Centerfield Acquires Digital Commerce Platform ConsumerVoice
Platinum execs remain focused on strategic acquisitions and expansion into new channels.
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January 13, 2014
Telstra to sell majority stake in Sensis
Telstra today announced it had entered into an agreement to sell a 70 percent stake in its directories business, Sensis to US based private equity firm, Platinum Equity for A$454million. The sale excludes the voice services business and includes economic benefits to Telstra from services it will continue to provide to Sensis. Telstra will retain a 30 per cent shareholding with Sensis now valued at A$649million. Platinum Equity is a leading global private equity firm with a highly specialised focus on business operations and 18 years of success in acquiring and operating businesses which ...
Read moreDecember 26, 2013
Platinum Equity to Sell NESCO to Energy Capital Partners
LOS ANGELES, CA--(Marketwired - December 26, 2013) - Platinum Equity announced today it has signed a definitive agreement to sell NESCO to an affiliate of Energy Capital Partners LLC ("ECP"). Terms of the agreement were not disclosed. The sale is expected to close during the first quarter of 2014. Based in Fort Wayne, Ind., NESCO is a leading provider of fleet equipment rental, sales and services for the North American electrical transmission and distribution market. NESCO maintains one of the largest utility equipment fleets in North America and services a broad customer base across a nati...
Read moreDecember 10, 2013
Platinum Equity to Acquire Volvo Rents
Los Angeles (December 10, 2013) – Platinum Equity today announced it has signed a definitive agreement to acquire Volvo Rents from the Volvo Group. Volvo Rents is a leading North American provider of small-to-medium sized rental equipment serving a diverse customer base across multiple industries, including construction, oil and gas, industrial manufacturing, infrastructure, power, and metals and minerals. Platinum Equity Chairman and CEO Tom Gores said he is pleased about the strong relationship developed with the Volvo Group, one of the world’s leading industrial manufacturers. “...
Read moreNovember 22, 2013
Platinum Equity Completes Acquisition of Majority Interest in Emerson Embedded Computing & Power
Los Angeles (Nov. 22, 2013) – Platinum Equity announced today that it has completed the acquisition of a 51 percent controlling stake in Emerson’s Embedded Computing & Power (EC&P) business. Emerson (NYSE: EMR) retains a 49 percent non-controlling interest. The EC&P business is a global technology leader in the development of power conversion and embedded computing solutions for communications, computing and industrial applications. Platinum Equity will establish EC&P as a standalone enterprise under a new corporate identity that will be announced at a later date. P...
Read moreOctober 01, 2013
Platinum Equity Acquires MetoKote Corporation
Los Angeles (October 1, 2013) – Platinum Equity announced today it has acquired MetoKote Corporation, a provider of industrial metal coating services, from CCMP Capital Partners LLC. Terms of the transaction were not disclosed. MetoKote President and CEO Jeff Oravitz will continue to lead the company under new ownership and the company will continue to operate under the MetoKote brand. “We are excited about the transition to new ownership and look forward to working with the Platinum Equity team to continue growing our business by providing customers with best-in-class coatings s...
Read moreOctober 01, 2013
Platinum Equity Completes Acquisition of CBS Outdoor's European Business
London (October 1, 2013) – Platinum Equity and CBS Corporation (NYSE: CBS.A and CBS) announced today that an affiliate of Platinum Equity has acquired the assets of CBS Outdoor International (“CBSO International”), which is among the largest out-of-home media and billboard businesses in Europe. The transaction was first announced in July when Platinum Equity made an irrevocable binding offer to acquire the assets. CBSO International CEO Antonio Alonso said he looks forward to the next step in the company’s evolution. “The CBS Outdoor International team has worked incredibly h...
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