SOURCE: Platinum Equity

Platinum Equity

June 30, 2011 14:53 ET

Platinum Equity Confirms Sale of Strategic Distribution, Inc.

LOS ANGELES, CA--(Marketwire - Jun 30, 2011) - Platinum Equity confirmed today the sale of Strategic Distribution, Inc., (SDI) to LLR Equity Partners and Pouschine Cook Capital Partners. Financial terms of the transaction were not disclosed.

SDI provides supply chain management solutions for industrial and institutional customers in the United States, Canada, and Mexico.

Platinum Equity acquired SDI through a public-to-private transaction in March 2007 and executed an operational turnaround that stabilized SDI's financial performance and reoriented the company's commercial strategy. Several new contract wins during Platinum's ownership drove increased revenue and positioned the business for long-term success.

Platinum Equity utilized its M&A&O approach to create demonstrable value at SDI through growth and operational improvements, creating an attractive divestiture opportunity.

About Platinum Equity
Platinum Equity (www.platinumequity.com) is a global M&A&O® firm specializing in the merger, acquisition and operation of companies that provide services and solutions to customers in a broad range of business markets, including information technology, telecommunications, logistics, metals services, manufacturing and distribution. Since its founding in 1995 by Tom Gores, Platinum Equity has completed more than 120 acquisitions.

Contact Information