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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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November 30, 2011
Platinum Equity Company Ryerson Announces New Long Products Service Center in Houston
As reported in the Houston Business Journal, Ryerson, a Platinum Equity portfolio company and Chicago-based metals distributor and processor, is opening a new service center in Northwest Houston. The 50,000 square foot service center will primarily serve oil and gas industry customers.The center will process and distribute products including metal bars and rods used in piping and construction, and will serve as a hub to distribute Ryerson product... Read more
As reported in the Houston Business Journal, Ryerson, a Platinum Equity portfolio company and Chicago-based metals distributor and processor, is openi... Read more
As reported in the Houston Business Journal, Ryerson, a Platinum Equity portfolio company and Chicago-based metals di. Read more
November 17, 2011
Platinum Equity to Sell The San Diego Union-Tribune to Doug Manchester
Los Angeles and San Diego, CA – Platinum Equity announced today it has signed a definitive agreement to sell The San Diego Union-Tribune (“Union-Tribune” or “U-T”) to MLIM LLC, owned by San Diego entrepreneur, Doug Manchester. San Diego media executive John Lynch serves as President and CEO of MLIM.Terms of the agreement were not disclosed. The transaction is expected to close no later than December 15. No further comment will be prov... Read more
Los Angeles and San Diego, CA – Platinum Equity announced today it has signed a definitive agreement to sell The San Diego Union-Tribune (“Union-T... Read more
Los Angeles and San Diego, CA – Platinum Equity announced today it has signed a definitive agreement to sell The Sa. Read more
November 14, 2011
Platinum Equity Company Ryerson Announces New Salt Lake City Service Center Opening
Chicago, -- Ryerson Inc., a leading processor and distributor of metals in North America and Asia, recently celebrated the grand opening of their newest service center located in Salt Lake City, Utah.The new 54,000-square-foot facility is centrally located in the heart of the Salt Lake City business district. The facility houses a large offering of long products and serves as the hub for these products for Ryerson branches in the Western United S... Read more
Chicago, -- Ryerson Inc., a leading processor and distributor of metals in North America and Asia, recently celebrated the grand opening of their newe... Read more
Chicago, -- Ryerson Inc., a leading processor and distributor of metals in North America and Asia, recently celebrate. Read more
November 11, 2011
“Seats for Soldiers” Free Ticket Offer Continues
As reported in The Oakland Press, Palace Sports & Entertainment (PS&E), a Platinum Equity portfolio company, is continuing its support for the United States Armed Forces with its "Seats for Soldiers" free ticket offer. This offer applies to all military members and veterans, including their families.The initial summer 2011 "Seats for Soldiers" offer was well received, with tickets given away during the summer concert series at DTE Energy ... Read more
As reported in The Oakland Press, Palace Sports & Entertainment (PS&E), a Platinum Equity portfolio company, is continuing its support for the... Read more
As reported in The Oakland Press, Palace Sports & Entertainment (PS&E), a Platinum Equity portfolio company, . Read more
November 07, 2011
Kodak Sells Image Sensor Business to Platinum Equity
Rochester, NY – Eastman Kodak Company (NYSE:EK) announced today that it has completed the sale of its Image Sensor Solutions (ISS) business to Platinum Equity in a move that will sharpen Kodak’s operational focus and strengthen its financial position.While the financial details were not disclosed, Kodak will have continuing access to the image sensor technology involved in this transaction for use in its own products. Kodak has previously com... Read more
Rochester, NY – Eastman Kodak Company (NYSE:EK) announced today that it has completed the sale of its Image Sensor Solutions (ISS) business to Plati... Read more
Rochester, NY – Eastman Kodak Company (NYSE:EK) announced today that it has completed the sale of its Image Sensor . Read more
