Clearlake Leads $135M Recap of Platinum Energy

Clearlake Capital Group has led a $135 million recapitalization of Platinum Energy Solutions Inc., acquiring a majority stake in the company. The firm partnered with Layton Corp. and Platinum Energy’s management on the recap. The investment was made from Clearlake's $415 million Clearlake Capital Partners II fund, which closed in January 2010. Specific terms of the deal were not disclosed. Platinum Energy is based in Houston.

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