Platinum Equity completed the acquisition of Motors & Armatures.

Platinum Equity, a global investment firm specializing in mergers, acquisitions, and operations, completed the acquisition of Motors & Armatures, a distributor of HVAC/R parts, supplies and equipment. Financial terms were not disclosed. "MARS has established itself as a leader in an evolving HVAC/R market with several compelling characteristics. Growth in the US housing stock, population shifts, changing weather patterns and energy efficiency mandates are driving demand for new equipment as well as repair parts. Platinum has substantial experience helping family-owned businesses leverage our operational expertise and M&A capabilities to capitalize on market opportunities and maximize their potential," Jacob Kotzubei, Platinum Equity Co-President.