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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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September 08, 2014
Bemis Agrees to Sell Its Pressure Sensitive Materials Business to Platinum Equity
NEENAH, WI. (September 08, 2014) Bemis Company, Inc. (NYSE:BMS) announced today that it has reached an agreement to sell its global Pressure Sensitive Materials business (known as "MACtac") to Platinum Equity, a California-based private equity firm, for a purchase price of $170 million. This transaction, which is subject to customary closing conditions and regulatory approval, is expected to close during the fourth quarter of 2014. The Company pl... Read more
NEENAH, WI. (September 08, 2014) Bemis Company, Inc. (NYSE:BMS) announced today that it has reached an agreement to sell its global Pressure Sensitive... Read more
NEENAH, WI. (September 08, 2014) Bemis Company, Inc. (NYSE:BMS) announced today that it has reached an agreement to s. Read more
August 27, 2014
Platinum Equity Completes Sale of Active Aero to Roadrunner Transportation Systems
LOS ANGELES, CA (August 27, 2014) – Platinum Equity announced today that the sale of Active Aero Group to Roadrunner Transportation Systems, Inc. (NYSE: RRTS) has been completed. Active Aero is a provider of supply-chain solutions focused on transportation logistics for customers with sensitive or time-critical freight, principally in the United States and Mexico.“Through a great collaboration with Active Aero’s management team, we fundamen... Read more
LOS ANGELES, CA (August 27, 2014) – Platinum Equity announced today that the sale of Active Aero Group to Roadrunner Transportation Systems, Inc. (N... Read more
LOS ANGELES, CA (August 27, 2014) – Platinum Equity announced today that the sale of Active Aero Group to Roadrunne. Read more
August 11, 2014
Platinum Equity Announces Sale of Active Aero to Roadrunner Transportation Systems
Proposed Sale Marks Platinum Equity’s Seventh Divestiture of 2014 and Demonstrates Firm’s Continued Strength in the Lower Middle MarketLOS ANGELES, CA (August 11, 2014) – Platinum Equity announced today a definitive agreement to sell Active Aero Group to Roadrunner Transportation Systems, Inc. (NYSE: RRTS). Active Aero is a provider of supply-chain solutions focused on transportation logistics for customers with sensitive or time-critical f... Read more
Proposed Sale Marks Platinum Equity’s Seventh Divestiture of 2014 and Demonstrates Firm’s Continued Strength in the Lower Middle MarketLOS ANGELES... Read more
Proposed Sale Marks Platinum Equity’s Seventh Divestiture of 2014 and Demonstrates Firm’s Continued Strength in t. Read more
July 14, 2014
Expert Global Solutions to Sell Segments of Accounts Receivable Management Business to Platinum Equity
Business Expected to Operate as TSI Once Transaction is Completed Plano, Tex., and Los Angeles, Calif. (July 14, 2014) — Expert Global Solutions (EGS), a global leader in the Business Process Outsourcing (BPO) industry, announced today that it has entered into an agreement to sell certain segments of its Accounts Receivable Management (ARM) business to Platinum Equity, a Los Angeles-based private equity firm with a highly-specialized focus on ... Read more
Business Expected to Operate as TSI Once Transaction is Completed Plano, Tex., and Los Angeles, Calif. (July 14, 2014) — Expert Global Solutions (E... Read more
Business Expected to Operate as TSI Once Transaction is Completed Plano, Tex., and Los Angeles, Calif. (July 14, 201. Read more
July 09, 2014
Platinum Equity Sells Wheel Pros to Audax
LOS ANGELES, CA (July 9, 2014) – Platinum Equity today announced the sale of Wheel Pros, a leading designer and distributor of high performance wheels and tires to the automotive aftermarket, to an affiliate of Audax Private Equity. Financial terms of the transaction were not disclosed.“Wheel Pros is a stable and successful business that has evolved into a market leader during our ownership,” said Renee Koontz, principal at Platinum Equity... Read more
LOS ANGELES, CA (July 9, 2014) – Platinum Equity today announced the sale of Wheel Pros, a leading designer and distributor of high performance whee... Read more
