News
DETROIT - An event co-sponsored by the Detroit Pistons, the NBA and a variety of government and support organizations aimed to give more than 170 formerly incarcerated citizens a second chance through legal assistance and job...
Latest Article
Latest Article
Platinum Equity’s outreach program for the Jalen Rose Leadership Academy provides mentorship, scholarships. And genuine fun.
April 15, 2024
DETROIT – Roaring laughter - and a little friendly trash talk - was heard in the Little Caesars Arena interview room only minutes before the start of the Detroit Pistons game against the Indiana Pacers on March 20. Jalen ...
Latest Article
Latest Article
How Winc management team, Platinum Equity ops ‘rose to the occasion’ to pull off turnaround for customers in Australia, New Zealand
April 03, 2024
SYDNEY – The distribution center west of Australia’s largest city is operating efficiently on the warm September day.Winc Supply Chain Director Chris Fox proudly takes visitors by rows of empty pallets neatly stacked near...
Latest Article
November 29, 2010
Ryerson Announces New Iowa Plate Processing Center
CHICAGO -- Ryerson Inc., a leading processor and distributor of metals in North America and China today announced that it will open a plate processing center in Eldridge, Iowa. The 175,000-square-foot facility is expected to begin operations in July 2011. The processing capabilities include laser cutting, plasma and oxy-fuel burning, robotic beveling, plate blasting, machining and press brake bending."This new facility is a platform for serving o... Read more
CHICAGO -- Ryerson Inc., a leading processor and distributor of metals in North America and China today announced that it will open a plate processing... Read more
CHICAGO -- Ryerson Inc., a leading processor and distributor of metals in North America and China today announced tha. Read more
November 12, 2010
Pomeroy in Turnaround as Private Firm
HEBRON, KY -- (By Lisa Bernard-Kuhn, Cincinnati Enquirer) After struggling for nearly four years to turn a steady profit, Pomeroy IT Solutions says it's in the midst of a successful turnaround as a private company focused on long-term growth.Roughly one year ago, shareholders of the Hebron-based tech company approved a $68 million deal to transform the 28-year-old publicly traded business into a privately held firm. Since then, Pomeroy has grown ... Read more
HEBRON, KY -- (By Lisa Bernard-Kuhn, Cincinnati Enquirer) After struggling for nearly four years to turn a steady profit, Pomeroy IT Solutions says it... Read more
HEBRON, KY -- (By Lisa Bernard-Kuhn, Cincinnati Enquirer) After struggling for nearly four years to turn a steady pro. Read more
November 11, 2010
Ryerson Names Michael C. Arnold President and CEO
CHICAGO, IL – November 11, 2010 – Ryerson, a leading processor and distributor of metals in North America, today announced the appointment of Michael C. Arnold to the position of president and chief executive officer, effective January 10, 2011. Mr. Arnold, 54, replaces Stephen E. Makarewicz, 63, who announced in May 2010 his plan to retire and will leave after the beginning of the year once the transition is complete.“We conducted a global... Read more
CHICAGO, IL – November 11, 2010 – Ryerson, a leading processor and distributor of metals in North America, today announced the appointment of Mich... Read more
CHICAGO, IL – November 11, 2010 – Ryerson, a leading processor and distributor of metals in North America, today . Read more
October 18, 2010
Platinum Equity to Acquire American Commercial Lines
Public Stockholders to Receive $33.00 per Share in Cash; Transaction Valued at $777 Million JEFFERSONVILLE, IN -- Oct 18, 2010 -- American Commercial Lines Inc. (NASDAQ: ACLI) ("ACL" or the "Company"), one of the largest and most diversified inland marine transportation and service companies in the United States, today announced that it has entered into a definitive merger agreement to be acquired by an affiliate of Platinum Equity, in a transact... Read more
Public Stockholders to Receive $33.00 per Share in Cash; Transaction Valued at $777 Million JEFFERSONVILLE, IN -- Oct 18, 2010 -- American Commercial ... Read more
Public Stockholders to Receive $33.00 per Share in Cash; Transaction Valued at $777 Million JEFFERSONVILLE, IN -- Oct. Read more
October 13, 2010
Platinum Equity Portfolio Company Ranger Boats Announces Expansion: Company Will Invest $13 Million and Create 100+ Jobs
