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By offering a creative financing solution for the combined consideration of $1.2B and by negotiating advantageous contractual terms, Platinum navigated a challenging M&A market to create a platform poised for additional g...
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Latest Article
How $35M renewal of Alabama refractory plant is a ‘remarkable’ story for HarbisonWalker
September 04, 2023
FAIRFIELD, Ala. – The shuttered plant was in rough shape. During a 2021 visit to check the condition of the idled plant, which once manufactured refractory products used for aluminum production, HarbisonWalker International...
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Latest Article
Michigan announces Cabinetworks Group adding 110 jobs, relocating corporate headquarters to Detroit suburb
August 31, 2023
Michigan officials announced recently that Cabinetworks Group will add 110 corporate and professional services jobs while moving its headquarters from Ann Arbor, Mich., to a nearby Detroit suburb.Gov. Gretchen Whitmer and the...
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August 24, 2020
Platinum Equity CEO Tom Gores’ relationship with ESPN’s Jalen Rose vital to Detroit charter school’s educational mission
When the topic turns to the public charter school that bears his name, Jalen Rose becomes a preacher. The ESPN/ABC analyst, who starred at Michigan and played 13 seasons in the NBA, mimics a proud parent while advocating for the Jalen Rose Leadership Academy, which he co-founded in 2011. The passion is also apparent when he brings up JRLA benefactors like Platinum Equity chairman and CEO Tom Gores, who owns the NBA’s Detroit Pistons. “So m... Read more
When the topic turns to the public charter school that bears his name, Jalen Rose becomes a preacher. The ESPN/ABC analyst, who starred at Michigan a... Read more
When the topic turns to the public charter school that bears his name, Jalen Rose becomes a preacher. The ESPN/ABC a. Read more
August 10, 2020
Investing in What Matters: Aventiv Technologies Dedicates Additional Resources towards Expanding and Improving Relationships with Those That Mean the Most
Organization progresses on transformation with expanded priorities to address immediate needs for incarcerated individuals and their loved ones impacted by COVID-19 DALLAS, Aug. 10, 2020 -- Just six months since launching a transformation agenda under new CEO Dave Abel, Aventiv Technologies and its corrections-services subsidiary, Securus Technologies, today reported significant progress in accelerating an expansive, holistic reform of corpor... Read more
Organization progresses on transformation with expanded priorities to address immediate needs for incarcerated individuals and their loved ones impact... Read more
Organization progresses on transformation with expanded priorities to address immediate needs for incarcerated indivi. Read more
August 10, 2020
CEO: How public-private partnerships are ‘essential’ in the transformation of Aventiv/Securus
Dave Abel was using the phone on Sept. 11, 2001.Working for PricewaterhouseCoopers, he was discussing a business trip scheduled for the following day.While looking out his Arlington, Va., office window, he watched in horror as an American Airlines plane flew into the Pentagon.The evacuation order came, but before leaving, he looked out the window again and turned his glance downward.He saw a swarm of people walking across the Francis Scott Key Br... Read more
Dave Abel was using the phone on Sept. 11, 2001.Working for PricewaterhouseCoopers, he was discussing a business trip scheduled for the following day.... Read more
Dave Abel was using the phone on Sept. 11, 2001.Working for PricewaterhouseCoopers, he was discussing a business trip. Read more
August 06, 2020
With B-hyve tech and Platinum Equity support, Orbit is ‘changing the way the world waters’
In April, the New York Times published a product review of 13 different smart sprinkler controllers, timely information with the country seeing a surge in do-it-yourself projects related to stay-at-home orders because of the COVID-19 pandemic.The controllers are designed to help customers from underground irrigation systems by monitoring local weather and soil conditions, improving landscapes and conserving water.The Times gave the B-hyve smart i... Read more
In April, the New York Times published a product review of 13 different smart sprinkler controllers, timely information with the country seeing a surg... Read more
In April, the New York Times published a product review of 13 different smart sprinkler controllers, timely informati. Read more
July 24, 2020
Securus Technologies Debuts the JP6S, the Most Evolved Tablet Constructed to Improve the Wellbeing of Incarcerated Individuals
