Platinum Equity to Acquire PlayPower
PlayPower is a leading designer, manufacturer of recreational, outdoor living systems.
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October 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...
Read moreMay 22, 2015
Maxim Crane Works Acquires Crane Rental Corporation
Pittsburgh, PA -- May 22, 2015 -- Maxim Crane Works announced today it has acquired Orlando, Fla.-based Crane Rental Corporation, a provider of heavy hauling, specialized rigging and crane services in the Southeast United States. Financial terms of the transaction were not disclosed. CRC provides operated and bare crane, rigging and lifting services from three locations in Florida and one in Alabama. The company's fleet includes primarily Crawler, Rough Terrain, All Terrain, fleet platform trailers, dual lane trailers, hydraulic gantry's, Tower and Truck Operated crane equipment. Maxim C...
Read moreMay 21, 2015
Chevrolet Detroit Belle Isle Grand Prix Partners With Tom Gores and Platinum Equity to Light Up MacArthur Bridge and Scott Fountain Lagoon
Belle Isle Bridge Lighting Powered by Platinum Equity from Platinum Equity on Vimeo. Installation of All New LED Lights Improves Visibility and Safety on Belle Isle Detroit – (May 21, 2015) – The Chevrolet Detroit Belle Isle Grand Prix today announced that thanks to a $50,000 donation from Tom Gores and Platinum Equity, all of the broken and aging lights and fixtures lining the MacArthur Bridge have been replaced with high-efficiency LED technology, improving visibility and safety for visitors to the island. The lights surrounding the lagoon near Scott Fountain are all being replaced a...
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