Platinum Equity makes significant investment in HVAC/R distributor Motors & Armatures, Inc. (MARS)
Acquiring Company
Platinum Equity
Acquired Company
Motors & Armatures (MARS)
Beverly HillsNew YorkFinancial ServicesManufacturingDescription
Platinum Equity announced a significant investment in Motors & Armatures, Inc. (MARS), a leading distributor of HVAC/R parts, supplies, and equipment in the United States and Canada. The investment extends Platinum Equity's expertise in helping family-owned businesses capitalize on market opportunities and maximize their potential within the HVAC/R industry.
Quick answer
Platinum Equity is acquiring Motors & Armatures (MARS), announced July 17, 2024. Platinum Equity is based in Beverly Hills, California, United States.
- How much did Platinum Equity pay for Motors & Armatures (MARS)?
- The deal value was not disclosed.
- What does Platinum Equity do?
- Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with more than $25 billion of assets under management and a portfolio of approximately 40 operating companies that serve customers around the..
- Where are Platinum Equity and Motors & Armatures (MARS) based?
- Platinum Equity is based in Beverly Hills, California, United States. Motors & Armatures (MARS) is based in New York, United States.
- Who are the decision-makers at Platinum Equity?
- Fundz holds 1 contact at Platinum Equity. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Motors & Armatures (MARS)?
Motors & Armatures (MARS) was acquired by Platinum Equity, based in Beverly Hills. The deal was reported on July 17, 2024. Platinum Equity is privately held and operates in Financial Services.
When did Platinum Equity acquire Motors & Armatures (MARS)?
Platinum Equity's acquisition of Motors & Armatures (MARS) was reported on July 17, 2024. Platinum Equity announced a significant investment in Motors & Armatures, Inc. (MARS), a leading distributor of HVAC/R parts, supplies, and equipment in the United States and Canada. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Motors & Armatures (MARS) do?
Motors & Armatures, Inc. (MARS) is a leading distributor of HVAC/R parts, supplies, and equipment in the United States and Canada. It is privately held, operating in Manufacturing, and is based in New York.
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