LOS ANGELES, Sept. 15, 2025 /PRNewswire/ — Platinum Equity announced today that it has signed a definitive agreement to acquire PlayPower, one of the world’s leading designers and manufacturers of recreational and outdoor living systems, from Littlejohn & Co, LLC (“Littlejohn”).
Financial terms were not disclosed. The transaction is expected to close in the fourth quarter of 2025, subject to customary regulatory approvals and closing conditions.
Headquartered in Huntersville, North Carolina, PlayPower designs and manufactures a wide range of products for outdoor recreation and living, including playground systems, recreational equipment, and related solutions, serving key end markets such as schools, parks and recreation, commercial and industrial facilities, residential communities, marine environments, and hospitality venues. The company maintains an international footprint with manufacturing and distribution facilities across North America and Europe, enabling efficient delivery, reduced transit times, and compliance with regional regulatory and design standards.
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.
Bryan Yeazel, CEO at PlayPower
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
Goldman Sachs is serving as financial advisor to Platinum Equity, and Simpson Thacher & Bartlett LLP is serving as legal counsel to Platinum Equity.
Lincoln International is serving as financial advisor to Littlejohn, and Gibson, Dunn & Crutcher LLP is serving as legal counsel to Littlejohn. Jamieson Financial is serving as advisor to the Company’s executive management team.
