Platinum Equity Invests in HVAC/R Distributor Motors & Armatures
Firm to partner with MARS’ current shareholders and management team, which will continue as equity partners Transac...
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Press Releases • October 17, 2005
Platinum Equity Signs Definitive Agreement to Sell ACR Logistics to Kuehne + Nagel International
Operational Performance and Enterprise Value Grew Dramatically Under Platinum Ownership LOS ANGELES (October 17, 2005) – Platinum Equity announced today that it has agreed to sell portfolio company ACR Logistics to Kuehne + Nagel International AG, one of world’s largest logistics companies. The agreement values ACR Logistics at nearly €500 million euros. The transaction, which is subject to regulatory approval, is expected to be completed in early 2006. “ACR Logistics has been an outstanding investment for Platinum Equity, and we are confident the company will continue to thri...
Read morePress Releases • October 24, 2005
Platinum Equity Signs Definitive Agreement to Acquire ESM Group Inc. from Degussa AG
Company Provides Products and Services to the Steel Industry; Agreement is Platinum’s Third Transaction Announcement in the Past Week LOS ANGELES (October 24, 2005) – Platinum Equity announced today that it has signed a definitive agreement to acquire ESM Group Inc., a leading provider of products and services to the steel industry headquartered in Amherst, N.Y. The seller is Degussa AG, the global market leader in specialty chemicals based in Dusseldorf, Germany. ESM Group was part of the metallurgy business that Degussa designated as non-core and divested in four modules in orde...
Read morePress Releases • November 21, 2005
Merry X-Ray Acquires SourceOne Healthcare Technologies
LOS ANGELES (November 21, 2005) – Merry X-Ray Corporation, a nationwide leader in medical imaging technology and service, has acquired SourceOne Healthcare Technologies from Platinum Equity, the companies announced today. Financial terms were not disclosed. Merry X-Ray executives said the acquisition of SourceOne would expand their reach as one of the leading providers of radiology imaging solutions to hospitals and health care centers across North America. “The acquisition of SourceOne not only enables us to strengthen our national presence, but also assures our continued growth and...
Read morePress Releases • December 21, 2005
Platinum Equity Completes Acquisition of ESM Group
Degussa AG Divests Provider of Products and Services to the Steel Industry LOS ANGELES (December 21, 2005) – Platinum Equity announced today that it has completed the acquisition of ESM Group Inc., a leading provider of products and services to the steel industry headquartered in Amherst, N.Y. The seller is Degussa AG, a global specialty chemicals manufacturer based in Germany. ESM Group was part of the metallurgy business that Degussa designated as non-core and divested in four modules in order to focus on the company’s core specialty chemicals business. ESM provides a variety of...
Read morePress Releases • December 28, 2005
Platinum Equity Completes Acquisition of Peak Technologies
LOS ANGELES (December 23, 2005) – Platinum Equity announced today that it has completed the acquisition of PEAK Technologies, an international provider of automated identification and data collection (AIDC) systems and enterprise mobility solutions, from R. R. Donnelley & Sons Company. The transaction was announced on October 21, 2005. PEAK Technologies, based in Columbia, MD, designs and implements data collection and printing solutions for warehousing, manufacturing, distribution and field-based operations. From printing and bar code data collection products to complete tu...
Read morePress Releases • January 03, 2006
Platinum Equity's Matrix Telecom Completes Acquisition of Global Crossing's Small Business Group
Transaction Includes Long-term Carrier Services Agreement LOS ANGELES (January 3, 2006) – Platinum Equity announced today that its portfolio company Matrix Telecom, Inc. has completed the acquisition of Global Crossing’s Small Business Group (SBG), which provides voice and data products to small- and medium-sized enterprise customers in the United States. In addition, Global Crossing and Matrix announced they have executed a long-term carrier services agreement under which Global Crossing will provide a full suite of voice, data and IP services to Matrix and its customers. SBG’s cu...
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