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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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February 23, 2012
Platinum Equity Company Data2Logistics Global Expansion Increases in Europe
Fort Myers, FL – Global freight bill advisor and processor Data2Logistics announces additional representation in Europe as a component of the company's further global expansion, increasing the company's continental footprint. Included in Data2Logistics's European expansion are Jos van der Meulen and Johan Kool as Business Development Managers in the Benelux region, Reinhold Säckl as Country Manager in Germany and Peter Hodgson as Country Manag... Read more
Fort Myers, FL – Global freight bill advisor and processor Data2Logistics announces additional representation in Europe as a component of the compan... Read more
Fort Myers, FL – Global freight bill advisor and processor Data2Logistics announces additional representation in Eu. Read more
February 07, 2012
Platinum Equity Company Truesense Imaging Announces Company Name as an Independent Operation
Rochester, NY – Truesense™ Imaging, a leading provider of high-performance image sensors for commercial, industrial, and professional imaging applications, today formally announced its new corporate identity. Formerly the Image Sensor Solutions (ISS) division of Eastman Kodak Company, Truesense Imaging was acquired by Platinum Equity through a transaction with Kodak that closed on November 7, 2011 and Truesense is now operating as an independ... Read more
Rochester, NY – Truesense™ Imaging, a leading provider of high-performance image sensors for commercial, industrial, and professional imaging appl... Read more
Rochester, NY – Truesense™ Imaging, a leading provider of high-performance image sensors for commercial, industri. Read more
February 06, 2012
Platinum Equity to Acquire DMS Health Care Technologies
Los Angeles, CA – Platinum Equity announced today that it has signed a definitive agreement to acquire DMS Health Technologies from Otter Tail Corporation. Platinum did not disclose terms of the agreement. The transaction is subject to regulatory approval and certain closing conditions.“DMS Health Technologies has a great reputation and we share the company’s commitment to the highest levels of customer service,” said Brian Wall, the part... Read more
Los Angeles, CA – Platinum Equity announced today that it has signed a definitive agreement to acquire DMS Health Technologies from Otter Tail Corpo... Read more
Los Angeles, CA – Platinum Equity announced today that it has signed a definitive agreement to acquire DMS Health T. Read more
February 01, 2012
Platinum Equity Completes Sale of 3B
Los Angeles, CA – Platinum Equity announced today it has completed the sale of 3B - The Fibreglass Company ("3B") to Binani Industries Limited. Platinum did not disclose terms of the agreement.Headquartered in Battice, Belgium, 3B is a European leader in the production of fiberglass composite materials and is a preferred supplier to global leaders in the automotive, wind energy, and other industries.Platinum acquired the manufacturing plants, i... Read more
Los Angeles, CA – Platinum Equity announced today it has completed the sale of 3B - The Fibreglass Company ("3B") to Binani Industries Limited. Plat... Read more
Los Angeles, CA – Platinum Equity announced today it has completed the sale of 3B - The Fibreglass Company ("3B") t. Read more
January 31, 2012
Platinum Equity Sells Canvas Systems to Avnet
Los Angeles, CA – Platinum Equity announced today that it sold Canvas Systems to Avnet, Inc. (NYSE:AVT). Canvas is an independent supplier of IT hardware and services. Terms of the transaction were not disclosed.Platinum acquired controlling interest in Canvas in 2009 from OHC, LLC. OHC retained a minority interest in Canvas under Platinum’s ownership and has also sold its position to Avnet in connection with the transaction announced today... Read more
Los Angeles, CA – Platinum Equity announced today that it sold Canvas Systems to Avnet, Inc. (NYSE:AVT). Canvas is an independent supplier of IT h... Read more
Los Angeles, CA – Platinum Equity announced today that it sold Canvas Systems to Avnet, Inc. (NYSE:AVT). Canvas i. Read more
January 04, 2012
Platinum Equity Company Schutt Sports Becomes First Million-Dollar Corporate Sponsor of Elite Football League of India
As reported by The Dallas Morning News, Platinum Equity portfolio company, Schutt Sports, maker of American-style football helmets and face guards, has become the first million-dollar corporate sponsor of the Elite Football League of India (EFLI). The company's president and CEO, Robert Erb, stated, "We're obviously excited about putting the game's best helmets and equipment on the EFLI players, but beyond that, we're in complete agreement with E... Read more
As reported by The Dallas Morning News, Platinum Equity portfolio company, Schutt Sports, maker of American-style football helmets and face guards, ha... Read more
As reported by The Dallas Morning News, Platinum Equity portfolio company, Schutt Sports, maker of American-style foo. Read more
January 03, 2012
Platinum Equity Acquires Keen Transport
Los Angeles, CA – Platinum Equity announced today that it has acquired Keen Transport Company, which includes Keen Transport, Inc. and Cressler Trucking, Inc. Keen Transport is a national provider of heavy-haul logistics and transportation services for the construction, mining, and agriculture equipment markets. Cressler Trucking is a general commodity carrier that provides packaged goods transportation, primarily in the Northeast United States... Read more
Los Angeles, CA – Platinum Equity announced today that it has acquired Keen Transport Company, which includes Keen Transport, Inc. and Cressler Truc... Read more
Los Angeles, CA – Platinum Equity announced today that it has acquired Keen Transport Company, which includes Keen . Read more
December 12, 2011
Platinum Equity Company Ryerson Acquires Turret Steel
Chicago, IL – Ryerson Inc., a leading distributor and processor of metals in North America, announced today that it has acquired Turret Steel Industries, Inc. and Sunbelt-Turret Steel, Inc., steel service centers headquartered in Pittsburgh.The acquisition also includes Turret-affiliated companies Wilcox Steel and Imperial Logistics. Turret and its affiliates generate annual revenues of approximately $130 million. Terms of the transaction were ... Read more
Chicago, IL – Ryerson Inc., a leading distributor and processor of metals in North America, announced today that it has acquired Turret Steel Indust... Read more
Chicago, IL – Ryerson Inc., a leading distributor and processor of metals in North America, announced today that it. Read more
December 05, 2011
Platinum Equity Company Schutt Sports Features New Youth Helmet Designs, Provides Education at Pop Warner Super Bowl
Orlando, FL – Youth football players across the country are receiving NFL-level protection during this week's Pop Warner Super Bowl games at the ESPN Wide World of Sports – thanks to Schutt Sports, the official helmet and reconditioner of Pop Warner Football.The athletes are wearing youth versions of the Schutt AiR XP and DNA Pro+, two of the most popular helmets in the NFL. Featured on the helmets this year is Schutt's all-new, exclusive Aqu... Read more
Orlando, FL – Youth football players across the country are receiving NFL-level protection during this week's Pop Warner Super Bowl games at the ESP... Read more
Orlando, FL – Youth football players across the country are receiving NFL-level protection during this week's Pop W. Read more
December 05, 2011
Platinum Equity Completes Sale of The San Diego Union-Tribune
Los Angeles and San Diego, CA – Platinum Equity announced today it has completed the sale of The San Diego Union-Tribune to MLIM LLC, owned by San Diego entrepreneur Doug Manchester. Terms of the agreement were not disclosed."We are grateful to have been part of the San Diego community and appreciate all the support we received in our time here," said Tom Gores, Platinum Equity Chairman and CEO. "Many people contributed to the transformation ... Read more
Los Angeles and San Diego, CA – Platinum Equity announced today it has completed the sale of The San Diego Union-Tribune to MLIM LLC, owned by San D... Read more
Los Angeles and San Diego, CA – Platinum Equity announced today it has completed the sale of The San Diego Union-Tr. Read more
