Platinum Equity Acquires Controlling Stake in Mad Engine

Platinum Equity/Mad Engine Acquires Controlling Stake in Fifth Sun

November 17, 2021

Consumer Products

Platinum Equity, through its portfolio company Mad Engine, agreed to acquire a controlling/majority stake in Fifth Sun, a Northern California–based designer and print-on-demand apparel manufacturer. The deal positions Mad Engine to integrate Fifth Sun's proprietary software-driven supply chain and expand print-on-demand capacity (including a new Hebron, KY facility), while founder Dan Gonzales retains a meaningful equity stake and will serve as a senior strategy advisor.

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 Co-Controlling Stake in US LBM from Bain Capital

October 16, 2023

Building Products

Platinum Equity has signed a definitive agreement to acquire a co-controlling stake in US LBM from existing investor Bain Capital Private Equity, with Bain and Platinum holding equal ownership and joint board governance. US LBM will remain led by founder and CEO L.T. Gibson and will continue pursuing national expansion and strategic acquisitions to grow its specialty building materials distribution platform; financial terms were not disclosed.

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.

Platinum Equity Acquires Controlling Stake in SVP Worldwide

August 2, 2021

Manufacturing

Platinum Equity acquired a controlling stake in SVP-Singer Holdings, Inc. (SVP Worldwide), the world’s largest consumer sewing machine company, in a transaction completed in August 2021. SVP Worldwide, headquartered in Nashville, Tennessee and owner of the SINGER, VIKING and PFAFF brands, will continue to be led by CEO Carl-Martin Lindahl and Executive Chairman Stan Rosenzweig while existing shareholders and management retain a meaningful equity interest; Platinum Equity intends to support product innovation, operational transformation and potential add-on growth.

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.