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Platinum Equity –  Acquisition of Wesco

US based Platinum Equity has agreed to acquire listed Carlyle company Wesco for a reported $1.9Bn, which represents a 27.5% premium to 90 day weighted average share price. Based in California, Wesco is an aerospace expert in operational performance, supply chain tracking, consolidated invoicing and vendor management. Wesco will be combined with Platinum portfolio company Pattonair, a UK aerospace and defense supply chain company.