Platinum Equity has completed its acquisition of Infratech, a Gardena, California-based provider of infrared electric heating solutions. The deal, finalized in late 2023, brings together Infratech’s expertise in UL-listed controls and customizable mounting systems with Platinum’s private equity resources. Sellers Sam Longo Jr. and CEO John Mazzotta retained equity stakes, with Mazzotta continuing to lead operations.

Infratech’s product portfolio includes infrared heating panels and retrofit solutions for residential and commercial spaces. The acquisition aligns with Platinum Equity’s strategy to expand in niche industrial markets. Longo and Mazzotta emphasized the company’s growth potential in energy-efficient heating technologies amid rising demand for sustainable alternatives.

Under Mazzotta’s continued leadership, Infratech plans to scale production capacity and enhance R&D for smart heating systems. Industry analysts note the deal strengthens Platinum’s foothold in specialized manufacturing sectors. The transaction values Infratech at approximately $45 million, reflecting confidence in its market position and growth trajectory within the electric heating niche.

This move underscores Platinum Equity’s focus on asset-light businesses with recurring revenue models. Infratech’s established customer base and proprietary technology position it as a key player in the evolving thermal management industry. Infratech’s UL-listed controls and modular designs remain central to its competitive edge post-acquisition.