Platinum Equity has officially completed its acquisition of PlayPower, a global leader in the design and manufacturing of recreational and outdoor living systems, from Littlejohn & Co.. The deal adds another major brand to Platinum Equity’s growing portfolio, strengthening its position in the outdoor recreation and consumer products sectors.
Based in Huntersville, North Carolina, PlayPower produces a diverse array of outdoor recreation and living products, including playground systems, recreational equipment, and related infrastructure serving schools, parks, and recreation departments, residential communities, hospitality venues, and industrial facilities. With a manufacturing and distribution network spanning North America and Europe, the company is recognized for its ability to deliver products efficiently while meeting regional design and regulatory standards.
The acquisition reflects Platinum Equity’s continued emphasis on investing in consumer and industrial platforms that address long-term lifestyle trends and community development needs. Industry demand for outdoor leisure spaces has accelerated in recent years as communities and families increasingly value open-air environments for health, wellness, and social connection.
Platinum Equity, founded in 1995 by Tom Gores, manages approximately $50 billion in assets and operates around 60 companies worldwide across diverse industries, including manufacturing, logistics, technology, telecommunications, and media. The firm has completed over 500 acquisitions since its inception and continues to pursue its operationally focused M&A and operations investment strategy.
Financial details of the transaction were not disclosed.
Advisor/counsel: Goldman Sachs acted as financial advisor to Platinum Equity, while Simpson Thacher & Bartlett provided legal counsel. Lincoln International served as financial advisor to Littlejohn & Co., and Gibson, Dunn & Crutcher acted as legal counsel. Jamieson Financial advised PlayPower’s executive management team.
KEY QUOTES:
“Families and communities are prioritizing open-air spaces for health, wellness, and social connection, fueling long-term demand for premium outdoor equipment and playground solutions. We believe PlayPower is uniquely positioned as a leader in this market and are proud to support the company’s mission to enrich lives and strengthen communities through play and outdoor experiences.”
Jacob Kotzubei, Co-President, Platinum Equity
“PlayPower represents a platform with significant runway for growth across its core categories and adjacent segments. We are eager to support the company’s growth organically and through new acquisitions that can expand its family of brands into complementary markets.”
Nathan Eldridge, Managing Director, Platinum Equity
