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July 01, 2020

Platinum Equity Acquires L&R Distributors

Transaction represents the firm’s third Small Cap acquisition in the last four months LOS ANGELES (July 1, 2020) – Platinum Equity today announced the acquisition of L&R Distributors from affiliates of the company’s founders. Financial terms were not disclosed. Headquartered in Brooklyn, New York, L&R is a growing wholesale distributor of consumer products servicing more than 17,000 retail locations throughout the United States. L&R specializes in large SKU-count categories such as cosmetics, hair care products, stationary, office supplies and toys, and operates three d...

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July 01, 2020

Platinum Equity Expands Entertainment Portfolio with Acquisition of Deluxe Entertainment's Distribution Business

Firm recruits former CEO Cyril Drabinsky to return and lead business at a pivotal time for an industry disrupted by coronavirus crisis LOS ANGELES (July 1, 2020) – Platinum Equity today announced the acquisition of Deluxe Entertainment Services Inc.’s distribution business (“Deluxe”). Financial terms were not disclosed. Deluxe Entertainment’s creative businesses are not included in the acquisition. Former Deluxe CEO Cyril Drabinsky, who left the company in 2016 to found CineVizion, is returning to lead the business as CEO under Platinum Equity’s ownership. As part of the tra...

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June 26, 2020

How Valpak, Platinum Equity help small businesses remain relevant during COVID-19 crisis

The state of Ohio allowed restaurants to resume dine-in services on May 21. But when reached shortly after Gov. Mike DeWine’s executive order allowing eateries to resume limited operations after being forced to close in March in an effort to mitigate the spread of COVID-19, restaurant owner Frank Fusco had yet to resume seating diners. He took his time, making sure he could adhere to regulations created to provide a safe environment for customers eager to consume pizza and pasta at Frankie’s Italian Cuisine, which is located in a Cleveland suburb. He could afford to be patient. An...

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June 05, 2020

Platinum Equity CEO Tom Gores Discusses Transformation of Securus Technologies With Former FCC Commissioners

Platinum Equity Chairman and CEO Tom Gores sent the following correspondence today in response to a letter dated May 20, 2020 from former FCC Commissioners Mignon Clyburn, Michael Copps, and Gloria Tristani requesting that Securus Technologies, a Platinum Equity portfolio company, take steps to support incarcerated individuals and their families during the COVID-19 pandemic: June 5, 2020 Dear Commissioners Clyburn, Copps and Tristani: Thank you for your May 20 correspondence, and for your continued efforts in support of robust and affordable communications services, particul...

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June 01, 2020

Platinum Equity Portfolio Company Orbit Irrigation Acquires Bond Manufacturing’s Garden Business

Add-on Acquisition Marks Second Platinum Equity Small Cap Deal in Last Two Months LOS ANGELES and SALT LAKE CITY (June 1, 2020) – Platinum Equity portfolio company Orbit Irrigation announced today the acquisition of Bond Manufacturing’s garden business from affiliates of the company’s founding family in a carve-out transaction.  Financial terms were not disclosed. Headquartered in Antioch, Calif., Bond is a manufacturer and distributor of irrigation and garden products, including hose and watering devices, long and short-handle garden tools, and grower supply goods. The company ma...

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May 28, 2020

United Site Services has opportunity to redefine what is ‘essential’

The COVID-19 crisis has forced all to rethink the definition of essential workers.No longer meaning only the areas of public safety, healthcare and transportation, the term has grown to include anything supporting those industries and many others during times of crisis.For United Site Services, the country’s largest provider of portable sanitation and temporary site services, it’s created an opportunity to tell a story.USS services were needed to support efforts in Seattle to shelter those unable to self-quarantine to mitigate the spread of the coronavirus.USS services were needed to suppo...

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