News

News
Filter By
Sort by: New | Old

November 07, 2006

Platinum Equity Signs Definitive Agreement to Acquire Healthcare Services Unit from Cardinal Health

LOS ANGELES, CA (November 7, 2006) – Platinum Equity announced today it has signed a definitive agreement to acquire the Healthcare Marketing Services (HMS) unit of Cardinal Health (NYSE: CAH). Terms of the transaction, which is expected to close prior to the end of 2006, were not disclosed. HMS provides sales and marketing communications services and materials to the pharmaceutical and biotechnology industries. The company, which generated ... Read more

LOS ANGELES, CA (November 7, 2006) – Platinum Equity announced today it has signed a definitive agreement to acquire the Healthcare Marketing Servic... Read more

LOS ANGELES, CA (November 7, 2006) – Platinum Equity announced today it has signed a definitive agreement to acquir. Read more

August 11, 2006

Platinum Equity Completes Acquisition of Textron Fastening Systems

LOS ANGELES (August 11, 2006) – Platinum Equity announced today that it has completed the acquisition of Textron Fastening Systems, a premier global provider of fastening technologies and services to customers in a broad range of industries. The seller was Textron Inc. (NYSE: TXT), which divested the $1.8 billion revenue unit as part of a strategic divestiture of non-core manufacturing businesses. “We appreciate Textron’s belief in us a... Read more

LOS ANGELES (August 11, 2006) – Platinum Equity announced today that it has completed the acquisition of Textron Fastening Systems, a premier global... Read more

LOS ANGELES (August 11, 2006) – Platinum Equity announced today that it has completed the acquisition of Textron Fa. Read more

June 01, 2006

Platinum Equity Signs Definitive Agreement to Acquire Textron Fastening Systems

Acquisition Represents Extension of Platinum’s Global Reach; Unit Serves Customers in 150+ Countries, Has Revenue of Approximately $1.8 BillionLOS ANGELES (June 1, 2006) – Platinum Equity announced today that it has signed a definitive agreement to acquire Textron Fastening Systems, a premier global provider of fastening technologies and services to customers in a broad range of industries.The seller is Textron Inc. (NYSE: TXT), which announc... Read more

Acquisition Represents Extension of Platinum’s Global Reach; Unit Serves Customers in 150+ Countries, Has Revenue of Approximately $1.8 BillionLOS A... Read more

Acquisition Represents Extension of Platinum’s Global Reach; Unit Serves Customers in 150+ Countries, Has Revenue o. Read more

May 31, 2006

Platinum Equity Acquires Metals Supply Company Ltd. As Add-On to Steel Services Platform PNA Group

Complementary Business Will Extend PNA’s Reach in North AmericaLOS ANGELES (June 7, 2006) – Platinum Equity announced today that it has acquired Metals Supply Co. Ltd. (“MSC”), a large regional steel service center and distributor with annual revenue in excess of $100 million. The business will be integrated with PNA Group, a $1.5 billion revenue steel service and distribution platform that was acquired by Platinum Equity in May 2006.“M... Read more

Complementary Business Will Extend PNA’s Reach in North AmericaLOS ANGELES (June 7, 2006) – Platinum Equity announced today that it has acquired M... Read more

Complementary Business Will Extend PNA’s Reach in North AmericaLOS ANGELES (June 7, 2006) – Platinum Equity annou. Read more

May 10, 2006

Platinum Equity Signs Definitive Agreement to Sell NextiraOne Europe to ABN AMRO Capital

Under Platinum’s Guidance, the Former Alcatel Business Unit Made a Successful Transition to Standalone Company, and Became One of Europe’s Leading Communications Service Providers   LOS ANGELES and PARIS (May 10, 2006) – Platinum Equity announced today that it has agreed to sell portfolio company NextiraOne Europe to ABN AMRO Capital France, the French private equity business of ABN AMRO Capital. The transaction, subject ... Read more

Under Platinum’s Guidance, the Former Alcatel Business Unit Made a Successful Transition to Standalone Company, and Became One of Europe’s Lea... Read more

Under Platinum’s Guidance, the Former Alcatel Business Unit Made a Successful Transition to Standalone Company, a. Read more

May 10, 2006

Platinum Equity Completes Acquisition of PNA Group, Inc.

