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. […]
Platinum Equity Company Turf Care Supply Corporation to be Featured on Upcoming Episode of American Farmer
Brunswick, OH — Turf Care Supply Corporation, one of the nation’s largest providers of agronomic services and blended products to the professional turf, ornamental, and grass seed industries, announced today that they will be featured in an upcoming episode of American Farmer. The episode will focus on granular and liquid fertilizers, as well as granular […]
Platinum Equity Company Alliance Entertainment Acquires Edge Entertainment Distribution
Coral Springs, FL – Platinum Equity and The Gores Group announced today that Alliance Entertainment has acquired EDGE Entertainment Distribution, a wholesale distributor of pre-recorded music and movie titles, related accessories and other products. EDGE primarily serves independent music retailers, public libraries and college book stores. Financial terms of the EDGE acquisition were not disclosed. […]
American Commercial Lines Awarded Membership in the Louisiana Environmental Leadership Program
JEFFERSONVILLE, IN – American Commercial Lines Inc. announced today that it has been awarded membership in the Louisiana Environmental Leadership Program (ELP). Membership in the voluntary program, led by the Louisiana Department of Environmental Quality, is awarded to businesses, federal entities, municipalities, and academic and community organizations based upon commitment to the program’s core principles and […]
San Diego Union-Tribune: Mission Valley Makeover
SD Metro Magazine features The San Diego Union-Tribune on its March, 2011 cover, highlighting the venerable newspaper’s new life since being acquired by Platinum Equity. Citing the tough challenges faced by the Union-Tribune and Platinum since the acquisition, SD Metro reports publisher Ed Moss and editor Jeff Light appear to have no doubts about the […]
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