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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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April 14, 2020

Jostens answers Platinum Equity’s call to action with free virtual commencement centers

The dream of a run to the baseball state playoffs ended in districts. An anticipated final concert with the school band was cancelled. As co-class president, experiencing detailed planning for a senior prom that will never occur. Thomas Arend, who remains upbeat despite the setbacks, is succinct when discussing how routine rites of passage have been snatched away over the last few weeks. “It kind of sucks,” he said. The North Thurston (Wash.) High School student is just one of many to see the final months of senior year interrupted by school closings. Gov. Jay Inslee announc...

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April 13, 2020

Tom Gores Purchases 100,000 PPE Masks for City of Detroit

Surgical-grade Masks to Support First Responders and City Workers on Frontline of COVID-19 Crisis DETROIT, Mich. – Pistons owner Tom Gores and Detroit Mayor Mike Duggan announced today that Mr. Gores purchased 100,000 PPE masks for deployment and use by the City of Detroit. The surgical-grade masks will be provided to Detroit police officers, firefighters, bus drivers and other city workers serving the public in order to help slow the spread of COVID-19. “First responders and city workers are on the front line of this crisis and they need our support now more than ever,” said Mr...

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April 11, 2020

Platinum Equity Responds to COVID-19

In response to the global pandemic caused by COVID-19, Platinum Equity’s top priorities are: Protect the well-being of our employees and their families Ensure the continuity of our business Mitigate the impact of the crisis on the firm’s portfolio companies Pursue new opportunities in the market “We are intensely focused on the health of our people, our firm and our portfolio companies during this global pandemic,” said Platinum Equity Chairman and CEO Tom Gores. “We are taking the steps needed to keep our team safe while ensuring the continuity of our business.” ...

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April 06, 2020

Platinum Equity Completes Acquisition of Farnese Vini

Firm continues pursuing new investments while taking necessary precautions during global pandemic LOS ANGELES (April 6, 2020) – Platinum Equity announced today that the acquisition of Farnese Group from NB Renaissance Partners has been completed. Financial terms were not disclosed. The transaction was signed last December and has now closed as expected, with Platinum Equity teams working hard while adhering to measures taken in response to COVID-19. The firm implemented companywide travel restrictions and work-from-home policies weeks ago in order to protect employees and help slow the...

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