Platinum Equity CEO Tom Gores pledges $100 million to build national charitable organization during appearance at Mackinac Policy Conference
During Q&A session with NBC Sports broadcaster Mike Tirico, Gores discusses Platinum origins, civic engagement, diversity goals and philanthropy: ‘We’re just scratching the surface’ MACKINAC ISLAND, Mich. – The chat began with a light-hearted exchange expressing hope the Detroit Pistons reach the NBA Finals in the near future. It ended with applause from an audience […]
Why Tom Gores and the Pistons are building new $20 million community center in Detroit as a social justice initiative: ‘We should be reacting every single day’
MACKINAC ISLAND – Social justice has become a major point of discussion since the killing of George Floyd by a Minneapolis police officer. Platinum Equity Founder and CEO Tom Gores is no different than other business leaders who have pondered the issue over the last two years. But when he decided to act, instead of […]
Club Car Completes Acquisition of Garia
Augusta, Ga (June 2, 2022) – Club Car, a leading manufacturer and global leader in golf, consumer, and utility vehicles, today announced that it has completed the acquisition of Garia A/S (“Garia”) a Denmark-based manufacturer of electric street legal low-speed vehicles for the utility, consumer and golf markets. The acquisition also includes Melex, which Garia […]
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 […]
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