PLATINUM EQUITY SELLS BLUROC TO MOLLITIAM HOLDINGS

Transaction Overview - Platinum Equity announced the sale of BluRoc LLC to Mollitiam Holdings, with financial terms undisclosed [1] - BluRoc provides temporary and permanent access roads, midstream projects, renewable infrastructure, access matting, environmental controls, land clearing, and bridge installation services [1] - The sale marks Platinum Equity's final exit from its Yak Access investment, which included BluRoc [4] Company Background - BluRoc was acquired by Yak Access in 2017 to provide access road and clearing services in the Northeast [6] - BluRoc specializes in creating access solutions for challenging terrain, including building mat roads, permanent and temporary access roads, bridges, and land clearing services [6] - Platinum Equity acquired a controlling stake in Yak Access in 2018 from Jones Companies and Beasley Forest Products [4] Strategic Impact - Platinum Equity expressed pride in the value created during its six-year ownership of BluRoc, navigating challenges such as Covid-19 and oil and gas market fluctuations [2] - BluRoc's leadership team is optimistic about the new opportunities under Mollitiam Holdings, aiming to continue innovation in access solutions [3] Financial Advisory - Palm Tree served as financial advisor and Morgan Lewis provided legal counsel to Platinum Equity on the sale of BluRoc [3] Platinum Equity Overview - Platinum Equity is a global investment firm with over $48 billion in assets under management and a portfolio of approximately 50 operating companies [5] - The firm specializes in mergers, acquisitions, and operations, having completed more than 450 acquisitions over 28 years [5] Previous Transaction - BluRoc was previously owned by Yak Access, which Platinum Equity sold to United Rentals, Inc for approximately $1.1 billion in cash in March [7]