Platinum Equity buys majority of Italy's Trime to chase US power demand
What's the deal? Platinum EquityDealroom has a profile for this one. Try Dealroom → has signed a deal to acquire a majority stake in TrimeDealroom has a profile for this one. Try Dealroom →, an Italian maker of mobile lighting towers, generators, and security towers. Trime's founder and chairman Andrea Fontanella, chief executive officer Paolo Tacconi, and other managers will reinvest alongside Platinum. Financial terms were not disclosed.
Why now? Trime already serves customers in more than 30 countries and has built strong momentum in North America, where demand is growing among rental companies, contractors, and infrastructure customers. The plan is to expand US production capacity, sales coverage, warehousing, spare parts, and customer support.
What's the endgame? Platinum and management want to win a bigger share of North American rental fleets, reach more national and regional rental firms, and expand Trime's mobile-generator range. The growth plan also includes product innovation and selective acquisitions.
Headquartered near Milan, Trime runs four Italian factories and has direct operations in the UK, the Netherlands, the US, and Australia. Its portfolio spans conventional, hybrid, battery-powered, and solar-powered products.
Track record: Platinum has invested in equipment and rental businesses for nearly two decades. Its history includes BlueLine RentalDealroom has a profile for this one. Try Dealroom →, sold to United RentalsDealroom has a profile for this one. Try Dealroom → for roughly $2.1 billion, plus Maxim Crane WorksDealroom has a profile for this one. Try Dealroom → and NESCODealroom has a profile for this one. Try Dealroom →. Custom Truck One SourceDealroom has a profile for this one. Try Dealroom → and Electro RentDealroom has a profile for this one. Try Dealroom → are current portfolio companies.
"It's a resilient, cash-generative business serving markets that are growing and benefiting from essential infrastructure spending," said Louis Samson, co-president of Platinum Equity. He pointed to "additional potential upside from continued investment in data centers and power generation" in the US and globally.
Fontanella said the company wanted "a partner who would respect our entrepreneurial culture and help us take the next step internationally."
The signal: The deal lands as equipment makers push hybrid and battery-powered portable power for rental fleets, with Atlas Copco flagging rising interest in hybrid generators and Finning UK recently adding a 2,200-genset fleet through its John F Hunt Power Group acquisition. With no price disclosed, the payoff hinges on whether Platinum can turn Trime's US growth into durable scale. The transaction is expected to close by early 2027, subject to regulatory approval.
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Image credit: Avinash Kaushik
