Three Firms Arrange Platinum Equity’s Buy of Pelican Products

Oct. 22, 2021, 10:55 AM

Gibson, Dunn & Crutcher is advising Platinum Equity on its acquisition of Pelican Products Inc., designer and manufacturer of protective cases, portable lighting, and outdoor gear for consumers and governments.

Latham & Watkins is advising Pelican, which is being sold by Behrman Capital and also makes temperature-controlled packaging for the health care industry.

Willkie Farr & Gallagher is providing debt financing counsel to Platinum, according to a statement.

No financial terms were disclosed for the transaction, which is expected to be completed by the end of 2021.

Headquartered in Torrance, Calif., Pelican says it has 12 manufacturing sites, 17 service centers and network stations, and 23 international sales offices across 25 countries. Its CEO, Phil Gyori, will continue to lead the company after the closing, the statement says.

“Pelican has built a powerful brand with a well-earned reputation among its demanding and loyal customers for making some of the most indestructible products in the world,” said Platinum Equity partner Jacob Kotzubei. “We are committed to building on the company’s rich heritage and investing in continued innovation.”

To contact the correspondent on this story: Rick Mitchell in Paris at rmitchell@correspondent.bloomberglaw.com
To contact the editor on this story: Chris Opfer in New York at copfer@bloomberglaw.com; John Hughes in Washington at jhughes@bloombergindustry.com

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