June 05, 2020
Platinum Equity Chairman and CEO Tom Gores sent the following correspondence today in response to a letter dated May 20, 2020 from former FCC Commissioners Mignon Clyburn, Michael Copps, and Gloria Tristani requesting that Securus Technologies, a Platinum Equity portfolio company, take steps to support incarcerated individuals and their families during the COVID-19 pandemic: June 5, 2020 Dear Commissioners Clyburn, Copps and Tristani: Thank you for your May 20 correspondence, and for your continued efforts in support of robust and affordable communications services, particul...
Read moreJune 01, 2020
Add-on Acquisition Marks Second Platinum Equity Small Cap Deal in Last Two Months LOS ANGELES and SALT LAKE CITY (June 1, 2020) – Platinum Equity portfolio company Orbit Irrigation announced today the acquisition of Bond Manufacturing’s garden business from affiliates of the company’s founding family in a carve-out transaction. Financial terms were not disclosed. Headquartered in Antioch, Calif., Bond is a manufacturer and distributor of irrigation and garden products, including hose and watering devices, long and short-handle garden tools, and grower supply goods. The company ma...
Read moreApril 13, 2020
Surgical-grade Masks to Support First Responders and City Workers on Frontline of COVID-19 Crisis DETROIT, Mich. – Pistons owner Tom Gores and Detroit Mayor Mike Duggan announced today that Mr. Gores purchased 100,000 PPE masks for deployment and use by the City of Detroit. The surgical-grade masks will be provided to Detroit police officers, firefighters, bus drivers and other city workers serving the public in order to help slow the spread of COVID-19. “First responders and city workers are on the front line of this crisis and they need our support now more than ever,” said Mr...
Read moreApril 06, 2020
Firm continues pursuing new investments while taking necessary precautions during global pandemic LOS ANGELES (April 6, 2020) – Platinum Equity announced today that the acquisition of Farnese Group from NB Renaissance Partners has been completed. Financial terms were not disclosed. The transaction was signed last December and has now closed as expected, with Platinum Equity teams working hard while adhering to measures taken in response to COVID-19. The firm implemented companywide travel restrictions and work-from-home policies weeks ago in order to protect employees and help slow the...
Read moreFebruary 14, 2020
Acquisition Adds to Global Buyout Firm’s Momentum in Europe LOS ANGELES (February 14, 2020) – Platinum Equity today announced the acquisition of Biscuit International, a leading European manufacturer of private label sweet biscuits. Headquartered in Paris, Biscuit International employs approximately 1,900 people and generated sales in excess of €500m during the last 12 months, of which approximately two-thirds came from outside France. The company markets a wide range of products with a European or local presence, including traditional biscuits and a growing portfolio of product...
Read moreFebruary 10, 2020
Pure-play critical digital infrastructure provider to trade under the ticker symbol VRT Feb. 10, 2020 COLUMBUS, Ohio–(BUSINESS WIRE)–Vertiv Holdings Co, a global provider of critical digital infrastructure and continuity solutions, today announced the completion of the business combination of GS Acquisition Holdings Corp and Vertiv Holdings, LLC. The combination was approved by GS Acquisition Holdings Corp shareholders on February 6, 2020. GS Acquisition Holdings Corp has been renamed Vertiv Holdings Co and is expected to trade on the New York Stock Exchange beginning on Monday, Februa...
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