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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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July 05, 2011
Palace Sports & Entertainment Partners with Oakland University
Auburn Hills, MI -- Palace Sports & Entertainment's success in its innovative role as sports marketer for Oakland University has paid off for both parties as the two organizations have agreed to extended the current agreement, which gives Platinum Equity's portfolio company, Palace Sports & Entertainment's (PS&E), the exclusive rights to sell sponsorship for OU's athletic teams and venues."We are pleased to continue our relationship w... Read more
Auburn Hills, MI -- Palace Sports & Entertainment's success in its innovative role as sports marketer for Oakland University has paid off for both... Read more
Auburn Hills, MI -- Palace Sports & Entertainment's success in its innovative role as sports marketer for Oakland. Read more
July 01, 2011
KEMET Announces Construction of New Manufacturing Facility in Macedonia
Greenville, SC - KEMET Corporation (NYSE: KEM), a leading manufacturer of tantalum, ceramic, aluminum, film, paper and electrolytic capacitors, today announced plans to construct a new manufacturing facility in Skopje, Macedonia.“This facility is a component of KEMET’s long-term strategy of consolidating and maintaining manufacturing for its European customer base, while fulfilling our objective of lowering the cost structure associated with ... Read more
Greenville, SC - KEMET Corporation (NYSE: KEM), a leading manufacturer of tantalum, ceramic, aluminum, film, paper and electrolytic capacitors, today ... Read more
Greenville, SC - KEMET Corporation (NYSE: KEM), a leading manufacturer of tantalum, ceramic, aluminum, film, paper an. Read more
June 30, 2011
Platinum Equity Confirms Sale of Strategic Distribution, Inc.
Los Angeles, CA – Platinum Equity confirmed today the sale of Strategic Distribution, Inc., (SDI) to LLR Equity Partners and Pouschine Cook Capital Partners. Financial terms of the transaction were not disclosed. SDI provides supply chain management solutions for industrial and institutional customers in the United States, Canada, and Mexico.Platinum Equity acquired SDI through a public-to-private transaction in March 2007 and executed an o... Read more
Los Angeles, CA – Platinum Equity confirmed today the sale of Strategic Distribution, Inc., (SDI) to LLR Equity Partners and Pouschine Cook Capital ... Read more
Los Angeles, CA – Platinum Equity confirmed today the sale of Strategic Distribution, Inc., (SDI) to LLR Equity Par. Read more
June 24, 2011
KEMET Corporation Set to Join Russell 3000 Index
Greenville, SC - KEMET Corporation (NYSE: KEM) joined the US broad-market Russell 3000 Index, according to a preliminary list of additions posted on June 17 on the Russell Investments web site.Platinum Equity made an investment in KEMET in June of 2009 and has played a role in its operational restructuring.Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and acti... Read more
Greenville, SC - KEMET Corporation (NYSE: KEM) joined the US broad-market Russell 3000 Index, according to a preliminary list of additions posted on J... Read more
Greenville, SC - KEMET Corporation (NYSE: KEM) joined the US broad-market Russell 3000 Index, according to a prelimin. Read more
June 16, 2011
Schutt Sports Acquires Adams USA Football Helmet and Faceguard Product Lines
Litchfield, IL – Schutt Sports, a leading domestic manufacturer of protective sports equipment and aftermarket reconditioning services, announced today that it acquired certain football helmet and faceguard assets from Adams USA. Financial terms of the transaction were not disclosed.Schutt Sports will assume responsibility for manufacturing the acquired product lines and will continue marketing helmets and faceguards under the Adams brand n... Read more
Litchfield, IL – Schutt Sports, a leading domestic manufacturer of protective sports equipment and aftermarket reconditioning services, announced ... Read more
Litchfield, IL – Schutt Sports, a leading domestic manufacturer of protective sports equipment and aftermarket reco. Read more
