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Diversified Machine Announces New Leadership

Wixom, MI – Diversified Machine Inc. (DMI), a vertically-integrated supplier of fully engineered chassis and powertrain components and modules to the automotive industry, today announced the appointment of Robert J. Remenar as CEO. Mr. Remenar, 56, replaces former DMI Chairman and CEO Bruce Swift who stepped down in March. “We conducted a thorough and comprehensive […]

Quark Acquires Mobile IQ for Enterprise Digital Publishing

Denver, CO – Quark announced today its acquisition of Mobile IQ, creators of PressRun™, the cloud-based digital publishing solution developed to deliver innovative, interactive tablet and mobile experiences. Quark was acquired by Platinum Equity in August 2011 and has been working closely with Platinum’s M&A team to identify and pursue growth opportunities. Quark identified Mobile […]

Caterpillar to Sell Majority Interest in Third Party Logistics Business to Platinum Equity

Peoria, IL – Caterpillar Inc. today announced it has signed an agreement that would result in Platinum Equity acquiring a 65 percent equity stake in Caterpillar Logistics Services LLC, the third party logistics division of its wholly owned subsidiary, Caterpillar Logistics Inc. (Cat Logistics). The pending sale of the third party business supports Caterpillar’s increased […]

MegaPath Now the Largest National Operator of Ethernet Over Copper in the U.S.

San Jose, CA – MegaPath Corporation, one of the leading providers of managed data, voice, and security services in North America, today announced that as a result of its latest build out of central offices across the country, it is now the largest provider of on-net Ethernet over Copper (EoC) services in the United States. […]

Ryerson Announces New Illinois Service Center

Chicago, IL – Ryerson Inc., one of the leading processors and distributors of metals in North America, with global operations in North America, China and Brazil, today announced that it will open a new bar processing depot and full line service center in DeKalb, Illinois. The 150,000-square-foot facility is expected to begin operations in June […]

American Commercial Lines Expands Liquid Cargo Fleet with Purchase of Eight 20,000 Barrel Capacity Tank Barges

Jefferson, IN – American Commercial Lines (ACL) today announced the purchase of eight 20,000 barrel capacity tank barges from SeaRiver Maritime Inc., a subsidiary of Exxon Mobil Corporation. The purchase will expand ACL’s fleet of 325 tank barges, which transport liquid cargoes, including chemicals, petroleum, and renewable fuels throughout the U.S. inland waterway system. The […]

NFL Draft Picks Stay Dedicated to Schutt Helmet Brand

As reported on WCTV.tv, the 2012 NFL Draft picks will show their loyalty to Schutt Football Helmets, a steadfast brand amongst players. Platinum Equity portfolio company Schutt Sports is among the largest football helmet manufacturers in  America, holding a significant percentage of the youth, collegiate, and professional football markets. Players will express their confidence in […]

DoubleTree by Hilton Carson in South Bay of Los Angeles Celebrates Completion of Multi-Million-Dollar, Hotel-Wide Transformation

Carson, CA – The DoubleTree by Hilton Carson, located at the crossroads of the South Bay in greater Los Angeles, has completed a multi-million hotel transformation project, which includes comprehensive upgrades throughout the hotel’s guest rooms, public areas, function space and dining outlets. Centrally located within a 25-minute drive of downtown Los Angeles and Long […]