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Platinum Equity Acquires Keen Transport
Home / News / Platinum Equity Acquires Keen Transport
Los Angeles, CA – Platinum Equity announced today that it has acquired Keen Transport Company, which includes Keen Transport, Inc. and Cressler Trucking, Inc. Keen Transport is a national provider of heavy-haul logistics and transportation services for the construction, mining, and agriculture equipment markets. Cressler Trucking is a general commodity carrier that provides packaged goods transportation, primarily in the Northeast United States.Bill Keen will remain with the company in his position as CEO. Terms of the transaction were not disclosed."Keen Transport has a rich heritage and a well-deserved reputation for quality service," said Brian Wall, the partner at Platinum Equity who led the team pursuing the acquisition. "We share Bill Keen’s commitment to hard work, honesty, and reliability. We look forward to working with Bill as Keen Transport takes the next step in realizing its full potential."Keen Transport specializes in the movement of large and oversize equipment. The company also provides value-added logistics, light assembly, painting, installation of aftermarket accessories, storage, and managed logistics services at 13 facilities near U.S. ports and co-located with customer production facilities."Partnering with Platinum Equity is very exciting for our organization, our customers, and all of our partners," said Mr. Keen. "Platinum understands our business and supports the integrity upon which this company has been built."Keen Transport was founded by Harold Keen and has been owned by the Keen family for 43 years. Platinum expects to build on the Keen legacy by pursuing growth organically and through prospective add-on acquisitions.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.About Keen TransportKeen Transport, based in Carlisle, Penn., is a national provider of heavy-haul logistics and transportation services for the construction, mining and agriculture equipment markets, with facilities in Arkansas, California, Illinois, Georgia, North Carolina, Pennsylvania, Texas, and Washington. Keen provides diverse field services at mining and construction sites, complemented by machine assembly, teardown, and customization work at each facility. Keen is committed to maintaining a quality company-owned transportation fleet that allows for greater control over all aspects of the transport process. Keen's experience, specialized capabilities, and professionalism distinguish Keen as an industry leader.
Platinum Equity Company Ryerson Acquires Turret Steel
Home / News / Platinum Equity Company Ryerson Acquires Turret Steel
Chicago, IL – Ryerson Inc., a leading distributor and processor of metals in North America, announced today that it has acquired Turret Steel Industries, Inc. and Sunbelt-Turret Steel, Inc., steel service centers headquartered in Pittsburgh.The acquisition also includes Turret-affiliated companies Wilcox Steel and Imperial Logistics. Turret and its affiliates generate annual revenues of approximately $130 million. Terms of the transaction were not disclosed."This acquisition represents another important step in Ryerson's effort to continue expanding our product offering in the long products segment," said Ryerson President and CEO, Mike Arnold.Turret Steel President, Wayne Gould, will join the Ryerson team and stay on to manage the acquired businesses."We are excited to join the Ryerson team and combine Ryerson's resources and extensive North American footprint with our deep knowledge and experience in the markets," said Mr. Gould. "This will allow us to continue successfully growing for many years to come."In addition to its Pittsburgh headquarters, Turret has service centers in Chicago and Warren, Ohio. Turret is primarily a distributor of special bar quality (SBQ) carbon and alloy bar stock focused on bar sizes of less than six inches in diameter.Sunbelt has locations in Charlotte, N.C., Cooper, Texas, Dos Palos, Calif., South Windsor, Conn., and Portland, Ore. Sunbelt primarily distributes SBQ carbon and alloy bar products greater than six inches in diameter and also offers significant value-added processing capabilities.Wilcox Steel has a single facility in Green Bay, Wis., that primarily sells cold drawn bar products. Imperial Logistics operates as a sourcing arm for flatbed and inbound trucking for all three companies."These are all strong businesses that will complement Ryerson's existing network and enhance our ability to serve customers," said Matthias Heilmann, Ryerson's Chief Operating Officer.Ryerson has now completed five acquisitions in the last 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; and Streetsboro, Ohio-based Singer Steel in March 2011.Earlier this month Ryerson announced expansions of its Atlanta and Little Rock, Ark. operations with added capabilities in long products and fabricated plate. The company also recently opened new North American service centers in Salt Lake City, Tijuana, Houston, and Eldridge, Iowa, and also added a new service center in Suzhou, China.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 and Canada, as well as in China. The company distributes and processes various kinds of metals, including stainless and carbon steel and aluminum products
Platinum Equity Company Schutt Sports Features New Youth Helmet Designs, Provides Education at Pop Warner Super Bowl
Home / News / Platinum Equity Company Schutt Sports Features New Youth
