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NFL Draft Picks Stay Dedicated to Schutt Helmet Brand
Home / News / Nfl Draft Picks Stay Dedicated To Schutt Helmet Brand
As reported on WCTV.tv, the 2012 NFL Draft picks will show their loyalty to Schutt Football Helmets, a steadfast brand amongst players. Platinum Equity portfolio company Schutt Sports is among the largest football helmet manufacturers in America, holding a significant percentage of the youth, collegiate, and professional football markets.Players will express their confidence in the Schutt brand by donning the helmets during the draft and plan to wear them in Sunday afternoon games. "I've always been comfortable in a Schutt helmet," said former Georgia Bulldog Brandon Boykin. "It protects my head and it feels good."Schutt Sports offers a wide range of sports gear specializing in protection and comfort, using many of the same materials used by the US military in their safety gear.Full article >>
DoubleTree by Hilton Carson in South Bay of Los Angeles Celebrates Completion of Multi-Million-Dollar, Hotel-Wide Transformation
Home / News / Doubletree By Hilton Carson In South Bay Of Los Angeles
Carson, CA - The DoubleTree by Hilton Carson, located at the crossroads of the South Bay in greater Los Angeles, has completed a multi-million hotel transformation project, which includes comprehensive upgrades throughout the hotel's guest rooms, public areas, function space and dining outlets. Centrally located within a 25-minute drive of downtown Los Angeles and Long Beach, the hotel is a proud sponsor of the Home Depot Center Sports and Entertainment Complex (home of the LA Galaxy and U.S. National Soccer Team), which is located less than two miles from the hotel."The comprehensive makeover of the DoubleTree by Hilton Carson refreshes our hotel with a cool, contemporary and inviting look and feel for our guests," said Larry Saward, hotel general manager. "Our team members are more excited than ever before to share our new look, new energy and new vision to create a rewarding and memorable hotel experience for both visitors and residents alike.Purchased in 2010 through a partnership with Platinum Equity, Ensemble Investments implemented a strategy with DoubleTree by Hilton to retain the franchise and re-license the DoubleTree by Hilton Carson by implementing a comprehensive renovation and change in management company. Urgo Hotels has managed the hotel successfully throughout the hotel refurbishment project, since 2010. The DoubleTree by Hilton Carson is operated under a franchise license agreement with a subsidiary of Hilton Worldwide. The 225-room DoubleTree by Hilton Carson, was redesigned by HFS Concepts 4, who developed a plan that improved the guest experience in all aspects of the hotel. The new design of the guest rooms at the DoubleTree by Hilton Carson focuses on contemporary sophistication and functionality. With a fresh and modern look, the clean lines are accented with rich colors, bold patterns and tactile textures. The guestrooms received a completely new contemporary and comfortable guestroom furniture and finishes package, including 37" high definition televisions. The guest room upgrades complement the completion of the DoubleTree by Hilton Carson lobby and public areas. New lobby furnishings, carpeting, wall covering and window treatments create a relaxing and inviting setting for reading, working on a laptop or meeting with colleagues. Incredibly simple, but surprisingly sophisticated, the redesigned lobby is a refreshing gathering place for guests and visitors.The hotel's meeting and banquet rooms, along with the hotel restaurant, have been greatly improved to welcome guests for great lunches, dinners, banquets, meetings and receptions of 10 to 500 guests. More than 5,600 square feet of meeting space has been upgraded and outfitted with cutting-edge technology. The restaurant has been redesigned to offer superior breakfast, lunch and dinner service in a casual, yet sophisticated setting. The bar has been transformed and now opens up to the lobby to create a more dynamic experience and better access. .Guests also will find an expanded patio lounge with a new fire pit and landscaping at poolside. And a new fitness center with the latest in Precor weighttraining and cardio equipment now welcomes guests with great workouts at the beginning or end of a busy day.The DoubleTree by Hilton Carson is just a short drive away to many of Southern Calfornia's most popular attractions. For information or to make reservations at the DoubleTree by Hilton Carson, please contact your travel professional, call the hotel directly at +1 310 830 9200 or visit the hotel's website at www.carson.doubletree.com.Contact:Janet KeeneDoubleTree by Hilton Carsonjanet.keene@hilton.com+1 310 830 9200Thomas WinghamDoubleTree by Hilton Global Brand Public Relationsthomas.wingham@hilton.com+1 703 883 5315
Platinum Equity Completes Acquisition of DMS Health Technologies
Home / News / Platinum Equity Completes Acquisition Of Dms Health
