Platinum exits Husky; MiddleGround sells Lindsay Precast to TJC

Deal Wrap is updated as of 3 p.m. ET.

– Platinum Equity LLC sold injection molding business Husky IMS International Ltd. to CompoSecure Holdings LLC. Morgan Stanley & Co. LLC was financial adviser to CompoSecure, and Paul, Weiss, Rifkind, Wharton & Garrison LLP was its legal adviser. Goldman Sachs was financial adviser Husky Technologies, and Latham & Watkins LLP was its legal adviser.

– LaunchHub Advisors Ood-, Inovo Venture Partners-, South Central Ventures-, Rain Capital-, Runtime Ventures- and DNV Ventures-backed artificial intelligence security company SplxAI Inc. sold to Zscaler Inc.

– Milton Street Capital LLC is set to sell Purge Rite Intermediate LLC, a provider of mechanical flushing, purging and filtration services for data centers, to Vertiv Corp. Stifel was financial adviser to Vertiv, and Buchanan, Ingersoll & Rooney PC was legal adviser. Harris Williams was financial adviser to PurgeRite and DLA Piper LLP (US) was legal adviser.

– MiddleGround Management LP is set to exit concrete product manufacturer Lindsay Precast LLC in a sale to TJC LP. Harris Williams and Raymond James were financial advisers and Eversheds Sutherland was legal adviser to MiddleGround and Lindsay Precast. Citigroup Global Markets was financial adviser and Kirkland & Ellis was legal adviser to TJC.

– Rockpoint Group LLC acquired Eastport Industrial Park, an eight-building portfolio of industrial properties in Richmond, Virginia.

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