Platform Buys Perrin Manufacturing

Platform Capital has acquired Perrin Manufacturing including its subsidiaries Dynasys and Tridako Energy Systems.

Perrin Manufacturing designs, tests and builds HVAC and auxiliary power systems for off-road, heavy-duty vehicles. The company’s heating and cooling systems are used in earth movers, skid steers, tree mulchers, broom sweepers, tractors, sprayers, road pavers, loaders, road graders and other large off-road vehicles. Perrin is led by CEO Dan Koch and has a 40,000 square foot facility in Alliance, NE (www.perrinmfg.com) (www.dynasysapu.com) (www.powercubeapu.com).

“The team at Platform Capital brings resources to help take Perrin to the next level,” said Mr. Koch. “They have been a true partner working side by side with our team from the initial call all the way through closing. I am very excited about the future of Perrin as we head into our next phase.”

“The Platform Capital team is very excited about combining our finance, operational and business development expertise with the history of engineering, design and manufacturing excellence at Perrin. The timing is right for our partnership to pursue aggressive growth across the over the road and off-road auxiliary power and HVAC industries. Our products and timing align well with the challenges facing over the road and off-road auxiliary power and HVAC industries trying to manage rising operating costs,” said Jake Walker, a partner of Platform Capital.

Platform Capital is an operationally-focused private equity firm that makes control-equity investments in both performing and underperforming companies that have revenues from $3 million to $75 million. The firm’s current portfolio consists of companies across the waste, trucking, energy, manufacturing, distribution, specialty finance and agricultural industries with sales ranging from $5 million to $20 million.

“Platform Capital is opportunistic with a situational approach to investing. We invest in industries and real estate that other investment firms may not be able to consider. Our ability to think creatively on a deal-by-deal basis has proven to be a core strength of our firm,” said managing partner Brian Burns.

Platform Capital was founded in 2016 and is headquartered in Denver (www.platformcap.com).

© 2019 Private Equity Professional | July 8, 2019

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