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September 25, 2009

Pomeroy IT Solutions, Inc. Announces Agreement to be Acquired by Platinum Equity for $6.50 Per Share

HEBRON, KY September 25 -- Pomeroy IT Solutions, Inc. (Nasdaq: PMRY), an information technology ("IT") solutions provider (the "Company"), announced today that it has entered into a definitive merger agreement to be acquired by affiliates of private equity firm Platinum Equity, LLC. Under the terms of the merger agreement, Platinum Equity, through its affiliates, will acquire all of the outstanding common stock of the Company for $6.50 per share. The Company also announced that, immediately prior to entering into the merger agreement with Platinum Equity's affiliates, the Company terminated...

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July 01, 2009

Platinum Equity Acquires Geesinknorba from Oshkosh Corporation

LOS ANGELES, CA (July 1, 2009) – Platinum Equity today announced it has completed the acquisition of The Geesink Norba Group from Oshkosh Corporation (NYSE:OSK). The company, which has recently been rebranded GEESINKNORBA, is based in Emmeloord, The Netherlands, and is a leading European manufacturer of refuse collection vehicles (RCVs). “GEESINKNORBA is an established business with talented employees and long-standing relationships with valued customers,” said Tom Gores, Platinum Equity Chairman and CEO. “The company has an extraordinary opportunity to thrive as an independent busi...

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June 25, 2009

Platinum Equity Portfolio Company Maxim Acquires Barnhart Crane and Rigging Assets

Amid calls by industry and government for more infrastructure projects, Platinum portfolio company Maxim Crane Works LP purchased the assets of Barnhart Crane and Rigging. Maxim specializes in the rental and sales of lift equipment including hydraulic truck cranes, rough terrain cranes, crawler cranes, tower cranes, conventional truck cranes, and boom trucks. The acquisition added to Maxim’s expansion of its fleet of 230- to 300-ton sized crawlers. It also represented Maxim’s increased leadership role in a consolidating industry. Platinum acquired Maxim in July 2008 in a public-to-pr...

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June 16, 2009

Platinum Equity Buys Wire Harness Business From Alcoa

Platinum bought Alcoa’s wire harness and electrical distribution business in June 2009; Alcoa put the division up for sale in January 2009. The business was the largest component of Alcoa’s electrical and electronic solutions division, with over 17,000 employees and a presence in 13 countries across the globe. Platinum bought Alcoa’s wire harness and electrical distribution business in June 2009; Alcoa put the division up for sale in January 2009. Full story at altassets.com......

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June 15, 2009

Platinum Completes Acquisition of Wire Harness and Electrical Distribution Business from Alcoa

LOS ANGELES, CA (June 15, 2009) – Platinum Equity today announced it has completed the acquisition of the wire harness and electrical distribution business of Alcoa (NYSE:AA). Financial terms of the acquisition were not disclosed. The transaction was first announced on April 30. The wire harness and electrical distribution business is the largest piece of Alcoa’s Electrical and Electronic Solutions division, and its customers include major domestic and international automotive original equipment manufacturers and tier-one suppliers. “Closing this transaction with Alcoa is a signifi...

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