Platinum Equity Completes Acquisition of Tangent Technologies
Platinum Equity announces completion of Tangent Technologies acquisition.
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July 01, 2020
Platinum Equity Acquires L&R Distributors
Transaction represents the firm’s third Small Cap acquisition in the last four months LOS ANGELES (July 1, 2020) – Platinum Equity today announced the acquisition of L&R Distributors from affiliates of the company’s founders. Financial terms were not disclosed. Headquartered in Brooklyn, New York, L&R is a growing wholesale distributor of consumer products servicing more than 17,000 retail locations throughout the United States. L&R specializes in large SKU-count categories such as cosmetics, hair care products, stationary, office supplies and toys, and operates three d...
Read moreJuly 01, 2020
Platinum Equity Expands Entertainment Portfolio with Acquisition of Deluxe Entertainment's Distribution Business
Firm recruits former CEO Cyril Drabinsky to return and lead business at a pivotal time for an industry disrupted by coronavirus crisis LOS ANGELES (July 1, 2020) – Platinum Equity today announced the acquisition of Deluxe Entertainment Services Inc.’s distribution business (“Deluxe”). Financial terms were not disclosed. Deluxe Entertainment’s creative businesses are not included in the acquisition. Former Deluxe CEO Cyril Drabinsky, who left the company in 2016 to found CineVizion, is returning to lead the business as CEO under Platinum Equity’s ownership. As part of the tra...
Read moreJune 05, 2020
Platinum Equity CEO Tom Gores Discusses Transformation of Securus Technologies With Former FCC Commissioners
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
Platinum Equity Portfolio Company Orbit Irrigation Acquires Bond Manufacturing’s Garden Business
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
Tom Gores Purchases 100,000 PPE Masks for City of Detroit
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
Platinum Equity Completes Acquisition of Farnese Vini
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...
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