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By offering a creative financing solution for the combined consideration of $1.2B and by negotiating advantageous contractual terms, Platinum navigated a challenging M&A market to create a platform poised for additional g...
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How $35M renewal of Alabama refractory plant is a ‘remarkable’ story for HarbisonWalker
September 04, 2023
FAIRFIELD, Ala. – The shuttered plant was in rough shape. During a 2021 visit to check the condition of the idled plant, which once manufactured refractory products used for aluminum production, HarbisonWalker International...
Latest Article
Michigan announces Cabinetworks Group adding 110 jobs, relocating corporate headquarters to Detroit suburb
August 31, 2023
Michigan officials announced recently that Cabinetworks Group will add 110 corporate and professional services jobs while moving its headquarters from Ann Arbor, Mich., to a nearby Detroit suburb.Gov. Gretchen Whitmer and the...
May 31, 2006
Platinum Equity Acquires Metals Supply Company Ltd. As Add-On to Steel Services Platform PNA Group
Complementary Business Will Extend PNA’s Reach in North AmericaLOS ANGELES (June 7, 2006) – Platinum Equity announced today that it has acquired Metals Supply Co. Ltd. (“MSC”), a large regional steel service center and distributor with annual revenue in excess of $100 million. The business will be integrated with PNA Group, a $1.5 billion revenue steel service and distribution platform that was acquired by Platinum Equity in May 2006.“M... Read more
Complementary Business Will Extend PNA’s Reach in North AmericaLOS ANGELES (June 7, 2006) – Platinum Equity announced today that it has acquired M... Read more
Complementary Business Will Extend PNA’s Reach in North AmericaLOS ANGELES (June 7, 2006) – Platinum Equity annou. Read more
June 01, 2006
Platinum Equity Signs Definitive Agreement to Acquire Textron Fastening Systems
Acquisition Represents Extension of Platinum’s Global Reach; Unit Serves Customers in 150+ Countries, Has Revenue of Approximately $1.8 BillionLOS ANGELES (June 1, 2006) – Platinum Equity announced today that it has signed a definitive agreement to acquire Textron Fastening Systems, a premier global provider of fastening technologies and services to customers in a broad range of industries.The seller is Textron Inc. (NYSE: TXT), which announc... Read more
Acquisition Represents Extension of Platinum’s Global Reach; Unit Serves Customers in 150+ Countries, Has Revenue of Approximately $1.8 BillionLOS A... Read more
Acquisition Represents Extension of Platinum’s Global Reach; Unit Serves Customers in 150+ Countries, Has Revenue o. Read more
August 11, 2006
Platinum Equity Completes Acquisition of Textron Fastening Systems
LOS ANGELES (August 11, 2006) – Platinum Equity announced today that it has completed the acquisition of Textron Fastening Systems, a premier global provider of fastening technologies and services to customers in a broad range of industries. The seller was Textron Inc. (NYSE: TXT), which divested the $1.8 billion revenue unit as part of a strategic divestiture of non-core manufacturing businesses. “We appreciate Textron’s belief in us a... Read more
LOS ANGELES (August 11, 2006) – Platinum Equity announced today that it has completed the acquisition of Textron Fastening Systems, a premier global... Read more
LOS ANGELES (August 11, 2006) – Platinum Equity announced today that it has completed the acquisition of Textron Fa. Read more
November 07, 2006
Platinum Equity Signs Definitive Agreement to Acquire Healthcare Services Unit from Cardinal Health
LOS ANGELES, CA (November 7, 2006) – Platinum Equity announced today it has signed a definitive agreement to acquire the Healthcare Marketing Services (HMS) unit of Cardinal Health (NYSE: CAH). Terms of the transaction, which is expected to close prior to the end of 2006, were not disclosed. HMS provides sales and marketing communications services and materials to the pharmaceutical and biotechnology industries. The company, which generated ... Read more
LOS ANGELES, CA (November 7, 2006) – Platinum Equity announced today it has signed a definitive agreement to acquire the Healthcare Marketing Servic... Read more
LOS ANGELES, CA (November 7, 2006) – Platinum Equity announced today it has signed a definitive agreement to acquir. Read more
January 10, 2007
Platinum Equity Appoints Maurice S. Nelson Jr. as Chief Executive Officer of PNA Group
LOS ANGELES (January 10, 2007) – Platinum Equity announced today that Maurice S. Nelson Jr. has been appointed as Chief Executive Officer of its portfolio company PNA Group, a premier processor and distributor of steel products to fabricators, manufacturers and distributors.PNA Group was acquired by Platinum Equity in May 2006, and then expanded via the add-on acquisition of Metals Supply Company a short time later. The business generates annua... Read more
