Platinum Takes Stake in Tongrun as Data Center Demand Builds
Company founder Brandt Strieby retains equity and continues to lead the business in partnership with Platinum
Tongrun International produces custom-designed metal and engineered products. The company’s core capabilities include sheet metal fabrication of components and enclosures; extrusion and die-casting production of high-volume parts; and assembly and integration services of mechanical, electronic and structural elements into finished assemblies.
January 20, 2026|John McNulty
Platinum Equity has acquired Tongrun International, a contract manufacturer of metal and engineered products.
Tongrun International produces custom-designed metal and engineered products. The company’s core capabilities include sheet metal fabrication of components and enclosures; extrusion and die-casting production of high-volume parts; and assembly and integration services of mechanical, electronic and structural elements into finished assemblies.
Customers of Tongrun include OEMs and industrial operators seeking outsourced production of racks, cabinets, housings and systems used in data center infrastructure, power generation, telecommunications, medical, gaming and food and beverage sectors. Additional services of Tongrun include design, engineering and prototyping, as well as kitting and logistics services.
Tongrun was founded in 2012 by President Brandt Strieby and is headquartered north of Dallas in Bonham, Texas. The company has more than 7 million square feet of combined manufacturing space across its facilities in Texas, China and Thailand.
Mr. Strieby will retain a significant equity stake in the company in partnership with Platinum. “Partnering with Platinum Equity represents an exciting opportunity to double down on our accelerating growth trajectory through a strong, collaborative relationship,” said Mr. Strieby. “Together, Tongrun and Platinum Equity will drive expansion while maintaining our core focus on manufacturing excellence and unmatched customer service.”
Jacob Kotzubei
“Tongrun sits at the center of several powerful long-term trends, especially the unprecedented investment in data centers and AI infrastructure,” said Jacob Kotzubei, co-president of Platinum Equity. “Its ability to pair front-end design and prototyping with highly scalable domestic and international manufacturing makes the company an essential partner to the world’s most sophisticated OEMs. With demand accelerating and customers seeking partners that can grow with them, Tongrun is exceptionally well positioned for its next chapter.”
Platinum Equity invests in a range of industries including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology and telecommunications. Beverly Hills-headquartered Platinum was formed in 1995 by Tom Gores and over the past 30 years has completed more than 500 acquisitions.
Nick Fries
“Tongrun has a robust pipeline, an expanding customer base, and a thoughtful plan for scaling capacity, while also needing investment and assistance with execution to fully seize the opportunity in front of it,” said Nick Fries, a managing director at Platinum Equity. “We see tremendous potential to expand the company’s production footprint, enhance its operational capabilities, and accelerate growth both organically and through targeted add-on acquisitions that can broaden Tongrun’s capacity, capabilities and customer reach.”
G2 Capital Advisors was the financial advisor to Tongrun on the transaction.