Los Angeles, CA – Platinum Equity announced today that it has completed the acquisition of DMS Health Technologies from Otter Tail Corporation. Platinum did not disclose terms of the agreement."We are excited about the potential for DMS Health Technologies and look forward to helping the company evolve and continue to thrive under Platinum's ownership," said Brian Wall, the partner at Platinum Equity whose team is leading the DMS acquisition.DMS Health Technologies provides mobile, interim, and fixed-site diagnostic imaging solutions to hospitals, clinics, and other medical providers, including MRI, CT, PET/CT, nuclear medicine, and digital mammography systems. The company also sells and services Philips Medical diagnostic imaging and monitoring equipment in the upper Midwest region and sells and rents refurbished medical equipment."Platinum Equity's acquisition of DMS Health Technologies comes at a critical juncture for the company and we are very excited about the operational expertise that Platinum brings to the table," said DMS Health Technologies CEO Paul Wilson. "With Platinum's support we will continue delivering high-quality solutions and exceptional customer service to the medical device and imaging marketplace."Mr. Wall noted that a Platinum operations team is already working on site with the DMS management team."Platinum has been successfully managing corporate divestitures for more than 15 years," said Mr. Wall. "We have the experience and resources necessary to ensure a seamless transition."About Platinum Equity Platinum Equity (www.platinumequity.com) is a global M&A&O® firm specializing in the merger, acquisition, and operation of companies that provide services and solutions to customers in a broad range of business markets, including information technology, telecommunications, logistics, metals services, manufacturing, and distribution. Since its founding in 1995 by Tom Gores, Platinum Equity has completed over 130 acquisitions.About DMS Health Technologies DMS Health Technologies, a Platinum Equity company, specializes in delivering products and services to the healthcare industry. DMS Health Technologies is a distributor of Philips Healthcare diagnostic imaging equipment and patient monitoring equipment in the upper Midwest; sells supplies and accessories, and reconditioned equipment, ultrasound and biomedical and diagnostic imaging parts nationwide. DMS Health Technologies also provides mobile, interim and fixed-site diagnostic imaging solutions (MRI, CT, PET/CT, Nuclear Medicine, Ultrasound, Cardiac/Angio, Bone Densitometry and Digital Mammography) across the United States; and diagnostic imaging equipment service in the upper Midwest. For more information about DMS Health Technologies, visit www.DMSHealthTechnologies.com.
Platinum Equity Company Ryerson Expands into South America
Home / News / Platinum Equity Company Ryerson Expands Into South America
Chicago, IL – Ryerson Inc., a leading distributor and processor of metals in North America and China, announced today that it has expanded into South America for the first time by acquiring a 50% stake in Açofran Aços e Metais LTDA (“Açofran”), a steel service center based in São Paulo, Brazil. Financial terms of the transaction were not disclosed. “We continue exploring ways to expand our global footprint and diversify our portfolio,” said Ryerson President and CEO Mike Arnold. “Brazil is a large and growing market and this investment provides Ryerson an important foothold in South America. Extending our reach will allow us to penetrate new markets and better serve our existing global customers.”Açofran’s existing shareholders Omar Silva, Ivo Godoi, and Eduardo Tesche retained a 50% interest in the business. "We are excited to join forces with Ryerson. We were looking for a true strategic partner, one that would not only provide capital but also the product, industry, and operational expertise we need to take Açofran to the next level,” said Mr. Godoi. “Given its scale, global reach, and commitment to growth, Ryerson is the ideal partner for Açofran."Açofran was established in 1982 and specializes in cutting and distributing special, tool, and engineered steel. The company’s product line comprises primarily long products, specifically flat and round bar. Açofran will report into Ryerson Southeast Region President Kevin Richardson.“Açofran is a well-run, professional metals service center and will integrate seamlessly into the Ryerson network,” said Mr. Richardson. “We look forward to working with the Açofran team to expand into additional product lines and end markets. We will also continue exploring opportunities to build on our investment in South America through additional acquisitions.”Ryerson has now completed six acquisitions in just over two years, acquiring Houston-based Texas Steel Processing Inc. in January 2010; Mobile, Ala.-based Cutting Edge Metal Processing Inc. in May 2010; Houston-based SFI-Gray Steel Inc. in August 2010; Streetsboro, Ohio-based Singer Steel in March 2011; and Pittsburgh-based Turret Steel Industries in December 2011. About Ryerson Inc.Ryerson Inc., a Platinum Equity company, is a leading North American processor and distributor of metals, with operations in the United States, Mexico, Canada, China, and Brazil. The Company distributes and processes various kinds of metals, including stainless and carbon steel and aluminum products.
