Centerfield Acquires Digital Commerce Platform ConsumerVoice
Platinum execs remain focused on strategic acquisitions and expansion into new channels.
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October 26, 2015
Platinum Equity to Sell Information Technology Solutions Provider Pomeroy
Successful Investment Extends Platinum Equity’s Long History of Creating Value in the Technology Sector Los Angeles (Oct. 26, 2015) – Platinum Equity announced today it has signed a definitive agreement to sell Pomeroy to Tolt Solutions, a portfolio company of Clearlake Capital Group, L.P. Financial terms of the agreement were not disclosed. The transaction is expected to close in Q4 2015. Pomeroy is a provider of comprehensive information technology solutions and managed services. Platinum Equity acquired Pomeroy in November 2009 in a public-to-private transaction. Platinum Equity ...
Read moreOctober 14, 2015
Platinum Equity to Sell DMS Health Technologies to Digirad Corporation
Successful Investment Underscores Platinum Equity’s Continued Strength in the Lower Middle MarketLos Angeles (Oct. 14, 2015) – Platinum Equity today announced it has signed a definitive agreement to sell DMS Health Technologies (“DMS Health”) to Digirad Corporation (NASDAQ: DRAD). The transaction is expected to close by the end of 2015.Headquartered in Fargo, North Dakota, DMS Health provides mobile diagnostic imaging and related sales and services to small and regional hospitals throughout the country, with a large concentration in the upper Midwest region. Platinum Equity acquired ...
Read moreOctober 01, 2015
Platinum Equity Completes Acquisition of Worldwide Flight Services
LOS ANGELES (Oct. 1, 2015) – Platinum Equity today announced it has completed the acquisition of Worldwide Flight Services from LBO France. WFS is one of the world's largest cargo handlers and a leading global provider of ground handling and technical services. Financial terms were not disclosed. Bastian Lueken, head of Platinum Equity’s European investment team, said: “We are excited about the prospects for WFS and are working with the management team to execute on the company’s long-term growth strategy.” Today WFS is present at over 145 major airports in more than 22 countri...
Read moreOctober 01, 2015
American Commercial Lines to Acquire AEP River Operations
Acquisition Expected to Create Strong Synergies and Reunite ACL Management Team with Business It Helped BuildJeffersonville, IN, Oct. 1, 2015 – American Commercial Lines (ACL) announced today it has signed a definitive agreement to acquire AEP River Operations from American Electric Power (NYSE: AEP).AEP River Operations is a commercial inland barge company delivering approximately 45 million tons of products annually. The company is based in Chesterfield, Missouri, with operations in Paducah, Kentucky; and Convent, Algiers and Belle Chasse, Louisiana. ACL, a portfolio company of Platinu...
Read moreSeptember 03, 2015
The Citizen Hotel Joins Autograph Collection Hotels™ Global Portfolio
Sacramento, California (PRWEB)September 03, 2015 The Citizen hotel in Sacramento, California, which was recently acquired by Platinum Equity, is the latest addition to Autograph Collection Hotels, Marriott International’s exclusive portfolio of properties recognized for celebrating individuality. “Our goal is to give guests of the Citizen an upscale luxury experience with a location convenient to all that downtown Sacramento has to offer,” said Michael George, President and CEO of Crescent Hotels & Resorts. “The partnership with Autograph Collection has positioned us to prese...
Read moreJune 01, 2015
Platinum Equity Completes Sale of Bridge Terminal Transport Services
Successful Investment Highlights Strength of Platinum Equity’s Value Proposition in the Lower Middle Market LOS ANGELES (June 1, 2015) – Platinum Equity announced today the sale of Bridge Terminal Transportation Services (BTT) to XPO Logistics, Inc. (NYSE: XPO) has been completed. Financial terms of the transaction were not disclosed. BTT is a leading marine drayage provider with a network of 28 terminals and 27 container yards throughout the contiguous United States. “Our stewardship of BTT demonstrates the value of Platinum Equity’s operationally-focused approach and our co...
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