News
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...
Latest Article
Latest Article
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...
Latest Article
Latest Article
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...
Latest Article
October 13, 2010
Platinum Equity Portfolio Company Ranger Boats Announces Expansion: Company Will Invest $13 Million and Create 100+ Jobs
FLIPPIN, Arkansas (October 13, 2010) – Fishing Holdings, the parent company of Ranger Boats, the nation's largest manufacturer of premium fiberglass fishing boats, today announced the expansion of its manufacturing facility in Flippin, Arkansas. The company will invest $13 million to retool, transition and expand its facilities, which will create more than 115 new jobs. The additional jobs will increase total employment at the manufacturing fac... Read more
FLIPPIN, Arkansas (October 13, 2010) – Fishing Holdings, the parent company of Ranger Boats, the nation's largest manufacturer of premium fiberglass... Read more
FLIPPIN, Arkansas (October 13, 2010) – Fishing Holdings, the parent company of Ranger Boats, the nation's largest m. Read more
October 12, 2010
Ulticom Agrees to be Acquired by Platinum Equity
Mount Laurel, NJ (October 12, 2010) Ulticom, Inc. (NASDAQ: ULCM) ("Ulticom" or "Company") announced today that it has signed a definitive merger agreement with affiliates of Platinum Equity, LLC providing for the acquisition of Ulticom by an affiliate of Platinum Equity for merger consideration of $2.33 per share in cash, after payment of a special dividend in the amount of $5.74 per share in cash. Shares held by Ulticom's controlling sharehold... Read more
Mount Laurel, NJ (October 12, 2010) Ulticom, Inc. (NASDAQ: ULCM) ("Ulticom" or "Company") announced today that it has signed a definitive merger agr... Read more
Mount Laurel, NJ (October 12, 2010) Ulticom, Inc. (NASDAQ: ULCM) ("Ulticom" or "Company") announced today that it h. Read more
September 08, 2010
Platinum Equity Portfolio Company PEAK Technologies Leverages ITSmobile Solution to Extend SAP® Workflow Approvals to Sales and Executive Management Team via BlackBerry® Devices
COLUMBIA, MD -- (MARKET WIRE) -- 09/08/10 -- PEAK Technologies, a Platinum Equity Company, today announced it has extended SAP workflow approvals for sales quotations to authorized PEAK users via their BlackBerry devices using the ITSmobile interface.PEAK has been a user of SAP ERP since March 2008, and since go-live has required authorized team members to review and approve sales quotations via SAP workflow from their fixed workstation. Wh... Read more
COLUMBIA, MD -- (MARKET WIRE) -- 09/08/10 -- PEAK Technologies, a Platinum Equity Company, today announced it has extended SAP workflow approvals f... Read more
COLUMBIA, MD -- (MARKET WIRE) -- 09/08/10 -- PEAK Technologies, a Platinum Equity Company, today announced it has . Read more
September 02, 2010
Alliance Entertainment acquired from Source Interlink Companies by Platinum Equity
Alliance Entertainment acquired from Source Interlink Companies by Platinum Equity... Read more
Alliance Entertainment acquired from Source Interlink Companies by Platinum Equity... Read more
Alliance Entertainment acquired from Source Interlink Companies by Platinum Equity. Read more
September 01, 2010
Platinum Equity and The Gores Group Acquire Alliance Entertainment from Source Interlink
Firms Form Joint Venture That Will Operate CD-DVD-Game Distributor as a Standalone BusinessLOS ANGELES, CA (September 1, 2010) – Platinum Equity and The Gores Group today announced that they have acquired Alliance Entertainment from Source Interlink Companies, Inc. Financial terms of the transaction were not disclosed.Alliance Entertainment is the largest wholesale distributor of CD, DVD and videogame titles in the United States, providing di... Read more
Firms Form Joint Venture That Will Operate CD-DVD-Game Distributor as a Standalone BusinessLOS ANGELES, CA (September 1, 2010) – Platinum Equity and... Read more
Firms Form Joint Venture That Will Operate CD-DVD-Game Distributor as a Standalone BusinessLOS ANGELES, CA (September. Read more
September 01, 2010