Orlando, FL – Youth football players across the country are receiving NFL-level protection during this week's Pop Warner Super Bowl games at the ESPN Wide World of Sports – thanks to Schutt Sports, the official helmet and reconditioner of Pop Warner Football.The athletes are wearing youth versions of the Schutt AiR XP and DNA Pro+, two of the most popular helmets in the NFL. Featured on the helmets this year is Schutt's all-new, exclusive Aqua Tech Water Graphics, a graphics treatment that gives the helmets a carbon fiber look."These helmets drive the players wild," Glenn Beckmann, Schutt Sports director of marketing communications said. "These are the best-looking helmets the players have ever worn – normally reserved for big-time colleges who want to wear an alternate helmet to boost memorabilia sales."The helmets also feature Schutt's TPU Cushioning, which has been shown to absorb significantly more impact in game-like conditions than traditional foam padding.Schutt executives are on-site at the games in Orlando, Fla., to help re-fit the players' helmets, and also to educate coaches, parents, and athletes about proper fitting techniques and concussion awareness."We've been a partner to Pop Warner for years," Beckmann said, "and it's extremely rewarding to outfit these young stars in our gear and to give back by educating their support systems on best practices regarding helmet wear. Our hope is that this education continues to trickle up as the players enter the collegiate and pro levels."Pop Warner is the most widely recognizable youth football organization in the world and features more than 400,000 players across the country. There are more than 10,000 people attending the games this week, which culminate with the championship games on Saturday.Schutt Sports is the largest maker of football helmets in America, with more than 55 percent market share across youth, collegiate and pro levels.
Platinum Equity Completes Sale of The San Diego Union-Tribune
Home / News / Platinum Equity Completes Sale Of The San Diego Union
Los Angeles and San Diego, CA – Platinum Equity announced today it has completed the sale of The San Diego Union-Tribune to MLIM LLC, owned by San Diego entrepreneur Doug Manchester. Terms of the agreement were not disclosed."We are grateful to have been part of the San Diego community and appreciate all the support we received in our time here," said Tom Gores, Platinum Equity Chairman and CEO. "Many people contributed to the transformation of this business and helped the Union-Tribune manage through some really tough times. From employees to readers to community partners, everyone pitched in and played an important role."Platinum acquired The San Diego Union-Tribune from the Copley Press in May 2009. Under Platinum's ownership the Union-Tribune brought in new management, unified and expanded its print and online offerings, modernized its production technology, and reaffirmed its position as the leading local media company in the region."I'm proud to say we did what we set out to do," added Platinum Equity's Louis Samson, whose team led the Union-Tribune acquisition. "Thanks to a lot of hard work by a group of very talented people, the Union-Tribune is a healthy, diversified media business that is well-prepared for the future."Platinum also worked closely with the Union-Tribune to build and strengthen connections with the San Diego community."They never lost sight of the important role the Union-Tribune plays in serving the people that live here," said Jim Nelson, Executive Director of AVID, a college readiness system founded in San Diego that serves largely minority and low-income students. "They forged powerful relationships with several San Diego groups involved with education, journalism, and literacy. The legacy of those relationships will last well beyond their time as owners of the Union-Tribune."Platinum and the Union-Tribune partnered with and are providing financial support to the AVID Center, San Diego State University's School of Journalism & Media Studies, Junior Achievement, the Classroom of the Future Foundation, and KPBS.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 125 acquisitions.About MLIM LLCBusinessman, Visionary, Industrialist and Philanthropist Doug Manchester has investments and experience in real estate, publishing, radio broadcast, telecommunication, medical instrumentation, oil and gas and hotel ownership. After completing a career in professional football career, John Lynch went on to work for the Chicago Tribune, and then to grow the Noble Broadcast Group in San Diego from one station to one of the largest private broadcast companies in the nation, ultimately selling it to Clear Channel Communications.About The San Diego Union-TribuneThe San Diego Union-Tribune, LLC, owned by an affiliate of Platinum Equity, is San Diego County’s leading local media company, with products covering 98 percent of all San Diego County households in a given week. The San Diego Union-Tribune and its website, SignOnSanDiego.com, are the leading local sources for news, entertainment, information and classifieds in San Diego County. Together, they reach nearly 1.3 million San Diegans each week. In 2009, The San Diego Union-Tribune won its second Pulitzer Prize, which was awarded to Steve Breen for his editorial cartoons. The newspaper has a late week circulation of 261,298, with nearly 598,000 daily readers; Sunday circulation is 293,332, with readership of nearly 815,000. The newspaper’s Web site, SignOnSanDiego.com, is the leading local online source for news, entertainment information and classifieds in San Diego, with nearly 27 million page views and nearly 3.54 million unique users in a typical month. Other Union-Tribune products include Enlace, which has the largest distribution of any Spanish-language publication in the County. (The San Diego Union-Tribune circulation, readership and online figures are based on the Audit Bureau of Circulations 2010 annual audit).
