Platinum Equity to Acquire Trime in Partnership with Founder and Management
Key Highlights
- ➤Platinum Equity agreed to acquire a majority stake in Trime; financial terms were undisclosed
- ➤Founder Andrea Fontanella and CEO Paolo Tacconi will reinvest alongside Platinum Equity
- ➤Transaction expected to close by early 2027, subject to approvals and customary conditions
- ➤Trime plans U.S. expansion through production, sales, warehousing and mobile-generator investments
- ➤Platinum Equity will pursue broader rental-fleet penetration, customer expansion and selective acquisitions
Expert Statements
Louis Samson, Co-President of Platinum Equity
“It's a resilient, cash-generative business serving markets that are growing and benefiting from essential infrastructure spending.”
Louis Samson, Co-President of Platinum Equity
“We also see additional potential upside from continued investment in data centers and power generation both in the United States and globally.”
Louis Samson, Co-President of Platinum Equity
“We believe our operational resources, industry relationships and experience scaling businesses in the sector can help accelerate the company's next phase of growth.”
Louis Samson, Co-President of Platinum Equity
“Our team spent years building relationships with the company and its founder.”
Louis Samson, Co-President of Platinum Equity
“Filippo Rossi, an Italian national who led the transaction and helps lead our investment activities in the country alongside Fernando Goni, has known the founder for many years.”
Louis Samson, Co-President of Platinum Equity
“That foundation played an important role in building the trust that ultimately led to this partnership.”
Louis Samson, Co-President of Platinum Equity
“We have tremendous respect for what the Trime team has built and are excited to support the next phase of the company's growth.”
Andrea Fontanella, Founder and Chairman of Trime
“Filippo and Platinum have stayed close to our business over the years and have taken the time to understand our people and what makes Trime work.”
Andrea Fontanella, Founder and Chairman of Trime
“We wanted a partner who would respect our entrepreneurial culture and help us take the next step internationally.”
Andrea Fontanella, Founder and Chairman of Trime
“Platinum combines that personal understanding with deep experience and relationships in the rental industry.”
Andrea Fontanella, Founder and Chairman of Trime
“For our team, that is a compelling combination.”
Paolo Tacconi, CEO of Trime
“We worked hard to find a partner who could support our next phase of international growth, with a particular focus on the U.S. market, and help us continue to build the Group's organization.”
Paolo Tacconi, CEO of Trime
“We are confident that Platinum Equity is the right partner and will make a strong contribution to the execution of our strategy.”
Fernando Goni, Executive at Platinum Equity
“Trime reflects our continued commitment to European businesses with strong positions in specialized markets and established international customer bases.”
Fernando Goni, Executive at Platinum Equity
“We see significant opportunity to help these companies grow further by combining local expertise with Platinum's global reach and operating capabilities.”
Platinum Equity to Acquire Trime in Partnership with Founder and Management PR Newswire
Italian lighting and mobile-power specialist to leverage Platinum's operational expertise and equipment-rental experience to accelerate U.S. growth
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