Platinum Equity to acquire PlayPower from Littlejohn & Co.

Platinum Equity, a private equity firm, agreed to acquire PlayPower, a designer and manufacturer of recreational and outdoor living systems, from Littlejohn & Co, a private equity firm focused on leveraged buyout transactions, leveraged recapitalizations of middle-market companies and distressed securities. Financial terms were not disclosed. "PlayPower is a market leader with a strong portfolio of trusted brands and an international manufacturing and distribution network. We believe the company is well positioned to benefit from increased investment in outdoor spaces and recreational infrastructure, and we look forward to supporting its continued growth," Jacob Kotzubei, Platinum Equity Co-President.