Platinum Equity to acquire Oregon Tool from American Securities and P2 Capital Partners.

Investment firm Platinum Equity agreed to acquire Oregon Tool, a global manufacturer and distributor of aftermarket-driven professional grade cutting tools, outdoor equipment accessories and parts from private equity firms American Securities and P2 Capital Partners. Financial terms were not disclosed. "Oregon Tool has a well-deserved reputation for quality, innovation and engineering that dates back nearly 75 years. We are committed to building on that legacy and working with the management team to invest in a new generation of growth and expansion. We have a lot of experience helping companies like Oregon Tool take the next step and our financial and operational resources will accelerate their efforts," Louis Samson, Platinum Equity Partner.