News
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...
Latest Article
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...
Latest Article
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
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
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 02, 2022
Club Car Completes Acquisition of Garia
Augusta, Ga (June 2, 2022) – Club Car, a leading manufacturer and global leader in golf, consumer, and utility vehicles, today announced that it has completed the acquisition of Garia A/S (“Garia”) a Denmark-based manufacturer of electric street legal low-speed vehicles for the utility, consumer and golf markets. The acquisition also includes Melex, which Garia acquired in 2021 to accelerate its growth in the utility space. Melex is a ma... Read more
Augusta, Ga (June 2, 2022) – Club Car, a leading manufacturer and global leader in golf, consumer, and utility vehicles, today announced that it has... Read more
Augusta, Ga (June 2, 2022) – Club Car, a leading manufacturer and global leader in golf, consumer, and utility vehi. Read more
June 06, 2022
Why Tom Gores and the Pistons are building new $20 million community center in Detroit as a social justice initiative: ‘We should be reacting every single day’
MACKINAC ISLAND – Social justice has become a major point of discussion since the killing of George Floyd by a Minneapolis police officer. Platinum Equity Founder and CEO Tom Gores is no different than other business leaders who have pondered the issue over the last two years. But when he decided to act, instead of going it alone, he sought guidance from those with personal stories of being slighted simply because of skin color. Those ... Read more
MACKINAC ISLAND – Social justice has become a major point of discussion since the killing of George Floyd by a Minneapolis police officer. Platin... Read more
MACKINAC ISLAND – Social justice has become a major point of discussion since the killing of George Floyd by a Minn. Read more
June 10, 2022
Platinum Equity CEO Tom Gores pledges $100 million to build national charitable organization during appearance at Mackinac Policy Conference
During Q&A session with NBC Sports broadcaster Mike Tirico, Gores discusses Platinum origins, civic engagement, diversity goals and philanthropy: ‘We’re just scratching the surface’ MACKINAC ISLAND, Mich. – The chat began with a light-hearted exchange expressing hope the Detroit Pistons reach the NBA Finals in the near future. It ended with applause from an audience impressed by a promise to do more to help society. In his ... Read more
During Q&A session with NBC Sports broadcaster Mike Tirico, Gores discusses Platinum origins, civic engagement, diversity goals and philanthropy:... Read more
During Q&A session with NBC Sports broadcaster Mike Tirico, Gores discusses Platinum origins, civic engagement, d. Read more
June 15, 2022
Solenis’ ‘commitment to people, resilient culture’ receives WSJ recognition
When Platinum Equity announced the $5.25 billion acquisition of Solenis, the firm was highly complementary of the water treatment chemistry company’s leadership. “It is an exceptionally well-run organization with an outstanding management team and a service-oriented culture,” Platinum Equity Partner Jacob Kotzubei said when the definitive agreement was announced last summer. “We believe in the company's mission and we are excited to in... Read more
When Platinum Equity announced the $5.25 billion acquisition of Solenis, the firm was highly complementary of the water treatment chemistry company’... Read more
When Platinum Equity announced the $5.25 billion acquisition of Solenis, the firm was highly complementary of the wat. Read more
June 20, 2022
Platinum Equity to Acquire Majority Interest in Global Intimate Apparel Company Hop Lun
Investment in Hong Kong-based lingerie and swimwear company led by Platinum’s Singapore investment team LOS ANGELES and SINGAPORE, June 20, 2022 — Platinum Equity announced today the signing of a definitive agreement to acquire a controlling stake in international fashion lingerie and swimwear company Hop Lun from company founder Erik Ryd. Financial terms were not disclosed. Founded by Mr. Ryd in 1992 and headquartered in Hong Kong, Hop... Read more
Investment in Hong Kong-based lingerie and swimwear company led by Platinum’s Singapore investment team LOS ANGELES and SINGAPORE, June 20, 2022 ... Read more
Investment in Hong Kong-based lingerie and swimwear company led by Platinum’s Singapore investment team LOS ANGE. Read more
June 29, 2022
Ryerson CEO praises economic promise of American manufacturing at ground-breaking event for subsidiary
Ryerson CEO Eddie Lehner told a crowd of elected officials, dignitaries and construction workers earlier this month that well-paying manufacturing jobs are key to the American economy, according to the Chicago Tribune. He made the remarks came during a ground-breaking ceremony for wholly owned subsidiary Central Steel & Wire. "I am going to say it three times for good luck," Lehner said. "Manufacturing, manufacturing, manufacturing." ... Read more
Ryerson CEO Eddie Lehner told a crowd of elected officials, dignitaries and construction workers earlier this month that well-paying manufacturing job... Read more
Ryerson CEO Eddie Lehner told a crowd of elected officials, dignitaries and construction workers earlier this month t. Read more
July 18, 2022
Peli Products Germany GmbH Acquires Manufacturing capabilities in Germany
The purchase accelerates its Expansion Strategy with further manufacturing capacity for the European marketsBarcelona – July 18, 2022 — Peli Products Germany GmbH, a subsidiary of Pelican Products, Inc., the global leader in the design and manufacture of high-performance protective cases, temperature-controlled packaging solutions and advanced portable lighting systems, announces the acquisition of HVB Kunststofftechnik GmbH’s injection and... Read more
The purchase accelerates its Expansion Strategy with further manufacturing capacity for the European marketsBarcelona – July 18, 2022 — Peli Produ... Read more
The purchase accelerates its Expansion Strategy with further manufacturing capacity for the European marketsBarcelona. Read more
July 28, 2022
Platinum Equity to Acquire High Temperature Solutions Business from Imerys for €930 Million
Proposed Carveout from Paris-based Specialty Materials Leader Adds to Global Buyout Firm’s Momentum in Europe LOS ANGELES and PARIS (July 28, 2022) – Platinum Equity today announced that it has entered into exclusive negotiations to acquire Imerys SA’s High Temperature Solutions business (HTS) in a transaction valued at approximately €930 million. The proposed transaction, which is subject to the fulfillment of customary closing conditio... Read more
Proposed Carveout from Paris-based Specialty Materials Leader Adds to Global Buyout Firm’s Momentum in Europe LOS ANGELES and PARIS (July 28, 2022)... Read more
Proposed Carveout from Paris-based Specialty Materials Leader Adds to Global Buyout Firm’s Momentum in Europe LOS . Read more
