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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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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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June 01, 2020
Platinum Equity Portfolio Company Orbit Irrigation Acquires Bond Manufacturing’s Garden Business
Add-on Acquisition Marks Second Platinum Equity Small Cap Deal in Last Two MonthsLOS ANGELES and SALT LAKE CITY (June 1, 2020) – Platinum Equity portfolio company Orbit Irrigation announced today the acquisition of Bond Manufacturing’s garden business from affiliates of the company’s founding family in a carve-out transaction. Financial terms were not disclosed.Headquartered in Antioch, Calif., Bond is a manufacturer and distributor of ir... Read more
Add-on Acquisition Marks Second Platinum Equity Small Cap Deal in Last Two MonthsLOS ANGELES and SALT LAKE CITY (June 1, 2020) – Platinum Equity por... Read more
Add-on Acquisition Marks Second Platinum Equity Small Cap Deal in Last Two MonthsLOS ANGELES and SALT LAKE CITY (June. Read more
May 28, 2020
United Site Services has opportunity to redefine what is ‘essential’
The COVID-19 crisis has forced all to rethink the definition of essential workers.No longer meaning only the areas of public safety, healthcare and transportation, the term has grown to include anything supporting those industries and many others during times of crisis.For United Site Services, the country’s largest provider of portable sanitation and temporary site services, it’s created an opportunity to tell a story.USS services were neede... Read more
The COVID-19 crisis has forced all to rethink the definition of essential workers.No longer meaning only the areas of public safety, healthcare and tr... Read more
The COVID-19 crisis has forced all to rethink the definition of essential workers.No longer meaning only the areas of. Read more
April 14, 2020
Jostens answers Platinum Equity’s call to action with free virtual commencement centers
The dream of a run to the baseball state playoffs ended in districts.An anticipated final concert with the school band was cancelled.As co-class president, experiencing detailed planning for a senior prom that will never occur.Thomas Arend, who remains upbeat despite the setbacks, is succinct when discussing how routine rites of passage have been snatched away over the last few weeks.“It kind of sucks,” he said.The North Thurston (Wash.) High... Read more
The dream of a run to the baseball state playoffs ended in districts.An anticipated final concert with the school band was cancelled.As co-class presi... Read more
The dream of a run to the baseball state playoffs ended in districts.An anticipated final concert with the school ban. Read more
April 13, 2020
Tom Gores Purchases 100,000 PPE Masks for City of Detroit
Surgical-grade Masks to Support First Responders and City Workers on Frontline of COVID-19 Crisis DETROIT, Mich. – Pistons owner Tom Gores and Detroit Mayor Mike Duggan announced today that Mr. Gores purchased 100,000 PPE masks for deployment and use by the City of Detroit. The surgical-grade masks will be provided to Detroit police officers, firefighters, bus drivers and other city workers serving the public in order to hel... Read more
Surgical-grade Masks to Support First Responders and City Workers on Frontline of COVID-19 Crisis DETROIT, Mich. – Pistons owner Tom Gores an... Read more
Surgical-grade Masks to Support First Responders and City Workers on Frontline of COVID-19 Crisis DETROIT, Mic. Read more
April 11, 2020
Platinum Equity Responds to COVID-19
In response to the global pandemic caused by COVID-19, Platinum Equity’s top priorities are: Protect the well-being of our employees and their familiesEnsure the continuity of our businessMitigate the impact of the crisis on the firm’s portfolio companiesPursue new opportunities in the market“We are intensely focused on the health of our people, our firm and our portfolio companies during this global pandemic,” said Platinum Equity Chair... Read more
In response to the global pandemic caused by COVID-19, Platinum Equity’s top priorities are: Protect the well-being of our employees and their fami... Read more
In response to the global pandemic caused by COVID-19, Platinum Equity’s top priorities are: Protect the well-bein. Read more
April 06, 2020
Platinum Equity Completes Acquisition of Farnese Vini
Firm continues pursuing new investments while taking necessary precautions during global pandemicLOS ANGELES (April 6, 2020) – Platinum Equity announced today that the acquisition of Farnese Group from NB Renaissance Partners has been completed. Financial terms were not disclosed.The transaction was signed last December and has now closed as expected, with Platinum Equity teams working hard while adhering to measures taken in response to COVID-... Read more
Firm continues pursuing new investments while taking necessary precautions during global pandemicLOS ANGELES (April 6, 2020) – Platinum Equity annou... Read more
Firm continues pursuing new investments while taking necessary precautions during global pandemicLOS ANGELES (April 6. Read more
April 06, 2020
Why Platinum Equity acquired Italian winemaker in spite of COVID-19 challenges
The April 6 issue of Axios’ daily dealmakers newsletter called Platinum Equity’s acquisition of Farnese Vini the day’s most notable transaction.What set Farnese apart?Business editor Dan Primack wrote: “Because the deal actually closed, despite everything that's happened in the U.S. and Italy since it was agreed to in December.”Bankers from New York to Milan had questions.How did the firm close the deal with much of the world shut down?... Read more
The April 6 issue of Axios’ daily dealmakers newsletter called Platinum Equity’s acquisition of Farnese Vini the day’s most notable transaction.... Read more
The April 6 issue of Axios’ daily dealmakers newsletter called Platinum Equity’s acquisition of Farnese Vini the . Read more
March 04, 2020
Aventiv Technologies Reports Initial Progress On Reform Commitments
Accomplishments reflect a positive shift in accessibility and ongoing engagement with key stakeholders Aventiv Technologies and its corrections-services subsidiary, Securus Technologies, today reported progress on key milestones of the transformation commitments announced in mid-January. Under the direction of President and CEO Dave Abel, the organization is undertaking an expansive and holistic transformation to make its products more accountab... Read more
Accomplishments reflect a positive shift in accessibility and ongoing engagement with key stakeholders Aventiv Technologies and its corrections-servi... Read more
Accomplishments reflect a positive shift in accessibility and ongoing engagement with key stakeholders Aventiv Techn. Read more
February 14, 2020
Platinum Equity Acquires Biscuit International
Acquisition Adds to Global Buyout Firm’s Momentum in EuropeLOS ANGELES (February 14, 2020) – Platinum Equity today announced the acquisition of Biscuit International, a leading European manufacturer of private label sweet biscuits.Headquartered in Paris, Biscuit International employs approximately 1,900 people and generated sales in excess of €500m during the last 12 months, of which approximately two-thirds came from outside France.The com... Read more
Acquisition Adds to Global Buyout Firm’s Momentum in EuropeLOS ANGELES (February 14, 2020) – Platinum Equity today announced the acquisition of Bi... Read more
Acquisition Adds to Global Buyout Firm’s Momentum in EuropeLOS ANGELES (February 14, 2020) – Platinum Equity toda. Read more
February 10, 2020
Vertiv Lists on the New York Stock Exchange Following Business Combination with GS Acquisition Holdings Corp
Pure-play critical digital infrastructure provider to trade under the ticker symbol VRT Feb. 10, 2020 COLUMBUS, Ohio–(BUSINESS WIRE)–Vertiv Holdings Co, a global provider of critical digital infrastructure and continuity solutions, today announced the completion of the business combination of GS Acquisition Holdings Corp and Vertiv Holdings, LLC. The combination was approved by GS Acquisition Holdings Corp shareholders on Febru... Read more
Pure-play critical digital infrastructure provider to trade under the ticker symbol VRT Feb. 10, 2020 COLUMBUS, Ohio–(BUSINESS WIRE)&ndas... Read more
Pure-play critical digital infrastructure provider to trade under the ticker symbol VRT Feb. 10, 2020 COLUMBUS. Read more
