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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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January 06, 2011
Robert Klap Joins Platinum Equity as Principal
LOS ANGELES, CA – (Marketwire) – Platinum Equity announced today that Robert Klap will join the firm as a principal based in London, where he will assist the firm's investor relations, capital raising and deal origination programs.Most recently, Mr. Klap was an executive at UBS in London, responsible for managing private equity fund investments in the bank's wealth management group. Previously, he was a private equity portfolio manager at She... Read more
LOS ANGELES, CA – (Marketwire) – Platinum Equity announced today that Robert Klap will join the firm as a principal based in London, where he will... Read more
LOS ANGELES, CA – (Marketwire) – Platinum Equity announced today that Robert Klap will join the firm as a princip. Read more
December 21, 2010
Platinum Equity Completes Acquisition of American Commercial Lines
Los Angeles, CA--Platinum Equity announced today that it has completed the acquisition of American Commercial Lines Inc. (“ACL”), one of the largest and most diversified inland marine transportation and service companies in the United States.The acquisition was a public-to-private transaction in which Platinum Equity agreed to acquire most outstanding shares of ACL stock for $33.00 per share. ACL stockholder GVI Holdings, Inc. and certain of ... Read more
Los Angeles, CA--Platinum Equity announced today that it has completed the acquisition of American Commercial Lines Inc. (“ACL”), one of the large... Read more
Los Angeles, CA--Platinum Equity announced today that it has completed the acquisition of American Commercial Lines I. Read more
December 16, 2010
Platinum Equity Acquires Schutt Sports
LOS ANGELES, CA – Platinum Equity announced today that it has completed the acquisition of substantially all the assets of Schutt Sports through a transaction conducted under Section 363 of the U.S. Bankruptcy Code. The United States Bankruptcy Court for the District of Delaware approved the transaction on December 15, 2010.Schutt Sports is a leading domestic manufacturer of protective sports equipment and aftermarket reconditioning services."S... Read more
LOS ANGELES, CA – Platinum Equity announced today that it has completed the acquisition of substantially all the assets of Schutt Sports through a t... Read more
LOS ANGELES, CA – Platinum Equity announced today that it has completed the acquisition of substantially all the as. Read more
December 10, 2010
Renewable Energy Device Supplier KEMET is Back
E•Boom Finance coverage of the role Platinum Equity played in the survival and long-term fitness of capacitor manufacturer KEMET.A global supplier of devices critical to the renewable energy and other sectors, KEMET went public in October 1992. When its markets collapsed in 2008 and with looming debt repayment deadlines, KEMET shares plummeted and the company was delisted from the New York Stock Exchange.Platinum Equity met with the KEMET manag... Read more
E•Boom Finance coverage of the role Platinum Equity played in the survival and long-term fitness of capacitor manufacturer KEMET.A global supplier o... Read more
E•Boom Finance coverage of the role Platinum Equity played in the survival and long-term fitness of capacitor manuf. Read more
December 03, 2010
Platinum Equity Acquires Ulticom
Los Angeles, CA —Platinum Equity announced today that it has completed the acquisition of Ulticom, Inc., a provider of signaling software used in communications networks.The acquisition was a public-to-private transaction in which Platinum Equity acquired outstanding shares of Ulticom stock for merger consideration of $2.33 per share, after payment of a special dividend in the amount of $5.74 per share in cash. Shares of Ulticom stock held by... Read more
Los Angeles, CA —Platinum Equity announced today that it has completed the acquisition of Ulticom, Inc., a provider of signaling software used in co... Read more
Los Angeles, CA —Platinum Equity announced today that it has completed the acquisition of Ulticom, Inc., a provider. Read more
December 01, 2010
Platinum Equity Acquires Ecka Granules Assets
Los Angeles, CA —Platinum Equity announced today it has acquired substantially all material assets of ECKA Granules, a Germany-based manufacturer and distributor of metal powders to a broad range of industries. The acquisition which includes copper, aluminum and magnesium powder manufacturing plants and sales offices will, upon registration of all share transfers, include Australia, Austria, Bahrain, China, Germany, Slovenia, Switzerland, the U... Read more
Los Angeles, CA —Platinum Equity announced today it has acquired substantially all material assets of ECKA Granules, a Germany-based manufacturer an... Read more
Los Angeles, CA —Platinum Equity announced today it has acquired substantially all material assets of ECKA Granules. Read more
November 29, 2010
Ryerson Announces New Iowa Plate Processing Center
CHICAGO -- Ryerson Inc., a leading processor and distributor of metals in North America and China today announced that it will open a plate processing center in Eldridge, Iowa. The 175,000-square-foot facility is expected to begin operations in July 2011. The processing capabilities include laser cutting, plasma and oxy-fuel burning, robotic beveling, plate blasting, machining and press brake bending."This new facility is a platform for serving o... Read more
CHICAGO -- Ryerson Inc., a leading processor and distributor of metals in North America and China today announced that it will open a plate processing... Read more
CHICAGO -- Ryerson Inc., a leading processor and distributor of metals in North America and China today announced tha. Read more
November 12, 2010
Pomeroy in Turnaround as Private Firm
HEBRON, KY -- (By Lisa Bernard-Kuhn, Cincinnati Enquirer) After struggling for nearly four years to turn a steady profit, Pomeroy IT Solutions says it's in the midst of a successful turnaround as a private company focused on long-term growth.Roughly one year ago, shareholders of the Hebron-based tech company approved a $68 million deal to transform the 28-year-old publicly traded business into a privately held firm. Since then, Pomeroy has grown ... Read more
HEBRON, KY -- (By Lisa Bernard-Kuhn, Cincinnati Enquirer) After struggling for nearly four years to turn a steady profit, Pomeroy IT Solutions says it... Read more
HEBRON, KY -- (By Lisa Bernard-Kuhn, Cincinnati Enquirer) After struggling for nearly four years to turn a steady pro. Read more
November 11, 2010
Ryerson Names Michael C. Arnold President and CEO
CHICAGO, IL – November 11, 2010 – Ryerson, a leading processor and distributor of metals in North America, today announced the appointment of Michael C. Arnold to the position of president and chief executive officer, effective January 10, 2011. Mr. Arnold, 54, replaces Stephen E. Makarewicz, 63, who announced in May 2010 his plan to retire and will leave after the beginning of the year once the transition is complete.“We conducted a global... Read more
CHICAGO, IL – November 11, 2010 – Ryerson, a leading processor and distributor of metals in North America, today announced the appointment of Mich... Read more
CHICAGO, IL – November 11, 2010 – Ryerson, a leading processor and distributor of metals in North America, today . Read more
October 18, 2010
Platinum Equity to Acquire American Commercial Lines
Public Stockholders to Receive $33.00 per Share in Cash; Transaction Valued at $777 Million JEFFERSONVILLE, IN -- Oct 18, 2010 -- American Commercial Lines Inc. (NASDAQ: ACLI) ("ACL" or the "Company"), one of the largest and most diversified inland marine transportation and service companies in the United States, today announced that it has entered into a definitive merger agreement to be acquired by an affiliate of Platinum Equity, in a transact... Read more
Public Stockholders to Receive $33.00 per Share in Cash; Transaction Valued at $777 Million JEFFERSONVILLE, IN -- Oct 18, 2010 -- American Commercial ... Read more
Public Stockholders to Receive $33.00 per Share in Cash; Transaction Valued at $777 Million JEFFERSONVILLE, IN -- Oct. Read more
