March 16, 2011
The middlemarket.com publication Mergers & Acquisitions reported on the Clearlake Capital Group's partnering with Layton Corporation to fund a $135 million recapitalization for Platinum Energy Solutions. The article noted that Layton Corp. is an early investor in Platinum, a Texas-based provider of equipment and services to the domestic oil and gas industry. The funding will be used for working capital and additional equipment. The article stated Kelley Drye provided legal counsel to Layton.