Club Car Championship raises an event record $450,000 for charity
The recent Club Car Championship raised a record $450,000 for Savannah, Ga. charities, according to WTOC-TV. Pro golfer Steven Fisk birdied three of the final four holes of regulation to win in a sudden-death playoff at The Club Car Championship, which is part of the Korn Ferry Tour. The event has raised more than $1.6 […]
How Platinum Equity built ‘foundation of trust’ to earn Kohler Co.’s confidence as investment partner in energy resilience business
In late 2019, Platinum Equity was performing diligence on Kohler Co.’s energy resilience division. Kohler Co., a global name with more than 40,000 employees, is known for its kitchen and bath products. But the pandemic hit. Platinum Equity Co-President Jacob Kotzubei says his last in-person meeting was at Kohler Co. headquarters in Madison, Wisc., before […]
Kohler Co. and Platinum Equity Close Transaction to Establish Kohler Energy as Independent Business
KOHLER, Wis. – May 6, 2024 – Kohler Co. and Platinum Equity announced today the companies have closed the transaction to establish Kohler Energy as a separate, independent business. Platinum Equity is now the majority owner of the Energy business and Kohler Co. remains an investment partner. Financial details are not being disclosed. Kohler Energy […]
Custom Truck One Source Wins Capstone Real Estate Award
KANSAS CITY, Mo. – Custom Truck One Source, Inc. (NYSE: CTOS) was recently recognized with a Capstone Award by the Kansas City Business Journal for the Company’s $35 million renovation of a 220,000-square-foot warehouse located on the former site of Kansas City’s Armco Steel plant, which is now part of Custom Truck’s 175-acre headquarter campus. The renovated […]
Facility designed to manufacture electric, street-legal Club Car Urban unveiled in Georgia
APPLING, Ga. – With elected officials and area business leaders on hand, Club Car officially opened its new manufacturing facility recently with a ribbon-cutting ceremony. Club Car CEO Mark Wagner and Georgia Governor Brian Kemp did the honors, cutting the ceremonial ribbon in front of employees and community members who assembled outside the 105,000 square-foot flexible […]
Platinum Equity Partner Mark Barnhill, Detroit Pistons host second-chance event in Detroit
DETROIT – An event co-sponsored by the Detroit Pistons, the NBA and a variety of government and support organizations aimed to give more than 170 formerly incarcerated citizens a second chance through legal assistance and job counseling. The Second Chance Summit in Detroit included a clinic, in which volunteer lawyers helped eligible individuals apply for […]
Platinum Equity’s outreach program for the Jalen Rose Leadership Academy provides mentorship, scholarships. And genuine fun.
DETROIT – Roaring laughter – and a little friendly trash talk – was heard in the Little Caesars Arena interview room only minutes before the start of the Detroit Pistons game against the Indiana Pacers on March 20. Jalen Rose Leadership Academy freshman basketball coach Demarcus Wingate sat on the podium where Pistons players normally take […]
How Winc management team, Platinum Equity ops ‘rose to the occasion’ to pull off turnaround for customers in Australia, New Zealand
SYDNEY – The distribution center west of Australia’s largest city is operating efficiently on the warm September day. Winc Supply Chain Director Chris Fox proudly takes visitors by rows of empty pallets neatly stacked near the loading dock. He points to fully automated robots moving boxes of workplace supplies like headphones, cleaning products, staples, hand […]
Platinum Equity Completes Acquisition of Horizon Organic and Wallaby from Danone
Leading dairy products brands projected to benefit from Platinum Equity’s carve-out experience and operational expertise LOS ANGELES (April 2, 2024) – Platinum Equity today announced that the acquisition of a majority interest in Horizon Organic and Wallaby from Danone has been completed. Horizon Organic is the largest USDA-certified organic dairy brand in the world and […]
Platinum Equity’s presence during diligence key factor in acquisition of JELD-WEN’s Australasian business
SYDNEY ‑ JELD-WEN, a U.S.-based, publicly traded manufacturer of windows and doors, decided to divest its Australasian business in 2022, which set off a competitive sales process. The process was a chance for Platinum Equity to demonstrate that its operations-intensive approach not only comes into play after an acquisition – it’s also a key differentiator […]