LOS ANGELES (January 10, 2007) – Platinum Equity announced today that Maurice S. Nelson Jr. has been appointed as Chief Executive Officer of its por... Read more
LOS ANGELES (January 10, 2007) – Platinum Equity announced today that Maurice S. Nelson Jr. has been appointed as C. Read more
January 19, 2007
Platinum Equity Completes Acquisition of Healthcare Marketing Services Unit from Cardinal Health
LOS ANGELES, CA (January 19, 2007) – Platinum Equity announced today it has completed the acquisition of the Healthcare Marketing Services (HMS) unit of Cardinal Health (NYSE: CAH). Terms of the transaction, which was announced in November, were not disclosed. A transition is now underway to separate the business from Cardinal Health and establish it as a standalone company. The new company will be renamed, and details about the new name an... Read more
LOS ANGELES, CA (January 19, 2007) – Platinum Equity announced today it has completed the acquisition of the Healthcare Marketing Services (HMS) uni... Read more
LOS ANGELES, CA (January 19, 2007) – Platinum Equity announced today it has completed the acquisition of the Health. Read more
January 31, 2007
Delphi Selects Platinum Equity as Lead Bidder in Sale of Steering and Halfshaft Business
TROY, Mich. – Delphi Corporation (PINKSHEETS: DPHIQ) announced today that it is working to finalize a Master Sale and Purchase Agreement with Platinum Equity regarding the sale of Delphi’s global steering and halfshaft business. Delphi announced in March 2006 that, while it recognized the steering business as strategic, it intended to explore a sale of the global steering business as part of its comprehensive transformation plan. According to... Read more
TROY, Mich. – Delphi Corporation (PINKSHEETS: DPHIQ) announced today that it is working to finalize a Master Sale and Purchase Agreement with Platin... Read more
TROY, Mich. – Delphi Corporation (PINKSHEETS: DPHIQ) announced today that it is working to finalize a Master Sale a. Read more
February 16, 2007
Weyerhaeuser to Sell Canadian and Certain U.S. Building Materials Distribution Assets
FEDERAL WAY, Wash. (February 16, 2007) – Weyerhaeuser Company (NYSE: WY) today reaffirmed its commitment to sharpen the focus of its portfolio by announcing its intent to sell its Canadian and select U.S. building materials distribution centers.“The sale of these distribution centers is part of our ongoing effort to sharpen the focus of our portfolio and enhance shareholder value,” said Lee T. Alford, senior vice president of residential wo... Read more
FEDERAL WAY, Wash. (February 16, 2007) – Weyerhaeuser Company (NYSE: WY) today reaffirmed its commitment to sharpen the focus of its portfolio by an... Read more
FEDERAL WAY, Wash. (February 16, 2007) – Weyerhaeuser Company (NYSE: WY) today reaffirmed its commitment to sharpen. Read more
March 29, 2007
Platinum Equity Completes Acquisition of Strategic Distribution, Inc.
LOS ANGELES--(BUSINESS WIRE)--Platinum Equity announced today that it has completed the acquisition of Strategic Distribution, Inc., which provides supply chain management solutions for industrial and institutional customers in the United States, Canada, and Mexico.The acquisition is a public-to-private transaction and Strategic Distribution Inc. has been delisted from the NASDAQ exchange, with each share of common stock converted into the right ... Read more
LOS ANGELES--(BUSINESS WIRE)--Platinum Equity announced today that it has completed the acquisition of Strategic Distribution, Inc., which provides su... Read more
LOS ANGELES--(BUSINESS WIRE)--Platinum Equity announced today that it has completed the acquisition of Strategic Dist. Read more
June 05, 2007
Platinum Equity Completes Weyerhaeuser Acquisition and Relaunches Business as Broadleaf Logistics Co
Platinum Equity Completes Weyerhaeuser Acquisition and Relaunches Business as Broadleaf Logistics CoLOS ANGELES (June 5, 2007) – Platinum Equity announced today that it has completed the acquisition of Weyerhaeuser Company’s wholesale products distribution centers in Canada and established the distribution business as a standalone company named Broadleaf Logistics Company.In conjunction with the acquisition, Platinum Equity announced that Pau... Read more
Platinum Equity Completes Weyerhaeuser Acquisition and Relaunches Business as Broadleaf Logistics CoLOS ANGELES (June 5, 2007) – Platinum Equity ann... Read more
Platinum Equity Completes Weyerhaeuser Acquisition and Relaunches Business as Broadleaf Logistics CoLOS ANGELES (June. Read more