Platinum Equity Company Data2Logistics Global Expansion Increases in Europe
Home / News / Platinum Equity Company Data2logistics Global Expansion
Fort Myers, FL – Global freight bill advisor and processor Data2Logistics announces additional representation in Europe as a component of the company's further global expansion, increasing the company's continental footprint. Included in Data2Logistics's European expansion are Jos van der Meulen and Johan Kool as Business Development Managers in the Benelux region, Reinhold Säckl as Country Manager in Germany and Peter Hodgson as Country Manager in the UK. Each will be presenting Data2Logistics' transportation cost-savings portfolio of freight bill auditing, processing payment, and advisory services to companies who ship their products to, from and throughout Europe. Using actionable information from their powerful yet easy to use data mining and reporting tools, clients are able to identify savings as well as improve negotiations and quality of service with air, LTL, TL, parcel, overnight express, ocean, and rail carriers."Data2Logistics is pleased to add these professionals to our European team," states Gerry Burns, President and Chief Executive Officer, Data2Logistics. "The continued demand of our global offerings is growing at a rate where we need to expand further. The market potential in Europe is substantial, and each of these gentlemen is a strong fit to work with our European-based staff in educating and advising companies throughout the region."Data2Logistics assists Global 1000, Fortune 1000, and SMB companies to reduce their shipping costs by providing an outsourced opportunity to efficiently process, audit account code, and pay their freight at a significantly lower cost than internal processes, while also identifying more carrier overcharges than internal systems. The company provides actionable information to better manage and control transportation cost and supports clients with their carrier bid preparation, benchmarking, proposal analysis, and negotiation for all modes on a global basis. As a single source of information, Data2Logistics seeks to identify opportunities for savings, report the reasons for variances and determine and relay trends and changes in modal shifts, shipment lanes, carrier utilization, shipment size, accessorial cost, and costs per kilometer/mile. Reviewing over $15 billion worth of freight bills from thousands of carriers annually, the company offers a single-source solution for all modes of freight.About Data2LogisticsFort Myers, Florida-based Platinum Equity Portfolio Company, Data2Logistics, is a leader in supply chain logistics, cost management, and freight payment. The company partners with hundreds of clients in the Global 1000, Fortune 1000, and SMB categories, processing hundreds of millions of freight bills annually, valued in excess of $15 billion, saving clients an average of 5%-15% of their shipping expenditures per year.As a seven-time recipient of Inbound Logistics' Top 100 Logistics IT Service Providers, their data mining capabilities creates actionable information for current and ongoing shipping cost savings. The company is the only service provider to work with clients and carriers to eliminate billing errors from recurring and to continuously improve and optimize their logistics networks and expenditures, domestically and globally. http://www.data2logistics.com/ For Data2Logistics global services information, contact Harold Friedman, +1 609 577 3756 or harold.friedman@data2logistics.com.