LOS ANGELES (May 10, 2006) – Platinum Equity announced today that it has completed the acquisition of PNA Group, Inc., a leading processor and distributor of steel products with annual revenue of approximately $1.2 billion. The transaction was announced in February.   The seller is TUI AG, the largest travel and tourism company in Europe, which has been divesting non-core industrial holdings in order to focus on its core tour... Read more

LOS ANGELES (May 10, 2006) – Platinum Equity announced today that it has completed the acquisition of PNA Group, Inc., a leading processor and d... Read more

LOS ANGELES (May 10, 2006) – Platinum Equity announced today that it has completed the acquisition of PNA Group, . Read more

March 24, 2006

Platinum Equity to Acquire Americatel Corp.

Chile’s Entel to Divest its Shares in Telecommunications Carrier LOS ANGELES, Calif. (March 24, 2006) – Platinum Equity and Empresa Nacional de Telecommunications (“Entel”) announced today a definitive agreement for Platinum to acquire Entel’s holdings in Americatel Corporation, one of the largest U.S.-based providers of telecommunications services to the North American Hispanic market. Under the agreement, Platinum will acquire... Read more

Chile’s Entel to Divest its Shares in Telecommunications Carrier LOS ANGELES, Calif. (March 24, 2006) – Platinum Equity and Empresa Nacional d... Read more

Chile’s Entel to Divest its Shares in Telecommunications Carrier LOS ANGELES, Calif. (March 24, 2006) – Plati. Read more

February 15, 2006

Platinum Equity Signs Definitive Agreement to Acquire PNA Group, Inc. from TUI AG

Acquisition Will Expand Platinum’s Holdings in Steel Services SectorLOS ANGELES (February 15, 2006) – Platinum Equity announced today that it has signed a definitive agreement to acquire PNA Group, Inc., a leading processor and distributor of steel products with annual revenue of approximately $1.2 billion.The seller is TUI AG, the largest travel and tourism company in Europe, which has been divesting non-core industrial holdings in order to ... Read more

Acquisition Will Expand Platinum’s Holdings in Steel Services SectorLOS ANGELES (February 15, 2006) – Platinum Equity announced today that it has ... Read more

Acquisition Will Expand Platinum’s Holdings in Steel Services SectorLOS ANGELES (February 15, 2006) – Platinum Eq. Read more

January 18, 2006

Platinum Equity Acquires Boyd Coddington Wheels; Hires Robert Swelgin to Lead American Racing

Investment firm continues building presence in automotive aftermarket LOS ANGELES (January 17, 2006) – Platinum Equity announced today that it has acquired Boyd Coddington specialty wheels from NRG Motorsports, Inc., a manufacturer and international distributor of automotive aftermarket parts and accessories. Platinum also announced an executive appointment involving its flagship company in the automotive aftermarket, naming Robert Swelgin as t... Read more

Investment firm continues building presence in automotive aftermarket LOS ANGELES (January 17, 2006) – Platinum Equity announced today that it has a... Read more

Investment firm continues building presence in automotive aftermarket LOS ANGELES (January 17, 2006) – Platinum Equ. Read more

January 05, 2006

Platinum Equity Completes Sale of ACR Logistics to Kuehne + Nagel International

Operational Performance and Enterprise Value Grew Dramatically Under Platinum Ownership  LOS 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 ... Read more

Operational Performance and Enterprise Value Grew Dramatically Under Platinum Ownership  LOS ANGELES (October 17, 2005) – Platinum Equity a... Read more

Operational Performance and Enterprise Value Grew Dramatically Under Platinum Ownership  LOS ANGELES (Octobe. Read more