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February 10, 2020

Gores Holdings III, Inc. Completes Acquisition of PAE From Platinum Equity

Combined company renamed PAE Incorporated and will trade on Nasdaq under PAE and PAEWW LOS ANGELES (February 10, 2020) – Gores Holdings III, Inc. (“Gores Holdings III”) (Nasdaq CM: GRSH, GRSHU, and GRSHW), a special purpose acquisition company sponsored by an affiliate of The Gores Group, LLC (“The Gores Group” or “Gores”), today announced that it completed the acquisition of Platinum Equity portfolio company PAE (“PAE” or the “Company”), trusted provider of outsourced solutions for enduring missions of the United States government and international partners for over 6...

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January 31, 2020

Platinum Equity Completes $2.7 Billion Acquisition of Cision Ltd.

CHICAGO, Jan. 31, 2020 /PRNewswire/ -- Cision LTD., a leading global provider of software and services to public relations and marketing communications professionals, today announced that it has been acquired by an affiliate of Platinum Equity in an all cash transaction valued at approximately $2.7 billion. “Cision is well established as the industry standard platform for communications professionals navigating an increasingly complex environment,” said Platinum Equity Chairman and CEO Tom Gores. “This is an investment that plays to Platinum’s core strengths. We will deploy our ...

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January 21, 2020

Platinum Equity Acquires Marketing Technology Platform Centerfield, Completes Add-on Acquisition of Digital Ventures

Centerfield’s World-Class Customer Acquisition Technology Poised for Additional Growth and Expansion LOS ANGELES – Jan 22, 2020 – Platinum Equity today announced the acquisition of Centerfield, a technology-driven marketing and customer acquisition company. The firm also announced that Centerfield has acquired Digital Ventures, which operates leading web sites in home security, residential services, senior services, and other verticals. Financial terms of the transactions were not disclosed. “Centerfield has delivered millions of customers and sales to many of America’s largest...

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January 09, 2020

Wesco Aircraft Acquired by Affiliate of Platinum Equity, Combined with Pattonair at Closing

VALENCIA Calif., January 9, 2020 – Wesco Aircraft Holdings Inc. (NYSE: WAIR), one of the world’s leading distributors and providers of comprehensive supply chain management services to the global aerospace industry, today announced that the expected acquisition of the company by an affiliate of Platinum Equity has been completed in a transaction valued at approximately $1.9 billion. At closing, Wesco Aircraft was combined with Platinum Equity portfolio company Pattonair, a provider of supply chain management services for the aerospace and defense industries based in the United Kingdom. ...

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January 07, 2020

Platinum Equity Announces $10 Billion Final Close for Flagship Private Equity Fund

Platinum Equity Capital Partners V Will Deploy Firm’s Signature M&A&O® Strategy LOS ANGELES, CA (January 7, 2020) – Platinum Equity announced today the final close of its latest global buyout fund, Platinum Equity Capital Partners V, with $10 billion in total capital commitments.“We are very grateful for the support of our investors worldwide who have entrusted us with their capital and helped extend our global investment reach,” said Tom Gores, founder, chairman and CEO of Platinum Equity. “We have great momentum, with a well-oiled investment machine built on discipli...

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