Platinum Equity Completes Acquisition of Tangent Technologies
Platinum Equity announces completion of Tangent Technologies acquisition.
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June 06, 2022
Why Tom Gores and the Pistons are building new $20 million community center in Detroit as a social justice initiative: ‘We should be reacting every single day’
MACKINAC ISLAND – Social justice has become a major point of discussion since the killing of George Floyd by a Minneapolis police officer. Platinum Equity Founder and CEO Tom Gores is no different than other business leaders who have pondered the issue over the last two years. But when he decided to act, instead of going it alone, he sought guidance from those with personal stories of being slighted simply because of skin color. Those discussions led Gores, who is owner of the Detroit Pistons, to establish a $20 million fund to build a new community center in Detroit. The decision ...
Read moreJune 02, 2022
Club Car Completes Acquisition of Garia
Augusta, Ga (June 2, 2022) – Club Car, a leading manufacturer and global leader in golf, consumer, and utility vehicles, today announced that it has completed the acquisition of Garia A/S (“Garia”) a Denmark-based manufacturer of electric street legal low-speed vehicles for the utility, consumer and golf markets. The acquisition also includes Melex, which Garia acquired in 2021 to accelerate its growth in the utility space. Melex is a manufacturer of lightweight utility vehicles based in Poland. “We are incredibly excited that Garia and Melex have joined Club Car. Together, we sh...
Read moreJune 01, 2022
Inspired by Voices Inside Pistons Organization, Tom Gores to Fund New Flagship Community Center in Rouge Park
$20 million commitment will fund new 25,000-square foot multi-use facility, renovate Brennan pool house, and deliver diverse range of services to Cody Rouge neighborhood Gores, Pistons organization and Detroit Parks & Rec to engage residents in planning, design and programming Project originated through discussions with Pistons players, coaches and executives on how to expand and accelerate social justice impact DETROIT (June 1, 2022) – Tom Gores, chairman and CEO of Platinum Equity and owner of the Detroit Pistons, announced plans today to build a new $20 million community ce...
Read moreJune 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...
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