Platinum Equity's Credit Team Provides Debt Recapitalization for Mellott Company
Platinum Equity announced that its credit team led a debt recapitalization of the Mellott Company, supporting existing owners MFG Partners and the Mellott family. The transaction allows these stakeholders to maintain ownership while strengthening Mellott’s financial foundation. Based in Pennsylvania, Mellott is a leading provider of aggregates processing services and equipment with over 1,700 customers across the U.S. Platinum Equity's credit team highlighted Mellott's strong market position, recurring demand for parts and service, and deep relationships with major producers as key factors behind their financing decision. The firm emphasized its tailored approach to middle-market companies in industrial sectors like distribution and equipment services. MFG Partners praised Platinum’s flexibility and alignment of objectives. Mellott plans to use the recapitalization to invest further in operations, people, and customer support. Founded by Tom Gores, Platinum Equity has a long history of acquiring and operating businesses across multiple industries.
Topics: aggregates processing debt financing industrial services