Inspired by Voices Inside Pistons Organization, Tom Gores to Fund New Flagship Community Center in Rouge Park
$20 million commitment will fund new 25,000-square foot multi-use facility, renovate Brennan pool house, and deliver diverse range of services to Cody Rouge neighborhood Gores, Pistons organization and Detroit Parks & Rec to engage residents in planning, design and programming Project originated through discussions with Pistons players, coaches and executives on how to expand and accelerate social […]
Platinum Equity CEO Tom Gores among featured speakers at annual conference featuring Michigan business leaders, government officials
The last few years have been eventful for Platinum Equity CEO and Detroit Pistons owner Tom Gores. The private equity firm he founded in 1995 is coming off a banner year of deal activity in 2021. On the court, the Detroit Pistons just completed their fifth season playing at Little Caesars Arena in downtown Detroit, […]
Securus Technologies Appeals for a More Serious, Thoughtful Approach to Regulation of Calling Services for the Incarcerated in California
Company Asks Court to Require CPUC to Reconsider Its 2021 Interim Rate Order Securus Technologies has submitted an appeal of the California Public Utilities Commission’s (CPUC) 2021 Interim Rate Order for Incarcerated Person Calling Services (ICPS), noting the Commission’s rejection of its own staff’s recommendation to follow the Federal Communications Commission’s (FCC) 2021 meaningful, data-driven […]
Alex Doñé Joins Platinum Equity as Managing Director
LOS ANGELES (May 9, 2022) – Platinum Equity announced today that Alex Doñé has joined the firm as a Managing Director responsible for global functions related to strategic planning, investor capital development and other firm leadership initiatives. Mr. Doñé was most recently Chief Investment Officer (CIO) for the New York City Comptroller’s Office Bureau of […]
How the Detroit Pistons, Singer Corporation helped budding fashion designer with Rosa Parks celebration
Jalen Rose Leadership Academy senior Sheree Patton thought she was just going to see the Detroit Pistons. But as part of February’s Black History Month celebration to honor civil right icon Rosa Park, the Pistons and Singer Corporation partnered to surprise the aspiring fashion designer with a new sewing machine. “She thought that she had […]
Club Car to Acquire Danish Electric Vehicle Manufacturer Garia From Lars Larsen Group
Acquisition to increase Club Car presence in Europe, diversify product portfolio in growing consumer and utility markets Expanded portfolio of zero-emission vehicles to help meet increasing global demand for sustainable transportation options AUGUSTA, Ga., April 9, 2022 /PRNewswire/ — Club Car today announced the signing of a definitive agreement to acquire Garia A/S (“Garia”), a Denmark-based manufacturer of electric low-speed vehicles […]
Platinum Equity Portfolio Company Ingram Micro Completes Sale of Majority of Commerce & Lifecycle Services Business
Sale allows Ingram Micro to increase focus on growth of core technology and cloud businesses LOS ANGELES (April 4, 2022) – Platinum Equity confirmed today that the main closing of the sale of most of portfolio company Ingram Micro’s Commerce & Lifecycle Services Business (“CLS”) to CMA CGM Group has been completed. The transaction was valued […]
Cision Completes Acquisition of Streem
Streem brand, platform, and local service continue in Australia and New Zealand (ANZ) market Management team retained with long-term growth mandate Streem joins PR Newswire, Brandwatch, and Falcon.io brands to activate full-service offering for Cision across ANZ SYDNEY and CHICAGO, April 3, 2022 /PRNewswire/ — Global communications intelligence company Cision announced today that it has completed the acquisition of realtime media monitoring company […]
Platinum Equity Portfolio Company Paramount Global Surfaces Acquires Stone Source
Acquisition of National Tile and Stone Distributor Strengthens PGS Offering in Growing Commercial Flooring Market LOS ANGELES and MIAMI (April 1, 2022) – Platinum Equity portfolio company Paramount Global Surfaces (“PGS”) announced today the acquisition of Stone Source from a group of investors led by Founders Equity. Financial terms were not disclosed. Headquartered in New York, […]
Platinum Equity Portfolio Company L&R Distributors Acquires SJ Creations
LOS ANGELES and BROOKLYN (March 4, 2022) – Platinum Equity portfolio company L&R Distributors announced today the acquisition of SJ Creations (“SJ”) from the company’s founders. Financial terms were not disclosed. Headquartered in Encinitas, California, SJ is a health, beauty and personal care products company focused on everyday and specialty bath, body and skin care […]
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