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Platinum Equity Acquires Ulticom

Los Angeles, CA —Platinum Equity announced today that it has completed the acquisition of Ulticom, Inc., a provider of signaling software used in communications networks. The acquisition was a public-to-private transaction in which Platinum Equity acquired outstanding shares of Ulticom stock for merger consideration of $2.33 per share, after payment of a special dividend in […]

Platinum Equity Acquires Ecka Granules Assets

Los Angeles, CA —Platinum Equity announced today it has acquired substantially all material assets of ECKA Granules, a Germany-based manufacturer and distributor of metal powders to a broad range of industries. The acquisition which includes copper, aluminum and magnesium powder manufacturing plants and sales offices will, upon registration of all share transfers, include Australia, Austria, […]

Ryerson Announces New Iowa Plate Processing Center

CHICAGO — Ryerson Inc., a leading processor and distributor of metals in North America and China today announced that it will open a plate processing center in Eldridge, Iowa. The 175,000-square-foot facility is expected to begin operations in July 2011. The processing capabilities include laser cutting, plasma and oxy-fuel burning, robotic beveling, plate blasting, machining […]

Pomeroy in Turnaround as Private Firm

HEBRON, KY — (By Lisa Bernard-Kuhn, Cincinnati Enquirer) After struggling for nearly four years to turn a steady profit, Pomeroy IT Solutions says it’s in the midst of a successful turnaround as a private company focused on long-term growth. Roughly one year ago, shareholders of the Hebron-based tech company approved a $68 million deal to […]

Ryerson Names Michael C. Arnold President and CEO

CHICAGO, IL – November 11, 2010 – Ryerson, a leading processor and distributor of metals in North America, today announced the appointment of Michael C. Arnold to the position of president and chief executive officer, effective January 10, 2011. Mr. Arnold, 54, replaces Stephen E. Makarewicz, 63, who announced in May 2010 his plan to […]

Platinum Equity to Acquire American Commercial Lines

Public Stockholders to Receive $33.00 per Share in Cash; Transaction Valued at $777 Million JEFFERSONVILLE, IN — Oct 18, 2010 — American Commercial Lines Inc. (NASDAQ: ACLI) (“ACL” or the “Company”), one of the largest and most diversified inland marine transportation and service companies in the United States, today announced that it has entered into […]

Platinum Equity Portfolio Company Ranger Boats Announces Expansion: Company Will Invest $13 Million and Create 100+ Jobs

FLIPPIN, Arkansas (October 13, 2010) – Fishing Holdings, the parent company of Ranger Boats, the nation’s largest manufacturer of premium fiberglass fishing boats, today announced the expansion of its manufacturing facility in Flippin, Arkansas. The company will invest $13 million to retool, transition and expand its facilities, which will create more than 115 new jobs. […]

Ulticom Agrees to be Acquired by Platinum Equity

Mount Laurel, NJ  (October 12, 2010) Ulticom, Inc. (NASDAQ: ULCM) (“Ulticom” or “Company”) announced today that it has signed a definitive merger agreement with affiliates of Platinum Equity, LLC providing for the acquisition of Ulticom by an affiliate of Platinum Equity for merger consideration of $2.33 per share in cash, after payment of a special […]

Platinum Equity Portfolio Company PEAK Technologies Leverages ITSmobile Solution to Extend SAP® Workflow Approvals to Sales and Executive Management Team via BlackBerry® Devices

COLUMBIA, MD — (MARKET WIRE) — 09/08/10 — PEAK Technologies, a Platinum Equity Company, today announced it has extended SAP workflow approvals for sales quotations to authorized PEAK users via their BlackBerry devices using the ITSmobile interface. PEAK has been a user of SAP ERP since March 2008, and since go-live has required authorized team […]