Platinum Equity has announced that it has signed a definitive agreement to acquire PlayPower, a global leader in the design and manufacturing of recreational and outdoor living systems, from Littlejohn & Co. While the financial terms of the deal were not disclosed, the transaction is expected to close in the fourth quarter of 2025, pending customary regulatory approvals and closing conditions.
Headquartered in Huntersville, North Carolina, PlayPower has established itself as one of the most recognized names in outdoor recreation. The company designs and manufactures a wide range of products that support active lifestyles and community engagement. Its offerings include playground systems, recreational equipment, and outdoor living solutions that serve a variety of markets. These markets include schools, parks and recreation departments, commercial and industrial facilities, residential communities, marine environments, and hospitality venues.
PlayPower’s international presence is another key strength. With manufacturing and distribution facilities across both North America and Europe, the company is able to deliver products efficiently, reduce transit times, and ensure compliance with regional regulatory and design standards. This global footprint allows PlayPower to serve diverse customer needs while maintaining high levels of quality and reliability.
For Platinum Equity, the acquisition represents an opportunity to expand its portfolio with a company that has a strong market position and a broad customer base. PlayPower’s products are not only functional but also play an essential role in fostering community, recreation, and well-being. By leveraging Platinum Equity’s resources and operational expertise, the partnership is expected to accelerate growth and innovation within PlayPower’s product lines and expand its reach into new markets.
This acquisition underscores the ongoing interest in companies that offer solutions for outdoor recreation and community infrastructure. As demand for safe, engaging, and sustainable recreational spaces grows worldwide, PlayPower is well-positioned to meet these needs. With Platinum Equity’s backing, the company is set to strengthen its leadership in the industry and continue delivering high-quality products that enhance outdoor living and recreation across the globe.
Advisors: Goldman Sachs is serving as financial advisor to Platinum Equity, and Simpson Thacher & Bartlett is serving as legal counsel to Platinum Equity. Lincoln International is serving as financial advisor to Littlejohn, and Gibson, Dunn & Crutcher is serving as legal counsel to Littlejohn. Jamieson Financial is serving as advisor to the Company’s executive management team.
KEY QUOTES:
“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
“There is a significant opportunity to grow PlayPower both organically and through strategic M&A. We see potential to expand in core product categories like outdoor play and shade, while also pursuing adjacent markets. Our goal is to accelerate PlayPower’s transformation into a scaled, multi-brand platform with broad end-market reach, complementary product coverage, and enhanced manufacturing and distribution capabilities.”
Nathan Eldridge, Managing Director at Platinum Equity
“We are excited to partner with Platinum Equity as we enter this next chapter. Platinum’s operational expertise and experience building global platforms will help us accelerate growth, innovate for our customers, and continue delivering exceptional products and services. Littlejohn has been an exceptional partner to the company and we are grateful for their support and collaboration.”
PlayPower CEO Bryan Yeazel
“This transaction represents the culmination of a successful partnership with Bryan Yeazel and the PlayPower leadership team. Bryan and the team responded to the operational challenges of COVID and drove growth in its core business lines, both in the U.S. and Europe. We wish Platinum and the PlayPower team much success.”
Brian Ramsay, Managing Partner and President at Littlejohn
