Platinum Equity Completes Sale of PrimeSource to Clearlake Capital Group
LOS ANGELES (December 31, 2020) – Platinum Equity announced today that the sale of PriSo Holding Corporation (“PrimeSource”, or the “Company”) to Clearlake Capital Group, L.P. (together with affiliates, “Clearlake”) has been completed. PrimeSource is a leading global distributor of specialty building materials serving residential, commercial, and industrial new-construction and remodeling markets. Founded in 1990, […]
Platinum Equity Sells Compart Systems to Shanghai Wanye Enterprises
LOS ANGELES (December 22, 2020) – Platinum Equity announced today that it sold Compart Systems Pte Ltd. (“Compart” or the “Company”) to Shanghai Wanye Enterprises Co., Ltd. (“Wanye”) in a transactions valued at approximately $398 million. Compart, headquartered in Singapore with primary operations in China and Malaysia, is a supplier of high-precision, machined metal components […]
How Platinum Equity founder Tom Gores’ $350,000 pledge during SAY Detroit fundraiser will help spread gift of helping others
Tom Gores’ charitable donations to SAY Detroit have become an annual occurrence. Earlier this week, the founder and CEO of Platinum Equity found a creative way to spur the spirit of giving in children. Gores called the Detroit non-profit’s recent annual radiothon and pledged $350,000 during the event for the charity providing assistance to the […]
Husky’s manufacturing acumen showcases multi-purpose (and sustainable) PET solutions
The brief conversation made cinematic history. In The Graduate, a young Dustin Hoffman plays Benjamin Braddock, who gets career advice from a family friend shortly after college graduation. Mr. McGuire: Plastics. Benjamin: Exactly how do you mean? Mr. McGuire: There’s a great future in plastics. Think about it. Will you think about it? Benjamin: Yes, I […]
How Tom Gores cultivated the Detroit Pistons’ push for diversity and inclusion
It is an annual occurrence in NBA markets. Shortly after the draft, a news conference is held to introduce the young prospects to local media. The front office’s top talent evaluator and the head coach explain the reasoning behind the selections and why this collection of talent will ultimately lead to winning games. That was […]
Platinum Equity to Acquire Ingram Micro for $7.2 Billion
Acquisition of World’s Largest Technology Distributor and Leading Provider of Logistics Solutions and Services to Leverage Platinum Equity’s Industry Experience, Financial Resources and Global Operating Expertise Ingram Micro, with $47 Billion of Annual Sales, Gains Added Flexibility and Resources to Accelerate Growth and Execute on Strategic Initiatives Under Platinum Equity’s Ownership LOS ANGELES and IRVINE, […]
Nesco Holdings to Acquire Custom Truck One Source and Create Leading Specialty Rental Equipment Company in Partnership with Platinum Equity
Transformative transaction resulting in greater scale and enhanced depth and breadth of products and services to better serve highly attractive infrastructure-related end-market customers Platinum Equity, the premier financial sponsor in the specialty rental equipment industry, has committed to invest over $850 million in Nesco and will hold a majority interest in the combined company […]
Platinum Equity to Sell PrimeSource to Clearlake Capital Group
Global Distributor of Specialty Building Materials will Serve as Clearlake’s Latest Platform for Organic Growth and Add-on Acquisitions in the Specialty Distribution Sector LOS ANGELES, CA, SANTA MONICA, CA AND IRVING, TX (November 13, 2020) – Platinum Equity announced today the signing of a definitive agreement to sell PriSo Holding Corporation (“PrimeSource”, or the “Company”) to […]
Update: Securus reports ‘significant’ progress with transformation agenda
Securus reduced phone rates, provided 50% customer savings, and introduced new tablet software and a pre-paid card with discounted payment services as part of their commitment to actionable reform. DALLAS, TEXAS– Aventiv Technologies and its corrections-services subsidiary Securus Technologies, today reported progress made toward comprehensive, transformation commitments announced in mid-January to make the company’s products and services accountable, accessible, and affordable. These commitments benefit incarcerated Americans and […]
Leading From the Front
Oct. 8, 2020 Mr. Michael Govan Los Angeles County Museum of Art 5905 Wilshire Blvd. Los Angeles, CA 90036 Dear Michael and Trustees, Thank you for your time and dialogue last week in speaking to the important issues of social justice, racial justice and criminal justice reform as it relates to the board’s service on […]
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