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    Home»Acquisitions»Platinum Equity’s $1.68 Billion Acquisition of Club Car
    Acquisitions

    Platinum Equity’s $1.68 Billion Acquisition of Club Car

    April 17, 20211 Min Read
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    Ingersoll Rand Inc. executed the sale of its Specialty Vehicle Technologies Segment (“Club Car”) to the global private equity firm Platinum Equity in an all-cash transaction valued at $1.68 billion. The transaction is expected to be completed by the third quarter of 2021, subject to customary closing conditions.

    Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with approximately $23 billion ofassets under management and a portfolio of approximately 40 operating companies that serve customers aroundthe world.

    Club Car is a leader in the design, manufacture and marketing of golf, utility and consumer low-speed vehicles for commercial utility and personal transportation.

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    Source: Global Legal Chronicle

    By Martina Bellini

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    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

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