Platinum Equity Invests in Motors & Armatures (MARS)

Platinum Equity Invests in HVAC/R Distributor Global, The Source (Joins with MARS)

December 6, 2024

HVAC & Mechanical

Platinum Equity has made a strategic investment in Global, the Source, a master distributor of HVAC/R components, and its AmRad Manufacturing subsidiary, joining the company with Motors & Armatures (MARS) to form an integrated HVAC/R platform. As part of the transaction, Philip Windham was named CEO of the combined platform while Global owner Dickie Sirotiak and his family remain shareholders; financial terms were not disclosed.

CSW Industrials Acquires Motors & Armatures Parts (MARS Parts) for $650 Million

October 9, 2025

Industrial Services

CSW Industrials announced it has entered into a definitive agreement to acquire Motors & Armatures Parts (MARS Parts) for $650 million in cash, subject to standard closing adjustments. The deal also includes an earn-out of up to $20 million tied to revenue targets in the year following closing, which CSW expects to finalize in its fiscal 2026 third quarter.

Platinum Equity Acquires Majority Interest in Tarter Farm and Ranch Equipment

April 3, 2023

Manufacturing

Platinum Equity acquired a majority interest in Tarter Farm and Ranch Equipment from affiliates of the company's founders; financial terms were not disclosed and the Tarter family remains a minority shareholder. Tarter, founded in 1945, manufactures farm and ranch equipment with production facilities in Kentucky and a manufacturing/distribution center in Corinne, Utah; Stephen Frazier will serve as CEO going forward.

Platinum Equity Acquires Controlling Stake in Mad Engine

January 4, 2021

Consumer Products

Platinum Equity acquired a controlling stake in Mad Engine from affiliates of the company's current ownership group, with existing shareholders and management retaining a meaningful minority interest and remaining in leadership roles. Mad Engine is a global designer, manufacturer and distributor of licensed, branded and private-label apparel and accessories sold through major retailers and e-commerce channels; Platinum Equity said it will support scaling the business and expanding operations.

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.

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.