performance

August 14, 2019

Veterinary

Zoetis Inc. has completed the acquisition of Platinum Performance, a privately held, nutrition-focused animal health company based in Buellton, California. Platinum Performance will operate as a wholly owned subsidiary of Zoetis and continue to be led by Mark Herthel from its Buellton headquarters; financial terms were not disclosed.

Petmate Acquires Gen7Pets

November 16, 2018

Consumer Products

Petmate, a leading pet products manufacturer based in Arlington, Texas, announced the acquisition of Gen7Pets, a maker of pet strollers, travel carriers and ramps founded in 2012. The deal expands Petmate's product portfolio in pet travel and safety accessories and will bring Gen7Pets management and IP into Petmate's Arlington headquarters during integration.

Platinum Equity Acquires McGraw Hill for $4.5 Billion

August 2, 2021

Education

Platinum Equity completed the acquisition of McGraw Hill from funds managed by Apollo Global Management for approximately $4.5 billion. McGraw Hill, a 130+ year global education company headquartered in New York, generates the majority of its revenue from digital products and will continue to be led by CEO Simon Allen under Platinum's ownership as the firm invests to accelerate digital growth and pursue strategic expansion.