Global private equity firm with large cap and small cap buyout funds

Platinum Equity

At a glance

Assets under management$48B (as of Oct 2026) S1
Latest fundPlatinum Equity Small Cap Fund II, $2.3B (Sep 2025) S5
Deal typesPlatform, Add-on S3
GeographyNorth America, Europe, Asia Pacific S4
SectorsIndustrial & Manufacturing, Distribution, Consumer & Food, Construction Services, Software & SaaS, Education

What Platinum Equity buys

Platinum Equity is a Beverly Hills, California firm founded by Tom Gores in 1995. It manages about $48 billion, owns roughly 60 companies and has completed more than 550 acquisitions. It buys control of businesses in almost any industry, with a lean toward manufacturing, distribution, equipment rental, technology and media, and it is comfortable with complicated deals such as corporate carve-outs, take-privates and companies that need an operational turnaround. Its in-house operations staff, the core of what it calls M&A&O, works inside each business after closing.

The flagship funds, including the $12.4 billion Fund VI closed in 2024, buy large companies. Smaller owners should look at the Small Cap team, which closed its $2.28 billion Small Cap Fund II in September 2025. That team targets companies with up to $650 million of revenue and up to $50 million of EBITDA in any industry, and it favors founder and family sellers and corporate divisions. Its 2026 buys include Norton Packaging, Tongrun International, Czarnowski Collective, Infratech and LMPG. Platinum's companies also make add-ons, as R&B Wholesale Distributors and PlayPower did in 2026.

Recent deals

Announced in the 24 months before October 22, 2026.

DateCompanyTypeSectorSource
Sep 2026UrbaserCompleted the roughly $6.6 billion sale of the Madrid-based environmental services group to Blackstone and EQT; Platinum kept the Argentina waste businessExitSource
Jul 2026Tangent TechnologiesCompleted purchase of the Aurora, Illinois maker of recycled synthetic lumber and decking materialsPlatformIndustrial & ManufacturingSource
Jul 2026LMPGSmall Cap investment in the Quebec lighting manufacturer; the founder and management roll equity and keep running itPlatformIndustrial & ManufacturingSource
Jul 2026Grand ApplianceFourth-generation family appliance retailer and distributor in the Midwest to join R&B Wholesale DistributorsAdd-onDistributionSource
Jun 2026Heat ControllerAgreement to sell the HVAC equipment supplier to Lennox, the last piece of the Motors & Armatures investmentExitDistributionSource
May 2026Unical AviationCompleted sale of the aircraft parts supplier to Satair, an Airbus companyExitDistributionSource
May 2026InfratechSmall Cap purchase of the infrared heater maker; the selling owner and the CEO kept equity and the CEO staysPlatformIndustrial & ManufacturingSource
Feb 2026BCI BurkeCommercial playground equipment maker to be added to PlayPowerAdd-onIndustrial & ManufacturingSource
Jan 2026Czarnowski CollectiveSmall Cap purchase of the Chicago trade show and event marketing firm from the founding familyPlatformSource
Jan 2026Tongrun InternationalSmall Cap investment in the Bonham, Texas sheet metal contract manufacturerPlatformIndustrial & ManufacturingSource
Jan 2026Norton PackagingSmall Cap investment in the Hayward, California maker of plastic pails, founded in 1901PlatformIndustrial & ManufacturingSource
Dec 2025Owens & Minor Products & Healthcare ServicesCompleted carve-out of the medical and surgical supply business; the seller kept a 5% stakePlatformDistributionSource
Dec 2025Maple Hill CreameryOrganic dairy brand added to Horizon Family BrandsAdd-onConsumer & FoodSource
Oct 2025PlayPowerCompleted purchase of the playground and outdoor recreation manufacturer from Littlejohn & Co.PlatformIndustrial & ManufacturingSource
Oct 2025AnuvuCompleted Small Cap purchase of the inflight entertainment and connectivity providerPlatformSource
Oct 2025FleetPride and TruckProTruckPro merged with FleetPride to form a heavy-duty truck parts and service company owned with American SecuritiesInvestmentDistributionSource
Oct 2025MARS PartsAgreement to sell the parts division of Motors & Armatures to CSW Industrials for $650 millionExitDistributionSource
Sep 2025Platinum Equity Small Cap Fund IIClosed with $2.28 billion against a $1.75 billion targetFund closeSource
Jun 2025NCH CorporationAgreement for Solenis to merge with the water and hygiene companyAdd-onIndustrial & ManufacturingSource
Feb 2025R&B Wholesale DistributorsSmall Cap investment in the Ontario, California appliance distributor founded in 1968PlatformDistributionSource

Portfolio by sector

From the firm's portfolio page S4.

