Platinum Equity Completes Acquisition of Peak Technologies
LOS ANGELES (December 23, 2005) – Platinum Equity announced today that it has completed the acquisition of PEAK Technologies, an international provider of automated identification and data collection (AIDC) systems and enterprise mobility solutions, from R. R. Donnelley & Sons Company. The transaction was announced on October 21, 2005. PEAK Technologies, based in Columbia, […]
Platinum Equity’s Matrix Telecom Completes Acquisition of Global Crossing’s Small Business Group
Transaction Includes Long-term Carrier Services Agreement LOS ANGELES (January 3, 2006) – Platinum Equity announced today that its portfolio company Matrix Telecom, Inc. has completed the acquisition of Global Crossing’s Small Business Group (SBG), which provides voice and data products to small- and medium-sized enterprise customers in the United States. In addition, Global Crossing and […]
Platinum Equity Names Ross Young as Peak Technologies President and CEO
LOS ANGELES (January 4, 2005) – Platinum Equity announced today that senior executive Ross Young has been appointed president and CEO of Platinum company PEAK Technologies, an international provider of automated identification and data collection systems and enterprise mobility solutions. Platinum completed the acquisition of PEAK Technologies on December 22, 2005. Young most recently served […]
Platinum Equity Appoints CEO and CFO for its New Company, Turf Care Supply Corp.
Chief Executive Officer is William J. Milowitz; Chief Financial Officer is Richard C. Nihei LOS ANGELES (January 5, 2006) – Platinum Equity announced today that William J. Milowitz has been appointed as Chief Executive Officer and Richard C. Nihei has been appointed Chief Financial Officer of Turf Care Supply Corp., the firm’s newly created manufacturer […]
Platinum Equity Completes Sale of ACR Logistics to Kuehne + Nagel International
Operational Performance and Enterprise Value Grew Dramatically Under Platinum Ownership LOS ANGELES (October 17, 2005) – Platinum Equity announced today that it has agreed to sell portfolio company ACR Logistics to Kuehne + Nagel International AG, one of world’s largest logistics companies. The agreement values ACR Logistics at nearly €500 million euros. The transaction, which […]
Platinum Equity Acquires Boyd Coddington Wheels; Hires Robert Swelgin to Lead American Racing
Investment firm continues building presence in automotive aftermarket LOS ANGELES (January 17, 2006) – Platinum Equity announced today that it has acquired Boyd Coddington specialty wheels from NRG Motorsports, Inc., a manufacturer and international distributor of automotive aftermarket parts and accessories. Platinum also announced an executive appointment involving its flagship company in the automotive aftermarket, […]
Platinum Equity Signs Definitive Agreement to Acquire PNA Group, Inc. from TUI AG
Acquisition Will Expand Platinum’s Holdings in Steel Services Sector LOS ANGELES (February 15, 2006) – Platinum Equity announced today that it has signed a definitive agreement to acquire PNA Group, Inc., a leading processor and distributor of steel products with annual revenue of approximately $1.2 billion. The seller is TUI AG, the largest travel and […]
Platinum Equity to Acquire Americatel Corp.
Chile’s Entel to Divest its Shares in Telecommunications Carrier LOS ANGELES, Calif. (March 24, 2006) – Platinum Equity and Empresa Nacional de Telecommunications (“Entel”) announced today a definitive agreement for Platinum to acquire Entel’s holdings in Americatel Corporation, one of the largest U.S.-based providers of telecommunications services to the North American Hispanic market. Under the […]
Platinum Equity Signs Definitive Agreement to Sell NextiraOne Europe to ABN AMRO Capital
Under Platinum’s Guidance, the Former Alcatel Business Unit Made a Successful Transition to Standalone Company, and Became One of Europe’s Leading Communications Service Providers LOS ANGELES and PARIS (May 10, 2006) – Platinum Equity announced today that it has agreed to sell portfolio company NextiraOne Europe to ABN AMRO Capital France, the French private […]
Platinum Equity Completes Acquisition of PNA Group, Inc.
LOS ANGELES (May 10, 2006) – Platinum Equity announced today that it has completed the acquisition of PNA Group, Inc., a leading processor and distributor of steel products with annual revenue of approximately $1.2 billion. The transaction was announced in February. The seller is TUI AG, the largest travel and tourism company in Europe, […]