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March 26, 2010

Michigan Governor Jennifer Granholm Tours Platinum Equity Portfolio Company

Longtime Four Winns employee Wendy Hunt remembers feelings of uncertainty and devastation when the boat manufacturer’s then-parent company filed for bankruptcy in June 2009. Hunt, a Lake City resident who joined Four Winns’ scheduling department in 1998, thought she was out of a job when her receptionist position was subsequently eliminated. "They always called me the voice of Four Winns," she recalled. But she avoided being laid off after the company transferred her to its maintenance department. Kristy Prince of Cadillac also kept her job in the wake of the bankruptcy filing....

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March 17, 2010

Platinum Portfolio Company Ryerson and Industry Consolidation

Ryerson, a Platinum Equity portfolio company and Chicago based metal distributor and processor with service centers in the U.S. and Canada, is a key player in the ongoing consolidation of the 1,200-company, $153 billion metal services industry. Platinum acquired Ryerson in October 2007, and is preparing an initial public offering that may give it cash to fund purchases. Ryerson is a key player in the ongoing consolidation of the 1,200-company, $153-billion metal services industry Ryerson is the second largest player in the industry. In January, it acquired Texas Steel Processin...

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March 15, 2010

Matrix Telecom Acquires Excel Telecommunications from Denham Capital

DALLAS and BOSTON – March 15, 2010 - Matrix Telecom Inc. (“Matrix”), a Platinum Equity company and provider of voice and data services to small and medium enterprise and residential customers across the United States, and Denham Capital (“Denham”), an energy - and commodities-focused global private equity firm, today announced they have signed a definitive agreement for Matrix to acquire substantially all the customer relationships and assets of Irving-based Comtel Telcom Assets LP, operating as Excel Telecommunications (“Excel”) from Denham. Financial terms of the transaction we...

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March 03, 2010

Platinum Equity Principal Mark Barnhill to Speak at Private Equity Landscape Event

March 3rd, 2010 4:00 pm to 8:00 pm · Briefing and Cocktail Reception · The Beverly Wilshire Hotel, Beverly Hills, CA Private Equity Landscape: Trends and Developments to Follow in 2010 This event will feature speakers from Platinum Equity, Paul Hastings, Alvarez & Marsal, and other industry leaders. The briefing will include thoughts and discussion on how the events and changes in the market over the last year have transformed the way we seek, evaluate and pursue investments. Seizing Opportunities During The Downturn: Time For Reinvention What Will Debt Financing Look Like I...

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March 01, 2010

Platinum Portfolio Company Ranger Boats on Boating Magazine Top Ten List

Ranger Boats, an Arkansas based manufacturer of premium fiberglass fishing boats, is featured in the Boating Magazine annual feature of the best boats of the year. Hundreds of models were judged under stringent selection criteria with Ranger’s all-new Z521 Comanche earning the prestigious honor of placing on the Top Ten list. Platinum acquired Ranger Boats as part of its February 2010 acquisition of Genmar, a suite of recreational and fishing boat brands. The Z521 was recognized for its features that appeal to both competitive anglers and performance enthusiasts. Editors praised the spee...

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February 23, 2010

Platinum Equity to Combine Pomeroy IT Solutions, Inc. and OAO Technology Solutions

Los Angeles, CA, Hebron, KY and Greenbelt, MD — February 23, 2010 — Platinum Equity announced today that it will combine Pomeroy IT Solutions, Inc. and OAO Technology Solutions, Inc. (“OAOT”), creating a single global IT solutions provider with increased scale, broader reach and expanded service offerings. “Pomeroy and OAOT are both recognized industry leaders with unique and complementary product and service offerings,” said Jacob Kotzubei, the partner at Platinum that is leading the combined Pomeroy and OAOT investment. “This combination makes perfect sense and will create n...

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