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December 17, 2020

How Tom Gores cultivated the Detroit Pistons’ push for diversity and inclusion

It is an annual occurrence in NBA markets. Shortly after the draft, a news conference is held to introduce the young prospects to local media. The front office’s top talent evaluator and the head coach explain the reasoning behind the selections and why this collection of talent will ultimately lead to winning games. That was the scene on Nov. 27 when the Detroit Pistons presented their 2020 draft class - rookies Killian Hayes, Isaiah Washington, Saddiq Bey and Saben Lee. General manager Troy Weaver said the four men, “embody everything we want for the Pistons going forward.”...

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December 09, 2020

Platinum Equity to Acquire Ingram Micro for $7.2 Billion

Acquisition of World’s Largest Technology Distributor and Leading Provider of Logistics Solutions and Services to Leverage Platinum Equity’s Industry Experience, Financial Resources and Global Operating Expertise Ingram Micro, with $47 Billion of Annual Sales, Gains Added Flexibility and Resources to Accelerate Growth and Execute on Strategic Initiatives Under Platinum Equity’s Ownership LOS ANGELES and IRVINE, California (December 9, 2020) – Platinum Equity today announced that it has entered into a definitive agreement to acquire Ingram Micro Inc., the world’s largest provid...

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December 03, 2020

Nesco Holdings to Acquire Custom Truck One Source and Create Leading Specialty Rental Equipment Company in Partnership with Platinum Equity

Transformative transaction resulting in greater scale and enhanced depth and breadth of products and services to better serve highly attractive infrastructure-related end-market customers   Platinum Equity, the premier financial sponsor in the specialty rental equipment industry, has committed to invest over $850 million in Nesco and will hold a majority interest in the combined company   Nesco lead investors, Energy Capital Partners and Capitol Investment, and existing CTOS lead investor, Blackstone, to remain ongoing shareholders in partnership with Platinum Equity   Combination sig...

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November 13, 2020

Platinum Equity to Sell PrimeSource to Clearlake Capital Group

Global Distributor of Specialty Building Materials will Serve as Clearlake’s Latest Platform for Organic Growth and Add-on Acquisitions in the Specialty Distribution Sector LOS ANGELES, CA, SANTA MONICA, CA AND IRVING, TX (November 13, 2020) – Platinum Equity announced today the signing of a definitive agreement to sell PriSo Holding Corporation (“PrimeSource”, or the “Company”) to Clearlake Capital Group, L.P. (together with affiliates, “Clearlake”). Terms of the transaction were not disclosed. PrimeSource is a leading global distributor of specialty building materials ...

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November 11, 2020

Update: Securus reports ‘significant’ progress with transformation agenda

Securus reduced phone rates, provided 50% customer savings, and introduced new tablet software and a pre-paid card with discounted payment services as part of their commitment to actionable reform. DALLAS, TEXAS– Aventiv Technologies and its corrections-services subsidiary Securus Technologies, today reported progress made toward comprehensive, transformation commitments announced in mid-January to make the company’s products and services accountable, accessible, and affordable. These commitments benefit incarcerated Americans and correctional facilitates across the United S...

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October 08, 2020

Leading From the Front

Oct. 8, 2020 Mr. Michael Govan Los Angeles County Museum of Art 5905 Wilshire Blvd. Los Angeles, CA 90036 Dear Michael and Trustees, Thank you for your time and dialogue last week in speaking to the important issues of social justice, racial justice and criminal justice reform as it relates to the board’s service on behalf of the museum. I was happy to answer questions about Platinum Equity’s investment in Securus Technologies, and to detail our comprehensive efforts to transform the company and make its products and services more affordable, more accessible and more supportiv...

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