Platinum Equity Expands Entertainment Portfolio with Acquisition of Deluxe Entertainment’s Distribution Business
Firm recruits former CEO Cyril Drabinsky to return and lead business at a pivotal time for an industry disrupted by coronavirus crisis LOS ANGELES (July 1, 2020) – Platinum Equity today announced the acquisition of Deluxe Entertainment Services Inc.’s distribution business (“Deluxe”). Financial terms were not disclosed. Deluxe Entertainment’s creative businesses are not included in the […]
How Valpak, Platinum Equity help small businesses remain relevant during COVID-19 crisis
The state of Ohio allowed restaurants to resume dine-in services on May 21. But when reached shortly after Gov. Mike DeWine’s executive order allowing eateries to resume limited operations after being forced to close in March in an effort to mitigate the spread of COVID-19, restaurant owner Frank Fusco had yet to resume seating diners. […]
Platinum Equity CEO Tom Gores Discusses Transformation of Securus Technologies With Former FCC Commissioners
Platinum Equity Chairman and CEO Tom Gores sent the following correspondence today in response to a letter dated May 20, 2020 from former FCC Commissioners Mignon Clyburn, Michael Copps, and Gloria Tristani requesting that Securus Technologies, a Platinum Equity portfolio company, take steps to support incarcerated individuals and their families during the COVID-19 pandemic: June 5, 2020 Dear Commissioners Clyburn, Copps and Tristani: […]
Platinum Equity Portfolio Company Orbit Irrigation Acquires Bond Manufacturing’s Garden Business
Add-on Acquisition Marks Second Platinum Equity Small Cap Deal in Last Two Months LOS ANGELES and SALT LAKE CITY (June 1, 2020) – Platinum Equity portfolio company Orbit Irrigation announced today the acquisition of Bond Manufacturing’s garden business from affiliates of the company’s founding family in a carve-out transaction. Financial terms were not disclosed. Headquartered […]
United Site Services has opportunity to redefine what is ‘essential’
The COVID-19 crisis has forced all to rethink the definition of essential workers. No longer meaning only the areas of public safety, healthcare and transportation, the term has grown to include anything supporting those industries and many others during times of crisis. For United Site Services, the country’s largest provider of portable sanitation and temporary […]
Jostens answers Platinum Equity’s call to action with free virtual commencement centers
The dream of a run to the baseball state playoffs ended in districts. An anticipated final concert with the school band was cancelled. As co-class president, experiencing detailed planning for a senior prom that will never occur. Thomas Arend, who remains upbeat despite the setbacks, is succinct when discussing how routine rites of passage have […]
Tom Gores Purchases 100,000 PPE Masks for City of Detroit
Surgical-grade Masks to Support First Responders and City Workers on Frontline of COVID-19 Crisis DETROIT, Mich. – Pistons owner Tom Gores and Detroit Mayor Mike Duggan announced today that Mr. Gores purchased 100,000 PPE masks for deployment and use by the City of Detroit. The surgical-grade masks will be provided to Detroit police officers, firefighters, […]
Platinum Equity Responds to COVID-19
In response to the global pandemic caused by COVID-19, Platinum Equity’s top priorities are: Protect the well-being of our employees and their families Ensure the continuity of our business Mitigate the impact of the crisis on the firm’s portfolio companies Pursue new opportunities in the market “We are intensely focused on the health of our […]
Platinum Equity Completes Acquisition of Farnese Vini
Firm continues pursuing new investments while taking necessary precautions during global pandemic LOS ANGELES (April 6, 2020) – Platinum Equity announced today that the acquisition of Farnese Group from NB Renaissance Partners has been completed. Financial terms were not disclosed. The transaction was signed last December and has now closed as expected, with Platinum Equity […]
Why Platinum Equity acquired Italian winemaker in spite of COVID-19 challenges
The April 6 issue of Axios’ daily dealmakers newsletter called Platinum Equity’s acquisition of Farnese Vini the day’s most notable transaction. What set Farnese apart? Business editor Dan Primack wrote: “Because the deal actually closed, despite everything that’s happened in the U.S. and Italy since it was agreed to in December.” Bankers from New York […]
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