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Platinum Equity and The Gores Group Acquire Alliance Entertainment from Source Interlink

Firms Form Joint Venture That Will Operate CD-DVD-Game Distributor as a Standalone Business LOS ANGELES, CA (September 1, 2010) – Platinum Equity and The Gores Group today announced that they have acquired Alliance Entertainment from Source Interlink Companies, Inc.  Financial terms of the transaction were not disclosed. Alliance Entertainment is the largest wholesale distributor of […]

MegaPath, Covad, Speakeasy Merger Closes

Creates New Communications Powerhouse, Offering a Full Range of Nationwide IP Voice, Security, VPN and Internet Services SAN JOSE, Calif.–  (BUSINESS WIRE)–MegaPath, Covad and Speakeasy today announced regulatory approval and the completion of their merger, creating a next generation Managed Services Local Exchange Carrier (MSLEC). The new company will have relationships with more than 85,000 […]

Platinum Equity Portfolio Brand Glastron Boats Launches 2011 Models from New Facility

Boat builder hosts dealers at Open House event in new facility Cadillac, Michigan, August 18, 2010 – Rec Boat Holdings announces the launch of its 2011 model year line up for Glastron Boats, with an Open House event conducted at the new manufacturing facility in Cadillac, Michigan. Dealers from all over North America and International […]

Excel Telecommunications Acquisition Closed by Platinum Equity Portfolio Company Matrix Telecom

DALLAS – August 3, 2010 – Matrix Telecom Inc. (“Matrix”), a Platinum Equity company and provider of voice and data services to small and medium enterprise and residential customers across the United States, today announced it has completed the acquisition of substantially all the customer relationships and assets of Irving-based Comtel Telcom Assets LP, operating […]

Platinum Equity Portfolio Company Acument Completes Divestiture of Avdel and GEC Units

LOS ANGELES, CA–(Marketwire – August 3, 2010) – Platinum Equity today announced that Acument Global Technologies has completed the sale of Acument’s Avdel and Global Electronics & Commercial (GEC) business units to Asia Trading Company Limited, a company owned indirectly by funds advised by CVC Asia Pacific and Standard Chartered Private Equity Limited (SCPEL). Terms […]

Triton Boats Acquired from Brunswick by Platinum Equity Portfolio Company Fishing Holdings

FLIPPIN, Ark. (July 29, 2010) –   Fishing Holdings, LLC, a premier manufacturer and marketer of fiberglass fishing boats owned by an affiliate of Platinum Equity,  announces its acquisition of  Triton Boats from Brunswick Corporation.  Terms of the transaction are not disclosed. Triton founder Earl Bentz will join Fishing Holdings and resume his role at the […]

Platinum Equity Portfolio Company Ryerson Completes Buyout of China Joint Venture

CHICAGO, July 12 — Ryerson Holding Corporation (“Ryerson”), a leading distributor and processor of metals in North America, today announced that via its subsidiaries it has acquired Van Shung Chong Holdings’ (“VSC”) 20 percent stake in Ryerson China Limited, a joint venture between Ryerson and VSC formed in 2006. Ryerson China Limited is now a […]

Covad and Megapath Announce Merger Agreement

Merger Will Combine Nation’s Largest IP Broadband Footprint with Complete Suite of Managed Services   San Jose and Costa Mesa, CA, March 31, 2010 – Covad Communications Company, a leading national provider of IP broadband services, and MegaPath Inc., a leading provider of managed IP data, voice and security services in North America, today announced […]

Michigan Governor Jennifer Granholm Tours Platinum Equity Portfolio Company

Longtime Four Winns employee Wendy Hunt remembers feelings of uncertainty and devastation when the boat manufacturer’s then-parent company filed for bankruptcy in June 2009. Hunt, a Lake City resident who joined Four Winns’ scheduling department in 1998, thought she was out of a job when her receptionist position was subsequently eliminated. “They always called me […]