How Sunrise Medical Supports Air Travel Innovation for Power Wheelchair Users
Wheelchair manufacturer works to assist users who need assistance while flying.
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June 01, 2022
Platinum Equity CEO Tom Gores among featured speakers at annual conference featuring Michigan business leaders, government officials
The last few years have been eventful for Platinum Equity CEO and Detroit Pistons owner Tom Gores. The private equity firm he founded in 1995 is coming off a banner year of deal activity in 2021. On the court, the Detroit Pistons just completed their fifth season playing at Little Caesars Arena in downtown Detroit, nearly six years after Gores decided to move the franchise from northern Detroit suburbs. In 2019, in partnership with Henry Ford Health, the Pistons opened a state-of-the-art performance center and world headquarters. Gores and the Pistons have strengthened philanthrop...
Read moreMay 13, 2022
Securus Technologies Appeals for a More Serious, Thoughtful Approach to Regulation of Calling Services for the Incarcerated in California
Company Asks Court to Require CPUC to Reconsider Its 2021 Interim Rate Order Securus Technologies has submitted an appeal of the California Public Utilities Commission’s (CPUC) 2021 Interim Rate Order for Incarcerated Person Calling Services (ICPS), noting the Commission’s rejection of its own staff’s recommendation to follow the Federal Communications Commission’s (FCC) 2021 meaningful, data-driven reform of ICPS rates. The appeal asks the court to vacate the 2021 Interim Rate Order and return the issue to the Commission for further proceedings that, the company hopes, will achi...
Read moreMay 09, 2022
Alex Doñé Joins Platinum Equity as Managing Director
LOS ANGELES (May 9, 2022) – Platinum Equity announced today that Alex Doñé has joined the firm as a Managing Director responsible for global functions related to strategic planning, investor capital development and other firm leadership initiatives. Mr. Doñé was most recently Chief Investment Officer (CIO) for the New York City Comptroller’s Office Bureau of Asset Management (NYC BAM) where he oversaw more than $265 billion of assets for the New York City Retirement Systems (NYCRS) and their more than 700,000 members, retirees, and beneficiaries. He left NYC BAM at the end of 2021 a...
Read moreApril 29, 2022
How the Detroit Pistons, Singer Corporation helped budding fashion designer with Rosa Parks celebration
Jalen Rose Leadership Academy senior Sheree Patton thought she was just going to see the Detroit Pistons. But as part of February’s Black History Month celebration to honor civil right icon Rosa Park, the Pistons and Singer Corporation partnered to surprise the aspiring fashion designer with a new sewing machine. “She thought that she had just gotten Piston tickets, and we were just going to the game,” Sheree’s mother, Sherese, told Pistons.com recently. “I think we told her she won something, but it had to make sense so she would go and wouldn't be none the wiser.” The do...
Read moreApril 09, 2022
Club Car to Acquire Danish Electric Vehicle Manufacturer Garia From Lars Larsen Group
Acquisition to increase Club Car presence in Europe, diversify product portfolio in growing consumer and utility markets Expanded portfolio of zero-emission vehicles to help meet increasing global demand for sustainable transportation options AUGUSTA, Ga., April 9, 2022 /PRNewswire/ -- Club Car today announced the signing of a definitive agreement to acquire Garia A/S ("Garia"), a Denmark-based manufacturer of electric low-speed vehicles for the utility, consumer and golf markets, from Lars Larsen Group. Financial terms were not disclosed. The transaction is expected to close in th...
Read moreApril 04, 2022
Platinum Equity Portfolio Company Ingram Micro Completes Sale of Majority of Commerce & Lifecycle Services Business
Sale allows Ingram Micro to increase focus on growth of core technology and cloud businesses LOS ANGELES (April 4, 2022) – Platinum Equity confirmed today that the main closing of the sale of most of portfolio company Ingram Micro’s Commerce & Lifecycle Services Business (“CLS”) to CMA CGM Group has been completed. The transaction was valued at approximately $3 billion. The main closing involved the divestiture of CLS operations in Europe, Canada, U.S., Peru, Colombia, Chile, and Argentina. The deferred closing regarding the remaining operations in Asia Pacific, Mexico and C...
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