Announced
Completed
Synopsis
Mollitiam Holdings, a private equity firm investing in infrastructure, logistics, transportation, and waste space sectors, completed the acquisition of BluRoc, a provider of temporary and permanent access roads, midstream projects, renewable infrastructure, access matting, environmental controls, land clearing and bridge installation services, from Platinum Equity, a global investment firm specializes in mergers, acquisitions and operations. Financial terms were not disclosed. "We are grateful to the BluRoc team for their commitment to delivering superior access solutions to customers across the Northeast, Mid-Atlantic and beyond. BluRoc was a valuable contributor to our Yak investment and is well positioned for continued success under new ownership. We are proud of the work we did over the past six years and the value we created while navigating challenges posed by Covid-19 and fluctuations in the oil and gas market. Ultimately Yak and BluRoc emerged stronger, more capable and resilient businesses ready for the next chapter," Jacob Kotzubei and Matthew Louie, Platinum Equity.
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