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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October 02, 2012
BWAY Parent Company, Inc. to be Acquired by Platinum Equity
Atlanta, GA – BWAY Parent Company, Inc, a leading North American supplier of general line rigid containers through its primary operating subsidiary, BWAY Corporation, announced today that it has entered into a definitive agreement to be acquired by an affiliate of Platinum Equity in a transaction valued at approximately $1.24 billion. "We are very excited about this transaction with Platinum Equity. Platinum brings to BWAY a strong operational and strategic focus and a tremendous track record of value creation that we are convinced will help us achieve new levels of success," said Ken Roe...
Read moreAugust 15, 2012
Hilton Worldwide Recognizes 2011 Hotel Development Award Winners for North America
MCLEAN, VA - Hilton Worldwide today announced the winners of its annual development awards for North America in the categories of Lifetime Achievement, Developer of the Year, Best Conversion, Deal of the Year and Outstanding Achievement. Recipients are awarded based on criteria that includes unique hotels developed, total number and quality of hotels, impact on community and fastest construction time. "Our success is due, in part, to the critical contributions and support of our hotel owners," said Craig Mance, senior vice president, North American development, Hilton Worldwide. "Their comm...
Read moreAugust 01, 2012
Caterpillar Completes Sale of Third-Party Logistics Business to Platinum Equity
Peoria, Ill. – Caterpillar Inc (NYSE: CAT) and Platinum Equity announced today that Platinum Equity’s acquisition of a majority interest in Caterpillar Logistics Services has been completed. Caterpillar will retain a 35 percent equity stake in the business. The overall transaction is valued at approximately $750 million. Caterpillar Logistics Services is the third party logistics division of Caterpillar’s wholly owned subsidiary, Caterpillar Logistics Inc. (Cat Logistics). Platinum intends to establish the business as a standalone company under a new brand that will be announced at a ...
Read moreJuly 31, 2012
Image Sensors from Truesense Imaging Enable Mars Science Laboratory To Capture High Definition Images From Mars
Rochester, NY – When NASA's Mars Science Laboratory (MSL) rover Curiosity lands on Mars this weekend, image sensors from Truesense Imaging will be on board to capture high definition color images from the surface of the Red Planet. Curiosity, scheduled to land during the early morning hours of August 6 (U.S. Eastern time), is designed to assess whether Mars ever had an environment able to support life by deploying the most advanced set of scientific instruments ever sent to the planet. As part of that instrument suite, all four science cameras on the rover are designed using image sensors...
Read moreJune 26, 2012
Schutt Sports' Helmets: Protecting the Yolk
With player safety a leading concern among football players at all levels of play, Pro Football Weekly devoted an in-depth three-part article to the football helmet industry: manufacturing challenges, the major industry players, and NOCSAE (National Operating Committee on Standards for Athletic Equipment) testing. Platinum Equity portfolio company Schutt Sports is one of the four companies profiled for its innovative approach to impact absorption and its TPU Cushioning. Concussion prevention is among the NFL's primary concerns, an issue being taken seriously by NFL Commissioner Roger Goodel...
Read moreJune 21, 2012
Keystone Automotive Operations Announces Opening of Portland, Oregon Warehouse Operations
Exeter, PA – Keystone Automotive Operations, Inc. announced today that the company is again expanding its operations, in order to serve its customers better in the Pacific Northwest and Western Canada. The company has been very actively growing over the past few years and will be opening its fifth warehouse in the Portland Metropolitan Area. As part of Keystone's recent acquisition of NTP Distribution, Inc. (a leading Wholesale Distributor of aftermarket RV products, parts and accessories), Keystone is now able to supply automotive products from this major location. Keystone's leadershi...
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