SVP Worldwide is the world’s largest consumer sewing machine company, accounting for approximately one out of every three sewing machines sold globally. The company and its three iconic brands - SINGER®, HUSQVARNA® VIKING®, and PFAFF® - have collectively delighted consumers for over 450 years. These premium brands and products are regarded as the choice for serious sewers and novice crafters.
The company’s corporate headquarters is located near Nashville, TN, and is supplemented by regional headquarters and sales offices located in Milan (Italy), São Paulo (Brazil), and Sydney (Australia) that, combined, reach consumers in more than 180 countries. SVP Worldwide has manufacturing facilities across Asia and Latin America, multiple R&D centers, a software development center in Europe, and a global supply chain with distribution centers in all regions. The products are sold across a network of sewing machine dealers, mass retailers, online retailers, specialty retailers, distributors, and through the company’s ~200 internally operated retail stores.
In 2021, Platinum Equity acquired the controlling stake in SVP-Singer Holdings, Inc. and its wholly-owned subsidiaries ("SVP Worldwide").
Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with more than $25 billion of assets under management and a portfolio of approximately 50 operating companies serving customers worldwide.
Platinum Equity specializes in mergers, acquisitions, and operations – a trademarked strategy it calls M&A&O® – acquiring and using companies in a broad range of business markets. Interests include manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications, and other industries. Over the past 25 years, Platinum Equity has completed more than 300 acquisitions. Platinum Equity will make substantial investments to align SVP Worldwide for growth.