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Platinum Equity to Acquire DMS Health Care Technologies

Los Angeles, CA – Platinum Equity announced today that it has signed a definitive agreement to acquire DMS Health Technologies from Otter Tail Corporation. Platinum did not disclose terms of the agreement. The transaction is subject to regulatory approval and certain closing conditions. “DMS Health Technologies has a great reputation and we share the company’s […]

Platinum Equity Completes Sale of 3B

Los Angeles, CA – Platinum Equity announced today it has completed the sale of 3B – The Fibreglass Company (“3B”) to Binani Industries Limited. Platinum did not disclose terms of the agreement. Headquartered in Battice, Belgium, 3B is a European leader in the production of fiberglass composite materials and is a preferred supplier to global […]

Platinum Equity Sells Canvas Systems to Avnet

Los Angeles, CA  – Platinum Equity announced today that it sold Canvas Systems to Avnet, Inc. (NYSE:AVT). Canvas is an independent supplier of IT hardware and services. Terms of the transaction were not disclosed. Platinum acquired controlling interest in Canvas in 2009 from OHC, LLC. OHC retained a minority interest in Canvas under Platinum’s ownership […]

Platinum Equity Company Schutt Sports Becomes First Million-Dollar Corporate Sponsor of Elite Football League of India

As reported by The Dallas Morning News, Platinum Equity portfolio company, Schutt Sports, maker of American-style football helmets and face guards, has become the first million-dollar corporate sponsor of the Elite Football League of India (EFLI). The company’s president and CEO, Robert Erb, stated, “We’re obviously excited about putting the game’s best helmets and equipment […]

Platinum Equity Acquires Keen Transport

Los Angeles, CA – Platinum Equity announced today that it has acquired Keen Transport Company, which includes Keen Transport, Inc. and Cressler Trucking, Inc. Keen Transport is a national provider of heavy-haul logistics and transportation services for the construction, mining, and agriculture equipment markets. Cressler Trucking is a general commodity carrier that provides packaged goods […]

Platinum Equity Company Ryerson Acquires Turret Steel

Chicago, IL – Ryerson Inc., a leading distributor and processor of metals in North America, announced today that it has acquired Turret Steel Industries, Inc. and Sunbelt-Turret Steel, Inc., steel service centers headquartered in Pittsburgh. The acquisition also includes Turret-affiliated companies Wilcox Steel and Imperial Logistics. Turret and its affiliates generate annual revenues of approximately […]

Platinum Equity Completes Sale of The San Diego Union-Tribune

Los Angeles and San Diego, CA – Platinum Equity announced today it has completed the sale of The San Diego Union-Tribune to MLIM LLC, owned by San Diego entrepreneur Doug Manchester. Terms of the agreement were not disclosed. “We are grateful to have been part of the San Diego community and appreciate all the support […]

Platinum Equity Company Ryerson Announces New Long Products Service Center in Houston

As reported in the Houston Business Journal, Ryerson, a Platinum Equity portfolio company and Chicago-based metals distributor and processor, is opening a new service center in Northwest Houston. The 50,000 square foot service center will primarily serve oil and gas industry customers. The center will process and distribute products including metal bars and rods used […]

Platinum Equity to Sell The San Diego Union-Tribune to Doug Manchester

Los Angeles and San Diego, CA – Platinum Equity announced today it has signed a definitive agreement to sell The San Diego Union-Tribune (“Union-Tribune” or “U-T”) to MLIM LLC, owned by San Diego entrepreneur, Doug Manchester. San Diego media executive John Lynch serves as President and CEO of MLIM. Terms of the agreement were not […]