Situation

Tongrun’s founder-led leadership team sought a partner capable of accelerating the Company’s growth trajectory while maintaining its core values and customer-centric culture. Leveraging more than 260 years of combined industry experience, the team identified a compelling opportunity to scale operations, strengthen Tongrun’s position as a leading contract manufacturing platform, and expand its presence in high-growth sectors – including Digital Infrastructure and Critical Power & Distribution – through targeted investments in domestic manufacturing capabilities.

The Company engaged G2 to evaluate strategic options, articulate Tongrun’s growth story, and identify a partner capable of supporting continued expansion across its global platform. 

Engagement

G2 designed and executed a tailored, highly competitive process focused on identifying partners with the operational capabilities, capital resources, and strategic alignment to support Tongrun’s long-term ambitions.

G2 leveraged its sector expertise and extensive investor network to articulate Tongrun’s value proposition to the market, emphasizing the Company’s integrated manufacturing platform, scalable global footprint, and deep, long-standing customer relationships.

The process culminated in Tongrun’s selection of Platinum Equity as the partner of choice.

Outcome

Platinum Equity’s investment provides Tongrun with a committed, world-class partner to support continued investment in capacity, capabilities, and growth. With Platinum’s backing, Tongrun will be empowered to expand its manufacturing footprint, broaden its solutions offering, and scale to meet the evolving needs of its customers.

The partnership positions the Company to capture growing demand across its core end markets while maintaining its long-standing focus on innovation, quality, and flawless execution.

“Partnering with Platinum Equity represents an exciting opportunity to double down on our accelerating growth trajectory through a strong, collaborative relationship,” said Brandt Strieby, President of Tongrun International. “Together, Tongrun and Platinum Equity will drive expansion while maintaining our core focus on manufacturing excellence and unmatched customer service. We are deeply grateful for G2’s invaluable support, expertise, and strategic guidance throughout the transaction, which ultimately led us to an ideal partner for our next phase of growth.”

“Tongrun engaged G2 with a clear mandate to evaluate strategic paths for supporting the Company’s next stage of growth. Working closely with Brandt and his team, we conducted a focused and deliberate process to identify partners with the operational depth, resources, and alignment required to advance that vision. That work ultimately led to the selection of Platinum Equity. We are proud to have supported Tongrun through this process and look forward to the Company’s continued momentum,” said Michael Flynn, Managing Director, Industrials & Manufacturing at G2 Capital Advisors.