MegaPath, Covad, Speakeasy Merger Closes
Creates New Communications Powerhouse, Offering a Full Range of Nationwide IP Voice, Security, VPN and Internet ServicesSAN JOSE, Calif.– (BUSINESS WIRE)--MegaPath, Covad and Speakeasy today announced regulatory approval and the completion of their merger, creating a next generation Managed Services Local Exchange Carrier (MSLEC). The new company will have relationships with more than 85,000 business customers and over 4,500 partners througho... Read more
Creates New Communications Powerhouse, Offering a Full Range of Nationwide IP Voice, Security, VPN and Internet ServicesSAN JOSE, Calif.– (BUSINES... Read more
Creates New Communications Powerhouse, Offering a Full Range of Nationwide IP Voice, Security, VPN and Internet Servi. Read more
August 18, 2010
Platinum Equity Portfolio Brand Glastron Boats Launches 2011 Models from New Facility
Boat builder hosts dealers at Open House event in new facilityCadillac, Michigan, August 18, 2010 – Rec Boat Holdings announces the launch of its 2011 model year line up for Glastron Boats, with an Open House event conducted at the new manufacturing facility in Cadillac, Michigan. Dealers from all over North America and International markets attended the series of business meetings with opportunities to meet with the new management team, new pl... Read more
Boat builder hosts dealers at Open House event in new facilityCadillac, Michigan, August 18, 2010 – Rec Boat Holdings announces the launch of its 20... Read more
Boat builder hosts dealers at Open House event in new facilityCadillac, Michigan, August 18, 2010 – Rec Boat Holdin. Read more
August 03, 2010
Excel Telecommunications Acquisition Closed by Platinum Equity Portfolio Company Matrix Telecom
DALLAS – August 3, 2010 - Matrix Telecom Inc. ("Matrix"), a Platinum Equity company and provider of voice and data services to small and medium enterprise and residential customers across the United States, today announced it has completed the acquisition of substantially all the customer relationships and assets of Irving-based Comtel Telcom Assets LP, operating as Excel Telecommunications ("Excel") from Denham Capital.Financial terms of the t... Read more
DALLAS – August 3, 2010 - Matrix Telecom Inc. ("Matrix"), a Platinum Equity company and provider of voice and data services to small and medium ente... Read more
DALLAS – August 3, 2010 - Matrix Telecom Inc. ("Matrix"), a Platinum Equity company and provider of voice and data . Read more
August 03, 2010
Platinum Equity Portfolio Company Acument Completes Divestiture of Avdel and GEC Units
LOS ANGELES, CA--(Marketwire - August 3, 2010) - Platinum Equity today announced that Acument Global Technologies has completed the sale of Acument's Avdel and Global Electronics & Commercial (GEC) business units to Asia Trading Company Limited, a company owned indirectly by funds advised by CVC Asia Pacific and Standard Chartered Private Equity Limited (SCPEL). Terms of the divestiture were not disclosed.Avdel manufactures and markets blind ... Read more
LOS ANGELES, CA--(Marketwire - August 3, 2010) - Platinum Equity today announced that Acument Global Technologies has completed the sale of Acument's ... Read more
LOS ANGELES, CA--(Marketwire - August 3, 2010) - Platinum Equity today announced that Acument Global Technologies has. Read more
July 29, 2010
Triton Boats Acquired from Brunswick by Platinum Equity Portfolio Company Fishing Holdings
FLIPPIN, Ark. (July 29, 2010) – Fishing Holdings, LLC, a premier manufacturer and marketer of fiberglass fishing boats owned by an affiliate of Platinum Equity, announces its acquisition of Triton Boats from Brunswick Corporation. Terms of the transaction are not disclosed.Triton founder Earl Bentz will join Fishing Holdings and resume his role at the helm of Triton Boats. Additionally, several key members of Triton's executive manage... Read more
FLIPPIN, Ark. (July 29, 2010) – Fishing Holdings, LLC, a premier manufacturer and marketer of fiberglass fishing boats owned by an affiliate of ... Read more
FLIPPIN, Ark. (July 29, 2010) – Fishing Holdings, LLC, a premier manufacturer and marketer of fiberglass fishin. Read more
