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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 10, 2010
Platinum Portfolio Company Acument Global Technologies’ Saturn<sup>®</sup> Fasteners Operation Earns Silver Boeing Performance Excellence Award
BURBANK, Calif. (February 10, 2010) – Aerospace fastener manufacturer Saturn® Fasteners, Inc., an operation of Acument Global Technologies, today announced it has received a 2009 Boeing Performance Excellence Award. The Boeing Company issues the award annually to recognize suppliers achieving superior levels of performance. Saturn Fasteners, located in Burbank, Calif., received the award for the second consecutive year by maintaining a minim... Read more
BURBANK, Calif. (February 10, 2010) – Aerospace fastener manufacturer Saturn® Fasteners, Inc., an operation of Acument Global Technologies, today a... Read more
BURBANK, Calif. (February 10, 2010) – Aerospace fastener manufacturer Saturn® Fasteners, Inc., an operation of Acu. Read more
February 03, 2010
BoatTEST.com Covers Platinum Equity's Purchase of Genmar
BoatTEST.com, a leading resource for marine and boating industry information, discussed the closing of Platinum’s acquisition of Genmar. BoatTEST commented on Platinum’s reputation for professionalism, integrity, and no non-sense operations. The Web site also framed Platinum as a welcomed, and much needed, addition to the boating industry.The acquisition included the Ranger, Stratos, Champion, Wellcraft, Four Winns, and Glastron boat brands; ... Read more
BoatTEST.com, a leading resource for marine and boating industry information, discussed the closing of Platinum’s acquisition of Genmar. BoatTEST co... Read more
BoatTEST.com, a leading resource for marine and boating industry information, discussed the closing of Platinum’s a. Read more
February 02, 2010
Platinum Equity Completes Acquisition of Genmar Assets
LOS ANGELES, CA -- (Marketwire - February 2, 2010) - Platinum Equity announced today that it has completed the acquisition of several boat brands and related assets from Genmar Holdings, Inc., through a transaction conducted under Section 363 of the U.S. Bankruptcy Code. The U.S. Bankruptcy Court for the District of Minnesota approved the transaction on January 13, 2010.The acquisition includes the Ranger, Stratos, Champion, Wellcraft, Four Winns... Read more
LOS ANGELES, CA -- (Marketwire - February 2, 2010) - Platinum Equity announced today that it has completed the acquisition of several boat brands and ... Read more
LOS ANGELES, CA -- (Marketwire - February 2, 2010) - Platinum Equity announced today that it has completed the acquis. Read more
February 02, 2010
Platinum Equity Finds Safe Harbor in Ranger Boats
As part of its acquisition of Genmar, Platinum assumed ownership of venerable boating brand Ranger Boats, which is among the nation's largest manufacturer of premium fiberglass fishing boats.Ranger embraced the new ownership and emphasized its full support of Platinum. The boating company will benefit from a new capital structure and will maintain focus on building the highest quality fishing boats in the industry. Ranger entered 2010 with the st... Read more
As part of its acquisition of Genmar, Platinum assumed ownership of venerable boating brand Ranger Boats, which is among the nation's largest manufact... Read more
As part of its acquisition of Genmar, Platinum assumed ownership of venerable boating brand Ranger Boats, which is am. Read more
January 27, 2010
Platinum Equity Portfolio Company Ryerson Strengthens Presence in Houston, TX
Chicago-based metals processor and distributor Ryerson Inc. acquired the Houston, Texas-based steel plate fabricator Texas Steel Processing, Inc. The acquisition followed Ryerson’s filing for an initial public offering earlier in the week.Ryerson expects the acquisition to strengthen its presence in the region. The company’s executive vice president and chief financial officer, Terence R. Rogers, said the transaction would “expand our produ... Read more
Chicago-based metals processor and distributor Ryerson Inc. acquired the Houston, Texas-based steel plate fabricator Texas Steel Processing, Inc. The ... Read more
Chicago-based metals processor and distributor Ryerson Inc. acquired the Houston, Texas-based steel plate fabricator . Read more
January 26, 2010
Platinum Portfolio Company Ryerson Acquires Texas Steel Processing, Inc.