LOS ANGELES, CA (July 9, 2014) – Platinum Equity today announced the sale of Wheel Pros, a leading designer and dis. Read more
June 23, 2014
Platinum Equity's PBH Marine Group Sells Michigan-Based Recreational Boat Business
Turnaround Complete Four Years After Acquiring Brands out of Bankruptcy LOS ANGELES, CA (June 23, 2014) – Platinum Equity today announced the sale of Rec Boat Holdings (“RBH”), the manufacturer of Four Winns, Glastron, Wellcraft and Scarab brand boats, to the Bénéteau Group. Financial terms of the transaction were not disclosed. Platinum Equity acquired the portfolio of boat brands and related assets in... Read more
Turnaround Complete Four Years After Acquiring Brands out of Bankruptcy LOS ANGELES, CA (June 23, 2014) – Platinum Equity today a... Read more
Turnaround Complete Four Years After Acquiring Brands out of Bankruptcy LOS ANGELES, CA (June 23, 2014. Read more
June 23, 2014
Platinum Equity Sells Acument to Fontana Gruppo
Successful Eight-Year Stewardship of Detroit-based Fastener Company Highlights Value of Platinum Equity’s Operations Capabilities and Turnaround Expertise LOS ANGELES, CA (June 23, 2014) – Platinum Equity today announced the sale of Acument Global Technologies, a leading provider of mechanical fastening products and services for the transportation market, to Fontana Gruppo, an Italian manufacturer of fastening solutions. Financial te... Read more
Successful Eight-Year Stewardship of Detroit-based Fastener Company Highlights Value of Platinum Equity’s Operations Capabilities and Turnaround Exp... Read more
Successful Eight-Year Stewardship of Detroit-based Fastener Company Highlights Value of Platinum Equity’s Operation. Read more
June 10, 2014
Former Emerson EVP Craig Ashmore Brings Unique Seller’s Perspective to Platinum Equity’s Buy-Side Efforts
LOS ANGELES, CA, June 10, 2014. Former Emerson Executive Vice President Craig Ashmore, who joined Platinum Equity earlier this year in a senior business development role focused on sourcing new acquisition opportunities, today sits on the other side of the table from where he once sat during a 22-year career as an executive and corporate dealmaker. He spends much of his time meeting with executives at other large, global companies ... Read more
LOS ANGELES, CA, June 10, 2014. Former Emerson Executive Vice President Craig Ashmore, who joined Platinum Equity earlier this year in a senior busine... Read more
LOS ANGELES, CA, June 10, 2014. Former Emerson Executive Vice President Craig Ashmore, who joined Platinum Equity ear. Read more
May 01, 2014
Platinum Equity Completes Sale of Truesense Imaging
LOS ANGELES, Calif. (May 1, 2014) – Platinum Equity announced today it has completed the sale of Truesense Imaging to ON Semiconductor (NASDAQ: ONNN). Truesense Imaging is a provider of high-performance image sensing devices addressing a wide range of industrial end-markets, including machine vision, surveillance, traffic monitoring, medical and scientific imaging, and photography. “We are proud of this investment and of all the... Read more
LOS ANGELES, Calif. (May 1, 2014) – Platinum Equity announced today it has completed the sale of Truesense Imaging to ON Semiconductor (NASDAQ: ONNN... Read more
LOS ANGELES, Calif. (May 1, 2014) – Platinum Equity announced today it has completed the sale of Truesense Imaging . Read more
April 02, 2014
Platinum Equity to Sell Truesense Imaging to ON Semiconductor
LOS ANGELES, Calif. (April 2, 2014) – Platinum Equity announced today it has signed a definitive agreement to sell Truesense Imaging to ON Semiconductor (NASDAQ: ONNN). Under the terms of the agreement, ON Semiconductor will pay approximately $92 million in cash for the business.Truesense Imaging is a provider of high-performance image sensing devices addressing a wide range of industrial end-markets, including machine vision, surveillance, t... Read more
LOS ANGELES, Calif. (April 2, 2014) – Platinum Equity announced today it has signed a definitive agreement to sell Truesense Imaging to ON Semicondu... Read more
LOS ANGELES, Calif. (April 2, 2014) – Platinum Equity announced today it has signed a definitive agreement to sell . Read more
