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APPLING, Ga. - With elected officials and area business leaders on hand, Club Car officially opened its new manufacturing facility recently with a ribbon-cutting ceremony. Club Car CEO Mark Wagner and Georgia Governor Brian ...
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Platinum Equity Partner Mark Barnhill, Detroit Pistons host second-chance event in Detroit
April 19, 2024
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...
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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 ...
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September 03, 2008
Platinum Equity Closes $2.75 Billion Private Equity Fund
LOS ANGELES, CA (September 3, 2008) – Substantially exceeding its original target, Platinum Equity today announced the closing of a $2.75 billion leveraged buyout fund focused on acquiring businesses that can benefit from Platinum’s operational expertise and resources. Platinum launched fundraising with a target of $1.5 billion in committed capital, but strong investor demand and a rising tide of deal opportunities compelled the firm to incr... Read more
LOS ANGELES, CA (September 3, 2008) – Substantially exceeding its original target, Platinum Equity today announced the closing of a $2.75 billion le... Read more
LOS ANGELES, CA (September 3, 2008) – Substantially exceeding its original target, Platinum Equity today announced . Read more
August 04, 2008
Platinum Equity Completes Sale of PNA Group
LOS ANGELES (August 4, 2008) – Platinum Equity announced today that it has completed the sale of portfolio company PNA Group, a leading processor and distributor of metals products, to Reliance Steel & Aluminum Co. (NYSE:RS) in a transaction valued at approximately $1.1 billion.The divestiture transaction was previously announced in June. Platinum acquired PNA Group in May, 2006 and created substantial value in the business through a combin... Read more
LOS ANGELES (August 4, 2008) – Platinum Equity announced today that it has completed the sale of portfolio company PNA Group, a leading processor an... Read more
LOS ANGELES (August 4, 2008) – Platinum Equity announced today that it has completed the sale of portfolio company . Read more
July 02, 2008
Maxim Crane Works Announces Completion of Merger with Platinum Equity
PITTSBURGH, July 2 /PRNewswire-FirstCall/ -- MAXIM CRANE WORKS HOLDINGS, INC. (OTC: MXMC.PK - News; "Maxim Crane") today announced that affiliates of Platinum Equity Capital Partners II, L.P. ("Platinum Equity") have completed the acquisition of Maxim Crane pursuant to the terms of the Merger Agreement it entered into on May 5, 2008. As part of the transaction, Platinum Equity acquired all of the outstanding shares of Maxim Crane for $42.50 per s... Read more
PITTSBURGH, July 2 /PRNewswire-FirstCall/ -- MAXIM CRANE WORKS HOLDINGS, INC. (OTC: MXMC.PK - News; "Maxim Crane") today announced that affiliates of ... Read more
PITTSBURGH, July 2 /PRNewswire-FirstCall/ -- MAXIM CRANE WORKS HOLDINGS, INC. (OTC: MXMC.PK - News; "Maxim Crane") to. Read more
June 17, 2008
Platinum Equity Signs Agreement to Sell PNA Group
LOS ANGELES (June 17, 2008) – Platinum Equity announced today that it has signed a definitive agreement to sell PNA Group, a leading processor and distributor of steel products, to Reliance Steel & Aluminum Co. (NYSE:RS) in a transaction valued at approximately $1.1 billion. The transaction is expected to be finalized within the next 60 days, subject to normal closing conditions including regulatory approval. Platinum acquired PNA Group in ... Read more
LOS ANGELES (June 17, 2008) – Platinum Equity announced today that it has signed a definitive agreement to sell PNA Group, a leading processor and d... Read more
LOS ANGELES (June 17, 2008) – Platinum Equity announced today that it has signed a definitive agreement to sell PNA. Read more
May 09, 2008
Platinum Equity Integrates American Racing, Wheel Pros
Leading High Performance Wheel Brands Are United in Single Powerhouse CompanyLOS ANGELES (May 9, 2008) – Platinum Equity announced today the integration of American Racing and Wheel Pros, two leading distributors of high performance wheels and tires to the automotive aftermarket.The combined company will offer a comprehensive portfolio of wheel products comprising the industry’s best known and most enduring wheel brands, including the full li... Read more
Leading High Performance Wheel Brands Are United in Single Powerhouse CompanyLOS ANGELES (May 9, 2008) – Platinum Equity announced today the integra... Read more
Leading High Performance Wheel Brands Are United in Single Powerhouse CompanyLOS ANGELES (May 9, 2008) – Platinum E. Read more
May 01, 2008
Platinum Equity Completes Acquisition of Composite Manufacturing Plants in Belgium and Norway
LOS ANGELES (May 1, 2008) – Platinum Equity announced today that it has completed the acquisition of Owens Corning’s composite manufacturing plants in Battice, Belgium and Birkeland, Norway, as well as intellectual property and business assets related to those facilities. The plants manufacture and sell composite materials that are used to strengthen and lighten components and parts in the automotive, wind energy, electronics and consumer goo... Read more
LOS ANGELES (May 1, 2008) – Platinum Equity announced today that it has completed the acquisition of Owens Corning’s composite manufacturing plant... Read more
April 15, 2008
Platinum Equity Completes Acquisition of Covad Communications Group, Inc.