May 31, 2011
NBA Board of Governors Unanimously Approves Sale of Detroit Pistons to Tom Gores
New York, NY – The NBA Board of Governors has unanimously approved the sale of the Detroit Pistons to Tom Gores and his investment firm, Platinum Equity. The transaction is expected to close shortly."We are delighted that the NBA’s Board of Governors approved Tom Gores’ purchase of majority ownership of the Pistons,” said NBA Commissioner David Stern. “We look forward to the Pistons’ continued growth, both on and off the court, unde... Read more
New York, NY – The NBA Board of Governors has unanimously approved the sale of the Detroit Pistons to Tom Gores and his investment firm, Platinum ... Read more
New York, NY – The NBA Board of Governors has unanimously approved the sale of the Detroit Pistons to Tom Gores a. Read more
May 24, 2011
Platinum Equity Acquires Active Aero Group
Los Angeles, CA and Belleville, MI – Platinum Equity announced today that it has acquired a majority stake in Active Aero Group, Inc. (“Active Aero”), a provider of expedited transportation and logistics solutions.Platinum acquired the majority stake in Active Aero from a consortium of sellers, including Berkshire Partners LLC and Greenbriar Equity Group LLC. The sellers retained a minority interest in the business. Terms of the transaction... Read more
Los Angeles, CA and Belleville, MI – Platinum Equity announced today that it has acquired a majority stake in Active Aero Group, Inc. (“Active Aer... Read more
Los Angeles, CA and Belleville, MI – Platinum Equity announced today that it has acquired a majority stake in Activ. Read more
April 13, 2011
How a Newspaper is Fending Off Groupon
In light of the overwhelming success of Groupon and LivingSocial, a program created by The San Diego Union-Tribune is, according to DigiDay Daily, giving them a run for their money. The Daily Deal program at the Union-Tribune negotiates discounts with local merchants much like Groupon and LivingSocial.The edge that the Daily Deal maintains, however, is its front-page placement on the newspaper which is seen by over 1 million subscribers weekly. I... Read more
In light of the overwhelming success of Groupon and LivingSocial, a program created by The San Diego Union-Tribune is, according to DigiDay Daily, giv... Read more
In light of the overwhelming success of Groupon and LivingSocial, a program created by The San Diego Union-Tribune is. Read more
April 08, 2011
Karen Davidson and Tom Gores Reach Agreement on Sale of Detroit Pistons
AUBURN HILLS, MI - Palace Sports and Entertainment (PS&E) and Detroit Pistons Basketball Company (DPBC) owner Karen Davidson today announced a definitive agreement to sell PS&E, DPBC, and their respective assets -- including the NBA's Detroit Pistons, The Palace of Auburn Hills, DTE Energy Music Theatre and the operating rights to Meadow Brook Music Festival -- to financier Tom Gores and his investment firm, Platinum Equity.Terms of the a... Read more
AUBURN HILLS, MI - Palace Sports and Entertainment (PS&E) and Detroit Pistons Basketball Company (DPBC) owner Karen Davidson today announced a def... Read more
AUBURN HILLS, MI - Palace Sports and Entertainment (PS&E) and Detroit Pistons Basketball Company (DPBC) owner Kar. Read more
March 30, 2011
Platinum Equity Acquires Majority Interest in Keystone Automotive Operations, Inc.
LOS ANGELES, CA – Platinum Equity announced today that it has acquired a majority interest in Keystone Automotive Holdings, Inc., the parent company of Keystone Automotive Operations, Inc. (“Keystone”), and will work with the company’s management team on an operational plan to improve Keystone’s ability to compete in the specialty aftermarket auto parts industry. Platinum was previously Keystone’s largest bond holder and worked clo... Read more
LOS ANGELES, CA – Platinum Equity announced today that it has acquired a majority interest in Keystone Automotive Holdings, Inc., the parent company... Read more
LOS ANGELES, CA – Platinum Equity announced today that it has acquired a majority interest in Keystone Automotive H. Read more
