Platinum Equity, Los Angeles, a private investment firm, has invested in HVACR components distributor Global and its subsidiary AmRad Manufacturing LLC.
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Based in Texas, Global is a master distributor of HVACR components including capacitors, relays, transformers, contactors, disconnects, whips and more.
This transaction marks the firm’s second investment in the HVACR industry this year. In July, the firm also invested in Motors & Armatures Inc. (MARS), a distribution platform for HVACR parts, supplies and equipment. The companies will join forces.
“We are optimistic about the prospects for growth in the sector and will work with MARS and Global to add more value for their customers,” said Platinum Equity Co-President Jacob Kotzubei and Managing Director Dan Krasner in a joint statement. “We will partner with the leadership team to identify and pursue additional opportunities to diversify and increase scale, both organically and through strategic M&A.”
