Platinum Equity has acquired Electro Rent Corp. (Nasdaq: ELRC), paying shareholders about $382 million and taking the company private.

Electro Rent, based in Van Nuys, California, leases and sells electronic test equipment, personal computers and servers. The company was formed in 1965 and started renting computers in 1985. Electro Rent has 350 employees and 12 offices, including locations in Georgia, Texas, Ontario, Europe and China.

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