Platinum Equity Completes Acquisition of Tangent Technologies
Platinum Equity announces completion of Tangent Technologies acquisition.
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June 23, 2014
Platinum Equity Sells Acument to Fontana Gruppo
Successful Eight-Year Stewardship of Detroit-based Fastener Company Highlights Value of Platinum Equity’s Operations Capabilities and Turnaround Expertise LOS ANGELES, CA (June 23, 2014) – Platinum Equity today announced the sale of Acument Global Technologies, a leading provider of mechanical fastening products and services for the transportation market, to Fontana Gruppo, an Italian manufacturer of fastening solutions. Financial terms of the transaction were not disclosed. “Acument is a healthy, thriving business today and will be a great fit within Fontana’s portfoli...
Read moreJune 10, 2014
Former Emerson EVP Craig Ashmore Brings Unique Seller’s Perspective to Platinum Equity’s Buy-Side Efforts
LOS ANGELES, CA, June 10, 2014. Former Emerson Executive Vice President Craig Ashmore, who joined Platinum Equity earlier this year in a senior business development role focused on sourcing new acquisition opportunities, today sits on the other side of the table from where he once sat during a 22-year career as an executive and corporate dealmaker. He spends much of his time meeting with executives at other large, global companies who are wrestling with the same challenges he once faced as part of the leadership team at Emerson, a $25 billion global manufacturing and technology co...
Read moreMay 01, 2014
Platinum Equity Completes Sale of Truesense Imaging
LOS ANGELES, Calif. (May 1, 2014) – Platinum Equity announced today it has completed the sale of Truesense Imaging to ON Semiconductor (NASDAQ: ONNN). Truesense Imaging is a provider of high-performance image sensing devices addressing a wide range of industrial end-markets, including machine vision, surveillance, traffic monitoring, medical and scientific imaging, and photography. “We are proud of this investment and of all the hard work that went into making it successful,” said Platinum Equity’s Jason Leach, who led the initial acquisition. “The business is fundamentally str...
Read moreApril 02, 2014
Platinum Equity to Sell Truesense Imaging to ON Semiconductor
LOS ANGELES, Calif. (April 2, 2014) – Platinum Equity announced today it has signed a definitive agreement to sell Truesense Imaging to ON Semiconductor (NASDAQ: ONNN). Under the terms of the agreement, ON Semiconductor will pay approximately $92 million in cash for the business. Truesense Imaging is a provider of high-performance image sensing devices addressing a wide range of industrial end-markets, including machine vision, surveillance, traffic monitoring, medical and scientific imaging, and photography. Platinum Equity acquired the business (previously known as Kodak Image Sensor So...
Read moreFebruary 27, 2014
Platinum Equity Completes Sale of NESCO To Energy Capital Partners
LOS ANGELES, Calif. (February 27, 2014) – Platinum Equity announced today it has completed the sale of NESCO to an affiliate of Energy Capital Partners LLC (“ECP”). Terms of the agreement were not disclosed. Based in Fort Wayne, Ind., NESCO is a leading provider of fleet equipment rental, sales and services for the North American electrical transmission and distribution market. “We are proud of the way NESCO grew and evolved under Platinum Equity’s ownership,” said Louis Samson, the Partner at Platinum Equity who led the team that acquired NESCO. “We created substantial v...
Read moreFebruary 07, 2014
Volvo Rents Becomes BlueLine Rental
SHIPPENSBURG, Pa. – Volvo Rents, a provider of small- to medium-sized construction rental equipment, today announced the rollout of a new name and corporate identity, BlueLine Rental. The new brand comes following the company’s recent transition to new ownership. Platinum Equity, a Los Angeles-based operations-focused private equity firm, acquired the business from Volvo at the end of January. “The launch of our new identity represents an exciting milestone for the company,” said Scott Hall, President of BlueLine Rental. “With Platinum Equity’s support, we have new opportunities ...
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