Platinum Equity Company Truesense Imaging Announces Company Name as an Independent Operation
Home / News / Platinum Equity Company Truesense Imaging Announces Company
Rochester, NY – Truesense™ Imaging, a leading provider of high-performance image sensors for commercial, industrial, and professional imaging applications, today formally announced its new corporate identity. Formerly the Image Sensor Solutions (ISS) division of Eastman Kodak Company, Truesense Imaging was acquired by Platinum Equity through a transaction with Kodak that closed on November 7, 2011 and Truesense is now operating as an independent company. Truesense Imaging, as part of the Platinum Equity portfolio, will continue to provide the industry's broadest range of image sensor devices that combine the high resolution, ultra-fast frame speeds, and unmatched image quality that customers all over the world depend upon for their most demanding applications."We are extremely pleased to officially announce the launch of our new brand and corporate identity," said Chris McNiffe, Chief Executive Officer of Truesense Imaging and former general manager of Kodak's ISS business. "As an independent company, we now have a great opportunity to expand our leadership position and to grow into new markets and new applications that leverage our core strengths in imaging technology. This is a very positive step forward for our business, our employees and, of course, our customers."Truesense Imaging is headquartered in Rochester, NY. The company-owned facilities in Rochester house all research & development, marketing, and business operations, including a highly specialized image sensor manufacturing operation.About Truesense Imaging, Inc.Truesense Imaging, Inc. is a leading provider of high-performance image sensors serving the machine vision, traffic, surveillance, medical, photography, and scientific imaging applications. With over 35 years experience in the design, development, and manufacturing of high-performance image sensors, Truesense Imaging is uniquely positioned to offer the broadest sensor portfolio with an outstanding combination of resolution, frame rates, and performance, making them ideally suited for the world's most demanding imaging applications. For additional information, please contact Truesense Imaging, Inc. at (585) 784-5500 or info@truesenseimaging.com.
Platinum Equity to Acquire DMS Health Care Technologies
Home / News / Platinum Equity To Acquire Dms Health Care Technologies
Los Angeles, CA – Platinum Equity announced today that it has signed a definitive agreement to acquire DMS Health Technologies from Otter Tail Corporation. Platinum did not disclose terms of the agreement. The transaction is subject to regulatory approval and certain closing conditions.“DMS Health Technologies has a great reputation and we share the company’s commitment to the highest levels of customer service,” said Brian Wall, the partner at Platinum Equity whose team is leading the DMS acquisition. “We look forward to working with the company’s highly-qualified employees, valued customers, and other partners to help DMS achieve its full potential.”DMS Health Technologies provides mobile, interim, and fixed-site diagnostic imaging solutions to hospitals, clinics, and other medical providers, including MRI, CT, PET/CT, nuclear medicine, and digital mammography systems. The company also sells and services Philips Medical diagnostic imaging and monitoring equipment in the upper Midwest region and sells and rents refurbished medical equipment.“Today signifies an important and exciting day in DMS Health Technologies’ future,” said DMS Health Technologies CEO Paul Wilson. “Platinum Equity’s support will allow us to take the next step in our business development. Platinum’s unique approach to providing operational expertise will serve as a competitive advantage and take DMS Health Technologies to the next level.”Mr. Wall said the planned acquisition of DMS is a natural fit for Platinum given the firm’s experience creating divestiture solutions for corporate parent companies. A Platinum operations team has already been deployed to ensure a seamless transition once the transaction closes.About Platinum EquityPlatinum Equity (www.platinumequity.com) is a global M&A&O® firm specializing in the merger, acquisition, and operation of companies that provide services and solutions to customers in a broad range of business markets, including information technology, telecommunications, logistics, metals services, manufacturing, and distribution. Since its founding in 1995 by Tom Gores, Platinum Equity has completed over 130 acquisitions.
