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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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April 20, 2009
Platinum Equity to Acquire Wire Harness and Electrical Distribution Business from Alcoa
Signing Comes as Platinum Announces Separate Acquisition of Canvas Systems LLCLOS ANGELES, CA (April 30, 2009) – Platinum Equity today announced that it has signed a definitive agreement to purchase the wire harness and electrical distribution business of Alcoa (NYSE:AA). Financial terms of the acquisition were not disclosed. The transaction is expected to be completed by the end of the second quarter of 2009.Separately, Platinum also announced... Read more
Signing Comes as Platinum Announces Separate Acquisition of Canvas Systems LLCLOS ANGELES, CA (April 30, 2009) – Platinum Equity today announced tha... Read more
Signing Comes as Platinum Announces Separate Acquisition of Canvas Systems LLCLOS ANGELES, CA (April 30, 2009) – Pl. Read more
March 18, 2009
Platinum Equity to Acquire the San Diego Union-Tribune from the Copley Press, Inc.
SAN DIEGO and BEVERLY HILLS, CA – March 18, 2009 – The Copley Press, Inc. and Platinum Equity announced today that they have signed a definitive agreement under which an affiliate of Platinum will acquire San Diego’s leading daily newspaper, The San Diego Union-Tribune.The transaction, which is expected to be completed during the second quarter, culminates a sales process that began in July 2008 when Copley announced it had engaged an advis... Read more
SAN DIEGO and BEVERLY HILLS, CA – March 18, 2009 – The Copley Press, Inc. and Platinum Equity announced today that they have signed a definitive a... Read more
SAN DIEGO and BEVERLY HILLS, CA – March 18, 2009 – The Copley Press, Inc. and Platinum Equity announced today tha. Read more
January 14, 2009
Platinum Equity Acquires Majority Stake in DAUM Commercial Real Estate Services
LOS ANGELES, CA – DAUM Commercial Real Estate Services announced today that Platinum Equity has purchased a majority stake in the company. Terms of the transaction were not disclosed.“Joining forces with Platinum Equity will create tremendous opportunities for our company, our customers and our shareholders,” said Michael Nubel, Chief Executive Officer of DAUM Commercial Real Estate Services. “Our team has worked hard to successfully expa... Read more
LOS ANGELES, CA – DAUM Commercial Real Estate Services announced today that Platinum Equity has purchased a majority stake in the company. Terms of ... Read more
LOS ANGELES, CA – DAUM Commercial Real Estate Services announced today that Platinum Equity has purchased a majorit. Read more
November 11, 2008
Platinum Equity Completes Purchase of SCM Metal Products
FOR IMMEDIATE RELEASELOS ANGELES (November 11, 2008) – Platinum Equity announced today it has completed the acquisition of SCM Metal Products, Inc. from Gibraltar Industries, Inc. (NASDAQ: ROCK). Details of the transaction were not disclosed. SCM is a global leader in the manufacturing and distribution of copper-based powder and pastes and copper oxide powders to a broad range of industries.“Platinum is very excited about the acquisition of S... Read more
FOR IMMEDIATE RELEASELOS ANGELES (November 11, 2008) – Platinum Equity announced today it has completed the acquisition of SCM Metal Products, Inc. ... Read more
FOR IMMEDIATE RELEASELOS ANGELES (November 11, 2008) – Platinum Equity announced today it has completed the acquisi. Read more
October 09, 2008
Platinum Equity to Purchase SCM Metal Products from Gibraltar
LOS ANGELES, CA (October 9, 2008) – Platinum Equity announced today it has signed a definitive agreement to purchase SCM Metal Products, Inc. from Gibraltar Industries, Inc. (NASDAQ: ROCK) for an undisclosed amount. SCM is a global leader in the manufacturing and distribution of copper-based powder and pastes and copper oxide powders to a broad range of industries.“This is a very exciting time for all of us at SCM,” said Barton White, Presi... Read more
LOS ANGELES, CA (October 9, 2008) – Platinum Equity announced today it has signed a definitive agreement to purchase SCM Metal Products, Inc. from G... Read more
