ORBIT IRRIGATION FULL
ORBIT IRRIGATION PROFESSIONAL

Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O ® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. The firm is currently investing from Platinum Equity Capital Partners V, a $10 billion global buyout fund, and Platinum Equity Small Cap Fund, a $1.5 billion buyout fund focused on investment opportunities in the lower middle market. Gibson, Dunn & Crutcher LLP served as legal counsel to Platinum Equity on the transaction.įounded in 1995 by Tom Gores, Platinum Equity is a global investment firm with more than $25 billion of assets under management and a portfolio of approximately 50 operating companies that serve customers around the world.

Moelis & Company LLC and William Blair & Company, LLC served as financial advisors to Platinum Equity on the sale of Orbit. “Those efforts helped transform Orbit into a true omni-channel provider of water management and gardening solutions.” “We invested in both organic and acquisitive growth, strengthening Orbit’s core product line and helping diversify its portfolio,” added Platinum Equity Managing Director Nick Fries.

ORBIT IRRIGATION FULL

“We put the full range of our resources to work and helped transform Orbit into an industry leader that is well positioned to continue growing under Husqvarna’s ownership.”Įxpanding Orbit’s B-hyve ecosystem, which comprises a comprehensive suite of connected smart water and irrigation management tools, was a core element of the transformation plan. “Orbit’s success underscores the value of our M&A&O toolkit and contributes to the momentum our Small Cap team has generated,” said Platinum Equity Partner Jacob Kotzubei. The sale was the culmination of a transformation program under Platinum Equity’s ownership that prioritized investing in Orbit’s smart watering technology, diversifying its product portfolio and implementing operational improvement initiatives throughout the organization.

Platinum Equity acquired Orbit in February 2019. In addition, the company’s B-hyve® suite of smart products helps consumers conserve water, promote plant health and save money.

ORBIT IRRIGATION PROFESSIONAL

The Orbit product offering includes watering equipment sold through retail, garden centers, e-commerce and professional channels. Orbit, based in Salt Lake City, Utah, has approximately 300 employees and generates over 95% of its revenues in North America. LOS ANGELES (December 2, 2021) – Platinum Equity announced today that the previously announced sale of Orbit Irrigation to Husqvarna Group in a transaction valued at approximately $480 million has been completed. Successful Investment Adds to Momentum of Platinum Equity’s Small Cap Investment Platform

Orbit irrigation