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Platinum Equity Completes Sale of Truesense Imaging

LOS ANGELES, Calif. (May 1, 2014) – Platinum Equity announced today it has completed the sale of Truesense Imaging to ON Semiconductor (NASDAQ: ONNN). Truesense Imaging is a provider of high-performance image sensing devices addressing a wide range of industrial end-markets, including machine vision, surveillance, traffic monitoring, medical and scientific imaging, and photography. “We are […]

Platinum Equity to Sell Truesense Imaging to ON Semiconductor

LOS ANGELES, Calif. (April 2, 2014) – Platinum Equity announced today it has signed a definitive agreement to sell Truesense Imaging to ON Semiconductor (NASDAQ: ONNN).  Under the terms of the agreement, ON Semiconductor will pay approximately $92 million in cash for the business. Truesense Imaging is a provider of high-performance image sensing devices addressing […]

Platinum Equity Completes Sale of NESCO To Energy Capital Partners

LOS ANGELES, Calif. (February 27, 2014) – Platinum Equity announced today it has completed the sale of NESCO to an affiliate of Energy Capital Partners LLC (“ECP”).  Terms of the agreement were not disclosed. Based in Fort Wayne, Ind., NESCO is a leading provider of fleet equipment rental, sales and services for the North American […]

Volvo Rents Becomes BlueLine Rental

SHIPPENSBURG, Pa. – Volvo Rents, a provider of small- to medium-sized construction rental equipment, today announced the rollout of a new name and corporate identity, BlueLine Rental. The new brand comes following the company’s recent transition to new ownership. Platinum Equity, a Los Angeles-based operations-focused private equity firm, acquired the business from Volvo at the end […]

Platinum Equity Completes Acquisition of Volvo Rents

Los Angeles (February 3, 2014) – Platinum Equity today announced it has completed the acquisition of Volvo Rents from the Volvo Group.  Volvo Rents is a leading North American provider of small-to-medium sized rental equipment serving a diverse customer base across multiple industries, including construction, oil and gas, industrial manufacturing, infrastructure, power, and metals and […]

Telstra to sell majority stake in Sensis

Telstra today announced it had entered into an agreement to sell a 70 percent stake in its directories business, Sensis to US based private equity firm, Platinum Equity for A$454million. The sale excludes the voice services business and includes economic benefits to Telstra from services it will continue to provide to Sensis. Telstra will retain […]

Platinum Equity to Sell NESCO to Energy Capital Partners

LOS ANGELES, CA–(Marketwired – December 26, 2013) – Platinum Equity announced today it has signed a definitive agreement to sell NESCO to an affiliate of Energy Capital Partners LLC (“ECP”). Terms of the agreement were not disclosed. The sale is expected to close during the first quarter of 2014. Based in Fort Wayne, Ind., NESCO […]

Platinum Equity to Acquire Volvo Rents

Los Angeles (December 10, 2013) – Platinum Equity today announced it has signed a definitive agreement to acquire Volvo Rents from the Volvo Group.  Volvo Rents is a leading North American provider of small-to-medium sized rental equipment serving a diverse customer base across multiple industries, including construction, oil and gas, industrial manufacturing, infrastructure, power, and […]

Platinum Equity Acquires MetoKote Corporation

Los Angeles (October 1, 2013) – Platinum Equity announced today it has acquired MetoKote Corporation, a  provider of industrial metal coating services, from CCMP Capital Partners LLC.  Terms of the transaction were not disclosed. MetoKote President and CEO Jeff Oravitz will continue to lead the company under new ownership and the company will continue to […]