Business Services

  • Solo Group

Consumer

  • Awaze
  • Biscuit International
  • Club Car
  • GSM Outdoors
  • Hop Lun
  • Horizon Organic
  • Iberconsa
  • Jostens
  • Momentec
  • Rise Baking Company
  • SVP Worldwide

Consumer / Industrials

  • Solenis

Healthcare

  • ASP Global
  • Inventia
  • NDC
  • Owens & Minor Products & Healthcare Services
  • Sunrise Medical

Industrials

  • BlueCrest
  • Cabinetworks
  • Calderys
  • CBX Solutions
  • Custom Truck One Source
  • Electro Rent
  • Héroux-Devtek
  • Oregon Tool
  • Pelican Products
  • PlayPower
  • Rehlko
  • Tangent Technologies
  • US LBM
  • VENTORA
  • Winc

Media & Telecom

  • McGraw Hill
  • Pistons Sports & Entertainment

Small Cap

  • Anuvu
  • Arrow International
  • Czarnowski Collective
  • De Wave Group Active, sale pending
  • Deluxe
  • E&A Scheer
  • Fantini Group
  • Fratelli Polli
  • Growscape (HC Companies)
  • Infratech
  • L&R Distributors
  • Leaders Romans Group
  • LMPG
  • Mad Engine
  • Norton Packaging
  • Paramount Global Surfaces
  • R&B Wholesale Distributors
  • TAK Broadband
  • Tarter Farm and Ranch Equipment
  • Tongrun International
  • WorldWinner

Technology

  • Centerfield
  • Cision
  • DCA Services
  • Ingram Micro

Greymont’s take

How Platinum Equity fits a seller

Platinum suits owners of manufacturing, distribution and industrial service businesses, including family companies and corporate divisions, that would benefit from hands-on operating help. Companies with up to $50 million of EBITDA fit its Small Cap fund, which announced three deals in two weeks in January 2026. Founders often keep a stake: Infratech's selling owner and its CEO kept equity, and LMPG's founder and management rolled theirs. Expect Platinum's operations staff to start on its improvement plan from the first day, often working on site for an extended period.

Platinum also moves fast on the sell side. It invested in Motors & Armatures in July 2024, sold the parts division in October 2025 and agreed to sell the last piece, Heat Controller, in June 2026. An owner who rolls equity should ask which fund is buying, what the operations team expects to change in the first year, whether management will stay, and how and when Platinum expects to exit.

Questions owners ask

Does Platinum Equity buy smaller companies?

Yes, through its Small Cap team, which closed the $2.28 billion Small Cap Fund II in September 2025. That team targets companies with up to $650 million of revenue and up to $50 million of EBITDA in any industry, and its 2026 deals include Norton Packaging, Tongrun International, Czarnowski Collective, Infratech and LMPG.

Does Platinum Equity buy family-owned businesses?

Yes. It bought Czarnowski Collective from the founding Nagle family in January 2026, and in July 2026 it agreed to invest in Grand Appliance, a fourth-generation family business, to combine it with R&B Wholesale Distributors. Its Small Cap page lists founder and family sellers first among its deal types.

What kinds of deals does Platinum Equity do?

It buys control and handles complicated situations: founder and family sales, corporate carve-outs such as the Owens & Minor Products & Healthcare Services business it bought in December 2025, private sales, take-privates and special situations. Its portfolio companies also make add-on acquisitions.

What happens after Platinum Equity buys a company?

Platinum's portfolio operations staff start carrying out the plan built during due diligence on the first day, usually with an extended on-site presence, and an operating council of Platinum and company leaders oversees the work. A dedicated sell-side team later looks for the exit, and Platinum sometimes sells a business in pieces, as it did with Motors & Armatures.

Sources

  1. S1Platinum Equity home page Accessed October 22, 2026
  2. S2Platinum Equity: About Us (founding, portfolio size, office list) Accessed October 22, 2026
  3. S3Platinum Equity: Small Cap (target acquisition profile and Small Cap fund investments) Accessed October 22, 2026
  4. S4Platinum Equity: Our Companies (portfolio directory and individual company pages) Accessed October 22, 2026
  5. S5Platinum Equity Completes Capital Raising for Small Cap Fund II (September 5, 2025) Accessed October 22, 2026
  6. S6Platinum Equity's 2024 Highlighted by $12.4B Fund VI Close, Ingram IPO, Deal Uptick Accessed October 22, 2026
  7. S7Three Deals in Two Weeks: Small Cap Continues Momentum in 2026 Accessed October 22, 2026
  8. S8Platinum Equity to Sell Heat Controller to Lennox (June 18, 2026) Accessed October 22, 2026
  9. S9Platinum Equity Newsroom Accessed October 22, 2026
  10. S10Platinum Equity: Our Business (M&A&O approach and transaction types) Accessed October 22, 2026

Compiled by Greymont Advisors from public sources, including the firm’s own website and press releases. Greymont is not affiliated with Platinum Equity. Figures are as reported on the dates shown and may have changed. Request a correction

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