DALLAS, July 22, 2020 /PRNewswire/ -- Securus Technologies today unveiled the company's next generation tablet for use in correctional facilities, the JP6S. The JP6S is the industry's most evolved tablet specifically constructed to improve quality of life for incarcerated individuals and the device will be available beginning this month as an upgrade option for the more than 300,000 incarcerated individuals who currently access the indus... Read more
DALLAS, July 22, 2020 /PRNewswire/ -- Securus Technologies today unveiled the company's next generation tablet for use in correctional facilities, ... Read more
DALLAS, July 22, 2020 /PRNewswire/ -- Securus Technologies today unveiled the company's next generation tablet for. Read more
July 24, 2020
Aventiv Technologies Transformation Advancing With New Additions To Leadership Team
Company Has Now Added New Members to Senior Leadership Team From Outside Traditional Corrections Sector Aventiv Technologies continues to deliver on its promise to transform the company by bringing in individuals from outside of the traditional corrections space to broaden and diversify the perspective of its corporate leadership team. Over the past year, the company has hired seven new individuals to its executive team in addition to new presi... Read more
Company Has Now Added New Members to Senior Leadership Team From Outside Traditional Corrections Sector Aventiv Technologies continues to deliver on ... Read more
Company Has Now Added New Members to Senior Leadership Team From Outside Traditional Corrections Sector Aventiv Tech. Read more
July 01, 2020
Platinum Equity Acquires L&R Distributors
Transaction represents the firm’s third Small Cap acquisition in the last four monthsLOS ANGELES (July 1, 2020) – Platinum Equity today announced the acquisition of L&R Distributors from affiliates of the company’s founders. Financial terms were not disclosed.Headquartered in Brooklyn, New York, L&R is a growing wholesale distributor of consumer products servicing more than 17,000 retail locations throughout the United States. L&... Read more
Transaction represents the firm’s third Small Cap acquisition in the last four monthsLOS ANGELES (July 1, 2020) – Platinum Equity today announced ... Read more
Transaction represents the firm’s third Small Cap acquisition in the last four monthsLOS ANGELES (July 1, 2020) –. Read more
July 01, 2020
Platinum Equity Expands Entertainment Portfolio with Acquisition of Deluxe Entertainment's Distribution Business
Firm recruits former CEO Cyril Drabinsky to return and lead business at a pivotal time for an industry disrupted by coronavirus crisisLOS ANGELES (July 1, 2020) – Platinum Equity today announced the acquisition of Deluxe Entertainment Services Inc.’s distribution business (“Deluxe”). Financial terms were not disclosed. Deluxe Entertainment’s creative businesses are not included in the acquisition.Former Deluxe CEO Cyril Drabinsky, who ... Read more
Firm recruits former CEO Cyril Drabinsky to return and lead business at a pivotal time for an industry disrupted by coronavirus crisisLOS ANGELES (Ju... Read more
Firm recruits former CEO Cyril Drabinsky to return and lead business at a pivotal time for an industry disrupted by . Read more
June 26, 2020
How Valpak, Platinum Equity help small businesses remain relevant during COVID-19 crisis
The state of Ohio allowed restaurants to resume dine-in services on May 21.But when reached shortly after Gov. Mike DeWine’s executive order allowing eateries to resume limited operations after being forced to close in March in an effort to mitigate the spread of COVID-19, restaurant owner Frank Fusco had yet to resume seating diners.He took his time, making sure he could adhere to regulations created to provide a safe environment for customers... Read more
The state of Ohio allowed restaurants to resume dine-in services on May 21.But when reached shortly after Gov. Mike DeWine’s executive order allowin... Read more
The state of Ohio allowed restaurants to resume dine-in services on May 21.But when reached shortly after Gov. Mike D. Read more
June 05, 2020
Platinum Equity CEO Tom Gores Discusses Transformation of Securus Technologies With Former FCC Commissioners
Platinum Equity Chairman and CEO Tom Gores sent the following correspondence today in response to a letter dated May 20, 2020 from former FCC Commissioners Mignon Clyburn, Michael Copps, and Gloria Tristani requesting that Securus Technologies, a Platinum Equity portfolio company, take steps to support incarcerated individuals and their families during the COVID-19 pandemic:June 5, 2020Dear Commissioners Clyburn, Copps and Tristani:Thank ... Read more
Platinum Equity Chairman and CEO Tom Gores sent the following correspondence today in response to a letter dated May 20, 2020 from former FCC Comm... Read more
Platinum Equity Chairman and CEO Tom Gores sent the following correspondence today in response to a letter dated M. Read more
