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Platinum Equity Confirms Sale of Strategic Distribution, Inc.

Los Angeles, CA – Platinum Equity confirmed today the sale of Strategic Distribution, Inc., (SDI) to LLR Equity Partners and Pouschine Cook Capital Partners.  Financial terms of the transaction were not disclosed. SDI provides supply chain management solutions for industrial and institutional customers in the United States, Canada, and Mexico. Platinum Equity acquired SDI through a […]

KEMET Corporation Set to Join Russell 3000 Index

Greenville, SC – KEMET Corporation (NYSE: KEM) joined the US broad-market Russell 3000 Index, according to a preliminary list of additions posted on June 17 on the Russell Investments web site. Platinum Equity made an investment in KEMET in June of 2009 and has played a role in its operational restructuring. Russell indexes are widely […]

Schutt Sports Acquires Adams USA Football Helmet and Faceguard Product Lines

Litchfield, IL – Schutt Sports, a leading domestic manufacturer of protective sports equipment and aftermarket reconditioning services,  announced today that it acquired certain football helmet and faceguard assets from Adams USA.  Financial terms of the transaction were not disclosed. Schutt Sports will assume responsibility for manufacturing the acquired product lines and will continue marketing helmets […]

NBA Board of Governors Unanimously Approves Sale of Detroit Pistons to Tom Gores

New York, NY  – The NBA Board of Governors has unanimously approved the sale of the Detroit Pistons to Tom Gores and his investment firm, Platinum Equity. The transaction is expected to close shortly. “We are delighted that the NBA’s Board of Governors approved Tom Gores’ purchase of majority ownership of the Pistons,” said NBA […]

Platinum Equity Acquires Active Aero Group

Los Angeles, CA and Belleville, MI – Platinum Equity announced today that it has acquired a majority stake in Active Aero Group, Inc. (“Active Aero”), a provider of expedited transportation and logistics solutions. Platinum acquired the majority stake in Active Aero from a consortium of sellers, including Berkshire Partners LLC and Greenbriar Equity Group LLC. […]

How a Newspaper is Fending Off Groupon

In light of the overwhelming success of Groupon and LivingSocial, a program created by The San Diego Union-Tribune is, according to DigiDay Daily, giving them a run for their money. The Daily Deal program at the Union-Tribune negotiates discounts with local merchants much like Groupon and LivingSocial. The edge that the Daily Deal maintains, however, […]

Karen Davidson and Tom Gores Reach Agreement on Sale of Detroit Pistons

AUBURN HILLS, MI – Palace Sports and Entertainment (PS&E) and Detroit Pistons Basketball Company (DPBC) owner Karen Davidson today announced a definitive agreement to sell PS&E, DPBC, and their respective assets — including the NBA’s Detroit Pistons, The Palace of Auburn Hills, DTE Energy Music Theatre and the operating rights to Meadow Brook Music Festival […]

Platinum Equity Acquires Majority Interest in Keystone Automotive Operations, Inc.

LOS ANGELES, CA – Platinum Equity announced today that it has acquired a majority interest in Keystone Automotive Holdings, Inc., the parent company of Keystone Automotive Operations, Inc. (“Keystone”), and will work with the company’s management team on an operational plan to improve Keystone’s ability to compete in the specialty aftermarket auto parts industry. Platinum […]

Platinum Equity Company Ryerson Acquires Singer Steel

CHICAGO, IL – Ryerson Inc., a leading distributor and processor of metals in North America and China, announced today that it has acquired Singer Steel Company (“Singer”), a value-added flat rolled steel processor based in Streetsboro, Ohio. Terms of the transaction were not announced. Singer is a full-service steel value-added processor with state-of-the-art processing equipment. […]