Platinum Equity Company Ryerson Announces New Long Products Service Center in Houston
Home / News / Platinum Equity Company Ryerson Announces New Long Products
As reported in the Houston Business Journal, Ryerson, a Platinum Equity portfolio company and Chicago-based metals distributor and processor, is opening a new service center in Northwest Houston. The 50,000 square foot service center will primarily serve oil and gas industry customers.The center will process and distribute products including metal bars and rods used in piping and construction, and will serve as a hub to distribute Ryerson products throughout the Southwest. This new service center marks the fourth location for Ryerson in the Houston area. Two of these four facilities came with the add-on acquisitions of Texas Steel Processing and SFI Gray Steel in 2010.With the recent add-on acquisitions and the new service center, Ryerson expands its capabilities and distribution network. Ryerson is among the leading metals processors and distributors in North America.Full Article »
Platinum Equity to Sell The San Diego Union-Tribune to Doug Manchester
Home / News / Platinum Equity To Sell The San Diego Union Tribune To Doug Manchester
Los Angeles and San Diego, CA – Platinum Equity announced today it has signed a definitive agreement to sell The San Diego Union-Tribune (“Union-Tribune” or “U-T”) to MLIM LLC, owned by San Diego entrepreneur, Doug Manchester. San Diego media executive John Lynch serves as President and CEO of MLIM.Terms of the agreement were not disclosed. The transaction is expected to close no later than December 15. No further comment will be provided until the ownership transfer is complete."We are very proud of what we have accomplished in San Diego and are grateful to the community for embracing our stewardship of the Union-Tribune," said Platinum Equity's Louis Samson, whose team led the Union-Tribune acquisition in 2009. "We came here at a difficult time for the newspaper industry and helped the Union-Tribune successfully transform its operations and re-invent itself by attracting terrific people and investing in their ideas and their passion.”“This is an honor and a privilege for John Lynch and the Manchester family. We have strong roots in the San Diego community and we are pleased to bring our local perspective and passion for this region to the Union-Tribune,” said Mr. Manchester. “Taking ownership of a 143-year-old Pulitzer Prize-winning news organization comes with great responsibility. We believe San Diego is the finest city in America and pledge to be strong advocates for the city’s interests and conscientious caretakers of the Union-Tribune and its legacy.”Mr. Manchester added that his team plans to build on the U-T’s recent success.“We look forward to building on the foundation that has been established by current management and ownership, serving the community and working towards a fully integrated digital and print news media platform,” said Mr. Manchester.The sale is the culmination of a series of operational initiatives executed under Platinum’s ownership that have helped transform the Union-Tribune from a struggling traditional newspaper publisher into a modern and innovative multimedia platform.“We assembled a talented management team, unified and expanded the U-T’s print and online offerings, modernized its production technology, and cemented its position as the leading local media company in the region,” added Mr. Samson. “Most importantly, we engaged the community and the Union-Tribune is a stronger, more vital enterprise today thanks to its connection with the people of San Diego.”Platinum acquired The San Diego Union-Tribune from the Copley Press in May 2009 and quickly installed new management, including industry veteran Ed Moss as publisher and president, and Jeff Light, an experienced editor with a background in multimedia and interactive, as editor. A Platinum operations team also worked inside the business to support the early transition to new ownership and drive many of the longer-term transformation initiatives.In August 2009, the Union-Tribune launched a new advertising offering that