Platinum Equity to Acquire Solo, European Provider of Personalizable Products and Apparel
Co-President Louis Samson: Firm’s ‘approach to value creation’ makes good fit with Solo
News
Latest News
June 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...
Read moreMay 10, 2012
Caterpillar to Sell Majority Interest in Third Party Logistics Business to Platinum Equity
Peoria, IL – Caterpillar Inc. today announced it has signed an agreement that would result in Platinum Equity acquiring a 65 percent equity stake in Caterpillar Logistics Services LLC, the third party logistics division of its wholly owned subsidiary, Caterpillar Logistics Inc. (Cat Logistics). The pending sale of the third party business supports Caterpillar's increased focus on the continuing growth opportunities in its core businesses. The overall transaction is valued at approximately $750 million. Under the terms of the agreement, Caterpillar would retain a 35 percent equity stake. Othe...
Read moreApril 17, 2012
MegaPath Now the Largest National Operator of Ethernet Over Copper in the U.S.
San Jose, CA – MegaPath Corporation, one of the leading providers of managed data, voice, and security services in North America, today announced that as a result of its latest build out of central offices across the country, it is now the largest provider of on-net Ethernet over Copper (EoC) services in the United States. MegaPath offers EoC on its network in 19 major markets and counting. Services are available in markets nationwide, including Los Angeles, New York, Washington D.C., Chicago, Dallas, Miami and San Francisco, reaching millions of businesses with symmetrical speeds up to 4...
Read moreApril 17, 2012
Ryerson Announces New Illinois Service Center
Chicago, IL – Ryerson Inc., one of the leading processors and distributors of metals in North America, with global operations in North America, China and Brazil, today announced that it will open a new bar processing depot and full line service center in DeKalb, Illinois. The 150,000-square-foot facility is expected to begin operations in June 2012. "This new facility is a platform for serving our customers' growing demand for the bar market in the Midwest. The expanded capabilities combined with the strategic location and logistical access to suppliers and customers, will allow us to rem...
Read moreApril 16, 2012
American Commercial Lines Expands Liquid Cargo Fleet with Purchase of Eight 20,000 Barrel Capacity Tank Barges
Jefferson, IN – American Commercial Lines (ACL) today announced the purchase of eight 20,000 barrel capacity tank barges from SeaRiver Maritime Inc., a subsidiary of Exxon Mobil Corporation. The purchase will expand ACL's fleet of 325 tank barges, which transport liquid cargoes, including chemicals, petroleum, and renewable fuels throughout the U.S. inland waterway system. The company operates the nation's second largest tank barge fleet and the third largest dry cargo fleet. "This expansion of our fleet enables us to meet shippers' needs for mid-range capacity tank barges and undersco...
Read more
Post 
In 
Email 
Copy link