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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 31, 2007
Delphi Selects Platinum Equity as Lead Bidder in Sale of Steering and Halfshaft Business
TROY, Mich. – Delphi Corporation (PINKSHEETS: DPHIQ) announced today that it is working to finalize a Master Sale and Purchase Agreement with Platinum Equity regarding the sale of Delphi’s global steering and halfshaft business. Delphi announced in March 2006 that, while it recognized the steering business as strategic, it intended to explore a sale of the global steering business as part of its comprehensive transformation plan. According to... Read more
TROY, Mich. – Delphi Corporation (PINKSHEETS: DPHIQ) announced today that it is working to finalize a Master Sale and Purchase Agreement with Platin... Read more
TROY, Mich. – Delphi Corporation (PINKSHEETS: DPHIQ) announced today that it is working to finalize a Master Sale a. Read more
January 19, 2007
Platinum Equity Completes Acquisition of Healthcare Marketing Services Unit from Cardinal Health
LOS ANGELES, CA (January 19, 2007) – Platinum Equity announced today it has completed the acquisition of the Healthcare Marketing Services (HMS) unit of Cardinal Health (NYSE: CAH). Terms of the transaction, which was announced in November, were not disclosed. A transition is now underway to separate the business from Cardinal Health and establish it as a standalone company. The new company will be renamed, and details about the new name an... Read more
LOS ANGELES, CA (January 19, 2007) – Platinum Equity announced today it has completed the acquisition of the Healthcare Marketing Services (HMS) uni... Read more
LOS ANGELES, CA (January 19, 2007) – Platinum Equity announced today it has completed the acquisition of the Health. Read more
January 10, 2007
Platinum Equity Appoints Maurice S. Nelson Jr. as Chief Executive Officer of PNA Group
LOS ANGELES (January 10, 2007) – Platinum Equity announced today that Maurice S. Nelson Jr. has been appointed as Chief Executive Officer of its portfolio company PNA Group, a premier processor and distributor of steel products to fabricators, manufacturers and distributors.PNA Group was acquired by Platinum Equity in May 2006, and then expanded via the add-on acquisition of Metals Supply Company a short time later. The business generates annua... Read more
LOS ANGELES (January 10, 2007) – Platinum Equity announced today that Maurice S. Nelson Jr. has been appointed as Chief Executive Officer of its por... Read more
LOS ANGELES (January 10, 2007) – Platinum Equity announced today that Maurice S. Nelson Jr. has been appointed as C. Read more
November 07, 2006
Platinum Equity Signs Definitive Agreement to Acquire Healthcare Services Unit from Cardinal Health
LOS ANGELES, CA (November 7, 2006) – Platinum Equity announced today it has signed a definitive agreement to acquire the Healthcare Marketing Services (HMS) unit of Cardinal Health (NYSE: CAH). Terms of the transaction, which is expected to close prior to the end of 2006, were not disclosed. HMS provides sales and marketing communications services and materials to the pharmaceutical and biotechnology industries. The company, which generated ... Read more
LOS ANGELES, CA (November 7, 2006) – Platinum Equity announced today it has signed a definitive agreement to acquire the Healthcare Marketing Servic... Read more
LOS ANGELES, CA (November 7, 2006) – Platinum Equity announced today it has signed a definitive agreement to acquir. Read more
August 11, 2006
Platinum Equity Completes Acquisition of Textron Fastening Systems
LOS ANGELES (August 11, 2006) – Platinum Equity announced today that it has completed the acquisition of Textron Fastening Systems, a premier global provider of fastening technologies and services to customers in a broad range of industries. The seller was Textron Inc. (NYSE: TXT), which divested the $1.8 billion revenue unit as part of a strategic divestiture of non-core manufacturing businesses. “We appreciate Textron’s belief in us a... Read more
LOS ANGELES (August 11, 2006) – Platinum Equity announced today that it has completed the acquisition of Textron Fastening Systems, a premier global... Read more
