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June 06, 2022

Why Tom Gores and the Pistons are building new $20 million community center in Detroit as a social justice initiative: ‘We should be reacting every single day’

MACKINAC ISLAND – Social justice has become a major point of discussion since the killing of George Floyd by a Minneapolis police officer. Platinum Equity Founder and CEO Tom Gores is no different than other business leaders who have pondered the issue over the last two years. But when he decided to act, instead of going it alone, he sought guidance from those with personal stories of being slighted simply because of skin color. Those ... Read more

MACKINAC ISLAND – Social justice has become a major point of discussion since the killing of George Floyd by a Minneapolis police officer. Platin... Read more

MACKINAC ISLAND – Social justice has become a major point of discussion since the killing of George Floyd by a Minn. Read more

June 02, 2022

Club Car Completes Acquisition of Garia

Augusta, Ga (June 2, 2022) – Club Car, a leading manufacturer and global leader in golf, consumer, and utility vehicles, today announced that it has completed the acquisition of Garia A/S (“Garia”) a Denmark-based manufacturer of electric street legal low-speed vehicles for the utility, consumer and golf markets. The acquisition also includes Melex, which Garia acquired in 2021 to accelerate its growth in the utility space. Melex is a ma... Read more

Augusta, Ga (June 2, 2022) – Club Car, a leading manufacturer and global leader in golf, consumer, and utility vehicles, today announced that it has... Read more

Augusta, Ga (June 2, 2022) – Club Car, a leading manufacturer and global leader in golf, consumer, and utility vehi. Read more

June 01, 2022

Inspired by Voices Inside Pistons Organization, Tom Gores to Fund New Flagship Community Center in Rouge Park

$20 million commitment will fund new 25,000-square foot multi-use facility, renovate Brennan pool house, and deliver diverse range of services to Cody Rouge neighborhood Gores, Pistons organization and Detroit Parks & Rec to engage residents in planning, design and programming Project originated through discussions with Pistons players, coaches and executives on how to expand and accelerate social justice impact DETROIT (June 1, 20... Read more

$20 million commitment will fund new 25,000-square foot multi-use facility, renovate Brennan pool house, and deliver diverse range of services to Cody... Read more

$20 million commitment will fund new 25,000-square foot multi-use facility, renovate Brennan pool house, and deliver . Read more

June 01, 2022

Platinum Equity CEO Tom Gores among featured speakers at annual conference featuring Michigan business leaders, government officials

The last few years have been eventful for Platinum Equity CEO and Detroit Pistons owner Tom Gores. The private equity firm he founded in 1995 is coming off a banner year of deal activity in 2021. On the court, the Detroit Pistons just completed their fifth season playing at Little Caesars Arena in downtown Detroit, nearly six years after Gores decided to move the franchise from northern Detroit suburbs.  In 2019, in partnership... Read more

The last few years have been eventful for Platinum Equity CEO and Detroit Pistons owner Tom Gores. The private equity firm he founded i... Read more

The last few years have been eventful for Platinum Equity CEO and Detroit Pistons owner Tom Gores. The. Read more

May 09, 2022

Alex Doñé Joins Platinum Equity as Managing Director

LOS ANGELES (May 9, 2022) – Platinum Equity announced today that Alex Doñé has joined the firm as a Managing Director responsible for global functions related to strategic planning, investor capital development and other firm leadership initiatives. Mr. Doñé was most recently Chief Investment Officer (CIO) for the New York City Comptroller’s Office Bureau of Asset Management (NYC BAM) where he oversaw more than $265 billion of assets f... Read more

LOS ANGELES (May 9, 2022) – Platinum Equity announced today that Alex Doñé has joined the firm as a Managing Director responsible for global funct... Read more

LOS ANGELES (May 9, 2022) – Platinum Equity announced today that Alex Doñé has joined the firm as a Managing Dire. Read more

April 29, 2022

How the Detroit Pistons, Singer Corporation helped budding fashion designer with Rosa Parks celebration