Platinum Equity Completes Sale of 3B
Home / News / Platinum Equity Completes Sale Of 3b
Los Angeles, CA – Platinum Equity announced today it has completed the sale of 3B - The Fibreglass Company ("3B") to Binani Industries Limited. Platinum did not disclose terms of the agreement.Headquartered in Battice, Belgium, 3B is a European leader in the production of fiberglass composite materials and is a preferred supplier to global leaders in the automotive, wind energy, and other industries.Platinum acquired the manufacturing plants, intellectual property, and other assets that would become 3B from Owens Corning in April 2008."We are pleased to complete the sale of 3B to a strategic investor prepared to take the business to the next level," said Brian Wall, the partner at Platinum Equity who oversees an M&A team led by Seth Romans that executed the 3B transaction. "3B's success is a testament to the hard work of its management team and talented employees, as well as Platinum's M&A&O approach to acquiring and driving operational value in businesses. We created a business from a collection of assets and established the company as a leader in its industry."Under Platinum's ownership, 3B brought in new management, developed a brand identity, diversified, and expanded its product offering, penetrated new markets, improved production efficiencies, implemented a new ERP system, and successfully managed through the global economic crisis."We have delivered on the strategy we embarked on three years ago, moving from a collection of assets into a capable and global competitive enterprise. We achieved our financial and operational goals and helped transform the business," said Bryan Kelln, Platinum's president of portfolio operations. "The company is in great shape and well-positioned to continue succeeding under new ownership."With the sale of 3B, Platinum has completed five divestitures in the last four months. Platinum sold Canvas Systems in January 2012, The San Diego Union-Tribune in December 2011, and AEES and Peak Technologies in October 2011.About Platinum EquityPlatinum Equity (www.platinumequity.com) is a global M&A&O® firm specializing in the merger, acquisition and operation of companies that provide services and solutions to customers in a broad range of business markets, including information technology, telecommunications, logistics, metals services, manufacturing, and distribution. Since its founding in 1995 by Tom Gores, Platinum Equity has completed more than 130 acquisitions.
Platinum Equity Sells Canvas Systems to Avnet
Home / News / Platinum Equity Sells Canvas Systems To Avnet
Los Angeles, CA – Platinum Equity announced today that it sold Canvas Systems to Avnet, Inc. (NYSE:AVT). Canvas is an independent supplier of IT hardware and services. Terms of the transaction were not disclosed.Platinum acquired controlling interest in Canvas in 2009 from OHC, LLC. OHC retained a minority interest in Canvas under Platinum’s ownership and has also sold its position to Avnet in connection with the transaction announced today.“We are proud of what we accomplished at Canvas over the past three years in collaboration with the company’s management team and hard-working employees,” said Jacob Kotzubei, partner at Platinum who led the team that acquired Canvas. “The company has grown steadily under Platinum’s ownership and is operationally sound with a culture committed to delivering high levels of customer service. Canvas is well positioned to continue thriving under new ownership.”Mr. Kotzubei said the Canvas investment was a natural fit for Platinum, given the firm’s history in the IT equipment and services industry.“We have had a lot of success building and supporting businesses in the IT space,” explained Mr. Kotzubei. “We will continue looking for opportunities to apply our expertise and operations-focused approach.”Platinum currently owns Pomeroy, a provider of managed IT infrastructure services, professional and staffing services, and procurement and logistics services to Fortune 500 corporations, global outsourcers, and the public sector throughout the U.S., Canada, and Europe. Platinum acquired Pomeroy in 2009.About Platinum EquityPlatinum Equity (www.platinumequity.com) is a global M&A&O® firm specializing in the merger, acquisition and operation of companies that provide services and solutions to customers in a broad range of business markets, including information technology, telecommunications, logistics, metals services, manufacturing, and distribution. Since its founding in 1995 by Tom Gores, Platinum Equity has completed over 125 acquisitions.
Platinum Equity Company Schutt Sports Becomes First Million-Dollar Corporate Sponsor of Elite Football League of India
Home / News / Platinum Equity Company Schutt Sports Becomes First Million
As reported by The Dallas Morning News, Platinum Equity portfolio company, Schutt Sports, maker of American-style football helmets and face guards, has become the first million-dollar corporate sponsor of the Elite Football League of India (EFLI). The company's president and CEO, Robert Erb, stated, "We're obviously excited about putting the game's best helmets and equipment on the EFLI players, but beyond that, we're in complete agreement with EFLI's vision for the role of football in the country and throughout the region."Schutt Sports has committed to provide 2,000 helmets; 2,300 face guards; 2,000 shoulder pads; and other equipment that will benefit the emerging league. In addition, Schutt has made per-team fiscal commitments for other accessories.The EFLI is India's first professional, American-style football league. The eight new teams, representing all major areas of India—a nation with over 1.2 billion citizens—are currently training for the upcoming inaugural season that kicks off in late 2012.Full Article »
