Ingram Micro begins trading on NYSE
Stock closed first day of trading up nearly 12% at $24.60 vs IPO price of $22 Offering raised more than $400 million ...
September 17, 2024
Ushering in New Era of Sustainable Energy Innovation: Rehlko builds on a 100-plus-year legacy of powering an energy resilient world for a better future. KOHLER, Wis. – September 17th, 2024 – Kohler Energy today officially rebranded under its new corporate name Rehlko (pronounced RELL-koh), marking a major milestone in the company’s 100 -plus-year history delivering innovative, resilient energy solutions that provide independence, agility, and security to mission-critical infrastructure, facilities and residences. Rehlko will continue operating as an independent enterprise. The com...
Read morePress Releases • August 30, 2024
Acquisition of Mumbai-based generic pharmaceutical business led by Platinum’s Asia investment team LOS ANGELES and MUMBAI (August 28, 2024) – Platinum Equity announced today the acquisition of a controlling stake in Inventia Healthcare Limited’s core Oral Solid Dosage ("OSD") business (“Inventia”) from India Life Sciences Fund III (Advised by InvAscent), NYLIM Jacob Ballas India Fund III, LLC, Mauritius and affiliates of the company's founding Shah family (collectively, the “Sellers”). The Shah family is retaining a minority stake in Inventia. Invengene and Nutriventia, the...
Read moreAugust 20, 2024
The fiber-to-the-home market is expected to grow with the rise in streaming TV and other factors contributing to that growth. Earlier this year, while explaining Platinum Equity’s investment in broadband provider Tak Communications, Managing Director Krasner is quick to note that Amazon Prime Video’s airing of an NFL playoff game earlier this year – with 23 million viewers – was the most-streamed live event in U.S. history. Also, the NBA is nearing a deal with Amazon that would make the streaming behemoth a broadcast partner. With providers expected to make more content only avai...
Read moreAugust 19, 2024
DETROIT – Platinum Equity representatives recently joined celebrities, athletes and community leaders to support the 14th annual Jalen Rose Leadership Academy Celebrity Golf Classic, a fundraising event to support the public charter school bearing the name of the former NBA standout. For the 11th straight year, Platinum Equity Founder and CEO Tom Gores and the firm were presenting sponsors for the event which has grown to become the school’s top fundraiser. Among the celebrities appearing were former NBA standout Chris Webber, journalist Jemele Hill and political commentator Roland M...
Read morePress Releases • August 06, 2024
LOS ANGELES (August 6, 2024) – Platinum Equity announced today the acquisition of ASP Global, a leading strategic partner to the healthcare industry that develops, sources and distributes consumable medical products for healthcare providers and distributors. Financial terms were not disclosed. Based in Atlanta, ASP leverages its global sourcing network to provide high-quality products that are customized to meet the specific needs of health systems, labs, GPOs and distributors. The company’s capabilities give customers control over the design and functionality of their products, help...
Read morePress Releases • July 29, 2024
Divesture marks final exit of Platinum’s Yak Access Investment LOS ANGELES (July 29, 2024) – Platinum Equity announced today the sale of BluRoc LLC to Mollitiam Holdings. Financial terms were not disclosed. Headquartered in Northampton, Massachusetts, BluRoc is a provider of temporary and permanent access roads, midstream projects, renewable infrastructure, access matting, environmental controls, land clearing and bridge installation services. BluRoc was previously owned by Yak Access, which Platinum Equity sold in March to United Rentals, Inc. (NYSE: URI) for approximately $1.1...
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