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Deal could value company at as much as $3.5 billion
Cabinetworks Group
Cabinetworks brands include Merillat cabinets, along with several other name brands.
Tom Gores private equity firm Platinum Equity announced Monday it signed a definitive agreement to acquire Ann Arbor-based Cabinetworks Group, the nation s largest kitchen and bath cabinet maker.
Platinum will acquire the building products company from New York private equity firm American Industrial Partners and other smaller equity holders for an undisclosed sum. Bloomberg reported earlier this year that the company was valued at $3.5 billion.
The deal is expected to close in the second quarter of this year.
BW Businessworld
Hand Wash Stations Provider United Site Up For Sale For $4 Billion After COVID-19 Boost
The COVID-19 pandemic has accelerated the growth of the hand wash stations industry, with the market seen growing from $919.4 million in 2019 to almost $1.5 billion by 2027
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Portable toilets vendor United Site Services Inc is exploring a sale that could value it at around $4 billion, including debt, as its hand wash stations business sees strong demand during the pandemic, people familiar with the matter said on Friday.
Platinum Equity LLC, the buyout firm which owns United Site Services, has hired investment bankers to advise it on a sale process, the two sources said, requesting anonymity as the matter is confidential.
Exclusive: Hand wash stations provider United Site up for sale for $4 billion after COVID-19 boost -sources
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(Reuters) - Portable toilets vendor United Site Services Inc is exploring a sale that could value it at around $4 billion, including debt, as its hand wash stations business sees strong demand during the pandemic, people familiar with the matter said on Friday.
Platinum Equity LLC, the buyout firm which owns United Site Services, has hired investment bankers to advise it on a sale process, the two sources said, requesting anonymity as the matter is confidential.
United Site Services was valued at just $1.15 billion when Platinum Equity acquired the Westborough, Massachusetts-based company four years ago, according to credit ratings agency Moody’s Investors Service Inc. It now has 12-month earnings before interest, taxes, depreciation and amortization of more than $300 million, according to the sources.
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(Reuters) - Portable toilets vendor United Site Services Inc is exploring a sale that could value it at around $4 billion, including debt, as its hand wash stations business sees strong demand during the pandemic, people familiar with the matter said on Friday.
Platinum Equity LLC, the buyout firm which owns United Site Services, has hired investment bankers to advise it on a sale process, the two sources said, requesting anonymity as the matter is confidential.
United Site Services was valued at just $1.15 billion when Platinum Equity acquired the Westborough, Massachusetts-based company four years ago, according to credit ratings agency Moody s Investors Service Inc. It now has 12-month earnings before interest, taxes, depreciation and amortization of more than $300 million, according to the sources.