Platinum Equity to Sell Heat Controller to Lennox
Sale positions Heat Controller for continued growth Divestiture represents final exit of the firm’s investment in HVA...
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May 17, 2021
Platinum Equity to Create Premier Skill-Based Game Platform Through Acquisitions of Game Taco and WorldWinner
Game Taco Founder Josh Barrow to lead combined business following carve out of WorldWinner from GSN Games Media Executive David Nathanson to serve as Executive Chairman LOS ANGELES – May 17, 2021 – Platinum Equity today announced the signing of an agreement to acquire Game Taco, a premier skill-based mobile gaming platform that joins gamers from around the world to play and compete in tournaments for fun and cash prizes. In connection with the transaction, Game Taco will acquire WorldWinner, a pioneer in skill-game development and offerings, from GSN Games, a Game Show Network divis...
Read moreMay 05, 2021
‘Opportunity for significant upside’ driving force behind Custom Truck One Source-Nesco merger
On paper, the merger makes perfect sense. Custom Truck One Source and Nesco were competitors in the specialty rental equipment market, which serves many expected growth sectors. But with multiple stakeholders and concerns to satisfy, Platinum Equity Managing Director David Glatt said recently that it took more than a year to structure and close the transaction. “Typically you're negotiating with one party on either side, and there's give and take on certain things, and you're trying to satisfy one party's objectives,” Glatt said. “Here, there were multiple constituents involved....
Read moreMay 03, 2021
Securus Technologies Announces New Expansive Post-Incarceration Unit and Welcomes Community Justice Expert as Program Lead
Securus Technologies today announced the organization's new Post-Incarceration Business Unit, focused on identifying more opportunities to support individuals after release and provide critical resources to foster successful reentry. The organization has also welcomed Alisha James as Senior Vice President and General Manager of the Post-Incarceration team who is responsible for identifying and implementing new ways the organization can prepare and support formerly incarcerated individuals as they re-enter their communities. James' appointment is the latest of a series of executive hires to div...
Read moreApril 27, 2021
Securus Technologies Provides More Than 340 Million Free Minutes Of Phone Connections For Incarcerated Individuals During Pandemic
In their efforts to keeping families connected and to support re-entry they have offered 41.5 million free phone calls totaling over 341.5 million free minutes DALLAS, April 27, 2021 -- Securus Technologies today released its monthly update detailing the total number of free calls, video connections, JPay Stamps, news subscriptions and game downloads it has provided since the beginning of the COVID-19 pandemic. The offerings are part of an emergency program Securus deployed with its correctional partners on March 13, 2020, when the pandemic was declared a national emergency. It was devel...
Read moreApril 12, 2021
Platinum Equity to Acquire Club Car from Ingersoll Rand for $1.7 Billion
Global leader in golf, consumer and utility vehicles to benefit from Platinum Equity’s carve out experience and operational expertise LOS ANGELES (April 12, 2021) – Platinum Equity announced today it has entered into a definitive agreement to acquire Club Car from Ingersoll Rand (NYSE:IR) in a transaction valued at approximately $1.7 billion. The acquisition, subject to standard closing conditions, is expected to be completed by the third quarter of 2021. Founded in 1958 and headquartered in Augusta, Georgia, Club Car is a global manufacturer of golf cars, utility, personal transport...
Read moreApril 05, 2021
Yusef Jackson Joins Aventiv Technologies Executive Team
Aventiv Technologies and Platinum Equity today announced the appointment of Yusef Jackson as a senior executive at the company and advisor to the ownership group. Mr. Jackson will help Aventiv’s corrections subsidiary, Securus Technologies, expand and implement an ongoing operational transformation to make current products and services more affordable and accessible, and develop new offerings that help create better outcomes for incarcerated individuals. He also will facilitate external partnerships with leaders from the civic, educational, and corporate communities; and deepen internal p...
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