Centerfield Acquires Digital Commerce Platform ConsumerVoice
Platinum execs remain focused on strategic acquisitions and expansion into new channels.
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May 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 moreMarch 23, 2012
DoubleTree by Hilton Carson in South Bay of Los Angeles Celebrates Completion of Multi-Million-Dollar, Hotel-Wide Transformation
Carson, CA - The DoubleTree by Hilton Carson, located at the crossroads of the South Bay in greater Los Angeles, has completed a multi-million hotel transformation project, which includes comprehensive upgrades throughout the hotel's guest rooms, public areas, function space and dining outlets. Centrally located within a 25-minute drive of downtown Los Angeles and Long Beach, the hotel is a proud sponsor of the Home Depot Center Sports and Entertainment Complex (home of the LA Galaxy and U.S. National Soccer Team), which is located less than two miles from the hotel. "The comprehensive make...
Read moreMarch 01, 2012
Platinum Equity Completes Acquisition of DMS Health Technologies
Los Angeles, CA – Platinum Equity announced today that it has completed the acquisition of DMS Health Technologies from Otter Tail Corporation. Platinum did not disclose terms of the agreement. "We are excited about the potential for DMS Health Technologies and look forward to helping the company evolve and continue to thrive under Platinum's ownership," said Brian Wall, the partner at Platinum Equity whose team is leading the DMS acquisition. DMS Health Technologies provides mobile, interim, and fixed-site diagnostic imaging solutions to hospitals, clinics, and other medical providers...
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