allowed micro-zoning for small business advertisers at lower, localized rates and an editorial effort to drive more local news coverage to targeted communities in San Diego. That effort was followed by the introduction of multiple new products targeted at specific categories to provide maximum response for local businesses.In December 2009, a new pagination system was installed to significantly streamline the newspaper’s production process. In April 2010, the Union-Tribune launched its Daily Deal program as part of an effort to diversify its revenue base beyond traditional advertising and other sources. In August 2010, the Union-Tribune completed a total re-design of the newspaper and its online property signonsandiego.com.In November 2010, the Union-Tribune launched an unprecedented company-wide initiative with its Union-Tribune Holiday Food Drive. To continue its community outreach efforts, in September 2011, the company kicked off its Union-Tribune Volunteer for Education Campaign.In April 2011, the Union-Tribune acquired the online lifestyle property DiscoverSD.com, providing expanded reach with a younger demographic and strengthening the Daily Deal program. Earlier this month, the company announced the launch of Vida Latina San Diego, an entertainment magazine offering Spanish-language content to consumers and an additional channel for advertisers to reach the Hispanic demographic.As a consequence of these and other efforts, the Union-Tribune has expanded its readership, improved its financial performance and is providing new and improved content for readers with more options for advertisers.“We look forward to utilizing our ties to the community and local strength to expand upon the innovative methods already in place at the Union Tribune, strengthening the organization’s mission to be San Diego’s media provider of choice,” said Mr. Manchester.Both Mr. Manchester and Mr. Lynch have been active proponents and supporters of numerous San Diego charities. A lifelong San Diego resident, Mr. Manchester has been particularly committed to the community and will now bring his local ties to The San Diego Union-Tribune.Platinum Equity is being advised by Evercore Partners on the sale of the Union-Tribune and MLIM is being advised by Roth Capital Partners.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 125 acquisitions.About MLIM LLCBusinessman, Visionary, Industrialist and Philanthropist Doug Manchester has investments and experience in real estate, publishing, radio broadcast, telecommunication, medical instrumentation, oil and gas and hotel ownership. After completing a career in professional football career, John Lynch went on to work for the Chicago Tribune, and then to grow the Noble Broadcast Group in San Diego from one station to one of the largest private broadcast companies in the nation, ultimately selling it to Clear Channel Communications.About The San Diego Union-TribuneThe San Diego Union-Tribune, LLC, owned by an affiliate of Platinum Equity, is San Diego County’s leading local media company, with products covering 98 percent of all San Diego County households in a given week. The San Diego Union-Tribune and its website, SignOnSanDiego.com, are the leading local sources for news, entertainment, information and classifieds in San Diego County. Together, they reach nearly 1.3 million San Diegans each week. In 2009, The San Diego Union-Tribune won its second Pulitzer Prize, which was awarded to Steve Breen for his editorial cartoons. The newspaper has a late week circulation of 261,298, with nearly 598,000 daily readers; Sunday circulation is 293,332, with readership of nearly 815,000. The newspaper’s Web site, SignOnSanDiego.com, is the leading local online source for news, entertainment information and classifieds in San Diego, with nearly 27 million page views and nearly 3.54 million unique users in a typical month. Other Union-Tribune products include Enlace, which has the largest distribution of any Spanish-language publication in the County. (The San Diego Union-Tribune circulation, readership and online figures are based on the Audit Bureau of Circulations 2010 annual audit).