October 27, 2011
Platinum Equity Acquires NESCO
Los Angeles, CA and New York, NY – Platinum Equity and Hammond, Kennedy, Whitney & Company, Inc. ("HKW") jointly announced today that Platinum Equity has acquired NESCO from an investor group led by HKW. NESCO founder and CEO, Rob Troxel, will retain an ownership stake in the business going forward. Terms of the transaction were not disclosed.Based in Bluffton, IN, NESCO is a leading provider of fleet equipment rental, sales and services fo... Read more
Los Angeles, CA and New York, NY – Platinum Equity and Hammond, Kennedy, Whitney & Company, Inc. ("HKW") jointly announced today that Platinum E... Read more
Los Angeles, CA and New York, NY – Platinum Equity and Hammond, Kennedy, Whitney & Company, Inc. ("HKW") jointl. Read more
October 27, 2011
KEMET Announces Election of Jacob Kotzubei to KEMET Board of Directors
Greenville, SC,-- KEMET Corporation (NYSE: KEM) (the "Company"), a leading manufacturer of tantalum, ceramic, aluminum, film, paper, and electrolytic capacitors, announced today that Jacob Kotzubei has been elected to the Company's Board of Directors. On October 25, 2011, the Company's Board of Directors increased the size of the Board to nine members and elected Mr. Kotzubei to fill the resulting vacancy, placing him in the Board of Directors' C... Read more
Greenville, SC,-- KEMET Corporation (NYSE: KEM) (the "Company"), a leading manufacturer of tantalum, ceramic, aluminum, film, paper, and electrolytic ... Read more
Greenville, SC,-- KEMET Corporation (NYSE: KEM) (the "Company"), a leading manufacturer of tantalum, ceramic, aluminu. Read more
October 25, 2011
QuarkXPress 9 from Platinum Equity Company Quark Named Publishing Product of the Year by <i>MacUser</i>
Platinum Equity portfolio company, Quark, announced today that QuarkXPress® 9.1 with App StudioTM has won the MacUser Award for Publishing Product of the Year. The annual MacUser Awards recognize the best products released each year for Apple users. In this year's publishing category QuarkXPress beat out Adobe Dreamweaver CS5.5, Adobe InDesign CS5.5 and Digital Publishing Suite, Aquafadas Digital Publishing Suite, Mag+, Nuance PDF Converter Prof... Read more
Platinum Equity portfolio company, Quark, announced today that QuarkXPress® 9.1 with App StudioTM has won the MacUser Award for Publishing Product of... Read more
Platinum Equity portfolio company, Quark, announced today that QuarkXPress® 9.1 with App StudioTM has won the MacUse. Read more
October 20, 2011
Platinum Equity Company Keystone Automotive Operations Acquires NTP Distribution
Exeter, PA – Keystone Automotive Operations, Inc., the leader in distributing specialty automotive components and accessories, in coordination with its majority shareholders Platinum Equity, announced today that it has acquired NTP Distribution Inc. (NTP) is a privately held provider of quality aftermarket products, parts, and accessories for dealers in the recreational vehicle (RV) and towing industries."This is a terrific example of how Keyst... Read more
Exeter, PA – Keystone Automotive Operations, Inc., the leader in distributing specialty automotive components and accessories, in coordination with ... Read more
Exeter, PA – Keystone Automotive Operations, Inc., the leader in distributing specialty automotive components and a. Read more
October 12, 2011
Platinum Equity Company Quark Special Upgrade Program Benefits Owners of Early Versions
As reported in Macworld, an online source for Apple- and software-related news, Quark, a Platinum Equity portfolio company, is looking to the past to generate interest in the future. Quark has created a special upgrade program making the latest version of QuarkXPress available at a discount to all owners of previous versions of the software.“We know there are QuarkXPress enthusiasts that are still working with older versions and we’d like to ... Read more
As reported in Macworld, an online source for Apple- and software-related news, Quark, a Platinum Equity portfolio company, is looking to the past to ... Read more
As reported in Macworld, an online source for Apple- and software-related news, Quark, a Platinum Equity portfolio co. Read more
