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Platinum Equity To Acquire Club Car From Ingersoll Rand For $1.7 Billion

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LOS ANGELES, April 12, 2021 /PRNewswire/ Platinum Equity announced today it has entered into a definitive agreement to acquire Club Car from Ingersoll Rand (NYSE:IR) in a transaction valued at approximately $1.7 billion. The acquisition, subject to standard closing conditions, is expected to be completed by the third quarter of 2021.
Founded in 1958 and headquartered in Augusta, Georgia, Club Car is a global manufacturer of golf cars, utility, personal transportation and other low-speed vehicles, including all-electric models, and related aftermarket parts and services. The business has been owned by Ingersoll Rand since 1995.
Club Car is an iconic golf brand that for more than 60 years has set the industry standard for quality and innovation, said Platinum Equity Chairman and CEO Tom Gores. We appreciate Ingersoll Rand s confidence in our ability to build on that legacy and support Club Car s continued growth and expansi ....

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Platinum Equity : To Acquire Club Car From Ingersoll Rand For $1.7 Billion

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LOS ANGELES, April 12, 2021 /PRNewswire/ Platinum Equity announced today it has entered into a definitive agreement to acquire Club Car from Ingersoll Rand (NYSE:IR) in a transaction valued at approximately $1.7 billion. The acquisition, subject to standard closing conditions, is expected to be completed by the third quarter of 2021.
Founded in 1958 and headquartered in Augusta, Georgia, Club Car is a global manufacturer of golf cars, utility, personal transportation and other low-speed vehicles, including all-electric models, and related aftermarket parts and services. The business has been owned by Ingersoll Rand since 1995.
Club Car is an iconic golf brand that for more than 60 years has set the industry standard for quality and innovation, said Platinum Equity Chairman and CEO Tom Gores. We appreciate Ingersoll Rand s confidence in our ability to build on that legacy and support Club Car s continued growth and expansion as a stan ....

United States , Matt Louie , Morgan Lewis , Vicente Reynal , Dan Whelan , Tom Gores , Mark Wagner , Tammy Cillo , Jacob Kotzubei , Willkie Farr , Jp Morgan Securities , Credit Suisse , Wyndham Worldwide Corporation , Office Depot , Goldman Sachs , Ball Corporation , Platinum Equity Small Cap Fund , Thacher Bartlett , Ingersoll Rand Inc , Pitney Bowes , Emerson Electric , Club Car , Ingersoll Rand , Platinum Equity , Platinum Equity Chairman , Club Car President Mark Wagner ,

Platinum Equity to Buy Ingram Micro in $7.2B Deal

Platinum Equity to Buy Ingram Micro in $7.2B Deal
As the world s largest distributor of technology logistics services and solutions, Ingram Micro had 2019 sales of more than $47 billion.
Dec 10th, 2020
iStock
LOS ANGELES and IRVINE, CA Platinum Equity announced Wednesday that it has entered into a definitive agreement to acquire Ingram Micro Inc., the world s largest provider of technology logistics services and solutions, from HNA Technology Co., Ltd, a part of HNA Group, in a transaction valued at $7.2 billion. The sale is expected to be completed by the first half of 2021, subject to HNA Technology shareholder and customary regulatory approvals. ....

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