It appears as though Kohler Energy is being purchased by Platinum Equity.
According to a report from WHBL, with the purchase, the investment firm, which manages an estimated $47 billion in assets, would become the majority investment partner in the energy group, which also includes Power Systems, Home Energy, Kohler Uninterruptible Power, Clarke Energy, Curtis Instruments and Heila Technologies.
The current Group President, Brian Melka, will serve as the CEO while David Kohler, the Chair and CEO of the Kohler Company, will serve on the board.
The union representing the Kohler Company employees says they were notified of the transaction, and that they will continue to work with the employees as the deal progresses.
The deal is expected to be signed and completed sometime in early 2024.
