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September 08, 2022

Why Platinum Equity likes ‘high velocity M&A’ opportunity in UK property services market

Acquisition of Leaders Romans Group amplifies European momentum because of its place in the UK property market In early March, residential property letting company Leaders Romans Group announced the acquisition of Northfields Holdings, the first acquisition for United Kingdom-based LRG under the Platinum Equity umbrella. Since that acquisition, LRG has acquired SPL Property Management, GSC Estate Management, and Hose Rhodes Dickson. The M&A activity is a continuation of the company’s “high-velocity M&A program,” which was cited by Platinum Equity Partner Louis Samson, wh...

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August 30, 2022

Why Detroit Pistons owner and Platinum Equity founder Tom Gores hopes basketball camps can be ‘foundation of success’ for kids

Jeremiah West was eager to volunteer at the five-day basketball camp recently held in the Petosky-Otsego neighborhood in Detroit. He fondly remembers when he was taught to play by older kids as a youth. “The camp keeps the kids active and teaches them the fundamentals of basketball,” West said of the early August camp that also allowed West to give back to his community. “Some of the kids don’t have a hoop at home so they come here, play basketball, meet new friends and it’s a good thing we have this.” West was one of the assistant coaches at the basketball camp sponsored ...

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August 23, 2022

Aventiv Technologies Launches New Website Dedicated to Providing Information, Resources, and Support to Families and Friends of Incarcerated Individuals

“This new site is part of Aventiv’s larger transformation to better serve the families and friends who support their incarcerated loved ones” – Dave Abel, Aventiv CEO DALLAS, August 23, 2022 — Aventiv Technologies, the leading corrections technology company driving efforts to better serve incarcerated individuals through rehabilitative justice, today announced the launch of a website dedicated to providing information, resources, and support for the friends and families of incarcerated loved ones. The new site, FamiliesAndIncarceration.com, was built after meeting with consumer...

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August 12, 2022

Club Car president discusses company’s future as a ‘lifestyle brand’

EVANS, Ga. – Queen Elizabeth’s mode of transportation recently at the Royal Horticultural Society's Chelsea Flower Show drew considerable media attention. At the age of 95, she was driven in a $75,000, state-of-the art golf cart with all-weather capability. The cart came equipped with cream leather seats with reclining capability. Cup holders, a heated windscreen and Bluetooth capability were among the other features for the luxury vehicle. The cart was manufactured by Garia, a Danish low-speed electric vehicle company acquired by Club Car earlier this year. It was Club Car’s first...

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August 11, 2022

How Ball Metalpack $1.35 billion divestiture shows Platinum Equity can be a ‘trusted partner’ to corporate sellers

Stakeholders give insight into how good relations and trust are vital when it comes to corporate partnerships When Platinum Equity and Ball Corporation sold Ball Metalpack to Sonoco for approximately $1.35 billion, it marked a successful exit for a Platinum-sponsored partnership with a corporate seller. The sale came after a comprehensive three-year transformation program where Ball Metalpack, the sustainable steel container manufacturer based in Colorado, was established as a standalone enterprise through a broad range of operational improvements throughout the business. The containe...

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August 11, 2022

Solenis To Acquire Clearon Corp. and Combine Pool Businesses

Acquisition will expand Solenis’ product offering and strengthen its ability to supply cost-effective, sustainable solutions for recreational pool and spa customers, providing clean, clear, safer water. WILMINGTON, Del. and SOUTH CHARLESTON, W.Va. (USA) — Solenis and Clearon Corp. have announced that Solenis has entered into a definitive agreement to acquire Clearon. This acquisition will enable Solenis to expand its portfolio of products for the residential and commercial pool water and spa treatment markets. Clearon produces trichloroisocyanuric acid (trichlor) and dichloroisocyan...

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