FLIPPIN, Arkansas (October 13, 2010) – Fishing Holdings, the parent company of Ranger Boats, the nation's largest manufacturer of premium fiberglass fishing boats, today announced the expansion of its manufacturing facility in Flippin, Arkansas. The company will invest $13 million to retool, transition and expand its facilities, which will create more than 115 new jobs. The additional jobs will increase total employment at the manufacturing fac... Read more
FLIPPIN, Arkansas (October 13, 2010) – Fishing Holdings, the parent company of Ranger Boats, the nation's largest manufacturer of premium fiberglass... Read more
FLIPPIN, Arkansas (October 13, 2010) – Fishing Holdings, the parent company of Ranger Boats, the nation's largest m. Read more
October 12, 2010
Ulticom Agrees to be Acquired by Platinum Equity
Mount Laurel, NJ (October 12, 2010) Ulticom, Inc. (NASDAQ: ULCM) ("Ulticom" or "Company") announced today that it has signed a definitive merger agreement with affiliates of Platinum Equity, LLC providing for the acquisition of Ulticom by an affiliate of Platinum Equity for merger consideration of $2.33 per share in cash, after payment of a special dividend in the amount of $5.74 per share in cash. Shares held by Ulticom's controlling sharehold... Read more
Mount Laurel, NJ (October 12, 2010) Ulticom, Inc. (NASDAQ: ULCM) ("Ulticom" or "Company") announced today that it has signed a definitive merger agr... Read more
Mount Laurel, NJ (October 12, 2010) Ulticom, Inc. (NASDAQ: ULCM) ("Ulticom" or "Company") announced today that it h. Read more
September 08, 2010
Platinum Equity Portfolio Company PEAK Technologies Leverages ITSmobile Solution to Extend SAP® Workflow Approvals to Sales and Executive Management Team via BlackBerry® Devices
COLUMBIA, MD -- (MARKET WIRE) -- 09/08/10 -- PEAK Technologies, a Platinum Equity Company, today announced it has extended SAP workflow approvals for sales quotations to authorized PEAK users via their BlackBerry devices using the ITSmobile interface.PEAK has been a user of SAP ERP since March 2008, and since go-live has required authorized team members to review and approve sales quotations via SAP workflow from their fixed workstation. Wh... Read more
COLUMBIA, MD -- (MARKET WIRE) -- 09/08/10 -- PEAK Technologies, a Platinum Equity Company, today announced it has extended SAP workflow approvals f... Read more
COLUMBIA, MD -- (MARKET WIRE) -- 09/08/10 -- PEAK Technologies, a Platinum Equity Company, today announced it has . Read more
September 02, 2010
Alliance Entertainment acquired from Source Interlink Companies by Platinum Equity
Alliance Entertainment acquired from Source Interlink Companies by Platinum Equity... Read more
Alliance Entertainment acquired from Source Interlink Companies by Platinum Equity... Read more
Alliance Entertainment acquired from Source Interlink Companies by Platinum Equity. Read more
September 01, 2010
Platinum Equity and The Gores Group Acquire Alliance Entertainment from Source Interlink
Firms Form Joint Venture That Will Operate CD-DVD-Game Distributor as a Standalone BusinessLOS ANGELES, CA (September 1, 2010) – Platinum Equity and The Gores Group today announced that they have acquired Alliance Entertainment from Source Interlink Companies, Inc. Financial terms of the transaction were not disclosed.Alliance Entertainment is the largest wholesale distributor of CD, DVD and videogame titles in the United States, providing di... Read more
Firms Form Joint Venture That Will Operate CD-DVD-Game Distributor as a Standalone BusinessLOS ANGELES, CA (September 1, 2010) – Platinum Equity and... Read more
Firms Form Joint Venture That Will Operate CD-DVD-Game Distributor as a Standalone BusinessLOS ANGELES, CA (September. Read more
September 01, 2010
MegaPath, Covad, Speakeasy Merger Closes
Creates New Communications Powerhouse, Offering a Full Range of Nationwide IP Voice, Security, VPN and Internet ServicesSAN JOSE, Calif.– (BUSINESS WIRE)--MegaPath, Covad and Speakeasy today announced regulatory approval and the completion of their merger, creating a next generation Managed Services Local Exchange Carrier (MSLEC). The new company will have relationships with more than 85,000 business customers and over 4,500 partners througho... Read more
Creates New Communications Powerhouse, Offering a Full Range of Nationwide IP Voice, Security, VPN and Internet ServicesSAN JOSE, Calif.– (BUSINES... Read more
Creates New Communications Powerhouse, Offering a Full Range of Nationwide IP Voice, Security, VPN and Internet Servi. Read more
