Archives: Our News

Platinum Portfolio Company Ranger Boats on Boating Magazine Top Ten List

Ranger Boats, an Arkansas based manufacturer of premium fiberglass fishing boats, is featured in the Boating Magazine annual feature of the best boats of the year. Hundreds of models were judged under stringent selection criteria with Ranger’s all-new Z521 Comanche earning the prestigious honor of placing on the Top Ten list. Platinum acquired Ranger Boats […]

Platinum Equity to Combine Pomeroy IT Solutions, Inc. and OAO Technology Solutions

Los Angeles, CA, Hebron, KY and Greenbelt, MD — February 23, 2010 — Platinum Equity announced today that it will combine Pomeroy IT Solutions, Inc. and OAO Technology Solutions, Inc. (“OAOT”), creating a single global IT solutions provider with increased scale, broader reach and expanded service offerings. “Pomeroy and OAOT are both recognized industry leaders […]

Platinum Equity Portfolio Company San Diego Union-Tribune Names New Editor

Platinum Equity portfolio company the San Diego Union-Tribune named Jeff Light to take the reins as the newspaper’s top editor. Light brings almost three decades of journalism experience to the Union-Tribune and is known for pushing newspapers toward online innovation. Before joining the Union-Tribune, Light was with The Orange County Register where he was Vice […]

Platinum Portfolio Company Acument Global Technologies’ Saturn^® Fasteners Operation Earns Silver Boeing Performance Excellence Award

BURBANK, Calif. (February 10, 2010) – Aerospace fastener manufacturer Saturn® Fasteners, Inc., an operation of Acument Global Technologies, today announced it has received a 2009 Boeing Performance Excellence Award.  The Boeing Company issues the award annually to recognize suppliers achieving superior levels of performance. Saturn Fasteners, located in Burbank, Calif., received the award for the […]

BoatTEST.com Covers Platinum Equity’s Purchase of Genmar

BoatTEST.com, a leading resource for marine and boating industry information, discussed the closing of Platinum’s acquisition of Genmar. BoatTEST commented on Platinum’s reputation for professionalism, integrity, and no non-sense operations. The Web site also framed Platinum as a welcomed, and much needed, addition to the boating industry. The acquisition included the Ranger, Stratos, Champion, Wellcraft, […]

Platinum Equity Completes Acquisition of Genmar Assets

LOS ANGELES, CA — (Marketwire – February 2, 2010) – Platinum Equity announced today that it has completed the acquisition of several boat brands and related assets from Genmar Holdings, Inc., through a transaction conducted under Section 363 of the U.S. Bankruptcy Code. The U.S. Bankruptcy Court for the District of Minnesota approved the transaction […]

Platinum Equity Finds Safe Harbor in Ranger Boats

As part of its acquisition of Genmar, Platinum assumed ownership of venerable boating brand Ranger Boats, which is among the nation’s largest manufacturer of premium fiberglass fishing boats. Ranger embraced the new ownership and emphasized its full support of Platinum. The boating company will benefit from a new capital structure and will maintain focus on […]

Platinum Equity Portfolio Company Ryerson Strengthens Presence in Houston, TX

Chicago-based metals processor and distributor Ryerson Inc. acquired the Houston, Texas-based steel plate fabricator Texas Steel Processing, Inc. The acquisition followed Ryerson’s filing for an initial public offering earlier in the week. Ryerson expects the acquisition to strengthen its presence in the region. The company’s executive vice president and chief financial officer, Terence R. Rogers, […]

Platinum Portfolio Company Ryerson Acquires Texas Steel Processing, Inc.

Chicago, IL — Ryerson Inc. announced today that Joseph T. Ryerson & Son, Inc., Ryerson’s wholly-owned subsidiary, has acquired Texas Steel Processing, Inc. (TSPI), a steel plate fabricator based out of Houston, Texas, for an aggregate purchase price of approximately $11.4 million.  TSPI was founded in 1995 under the name Texas Plate Processing, Inc. and […]

Platinum Equity Acquires OAO Technology Solutions

Los Angeles, CA and Greenbelt, MD (January 19, 2010) — Platinum Equity announced today it has acquired OAO Technology Solutions, Inc. (“OAOT”) from an affiliate of J.F. Lehman & Company and the other stockholders of OAOT. Terms of the transaction were not disclosed. OAOT provides managed IT services and solutions for Fortune 500 corporations, global […]