Centerfield Acquires Digital Commerce Platform ConsumerVoice
Platinum execs remain focused on strategic acquisitions and expansion into new channels.
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December 21, 2012
NESCO Acquires Utility Equipment Leasing Corporation
Fort Wayne, IN — NESCO, LLC ("NESCO") today announced that it has acquired Utility Equipment Leasing Corporation ("UELC") from Utility Equipment Holding Company ("UEHC"), pursuant to a stock purchase agreement. "This is an accretive and deleveraging transaction that also further strengthens NESCO's national presence in the utility equipment rental market." NESCO, acquired by Platinum Equity in October 2011, is a leading North American provider of specialty rental equipment for the electric power transmission and distribution industry. UELC provides lease and rental solutions for utilit...
Read moreDecember 03, 2012
BWAY Corporation to Acquire Ropak
ATLANTA, Dec. 3, 2012 -- BWAY Corporation ("BWAY" or the "Company"), a Platinum Equity company and leading North American supplier of general line rigid containers, announced today that it has entered into a definitive agreement to acquire Ropak Packaging ("Ropak") from the LINPAC Group in a transaction valued at approximately $265 million. Platinum Equity acquired BWAY in November 2012 and immediately launched operational and M&A initiatives to strengthen and grow the company.Ropak is a North American producer of rigid, plastic shipping containers serving the consumer goods, food ...
Read moreNovember 20, 2012
Pomeroy Expands Remote Monitoring and Management Services with Acquisition of BluePoint Data
Tuck-in acquisition increases Pomeroy's remote monitoring & management, managed cloud services portfolios. Hebron, KY – Pomeroy, a global leader in managed services to optimize IT infrastructure, today announced that it has acquired the assets of BluePoint Data, Inc. Founded in 2000 and headquartered in Boca Raton, FL, BluePoint Data provides a comprehensive menu of cloud-based managed services for networks, servers, storage, security, applications and databases. The acquisition further strengthens Pomeroy's remote monitoring and management (RMM) offering, effectively doubling the...
Read moreNovember 16, 2012
Contego Packaging Agrees to the Sale of its European Cartons Business to Graphic Packaging
Contego Packaging announced today that it has signed a definitive agreement to sell its food and beverage Cartons business to Graphic Packaging Holding Company. The Cartons business includes operations in the UK, the Netherlands and Ireland with sites in Leeds, Gillingham, Hoogerheide, and Portlaiose. The ownership and growth strategy of the Healthcare business of the Contego Packaging Group remains unchanged and continues to remain focused on expansion through organic and acquisitive growth by building on the significant investments that have been made over the past 18 months. During this ...
Read moreNovember 05, 2012
Platinum Equity Completes Acquisition of BWAY Parent Company, Inc.
Atlanta, GA – BWAY Parent Company, Inc., a leading North American supplier of general line rigid containers, announced today it has been acquired by an affiliate of Platinum Equity in a transaction valued at approximately $1.24 billion. The transaction, first announced October 2, 2012, closed today."We are excited about this next step in the evolution of our company as we transition to new ownership," said Kenneth Roessler, BWAY President and Chief Executive Officer. "Platinum provides strong operational capabilities that perfectly fit our strategic focus for the next chapter. Our goals are ...
Read moreNovember 01, 2012
Caterpillar Logistics Services Becomes Neovia
Chicago, IL -- November 1, 2012 – The business formerly known as Caterpillar Logistics Services today announced a new name and corporate brand identity, Neovia. Neovia provides third-party logistics solutions to the automotive, industrial, mining, aerospace and defense industries. Platinum Equity, a Los Angeles-based private equity firm, acquired a majority interest in the company from Caterpillar Inc. in July. Caterpillar retained a 35 percent equity stake. “The new name, which translates to ‘a new path,’ and our brand mark expresses our forward-thinking culture as we set off on...
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