LOS ANGELES, CA (October 9, 2008) – Platinum Equity announced today it has signed a definitive agreement to purchas. Read more
September 03, 2008
Platinum Equity Closes $2.75 Billion Private Equity Fund
LOS ANGELES, CA (September 3, 2008) – Substantially exceeding its original target, Platinum Equity today announced the closing of a $2.75 billion leveraged buyout fund focused on acquiring businesses that can benefit from Platinum’s operational expertise and resources. Platinum launched fundraising with a target of $1.5 billion in committed capital, but strong investor demand and a rising tide of deal opportunities compelled the firm to incr... Read more
LOS ANGELES, CA (September 3, 2008) – Substantially exceeding its original target, Platinum Equity today announced the closing of a $2.75 billion le... Read more
LOS ANGELES, CA (September 3, 2008) – Substantially exceeding its original target, Platinum Equity today announced . Read more
August 04, 2008
Platinum Equity Completes Sale of PNA Group
LOS ANGELES (August 4, 2008) – Platinum Equity announced today that it has completed the sale of portfolio company PNA Group, a leading processor and distributor of metals products, to Reliance Steel & Aluminum Co. (NYSE:RS) in a transaction valued at approximately $1.1 billion.The divestiture transaction was previously announced in June. Platinum acquired PNA Group in May, 2006 and created substantial value in the business through a combin... Read more
LOS ANGELES (August 4, 2008) – Platinum Equity announced today that it has completed the sale of portfolio company PNA Group, a leading processor an... Read more
LOS ANGELES (August 4, 2008) – Platinum Equity announced today that it has completed the sale of portfolio company . Read more
July 02, 2008
Maxim Crane Works Announces Completion of Merger with Platinum Equity
PITTSBURGH, July 2 /PRNewswire-FirstCall/ -- MAXIM CRANE WORKS HOLDINGS, INC. (OTC: MXMC.PK - News; "Maxim Crane") today announced that affiliates of Platinum Equity Capital Partners II, L.P. ("Platinum Equity") have completed the acquisition of Maxim Crane pursuant to the terms of the Merger Agreement it entered into on May 5, 2008. As part of the transaction, Platinum Equity acquired all of the outstanding shares of Maxim Crane for $42.50 per s... Read more
PITTSBURGH, July 2 /PRNewswire-FirstCall/ -- MAXIM CRANE WORKS HOLDINGS, INC. (OTC: MXMC.PK - News; "Maxim Crane") today announced that affiliates of ... Read more
PITTSBURGH, July 2 /PRNewswire-FirstCall/ -- MAXIM CRANE WORKS HOLDINGS, INC. (OTC: MXMC.PK - News; "Maxim Crane") to. Read more
June 17, 2008
Platinum Equity Signs Agreement to Sell PNA Group
LOS ANGELES (June 17, 2008) – Platinum Equity announced today that it has signed a definitive agreement to sell PNA Group, a leading processor and distributor of steel products, to Reliance Steel & Aluminum Co. (NYSE:RS) in a transaction valued at approximately $1.1 billion. The transaction is expected to be finalized within the next 60 days, subject to normal closing conditions including regulatory approval. Platinum acquired PNA Group in ... Read more
LOS ANGELES (June 17, 2008) – Platinum Equity announced today that it has signed a definitive agreement to sell PNA Group, a leading processor and d... Read more
LOS ANGELES (June 17, 2008) – Platinum Equity announced today that it has signed a definitive agreement to sell PNA. Read more
May 09, 2008
Platinum Equity Integrates American Racing, Wheel Pros
Leading High Performance Wheel Brands Are United in Single Powerhouse CompanyLOS ANGELES (May 9, 2008) – Platinum Equity announced today the integration of American Racing and Wheel Pros, two leading distributors of high performance wheels and tires to the automotive aftermarket.The combined company will offer a comprehensive portfolio of wheel products comprising the industry’s best known and most enduring wheel brands, including the full li... Read more
Leading High Performance Wheel Brands Are United in Single Powerhouse CompanyLOS ANGELES (May 9, 2008) – Platinum Equity announced today the integra... Read more
Leading High Performance Wheel Brands Are United in Single Powerhouse CompanyLOS ANGELES (May 9, 2008) – Platinum E. Read more
