Platinum Equity Makes Irrevocable Binding Offer of $225 Million for CBS Outdoor International
Los Angeles and New York (July 16, 2013) – Platinum Equity and CBS Corporation (NYSE: CBS.A and CBS) announced today that an affiliate of Platinum Equity has made an irrevocable binding offer to acquire the assets of CBS Outdoor International (“CBSO International”). The proposed transaction represents a total value of approximately $225 million and is […]
Neovia Logistics To Acquire MIQ Contract Logistics Business
DOWNERS GROVE, Ill. (June 18, 2013) – Neovia Logistics, a global provider of complex supply chain solutions and logistics services primarily serving the automotive, industrial, mining, aerospace and defense industries, announced today that it has signed a definitive agreement to acquire the contract logistics division of MIQ Holdings, Inc. The contract logistics business provides warehouse […]
UNICOM Systems acquires U.S. Robotics from Platinum Equity
Los Angeles, CA and Schaumburg, IL (June 7, 2013) – UNICOM® Global is pleased to announce that its Founder, President and CEO, Mr. Corry Hong, today signed an all-cash deal to acquire U.S. Robotics Corporation, a Delaware corporation, and its domestic parent Rockstar Holding Corporation, as well as its US Subsidiary, U.S. Robotics Americas LLC, […]
Platinum Equity Completes Acquisition of CheckView
LOS ANGELES, Calif. (May 2, 2013) – Platinum Equity announced today that it has completed the acquisition of CheckView from Checkpoint Systems, Inc. (NYSE: CKP). CheckView is a leading security systems integrator that provides physical and electronic security solutions exclusively for retail customers. The company markets fire and life safety alarm systems, intrusion alarm and […]
Platinum Equity Completes Sale of Contego Healthcare Business
LOS ANGELES, Calif. (May 1, 2013) – Platinum Equity announced today it has completed the sale of Contego Healthcare Limited to FIL International Limited, a subsidiary of Filtrona plc, for cash consideration of approximately £160 million. The healthcare packaging business is one of Europe’s leading and most technically advanced packaging manufacturers and makes cartons, leaflets, […]
Integration of SMW and DMI Finalized, New Global Supplier Launched as “Chassix”
TROY, Mich., April 30, 2013 – The formation of a new automotive enterprise was announced today with the launch of Chassix, the automotive industry’s largest single integrated resource for precision chassis casting and machining solutions. Chassix was formed following Platinum Equity’s purchase and subsequent integration of the Diversified Machine, Inc. (DMI) and SMW Automotive, LLC […]
Checkpoint Systems, Inc. Announces Definitive Agreement To Sell U.S. and Canadian Checkview® Business
Thorofare, New Jersey, March 25, 2013 – Checkpoint Systems, Inc. (NYSE: CKP) today announced that it has entered into a definitive agreement to sell its U.S. and Canadian CheckView business to an affiliate of Platinum Equity, a California-based private equity firm. The sale includes all continuing business operations and assets associated with the U.S. and […]
Mayor Bing Announces Unprecedented Corporate Partnership to Improve Public Safety in Detroit’s Neigborhoods
03/25/2013 – Detroit Mayor Dave Bing announced today that Detroit’s corporate community is supporting his Active and Safe Campaign with an $8 million contribution that will be used to replace the entire fleet of 23 ambulances for the Detroit Fire Department’s Emergency Medical Services (EMS) Division and provide 100 new patrol cars for the Detroit […]
Platinum Equity To Sell Contego Healthcare Business
LOS ANGELES, Calif. (March 19, 2013) – Platinum Equity announced today it has signed a definitive agreement to sell Contego Healthcare Limited to FIL International Limited, a subsidiary of Filtrona plc, for cash consideration of approximately £160 million. The change in ownership is expected to occur during the second quarter of 2013. Contego Healthcare, […]
BWAY Corporation Completes Acquisition of Ropak
Atlanta, GA – BWAY Corporation (“BWAY” or the “Company”), a Platinum Equity company and leading North American supplier of general line rigid containers, announced today that it has completed the acquisition of Ropak Packaging (“Ropak”) from the LINPAC Group. Ropak is a North American producer of rigid, plastic shipping containers serving the consumer goods, food […]
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