Platinum Equity Company Ryerson Announces New Salt Lake City Service Center Opening
Home / News / Platinum Equity Company Ryerson Announces New Salt Lake City
Chicago, -- Ryerson Inc., a leading processor and distributor of metals in North America and Asia, recently celebrated the grand opening of their newest service center located in Salt Lake City, Utah.The new 54,000-square-foot facility is centrally located in the heart of the Salt Lake City business district. The facility houses a large offering of long products and serves as the hub for these products for Ryerson branches in the Western United States. In addition to the extensive inventory of long products, the facility also stocks a wide array of other product shapes in carbon, aluminum, and stainless steel. The processing capabilities include new state-of-the-art equipment for bar cutting, aluminum plate sawing, and sheet sheering.This event marks the second opening of a new location for Ryerson in the Salt Lake City market in the last two years. In April 2009, Ryerson opened a 40,000-square-foot plate processing facility in Clearfield, Utah."Our newest location allows us to better meet the needs of our customers in and around the Salt Lake City metropolitan area. We will be offering "same-day delivery" and "same-day will call" to allow our customers greater access to one of the largest inventories of long products in the Western United States, while our Clearfield facility will continue to house our plate and plate processing capabilities, including our High-Def Plasma," said Roger Cundick, General Manager for both Salt Lake City facilities. "Ryerson is committed to Utah and the surrounding markets and we will continue to expand with our customers' needs."About RyersonRyerson Inc., a Platinum Equity company, is a leading distributor and processor of metals in North America and Asia. The Company services customers through a network of service centers across the United States, Canada, Mexico, and China.
“Seats for Soldiers” Free Ticket Offer Continues
Home / News / Seats For Soldiers Free Ticket Offer Continues
As reported in The Oakland Press, Palace Sports & Entertainment (PS&E), a Platinum Equity portfolio company, is continuing its support for the United States Armed Forces with its "Seats for Soldiers" free ticket offer. This offer applies to all military members and veterans, including their families.The initial summer 2011 "Seats for Soldiers" offer was well received, with tickets given away during the summer concert series at DTE Energy Music Theatre, a venue owned and operated by PS&E. PS&E is extending the offer to include events at The Palace, home of the Detroit Pistons and numerous major concert and cultural events throughout the year.Service members' appreciation and positive response drove PS&E to extend the offer through the end of 2011 and into 2012, which was announced on Veterans Day.Full Article »
Kodak Sells Image Sensor Business to Platinum Equity
Home / News / Kodak Sells Image Sensor Business To Platinum Equity
Rochester, NY – Eastman Kodak Company (NYSE:EK) announced today that it has completed the sale of its Image Sensor Solutions (ISS) business to Platinum Equity in a move that will sharpen Kodak’s operational focus and strengthen its financial position.While the financial details were not disclosed, Kodak will have continuing access to the image sensor technology involved in this transaction for use in its own products. Kodak has previously communicated that it would sell assets that are not central to its transformation to a profitable, sustainable digital company. This sale is aligned with that strategy to generate cash to complete the transformation.Included in the sale is a 263,000 square foot facility in Eastman Business Park in Rochester, NY, that houses manufacturing and research facilities.The ISS business develops, manufactures, and markets the world’s highest performance solid state image sensor devices. Over the past 30 years, Kodak’s image sensors have delivered unrivaled image quality and innovative features for use in a broad range of demanding imaging applications. From precision manufacturing inspection to digital radiography, from earth imaging satellites to traffic monitoring, from the world’s highest performing studio photography cameras to DNA sequencing systems, customers around the world rely on high-performance products from ISS in the most mission-critical applications.Platinum Equity 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.“Image Sensor Solutions is a business that is well-positioned in the high-performance imaging markets in which it participates,” said Pradeep Jotwani, President, Consumer Digital Imaging Group, and Senior Vice President, Eastman Kodak Company. “This sale maximizes shareholder value by obtaining a full and fair valuation for this business, and allows Kodak to increase its financial flexibility.”Jotwani noted that Platinum Equity brings significant financial and operational resources to the ISS business and a comprehensive plan to ensure its continued success.“Platinum Equity is an ideal acquirer of Kodak’s ISS business because they are committed to the success of the business for the benefit of customers and employees,” Jotwani said. “I’m very pleased that we have such a favorable outcome for all of our constituents.”Platinum Equity focuses on acquiring businesses that can benefit from the firm’s extensive in-house capability and expertise in transition, integration and operations.“This is a great opportunity to acquire a business with an impressive record for delivering innovative solutions to customers around the world,” said Brian Wall, the partner at Platinum Equity who led the team pursuing the acquisition. “The ISS business has a strong management team with the right vision for leading the company into the future. We share their commitment to product development and customer service and are committed to helping the business realize its full potential.”Wall said Platinum Equity’s experience managing complex transitions from corporate parent companies will benefit employees, customers, and other partners.“Our operations group will work hand-in-hand with the management team to ensure a seamless transition while allowing the organization to stay focused on delivering world class imaging products and solutions,” said Wall. “We are proud to have forged a unique divestiture solution in partnership with Kodak that serves the best interests of everyone involved.”About Kodak As the world's foremost imaging innovator, Kodak helps consumers, businesses, and creative professionals unleash the power of pictures and printing to enrich their lives.To learn more, visit www.kodak.com and follow our blogs and more at www.kodak.com/go/followus.More than 75 million people worldwide manage, share, and create photo gifts online at KODAK Gallery -- join today at www.kodakgallery.com.Choose from the widest selection of Kodak digital cameras, all-in-one inkjet printers, pocket video cameras, and more at http://store.kodak.com.
