Platinum Equity Completes Acquisition of Tangent Technologies
Platinum Equity announces completion of Tangent Technologies acquisition.
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April 16, 2012
American Commercial Lines Expands Liquid Cargo Fleet with Purchase of Eight 20,000 Barrel Capacity Tank Barges
Jefferson, IN – American Commercial Lines (ACL) today announced the purchase of eight 20,000 barrel capacity tank barges from SeaRiver Maritime Inc., a subsidiary of Exxon Mobil Corporation. The purchase will expand ACL's fleet of 325 tank barges, which transport liquid cargoes, including chemicals, petroleum, and renewable fuels throughout the U.S. inland waterway system. The company operates the nation's second largest tank barge fleet and the third largest dry cargo fleet. "This expansion of our fleet enables us to meet shippers' needs for mid-range capacity tank barges and undersco...
Read moreApril 09, 2012
Wheel Pros Brand, Motegi Racing, Custom Designs Technomesh GT Wheels for Lotus AJR Evora GT
As reported on the Motegi Racing website, Alex Job Racing's Lotus Evora GT #23 will ride exclusively on Motegi Racing Wheels in the 2012 season. Motegi Racing is a brand of Platinum Equity portfolio company Wheel Pros. Motegi designs and engineers advanced performance wheels for vehicles on both racetrack and street. Motegi engineers custom designed a Technomesh GT wheel specifically for the Lotus Evora GT that performs at high expectations in aesthetics and speed. "We count on our teams to help us make the best wheels we can," said Jody Groce, president of Wheel Pros. "We're pleased to ...
Read moreMarch 28, 2012
NFL Draft Picks Stay Dedicated to Schutt Helmet Brand
As reported on WCTV.tv, the 2012 NFL Draft picks will show their loyalty to Schutt Football Helmets, a steadfast brand amongst players. Platinum Equity portfolio company Schutt Sports is among the largest football helmet manufacturers in America, holding a significant percentage of the youth, collegiate, and professional football markets. Players will express their confidence in the Schutt brand by donning the helmets during the draft and plan to wear them in Sunday afternoon games. "I've always been comfortable in a Schutt helmet," said former Georgia Bulldog Brandon Boykin. "It protects...
Read moreMarch 23, 2012
DoubleTree by Hilton Carson in South Bay of Los Angeles Celebrates Completion of Multi-Million-Dollar, Hotel-Wide Transformation
Carson, CA - The DoubleTree by Hilton Carson, located at the crossroads of the South Bay in greater Los Angeles, has completed a multi-million hotel transformation project, which includes comprehensive upgrades throughout the hotel's guest rooms, public areas, function space and dining outlets. Centrally located within a 25-minute drive of downtown Los Angeles and Long Beach, the hotel is a proud sponsor of the Home Depot Center Sports and Entertainment Complex (home of the LA Galaxy and U.S. National Soccer Team), which is located less than two miles from the hotel. "The comprehensive make...
Read moreMarch 01, 2012
Platinum Equity Completes Acquisition of DMS Health Technologies
Los Angeles, CA – Platinum Equity announced today that it has completed the acquisition of DMS Health Technologies from Otter Tail Corporation. Platinum did not disclose terms of the agreement. "We are excited about the potential for DMS Health Technologies and look forward to helping the company evolve and continue to thrive under Platinum's ownership," said Brian Wall, the partner at Platinum Equity whose team is leading the DMS acquisition. DMS Health Technologies provides mobile, interim, and fixed-site diagnostic imaging solutions to hospitals, clinics, and other medical providers...
Read moreFebruary 24, 2012
Platinum Equity Company Ryerson Expands into South America
Chicago, IL – Ryerson Inc., a leading distributor and processor of metals in North America and China, announced today that it has expanded into South America for the first time by acquiring a 50% stake in Açofran Aços e Metais LTDA (“Açofran”), a steel service center based in São Paulo, Brazil. Financial terms of the transaction were not disclosed. “We continue exploring ways to expand our global footprint and diversify our portfolio,” said Ryerson President and CEO Mike Arnold. “Brazil is a large and growing market and this investment provides Ryerson an important foothol...
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