Centerfield Acquires Digital Commerce Platform ConsumerVoice
Platinum execs remain focused on strategic acquisitions and expansion into new channels.
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October 02, 2012
BWAY Parent Company, Inc. to be Acquired by Platinum Equity
Atlanta, GA – BWAY Parent Company, Inc, a leading North American supplier of general line rigid containers through its primary operating subsidiary, BWAY Corporation, announced today that it has entered into a definitive agreement to be acquired by an affiliate of Platinum Equity in a transaction valued at approximately $1.24 billion. "We are very excited about this transaction with Platinum Equity. Platinum brings to BWAY a strong operational and strategic focus and a tremendous track record of value creation that we are convinced will help us achieve new levels of success," said Ken Roe...
Read moreAugust 15, 2012
Hilton Worldwide Recognizes 2011 Hotel Development Award Winners for North America
MCLEAN, VA - Hilton Worldwide today announced the winners of its annual development awards for North America in the categories of Lifetime Achievement, Developer of the Year, Best Conversion, Deal of the Year and Outstanding Achievement. Recipients are awarded based on criteria that includes unique hotels developed, total number and quality of hotels, impact on community and fastest construction time. "Our success is due, in part, to the critical contributions and support of our hotel owners," said Craig Mance, senior vice president, North American development, Hilton Worldwide. "Their comm...
Read moreAugust 01, 2012
Caterpillar Completes Sale of Third-Party Logistics Business to Platinum Equity
Peoria, Ill. – Caterpillar Inc (NYSE: CAT) and Platinum Equity announced today that Platinum Equity’s acquisition of a majority interest in Caterpillar Logistics Services has been completed. Caterpillar will retain a 35 percent equity stake in the business. The overall transaction is valued at approximately $750 million. Caterpillar Logistics Services is the third party logistics division of Caterpillar’s wholly owned subsidiary, Caterpillar Logistics Inc. (Cat Logistics). Platinum intends to establish the business as a standalone company under a new brand that will be announced at a ...
Read moreJuly 31, 2012
Image Sensors from Truesense Imaging Enable Mars Science Laboratory To Capture High Definition Images From Mars
Rochester, NY – When NASA's Mars Science Laboratory (MSL) rover Curiosity lands on Mars this weekend, image sensors from Truesense Imaging will be on board to capture high definition color images from the surface of the Red Planet. Curiosity, scheduled to land during the early morning hours of August 6 (U.S. Eastern time), is designed to assess whether Mars ever had an environment able to support life by deploying the most advanced set of scientific instruments ever sent to the planet. As part of that instrument suite, all four science cameras on the rover are designed using image sensors...
Read moreJune 08, 2012
Diversified Machine Announces New Leadership
Wixom, MI – Diversified Machine Inc. (DMI), a vertically-integrated supplier of fully engineered chassis and powertrain components and modules to the automotive industry, today announced the appointment of Robert J. Remenar as CEO. Mr. Remenar, 56, replaces former DMI Chairman and CEO Bruce Swift who stepped down in March. “We conducted a thorough and comprehensive search for a leader with the right combination of experience, ambition and intellect to help drive the transformation of DMI into a larger, global platform,” said Bryan Kelln, President of Portfolio Operations for Platinum ...
Read moreMay 29, 2012
Quark Acquires Mobile IQ for Enterprise Digital Publishing
Denver, CO – Quark announced today its acquisition of Mobile IQ, creators of PressRun™, the cloud-based digital publishing solution developed to deliver innovative, interactive tablet and mobile experiences. Quark was acquired by Platinum Equity in August 2011 and has been working closely with Platinum's M&A team to identify and pursue growth opportunities. Quark identified Mobile IQ as an ideal fit for expanding the company's digital publishing solutions for the enterprise. With an impressive client base and an established presence in the United States and United Kingdom, Mobile IQ...
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