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January 31, 2023

Year In Review: Platinum Equity marks an impactful 2022 with new platforms, 61 add-ons, ESG strides and philanthropic outreach

After a record-breaking 2021 for M&A, deal activity slowed globally in 2022. The reasons for the slowdown are well-reported, but it was still a landmark year for Platinum Equity and its portfolio companies. There were transactions in Europe, a result of Platinum Equity’s commitment to the continent. There were significant exits. There was another example of the value Platinum Equity can provide to founder-owned businesses. The firm and its portfolio companies made strides in the areas of ESG, and as the world eased pandemic safety measures, the philanthropic presence of Platinum...

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January 04, 2023

Aventiv leadership tells Axios-sponsored panel discussion that access to technology can reduce recidivism

Aventiv Technologies CEO Dave Abel and advisory board chairwoman Teresa Hodge told Axios that access to technology can help reduce recidivism and improve outcomes for the incarcerated community. The two Aventiv representatives took part in an Axios-sponsored panel discussion for an online audience of policy makers. Abel, who was appointed CEO in 2020, said: “Aventiv is entirely focused on using technology to break this (recidivism) cycle. …. Many studies show that individuals inside facilities that connect with their outside support networks have better results. Technology can help ...

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December 29, 2022

Statement From Aventiv Technologies on the Martha Wright-Reed Just and Reasonable Communications Act of 2022

“We support the legislation and believe it is long overdue for our industry to stop fighting with reform-minded legislators and regulators. Instead, we have adopted a more collaborative approach that balances the needs of the incarcerated individuals and their families who use and pay for our services, and the corrections agencies that contract for them. “In stark contrast with many other providers of inmate communications services, we are aligned with Congress and the FCC on a shared vision of affordability, accessibility and thoughtful regulation that ensures incarcerated individuals...

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December 21, 2022

Aventiv Technologies Welcomes Agreement with New York AG Office

Dallas, TX – Aventiv Technologies today issued the following statement in support of its subsidiary company JPay, LLC’s agreement with the State of New York Attorney General’s office to provide free stamps to JPay consumers incarcerated at NYSDOCCS and pay a one-time $50,000.00 fine associated with customer service complaints regarding the operability of older generation media tablets at correctional facilities in New York State. “We welcome this agreement with the New York Attorney General’s Office.  Aventiv has been making dramatic progress in our multiyear transformation fro...

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December 14, 2022

Platinum Equity to Acquire HarbisonWalker International

HWI to join forces with Imerys SA’s High Temperature Solutions business, creating a global refractories provider with a comprehensive product portfolio and expanded reach LOS ANGELES (December 14, 2022) – Platinum Equity announced today the signing of a definitive merger agreement to acquire HarbisonWalker International (HWI), a supplier of refractory products and services in North America. Financial terms were not disclosed. The transaction is expected to be completed in the first half of 2023, subject to customary closing conditions and regulatory approval. “We are pleased to ...

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December 06, 2022

McGraw Hill Acquires Boards & Beyond, On-Demand Video Platform for Medical Students

Acquisition expands McGraw Hill’s position as a leading provider of trusted medical learning resources to students and professionals COLUMBUS, Ohio (December 6, 2022) – McGraw Hill today announced that it has acquired Ryan Medical Education LLC, d/b/a Boards & Beyond, a provider of on-demand video libraries and comprehensive online resources that help medical students efficiently learn fundamentals of medical basic sciences and clinical medicine. The acquisition expands McGraw Hill’s digital capabilities and deep presence in the medical education sector, supplementing the compa...

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