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June 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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May 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...

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May 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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May 15, 2015

Maxim Crane Works Acquires Indianapolis-Based Poindexter Crane Services

Transaction Strengthens Maxim's Midwestern Presence as Company Pursues Growth in Market Ripe with Add-On Opportunities PITTSBURGH--May 15, 2015 - Maxim Crane Works announced today it has acquired Indianapolis, Ind.-based Poindexter Transportation, Inc.'s crane services division. Financial terms of the transaction were not disclosed. Maxim CEO Bryan Carlisle said the acquisition is a strategic move designed to expand Maxim's existing Indiana operations and facilitate continued growth in the region. "Acquiring Poindexter's crane services division will help further strengthen our foothol...

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May 11, 2015

Platinum Equity Completes Acquisition of PrimeSource Building Products from ITOCHU

LOS ANGELES (May 11, 2015) – Platinum Equity today announced it has completed the acquisition of PrimeSource Building Products, Inc. from ITOCHU Corporation. Financial terms were not disclosed. PrimeSource, headquartered in Irving, Texas, is the largest distributor of construction fasteners and one of the largest distributors of non-lumber building products in North America. Platinum Equity is a global private equity firm currently investing from a $3.75 billion buyout fund focused on acquiring businesses that can benefit from the firm’s operational expertise. Platinum Equity partne...

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May 04, 2015

Platinum Equity Announces Sale of Bridge Terminal Transport Services

Successful Investment Highlights Strength of Platinum Equity’s Value Proposition in the Lower Middle Market Los Angeles (May 4, 2015) – Platinum Equity today announced it has signed a definitive agreement to sell Bridge Terminal Transport Services, Inc. (“BTT”) to XPO Logistics, Inc. BTT, based in Charlotte, NC, is one of the largest pure-play asset-light drayage providers and a leader in international and domestic transportation solutions at major port locations and inland rail sites throughout the United States. It operates through a network of 28 terminals, 27 container yards a...

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