News
By offering a creative financing solution for the combined consideration of $1.2B and by negotiating advantageous contractual terms, Platinum navigated a challenging M&A market to create a platform poised for additional g...
Latest Article
How $35M renewal of Alabama refractory plant is a ‘remarkable’ story for HarbisonWalker
September 04, 2023
FAIRFIELD, Ala. – The shuttered plant was in rough shape. During a 2021 visit to check the condition of the idled plant, which once manufactured refractory products used for aluminum production, HarbisonWalker International...
Latest Article
Michigan announces Cabinetworks Group adding 110 jobs, relocating corporate headquarters to Detroit suburb
August 31, 2023
Michigan officials announced recently that Cabinetworks Group will add 110 corporate and professional services jobs while moving its headquarters from Ann Arbor, Mich., to a nearby Detroit suburb.Gov. Gretchen Whitmer and the...
October 17, 2005
Platinum Equity Signs Definitive Agreement to Sell ACR Logistics to Kuehne + Nagel International
Operational Performance and Enterprise Value Grew Dramatically Under Platinum OwnershipLOS ANGELES (October 17, 2005) – Platinum Equity announced today that it has agreed to sell portfolio company ACR Logistics to Kuehne + Nagel International AG, one of world’s largest logistics companies.The agreement values ACR Logistics at nearly €500 million euros. The transaction, which is subject to regulatory approval, is expected to be completed in ... Read more
Operational Performance and Enterprise Value Grew Dramatically Under Platinum OwnershipLOS ANGELES (October 17, 2005) – Platinum Equity announced to... Read more
Operational Performance and Enterprise Value Grew Dramatically Under Platinum OwnershipLOS ANGELES (October 17, 2005). Read more
September 20, 2005
Platinum Equity Completes Acquisition of USRobotics®
LOS ANGELES (September 20, 2005) – Platinum Equity announced today that it has completed the acquisition of pioneering network and Internet connectivity provider USRobotics. The transaction was announced on Aug. 15.With an installed base of more than 100 million products in more than 80 countries worldwide, USRobotics is one of the world’s leading producers and distributors of broadband and analog modems, and wired and wireless networking sol... Read more
LOS ANGELES (September 20, 2005) – Platinum Equity announced today that it has completed the acquisition of pioneering network and Internet connecti... Read more
LOS ANGELES (September 20, 2005) – Platinum Equity announced today that it has completed the acquisition of pioneer. Read more
August 15, 2005
Platinum Equity to Acquire USRobotics®
Acquisition Will Strengthen Leading Network Connectivity Provider; Positions Company on a Platform for Growth Through Additional AcquisitionsLOS ANGELES and CHICAGO (August 15, 2005) – Platinum Equity will acquire USRobotics in an all-cash transaction that will both strengthen the pioneering Internet connectivity and networking product provider and position it for future growth, the two companies announced today.“USRobotics has a stellar repu... Read more
Acquisition Will Strengthen Leading Network Connectivity Provider; Positions Company on a Platform for Growth Through Additional AcquisitionsLOS ANGEL... Read more
Acquisition Will Strengthen Leading Network Connectivity Provider; Positions Company on a Platform for Growth Through. Read more
July 27, 2005
Platinum Equity Signs Agreement to Acquire Supply Chain Business from LESCO Inc.
BEVERLY HILLS, Calif. (July 27, 2005) – Platinum Equity announced today that it has reached a definitive agreement to acquire substantially all of the supply chain and distribution assets of LESCO Inc. (NASDAQ: LSCO), a leading provider of products and supplies to the professional turf care industry.The assets being acquired include four blending facilities and a majority of the company’s warehouse and distribution centers, along with consuma... Read more
BEVERLY HILLS, Calif. (July 27, 2005) – Platinum Equity announced today that it has reached a definitive agreement to acquire substantially all of t... Read more
BEVERLY HILLS, Calif. (July 27, 2005) – Platinum Equity announced today that it has reached a definitive agreement . Read more
July 21, 2005
Platinum Equity Acquires American Racing Equipment Inc.
Premier Manufacturer Of High Performance Automotive Wheels Is Envisioned As Platform for Additional AcquisitionsBEVERLY HILLS, Calif. (July 21, 2005) – Platinum Equity announced today that it has acquired American Racing Equipment Inc., a leading manufacturer of high-performance automotive wheels to aftermarket customers in North America, from Noranda Aluminum Inc.Based in Southern California with a heritage dating back 50 years, American Racin... Read more
Premier Manufacturer Of High Performance Automotive Wheels Is Envisioned As Platform for Additional AcquisitionsBEVERLY HILLS, Calif. (July 21, 2005) ... Read more
Premier Manufacturer Of High Performance Automotive Wheels Is Envisioned As Platform for Additional AcquisitionsBEVER. Read more
March 21, 2005
Global Crossing Announces Sale of Small Business Group to Platinum Equity's Matrix Telecom
Florham Park, NJ -- Global Crossing (NASDAQ: GLBC) announced today that it has entered into a purchase agreement to sell its small business group (SBG) to Matrix Telecom®, a Platinum Equity company. Under the agreement, Global Crossing will receive $40.5 million in gross cash proceeds for SBG. In addition, Global Crossing and Matrix have entered into a long term carrier services agreement under which Global Crossing will offer its full suite of ... Read more
Florham Park, NJ -- Global Crossing (NASDAQ: GLBC) announced today that it has entered into a purchase agreement to sell its small business group (SBG... Read more
Florham Park, NJ -- Global Crossing (NASDAQ: GLBC) announced today that it has entered into a purchase agreement to s. Read more
January 18, 2005
Platinum Equity Acquires Universal Group Direct and Dial Business Units from Vivendi Universal
Businesses in France and the United Kingdom are Europe’s Largest Club-Based Marketers of DVD, CD and Video Game Entertainment LOS ANGELES (Jan. 17, 2005) – Platinum Equity announced today that it has acquired Universal Group Direct and DIAL – Europe’s largest club-based marketers of DVD, CD and video game entertainment – from Vivendi Universal. Financial terms were not discl... Read more
Businesses in France and the United Kingdom are Europe’s Largest Club-Based Marketers of DVD, CD and Video Game Entertainment ... Read more
Businesses in France and the United Kingdom are Europe’s Largest Club-Based Marketers of DVD, CD and Video Game Ent. Read more
