On August 3, 2023, Platinum Equity completed the acquisition of The HC Companies, a leading manufacturer of horticultural containers in North America. The financial terms of the deal were not disclosed. HC, headquartered in Twinsburg, Ohio, operates six manufacturing and distribution centers in the US and Canada, producing a wide range of planters, pots, and accessories, including eco-friendly fiber and biobased solutions.

Jacob Kotzubei, Co-President of Platinum Equity, commended HC for its innovation, quality, and customer service, and expressed eagerness to invest in its long-term strategy. Bob Mayer, President and CEO of HC, will continue leading the company post-acquisition.

Platinum Equity Managing Director Nick Fries emphasized their operational experience in manufacturing, supply chain, and distribution, planning to support HC's organic growth and add-on acquisitions in various segments.

The acquisition was led by Platinum Equity’s Small Cap investment team, which recently acquired a majority stake in Tarter Farm and Ranch Equipment. Legal advice for Platinum Equity was provided by Willkie Farr & Gallagher LLP and Blake, Cassels & Graydon LLP, while Lincoln International and Haynes and Boone, LLP served as financial and legal advisors to HC, respectively.