Platinum Equity to Acquire XD Connects

Xplor Technologies and Clubessential Holdings to Merge, Creating a Scaled Global Software and Payments Platform

September 16, 2025

Cloud & SaaS

Xplor Technologies and Clubessential Holdings entered into a definitive agreement to combine their businesses in a merger creating a scaled global platform for software and embedded payments. The combined organization is expected to be majority-backed by Advent International, with Battery Ventures and Silver Lake continuing as significant minority investors, and is expected to close by year-end subject to regulatory approval.

Platinum Equity Acquires Petmate

September 15, 2021

Consumer Products

Platinum Equity has acquired Petmate, a longtime Arlington, Texas-based manufacturer and marketer of pet products, from Olympus Partners. Platinum Equity plans to support Petmate's organic growth and pursue additional M&A to broaden the company's product portfolio and accelerate expansion in e-commerce and retail channels; financial terms were not disclosed.

Schneider Electric Acquires EV Connect

June 21, 2022

Energy

Schneider Electric has acquired EV Connect, an El Segundo, California-based provider of an open EV charging platform, to accelerate its eMobility strategy and expand its digital energy offerings. EV Connect will operate as a distinct subsidiary led by CEO and founder Jordan Ramer, while Schneider aims to strengthen its presence in EV charging infrastructure and services.

Platinum Equity Acquires Czarnowski Collective

January 20, 2026

Marketing & Advertising

Platinum Equity has acquired Czarnowski Collective, a Chicago-based experiential marketing and event production firm, from CEO Mark Nagle and the Nagle family. The deal includes a leadership transition (Jim Milanowski to become CEO) and signals Platinum’s intent to invest in systems, expand footprint and pursue strategic add-ons while preserving the company’s culture.

Platinum Equity Acquires Healthcare Distributor NDC From Court Square Capital Partners

March 8, 2021

Healthcare Services

Platinum Equity has acquired NDC, a Nashville-based healthcare supply chain company and master distributor of consumable medical supplies, from an affiliate of Court Square Capital Partners. NDC, which offers roughly 53,000 SKUs from more than 400 manufacturers and serves primary care, acute care, dental, long-term care and homecare end markets, will continue to be led by CEO Mark Seitz under Platinum's ownership as the firm seeks to grow the platform organically and via additional partnerships or M&A.

Platinum Equity Acquires Horizon Organic and Wallaby from Danone

January 1, 2024

Food & Beverage

Platinum Equity has signed and completed an agreement to acquire a majority interest in Danone's Horizon Organic and Wallaby brands, a carve-out intended to operate the brands as a standalone business. The transaction transfers ownership from Danone to Platinum Equity, positioning the organic dairy brands to benefit from Platinum's carve-out and operational expertise and to pursue growth and product innovation.