Platinum Equity has completed the acquisition of Peak Technologies, an international provider of automated identification and data collection systems, from R.R Donnelley & Sons Co.
With the acquisition now completed, Platinum executives and Peak management, plan to collaboratively work through an operational transition process and development of the company’s ‘go-forward’ business plan. That strategy will likely focus and capitalise on Peak’s strong service infrastructure as one of the key building blocks for future success.”
Rob Joubran, chief operating officer and treasurer for Platinum Equity said: “Customers are always our first priority, and maintaining service excellence will be key to protecting one of Peak’s strengths – its strong, loyal customer base. Our goal is to work closely with the management team, establish a strong, profitable company and move aggressively to create new energy and enhanced enterprise value for Peak, its customers and partners.”
Platinum Equity, who has recently been named the 18th largest company in America by Forbes magazine, is a global firm specializing in mergers and acquisitions. It was founded in 1995 by entrepreneur Tom Gores and has built a multi-billion dollar portfolio of operating companies.