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For nine years, Platinum Equity has served as the presenting sponsor for the annual Jalen Rose Leadership Academy Celebrity Golf Classic, a major fundraising event for the public charter school located in the Detroit neighbor...
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Platinum Equity continues support of annual Malibu Triathlon to benefit Children’s Hospital of Los Angeles
November 01, 2022
Megan Korte had an easy out. A few days before the Malibu Triathlon she was diagnosed with kidney stones. But Korte, who started at Platinum Equity over the summer in the Marketing Department, didn’t miss the triathlon as s...
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How one educator’s use of McGraw Hill’s ALEKS technology helps her students succeed at math
October 20, 2022
Four years ago, Cece Jacobs was a first-year junior high math teacher in an Arizona school district. As a young teacher, she was seeking ways to engage students in math. That’s when she started using ALEKS, an AI-driven...
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) marketManagement team retained with long-term growth mandateStreem joins PR Newswire, Brandwatch, and Falcon.io brands to activate full-service offering for Cision across ANZSYDNEY and CHICAGO, April 3, 2022 /PRNewswire/ -- Global communications intelligence company Cision announced today that it has completed the acquisition of realtime media monitoring... Read more
Streem brand, platform, and local service continue in Australia and New Zealand (ANZ) marketManagement team retained with long-term growth mandate... Read more
Streem brand, platform, and local service continue in Australia and New Zealand (ANZ) marketManagement team retai. 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
March 04, 2022
Platinum Equity Portfolio Company L&R Distributors Acquires SJ Creations
LOS ANGELES and BROOKLYN (March 4, 2022) – Platinum Equity portfolio company L&R Distributors announced today the acquisition of SJ Creations (“SJ”) from the company’s founders. Financial terms were not disclosed.Headquartered in Encinitas, California, SJ is a health, beauty and personal care products company focused on everyday and specialty bath, body and skin care products sold in major retailers under owned brands or private lab... Read more
LOS ANGELES and BROOKLYN (March 4, 2022) – Platinum Equity portfolio company L&R Distributors announced today the acquisition of SJ Creations (... Read more
LOS ANGELES and BROOKLYN (March 4, 2022) – Platinum Equity portfolio company L&R Distributors announced today t. Read more
February 28, 2022
How the Oregon Tool Disaster Response Team assists communities in removing tree debris following storms
When it made landfall last summer, Hurricane Ida downed trees throughout Louisiana, which created hazardous situations in an area accustomed to the dangers of violent storms. Shortly afterward dispatching a team of to assist relief efforts, Oregon Tool representatives received an e-mail from a Hammond, La., resident thanking the company’s Disaster Response Team for its chainsaw support after the Category 4 storm caused an estimated $18 bil... Read more
When it made landfall last summer, Hurricane Ida downed trees throughout Louisiana, which created hazardous situations in an area accustomed to the d... Read more
When it made landfall last summer, Hurricane Ida downed trees throughout Louisiana, which created hazardous situatio. Read more