Platinum Equity Acquires NESCO
Home / News / Platinum Equity Acquires Nesco
Los Angeles, CA and New York, NY – Platinum Equity and Hammond, Kennedy, Whitney & Company, Inc. ("HKW") jointly announced today that Platinum Equity has acquired NESCO from an investor group led by HKW. NESCO founder and CEO, Rob Troxel, will retain an ownership stake in the business going forward. Terms of the transaction were not disclosed.Based in Bluffton, IN, NESCO is a leading provider of fleet equipment rental, sales and services for the North American electrical transmission and distribution market. NESCO maintains one of the largest utility equipment fleets in North America and services a broad customer base across a national footprint of 32 locations throughout the United States. "NESCO has one of the most comprehensive fleets in the industry, a strong national network and a true commitment to customer service," said Platinum Equity's Louis Samson, who led the team pursuing the NESCO acquisition. "We look forward to partnering with NESCO'S management team and talented employees to help the company achieve new levels of success."NESCO'S specialized fleet serves a variety of critical electrical transmission and distribution infrastructures and projects. In addition to the company's core rental business, NESCO also serves as a dealer for new and used equipment."NESCO is a premier company and a leader in its segment," said Glenn Scolnik, HKW's current and NESCO'S former Chairman of the Board. "We are proud of what we have accomplished with the NESCO team it's a tremendous organization with a strong culture. Platinum brings additional resources that can help NESCO evolve and continue growing to better serve its customers. It is a win-win for everyone.""Partnering with Platinum Equity is very exciting for our organization, our customers and all of our partners," said Mr. Troxel. "Platinum understands our business, and their culture and experience in the equipment rental market make them a great fit for NESCO.""Platinum will provide us with the financial wherewithal and the operational support we need to continue on our growth trajectory," added NESCO President, Brad Todd.A team of Platinum operations professionals has been deployed to ensure a seamless transition. Mr. Samson said that in addition to providing operations support, Platinum Equity's M&A team will continue working closely with NESCO to identify acquisition opportunities."NESCO has a proven track record at executing and integrating acquisitions and we will work with the management team to identify, evaluate and pursue attractive opportunities to grow and expand the business, both organically and through additional acquisitions," said Mr. Samson.Harris Williams & Co. acted as the exclusive financial advisor to NESCO.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.About HKWHKW is a private equity firm founded in New York in 1903 with current offices in New York and Indianapolis. Over the past 28 years, HKW has sponsored 39 platform management buyouts of small middle-market companies throughout North America as well as 39 add-on acquisitions. For further information about HKW and its portfolio companies, investment strategy, and team, please visit www.hkwinc.com.About NESCO Sales and RentalsNESCO Sales & Rentals has over 1,500 new & used bucket trucks, digger derricks, truck cranes, pressure diggers, aerial platforms, sign trucks, pullers, tensioners, reel trailers, pole trailers, underground equipment, cable rodders, cable pullers, mini diggers, service trucks, utility trucks, augers and more. We are an authorized distributor for: Elliott Equipment, Manitex Cranes, Mantis Cranes, National Crane, Hogg & Davis, OK Champion, Bay Shore Systems, Condux, SDP Manufacturing, Morooka, Posi Plus, Skylift, Fairmont, Arnco and Samson Rope. The NESCO Difference includes:Equipment locations throughout the United States and CanadaNationwide service and repair networkAn extensive selection of late model unitsImmediate equipment availabilityFully inspected and tested for safety and reliabilityFlexible equipment rental, leasing and purchase optionsView NESCO's full inventory at www.nescosales.com.
