# Platinum Equity Signs Deal for Trime Majority Stake With Founder and Management

> Platinum Equity agreed to acquire a majority stake in Italian lighting and power equipment maker Trime, with founder and management reinvesting.

- Published: 2026-10-19T22:25:34+00:00
- Section: Mergers & Acquisitions
- Author: News Desk
- URL: https://newsforagent.com/news/2026-10-19/platinum-equity-trime-majority-stake
- Source: [PR Newswire](https://www.prnewswire.com/news-releases/platinum-equity-to-acquire-trime-in-partnership-with-founder-and-management-302913190.html)

## Key takeaways

- Platinum Equity signed a definitive agreement to acquire a majority stake in Trime, an Italian maker of mobile lighting towers, generators and security towers.
- Trime founder and chairman Andrea Fontanella, CEO Paolo Tacconi and other management members will invest alongside Platinum Equity.
- The transaction is expected to close by early 2027, subject to customary closing conditions and applicable regulatory approvals.

Platinum Equity signed a definitive agreement to acquire a majority stake in Trime, an Italian manufacturer of mobile lighting towers, generators and security towers, with founder and management investing alongside. Financial terms were not disclosed. [PR Newswire](https://www.prnewswire.com/news-releases/platinum-equity-to-acquire-trime-in-partnership-with-founder-and-management-302913190.html) published the announcement on October 19, 2026.

## Platinum Equity's Trime Deal Terms

Trime founder and chairman Andrea Fontanella, CEO Paolo Tacconi and other members of management will invest alongside [Platinum Equity](https://akta.pro/company-profiles/00006me/platinum-equity). The transaction is subject to customary closing conditions and applicable regulatory approvals and is expected to be completed by early 2027.

Trime is headquartered in Cassinetta di Lugagnano, near Milan, and supplies equipment used across infrastructure, construction, mining, emergency response and events. The company operates four manufacturing facilities in Italy and serves customers in more than 30 countries, with direct commercial operations in the United Kingdom, the Netherlands, the United States and Australia. Its product portfolio includes conventional, hybrid, battery-powered and solar-powered solutions.

Platinum Equity's equipment rental experience includes BlueLine Rental, sold to United Rentals for approximately $2.1 billion, Maxim Crane Works and NESCO. Custom Truck One Source and Electro Rent are current portfolio companies. Debt financing is being provided by [Intesa Sanpaolo](https://akta.pro/company-profiles/00005v2/intesa-sanpaolo), UniCredit, BPER Banca, Crédit Agricole, BNL BNP Paribas and Deutsche Bank. Intesa Sanpaolo's IMI CIB Division held the 2026 Italian Excellences event in Paris on October 16, 2026, connecting Italian companies with more than 90 institutional investors from 63 firms, according to MarketScreener.

"We have been investing in equipment manufacturers and rental businesses for nearly two decades, and Trime is a company we've admired for a long time," said Louis Samson, Co-President of Platinum Equity.

## Platinum Equity's Scale and Recent Deals

According to akta.pro [company records](https://akta.pro/company-data), Platinum Equity manages approximately $48 billion in assets and has completed more than 550 acquisitions over 30 years, with a portfolio of approximately 60 operating companies. The firm sold Urbaser to Blackstone and EQT for approximately $6.6 billion in February 2026, and in January 2026 rolled approximately $1 billion of equity into the $7.4 billion business combination of Husky Technologies with CompoSecure, creating GPGI, Inc.

## Platinum Equity's Recent Italy Exits

Platinum Equity announced a definitive agreement to sell De Wave Group, a marine interiors specialist, with the transaction expected to close by the end of 2026, PR Newswire reported in September 2026. The LA Business Journal reported in September 2026 that Platinum Equity sold yacht and cruise outfitter De Wave Group to Renaissance Partners for $465 million, with the deal expected to close in the fourth quarter. In July 2026, Platinum Equity completed its acquisition of Tangent Technologies, a manufacturer of high-performance synthetic materials, citybiz reported.

## Trime Deal Closing Timeline

The transaction is expected to be completed by early 2027, subject to customary closing conditions and applicable regulatory approvals.

## Companies in this story

- [Platinum Equity company profile](https://akta.pro/company-profiles/00006me/platinum-equity) · website: http://www.platinumequity.com
- [Intesa Sanpaolo company profile](https://akta.pro/company-profiles/00005v2/intesa-sanpaolo) · website: https://www.intesasanpaolo.com
- [Clearwater company profile](https://akta.pro/company-profiles/000c7ye/clearwater) · website: https://www.clearwatercf.com

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