LOS ANGELES and SAN JOSE, CA (April 15, 2008) – Platinum Equity announced today it has completed the acquisition of Covad Communications Group, Inc., a leading national provider of integrated voice and data communications. The total value of the transaction is approximately $470 million.The acquisition was a public-to-private transaction in which an affiliate of Platinum Equity acquired all outstanding shares of Covad stock for $1.02 per share ... Read more
LOS ANGELES and SAN JOSE, CA (April 15, 2008) – Platinum Equity announced today it has completed the acquisition of Covad Communications Group, Inc.... Read more
LOS ANGELES and SAN JOSE, CA (April 15, 2008) – Platinum Equity announced today it has completed the acquisition of. Read more
November 11, 2007
Thomas W. Ehardt Appointed CEO of Advogent Group
PISCATAWAY, NJ (January 30, 2008) – Thomas W. Ehardt, a senior executive with more than 25 years experience leading healthcare marketing and education businesses, has been named Chief Executive Officer of the Advogent Group.Advogent, a Platinum Equity company, provides communications and educational solutions to the pharmaceutical, biotechnology and medical device industries, including publication planning, healthcare communications, event mana... Read more
PISCATAWAY, NJ (January 30, 2008) – Thomas W. Ehardt, a senior executive with more than 25 years experience leading healthcare marketing and educati... Read more
PISCATAWAY, NJ (January 30, 2008) – Thomas W. Ehardt, a senior executive with more than 25 years experience leading. Read more
October 19, 2007
Platinum Equity Completes Acquisition of Ryerson Inc.
Takes Company Private in Transaction Valued at Approximately $2 BillionLOS ANGELES (October 19, 2007) – Platinum Equity announced today that it has completed the acquisition of Ryerson Inc., one of the largest metal service centers in North America with annual revenue of approximately $6 billion.The acquisition was a public-to-private transaction in which Platinum acquired all outstanding shares of Ryerson stock for $34.50 per share. The compan... Read more
Takes Company Private in Transaction Valued at Approximately $2 BillionLOS ANGELES (October 19, 2007) – Platinum Equity announced today that it has ... Read more
Takes Company Private in Transaction Valued at Approximately $2 BillionLOS ANGELES (October 19, 2007) – Platinum Eq. Read more
October 03, 2007
Platinum Equity Completes Sale of CompuCom Systems to Affiliate of Court Square Capital Partners
Platinum Equity Completes Sale of CompuCom Systems to Affiliate of Court Square Capital Partners Company Became a Leading IT Solutions Provider Following Acquisition by Platinum and Follow-On Addition of GE IT Solutions Unit BEVERLY HILLS, California (October 3, 2007) – Platinum Equity announced today that it has completed the sale of portfolio company CompuCom Systems to an affiliate of Court Square Capital Partners in a transaction valued at ... Read more
Platinum Equity Completes Sale of CompuCom Systems to Affiliate of Court Square Capital Partners Company Became a Leading IT Solutions Provider Follow... Read more
Platinum Equity Completes Sale of CompuCom Systems to Affiliate of Court Square Capital Partners Company Became a Lea. Read more