LOS ANGELES (August 11, 2006) – Platinum Equity announced today that it has completed the acquisition of Textron Fa. Read more
June 01, 2006
Platinum Equity Signs Definitive Agreement to Acquire Textron Fastening Systems
Acquisition Represents Extension of Platinum’s Global Reach; Unit Serves Customers in 150+ Countries, Has Revenue of Approximately $1.8 BillionLOS ANGELES (June 1, 2006) – Platinum Equity announced today that it has signed a definitive agreement to acquire Textron Fastening Systems, a premier global provider of fastening technologies and services to customers in a broad range of industries.The seller is Textron Inc. (NYSE: TXT), which announc... Read more
Acquisition Represents Extension of Platinum’s Global Reach; Unit Serves Customers in 150+ Countries, Has Revenue of Approximately $1.8 BillionLOS A... Read more
Acquisition Represents Extension of Platinum’s Global Reach; Unit Serves Customers in 150+ Countries, Has Revenue o. Read more
May 31, 2006
Platinum Equity Acquires Metals Supply Company Ltd. As Add-On to Steel Services Platform PNA Group
Complementary Business Will Extend PNA’s Reach in North AmericaLOS ANGELES (June 7, 2006) – Platinum Equity announced today that it has acquired Metals Supply Co. Ltd. (“MSC”), a large regional steel service center and distributor with annual revenue in excess of $100 million. The business will be integrated with PNA Group, a $1.5 billion revenue steel service and distribution platform that was acquired by Platinum Equity in May 2006.“M... Read more
Complementary Business Will Extend PNA’s Reach in North AmericaLOS ANGELES (June 7, 2006) – Platinum Equity announced today that it has acquired M... Read more
Complementary Business Will Extend PNA’s Reach in North AmericaLOS ANGELES (June 7, 2006) – Platinum Equity annou. Read more
May 10, 2006
Platinum Equity Signs Definitive Agreement to Sell NextiraOne Europe to ABN AMRO Capital
Under Platinum’s Guidance, the Former Alcatel Business Unit Made a Successful Transition to Standalone Company, and Became One of Europe’s Leading Communications Service Providers LOS ANGELES and PARIS (May 10, 2006) – Platinum Equity announced today that it has agreed to sell portfolio company NextiraOne Europe to ABN AMRO Capital France, the French private equity business of ABN AMRO Capital. The transaction, subject ... Read more
Under Platinum’s Guidance, the Former Alcatel Business Unit Made a Successful Transition to Standalone Company, and Became One of Europe’s Lea... Read more
Under Platinum’s Guidance, the Former Alcatel Business Unit Made a Successful Transition to Standalone Company, a. Read more
May 10, 2006
Platinum Equity Completes Acquisition of PNA Group, Inc.
LOS ANGELES (May 10, 2006) – Platinum Equity announced today that it has completed the acquisition of PNA Group, Inc., a leading processor and distributor of steel products with annual revenue of approximately $1.2 billion. The transaction was announced in February. The seller is TUI AG, the largest travel and tourism company in Europe, which has been divesting non-core industrial holdings in order to focus on its core tour... Read more
LOS ANGELES (May 10, 2006) – Platinum Equity announced today that it has completed the acquisition of PNA Group, Inc., a leading processor and d... Read more
LOS ANGELES (May 10, 2006) – Platinum Equity announced today that it has completed the acquisition of PNA Group, . Read more
March 24, 2006
Platinum Equity to Acquire Americatel Corp.
Chile’s Entel to Divest its Shares in Telecommunications Carrier LOS ANGELES, Calif. (March 24, 2006) – Platinum Equity and Empresa Nacional de Telecommunications (“Entel”) announced today a definitive agreement for Platinum to acquire Entel’s holdings in Americatel Corporation, one of the largest U.S.-based providers of telecommunications services to the North American Hispanic market. Under the agreement, Platinum will acquire... Read more
Chile’s Entel to Divest its Shares in Telecommunications Carrier LOS ANGELES, Calif. (March 24, 2006) – Platinum Equity and Empresa Nacional d... Read more
Chile’s Entel to Divest its Shares in Telecommunications Carrier LOS ANGELES, Calif. (March 24, 2006) – Plati. Read more