Chicago, IL -- Ryerson Inc. announced today that Joseph T. Ryerson & Son, Inc., Ryerson’s wholly-owned subsidiary, has acquired Texas Steel Processing, Inc. (TSPI), a steel plate fabricator based out of Houston, Texas, for an aggregate purchase price of approximately $11.4 million. TSPI was founded in 1995 under the name Texas Plate Processing, Inc. and in 2001 became Texas Steel Processing, Inc. when it was purchased by the current owner... Read more
Chicago, IL -- Ryerson Inc. announced today that Joseph T. Ryerson & Son, Inc., Ryerson’s wholly-owned subsidiary, has acquired Texas Steel Proc... Read more
Chicago, IL -- Ryerson Inc. announced today that Joseph T. Ryerson & Son, Inc., Ryerson’s wholly-owned subsidia. Read more
January 19, 2010
Platinum Equity Acquires OAO Technology Solutions
Los Angeles, CA and Greenbelt, MD (January 19, 2010) — Platinum Equity announced today it has acquired OAO Technology Solutions, Inc. (“OAOT”) from an affiliate of J.F. Lehman & Company and the other stockholders of OAOT. Terms of the transaction were not disclosed. OAOT provides managed IT services and solutions for Fortune 500 corporations, global outsourcers and government agencies.“OAOT has long-standing relationships with valued... Read more
Los Angeles, CA and Greenbelt, MD (January 19, 2010) — Platinum Equity announced today it has acquired OAO Technology Solutions, Inc. (“OAOT”) f... Read more
Los Angeles, CA and Greenbelt, MD (January 19, 2010) — Platinum Equity announced today it has acquired OAO Technolo. Read more
January 07, 2010
Platinum Equity Portfolio Company DAUM Commercial Real Estate Services at Annual AIR Broker Panel
Dennis L. Sandoval of DAUM Commercial Real Estate Services spoke at AIR Commercial Real Estate Association’s 17th Annual Market Review & Forecast at The Jonathan Club in downtown Los Angeles. The event featured an expert panel of Los Angeles-area commercial brokers, whose commentary focused on the region’s nine submarkets, the noteworthy market events of the past year, and forecasting prospects for 2010.The AIR Review & Forecast, whic... Read more
Dennis L. Sandoval of DAUM Commercial Real Estate Services spoke at AIR Commercial Real Estate Association’s 17th Annual Market Review & Forecas... Read more
Dennis L. Sandoval of DAUM Commercial Real Estate Services spoke at AIR Commercial Real Estate Association’s 17th A. Read more
January 05, 2010
Platinum Equity’s CFO Featured in Treasury & Risk Magazine's
Treasury & Risk, a leading finance industry magazine, profiled Platinum’s CFO Mary Ann Sigler as one of three “CFOs To Watch.” The article highlights Sigler’s essential role at Platinum and particularly in its success during the recent economic downturn. Sigler discusses Platinum’s focus on buying solid, fundamentally sound companies that are underperforming and would benefit from Platinum’s operational expertise and resources. Sh... Read more
Treasury & Risk, a leading finance industry magazine, profiled Platinum’s CFO Mary Ann Sigler as one of three “CFOs To Watch.” The article h... Read more
December 17, 2009
Platinum Equity Portfolio Company 3B Appoints Agent In India
3B, a Belgium-based glass fiber reinforcements manufacturer, appointed Essen International as its non-exclusive agent for India. The appointment dovetailed with 3B’s plans to develop its business in Asia, particularly in the rapidly expanding markets of India and China. The strategy also enabled to 3B partner with an innovative local Indian company, while Essen expanded its product portfolio into roving, continuous filament mat, and chopped str... Read more
3B, a Belgium-based glass fiber reinforcements manufacturer, appointed Essen International as its non-exclusive agent for India. The appointment dovet... Read more
3B, a Belgium-based glass fiber reinforcements manufacturer, appointed Essen International as its non-exclusive agent. Read more
