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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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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 19, 2013
Platinum Equity Completes Acquisition Of Bridge Terminal Transport From Maersk Inc.
Los Angeles (Sept. 19, 2013) – Platinum Equity today announced it has completed the acquisition of substantially all the assets of Bridge Terminal Transport, Inc. from Maersk Inc., a subsidiary of the A.P. Moller-Maersk Group. Financial terms of the transaction were not disclosed. The business will continue to operate under the Bridge Terminal Transport ("BTT") brand going forward. BTT, based in Charlotte, NC, is one of the largest drayage p... Read more
Los Angeles (Sept. 19, 2013) – Platinum Equity today announced it has completed the acquisition of substantially all the assets of Bridge Terminal T... Read more
Los Angeles (Sept. 19, 2013) – Platinum Equity today announced it has completed the acquisition of substantially al. Read more
September 05, 2013
Platinum Equity and The Gores Group Sell Alliance Entertainment to Super D
LOS ANGELES, CA (September 5, 2013) – Platinum Equity and The Gores Group announced today the sale of Alliance Entertainment to California-based music and video wholesaler Super D. Financial terms of the transaction were not disclosed. Alliance is the largest wholesale distributor of CD, DVD and Blu-Ray titles in the United States, providing distribution, fulfillment and other services to such retailers as Barnes & Noble, A... Read more
LOS ANGELES, CA (September 5, 2013) – Platinum Equity and The Gores Group announced today the sale of Alliance Entertainment to California-based... Read more
LOS ANGELES, CA (September 5, 2013) – Platinum Equity and The Gores Group announced today the sale of Alliance . Read more
September 03, 2013
Platinum Equity Closes $3.75 Billion Private Equity Fund
LOS ANGELES, CA (September 3, 2013) – Platinum Equity today announced the closing of Platinum Equity Capital Partners III, a buyout fund focused on investing in businesses that can benefit from Platinum’s operational expertise. The fund closed on its target size of $3,750,000,000 in capital commitments. It is the successor to a $2,750,000,000 fund that closed in 2008 and a $700,000,000 fund that closed in 2004. Prior to the first fund, Pla... Read more
LOS ANGELES, CA (September 3, 2013) – Platinum Equity today announced the closing of Platinum Equity Capital Partners III, a buyout fund focused o... Read more
LOS ANGELES, CA (September 3, 2013) – Platinum Equity today announced the closing of Platinum Equity Capital Part. Read more
August 29, 2013
Platinum Equity Rebrands Exel Direct as MXD Group
Columbus, OH, (Aug. 29, 2013) – Platinum Equity today announced the rebranding of home delivery business Exel Direct as MXD Group. Platinum Equity acquired Exel Direct, Inc. from Exel Inc., a subsidiary of Deutsche Post DHL, in May 2013.Exel Direct specializes in high-touch “white glove” delivery services for North American retail brands across a variety of consumer segments. The business executes approximately 2.3 million deliveries annual... Read more
Columbus, OH, (Aug. 29, 2013) – Platinum Equity today announced the rebranding of home delivery business Exel Direct as MXD Group. Platinum Equity a... Read more
Columbus, OH, (Aug. 29, 2013) – Platinum Equity today announced the rebranding of home delivery business Exel Direc. Read more
August 07, 2013
Maersk Inc. Announces Sale of Bridge Terminal Transport, Inc. to Platinum Equity
MADISON, NJ - Aug 7, 2013 - Maersk Inc., a subsidiary of the A.P. Moller-Maersk Group, announced today that it has entered into an agreement to sell substantially all the assets of its subsidiary Bridge Terminal Transport, Inc. (BTT) to an affiliate of Platinum Equity, a Los Angeles-based private equity firm.The transaction is expected to be completed on or about September 1, 2013, subject to satisfaction of customary closing conditions. The tr... Read more
MADISON, NJ - Aug 7, 2013 - Maersk Inc., a subsidiary of the A.P. Moller-Maersk Group, announced today that it has entered into an agreement to sell... Read more
