Platinum Equity is set to grow the HC Companies . fiscal term were not give away . The transaction is expected to close up in the next several weeks , capable to certain closing weather .
Headquartered in Twinsburg , Ohio , HC operates six fabrication location and distribution centers in the US and Canada . The company produces a wide range of planters , pots , and accessories for the greenhouse , greenhouse , and retail food market , including character and biobased solutions bring about with post - consumer and post - industrial materials to get together increase consumer demand for sustainable solutions .
" HC has built an impressive business concern , with a strong leaders squad , dedicated employees , and one of the most comprehensive Cartesian product line in the manufacture , " said Platinum Equity Co - President Jacob Kotzubei . " We wait fore to work with the leaders team to help the company continue investing in growth while navigating a dynamic grocery . "
The HC Companies President and CEO , Bob Mayer , will continue leading the stage business stick with the transition to new possession .
" We are frantic about this new chapter , which present an opportunity for HC to redouble our commitment to creation , elaboration , and customer service , " say Mayer . " Platinum Equity ’s fiscal resourcefulness and usable expertise will be a great asset to our farseeing - term strategic plans . "
Mayer and Platinum executives both expect a unseamed transition .
" We have a lot of experience in manufacturing , supply chain , and distribution , and we read the market very well , " said Platinum Equity Managing Director Nick Fries . " We believe HC is an attractive platform for additional growth , both organically and through Modern acquisitions in side by side mathematical product family , section , channels , and geographies . "
Platinum Equity ’s current portfolio includes Husky Technologies , a producer of shot modeling equipment used in the production of some line of horticulture container solution . atomic number 78 previously owned Orbit Irrigation , a manufacturer of smart lachrymation engineering science and other irrigation and garden intersection and grower supply goods .
The HC learning is being led by Platinum Equity ’s Small Cap investment funds team , which is actively deploying capital .
In April , the Small Cap team complete the acquisition of a majority interest in Tarter Farm and Ranch Equipment , which manufacture creature gates and fencing material solutions , tractor implements , planters and ardour mob , and animal eating and handle equipment for ranchers , large institutional farms and small farming enthusiast .
Willkie Farr & Gallagher LLP is serving as legal counsel , and Alston & Bird LLP is process as finance counsel to Platinum Equity on the HC accomplishment .
Lincoln International is service as financial consultant to HC on the transaction , and Haynes and Boone , LLP is service as legal counsellor .
For more information : Platinum Equity360 N. Crescent Dr. Beverly Hills , CA 90210Tel . : +1 310.712.1850platinumequity.com