Jalen Rose Leadership Academy senior Sheree Patton thought she was just going to see the Detroit Pistons.But as part of February’s Black History Month celebration to honor civil right icon Rosa Park, the Pistons and Singer Corporation partnered to surprise the aspiring fashion designer with a new sewing machine.“She thought that she had just gotten Piston tickets, and we were just going to the game,” Sheree’s mother, Sherese, told Pistons... Read more

Jalen Rose Leadership Academy senior Sheree Patton thought she was just going to see the Detroit Pistons.But as part of February’s Black History Mon... Read more

Jalen Rose Leadership Academy senior Sheree Patton thought she was just going to see the Detroit Pistons.But as part . Read more

April 09, 2022

Club Car to Acquire Danish Electric Vehicle Manufacturer Garia From Lars Larsen Group

Acquisition to increase Club Car presence in Europe, diversify product portfolio in growing consumer and utility marketsExpanded portfolio of zero-emission vehicles to help meet increasing global demand for sustainable transportation optionsAUGUSTA, Ga., April 9, 2022 /PRNewswire/ -- Club Car today announced the signing of a definitive agreement to acquire Garia A/S ("Garia"), a Denmark-based manufacturer of electric low-speed vehicles for ... Read more

Acquisition to increase Club Car presence in Europe, diversify product portfolio in growing consumer and utility marketsExpanded portfolio of zero-e... Read more

Acquisition to increase Club Car presence in Europe, diversify product portfolio in growing consumer and utility ma. Read more

April 04, 2022

Platinum Equity Portfolio Company Ingram Micro Completes Sale of Majority of Commerce & Lifecycle Services Business

Sale allows Ingram Micro to increase focus on growth of core technology and cloud businessesLOS ANGELES (April 4, 2022) – Platinum Equity confirmed today that the main closing of the sale of most of portfolio company Ingram Micro’s Commerce & Lifecycle Services Business (“CLS”) to CMA CGM Group has been completed. The transaction was valued at approximately $3 billion.The main closing involved the divestiture of CLS operations in Eur... Read more

Sale allows Ingram Micro to increase focus on growth of core technology and cloud businessesLOS ANGELES (April 4, 2022) – Platinum Equity confirmed... Read more

Sale allows Ingram Micro to increase focus on growth of core technology and cloud businessesLOS ANGELES (April 4, 20. Read more

April 03, 2022

Cision Completes Acquisition of Streem

Streem brand, platform, and local service continue in Australia and New Zealand (ANZ) market Management team retained with long-term growth mandate Streem joins PR Newswire, Brandwatch, and Falcon.io brands to activate full-service offering for Cision across ANZ SYDNEY and CHICAGO, April 3, 2022 /PRNewswire/ -- Global communications intelligence company Cision announced today that it has completed the acquisition of realtime ... Read more

Streem brand, platform, and local service continue in Australia and New Zealand (ANZ) market Management team retained with long-term growth... Read more

Streem brand, platform, and local service continue in Australia and New Zealand (ANZ) market Management te. Read more

April 01, 2022

Platinum Equity Portfolio Company Paramount Global Surfaces Acquires Stone Source

Acquisition of National Tile and Stone Distributor Strengthens PGS Offering in Growing Commercial Flooring MarketLOS ANGELES and MIAMI (April 1, 2022) – Platinum Equity portfolio company Paramount Global Surfaces (“PGS”) announced today the acquisition of Stone Source from a group of investors led by Founders Equity.  Financial terms were not disclosed.Headquartered in New York, Stone Source distributes natural stone, ceramic tile and oth... Read more

Acquisition of National Tile and Stone Distributor Strengthens PGS Offering in Growing Commercial Flooring MarketLOS ANGELES and MIAMI (April 1, 2022... Read more

Acquisition of National Tile and Stone Distributor Strengthens PGS Offering in Growing Commercial Flooring MarketLOS. Read more