MADISON, NJ - Aug 7, 2013 - Maersk Inc., a subsidiary of the A.P. Moller-Maersk Group, announced today that it has . Read more
August 05, 2013
Emerson Reaches Agreement to Sell Majority Interest in Embedded Computing & Power Business to Platinum Equity
ST. LOUIS--August 06, 2013--Emerson (NYSE: EMR) today announced an agreement to sell a 51 percent stake in its embedded computing and power business to Platinum Equity. Emerson will receive approximately $300 million in cash and will retain a 49 percent noncontrolling interest in the business, which will operate as an independent company. Share repurchase will be increased by $600 million to offset associated earnings dilution. "After extensive ... Read more
ST. LOUIS--August 06, 2013--Emerson (NYSE: EMR) today announced an agreement to sell a 51 percent stake in its embedded computing and power business t... Read more
ST. LOUIS--August 06, 2013--Emerson (NYSE: EMR) today announced an agreement to sell a 51 percent stake in its embedd. Read more
July 16, 2013
Platinum Equity Makes Irrevocable Binding Offer of $225 Million for CBS Outdoor International
Los Angeles and New York (July 16, 2013) – Platinum Equity and CBS Corporation (NYSE: CBS.A and CBS) announced today that an affiliate of Platinum Equity has made an irrevocable binding offer to acquire the assets of CBS Outdoor International (“CBSO International”). The proposed transaction represents a total value of approximately $225 million and is subject to completion of works council consultation and other conditions.CBSO Internatio... Read more
Los Angeles and New York (July 16, 2013) – Platinum Equity and CBS Corporation (NYSE: CBS.A and CBS) announced today that an affiliate of Platinum E... Read more
Los Angeles and New York (July 16, 2013) – Platinum Equity and CBS Corporation (NYSE: CBS.A and CBS) announced toda. Read more
June 18, 2013
Neovia Logistics To Acquire MIQ Contract Logistics Business
DOWNERS GROVE, Ill. (June 18, 2013) – Neovia Logistics, a global provider of complex supply chain solutions and logistics services primarily serving the automotive, industrial, mining, aerospace and defense industries, announced today that it has signed a definitive agreement to acquire the contract logistics division of MIQ Holdings, Inc. The contract logistics business provides warehouse management and fulfillment services, distribution so... Read more
DOWNERS GROVE, Ill. (June 18, 2013) – Neovia Logistics, a global provider of complex supply chain solutions and logistics services primarily serving... Read more
DOWNERS GROVE, Ill. (June 18, 2013) – Neovia Logistics, a global provider of complex supply chain solutions and log. Read more
June 07, 2013
UNICOM Systems acquires U.S. Robotics from Platinum Equity
Los Angeles, CA and Schaumburg, IL (June 7, 2013) - UNICOM® Global is pleased to announce that its Founder, President and CEO, Mr. Corry Hong, today signed an all-cash deal to acquire U.S. Robotics Corporation, a Delaware corporation, and its domestic parent Rockstar Holding Corporation, as well as its US Subsidiary, U.S. Robotics Americas LLC, its UK Subsidiary, U.S. Robotics (U.K.) Limited, and its German Subsidiary, U.S. Robotics (Deutschland... Read more
Los Angeles, CA and Schaumburg, IL (June 7, 2013) - UNICOM® Global is pleased to announce that its Founder, President and CEO, Mr. Corry Hong, today ... Read more
Los Angeles, CA and Schaumburg, IL (June 7, 2013) - UNICOM® Global is pleased to announce that its Founder, Presiden. Read more
May 02, 2013
Platinum Equity Completes Acquisition of CheckView
LOS ANGELES, Calif. (May 2, 2013) – Platinum Equity announced today that it has completed the acquisition of CheckView from Checkpoint Systems, Inc. (NYSE: CKP).CheckView is a leading security systems integrator that provides physical and electronic security solutions exclusively for retail customers. The company markets fire and life safety alarm systems, intrusion alarm and access control systems, digital anti-theft video solutions, and cen... Read more
LOS ANGELES, Calif. (May 2, 2013) – Platinum Equity announced today that it has completed the acquisition of CheckView from Checkpoint Systems, Inc.... Read more
LOS ANGELES, Calif. (May 2, 2013) – Platinum Equity announced today that it has completed the acquisition of CheckV. Read more
