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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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...
Read moreJune 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...
Read moreJune 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...
Read moreMay 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...
Read moreApril 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...
Read moreApril 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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