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.
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December 05, 2011
Platinum Equity Completes Sale of The San Diego Union-Tribune
Los Angeles and San Diego, CA – Platinum Equity announced today it has completed the sale of The San Diego Union-Tribune to MLIM LLC, owned by San Diego entrepreneur Doug Manchester. Terms of the agreement were not disclosed. "We are grateful to have been part of the San Diego community and appreciate all the support we received in our time here," said Tom Gores, Platinum Equity Chairman and CEO. "Many people contributed to the transformation of this business and helped the Union-Tribune manage through some really tough times. From employees to readers to community partners, everyone p...
Read moreNovember 30, 2011
Platinum Equity Company Ryerson Announces New Long Products Service Center in Houston
As reported in the Houston Business Journal, Ryerson, a Platinum Equity portfolio company and Chicago-based metals distributor and processor, is opening a new service center in Northwest Houston. The 50,000 square foot service center will primarily serve oil and gas industry customers. The center will process and distribute products including metal bars and rods used in piping and construction, and will serve as a hub to distribute Ryerson products throughout the Southwest. This new service center marks the fourth location for Ryerson in the Houston area. Two of these four facilities came w...
Read moreNovember 17, 2011
Platinum Equity to Sell The San Diego Union-Tribune to Doug Manchester
Los Angeles and San Diego, CA – Platinum Equity announced today it has signed a definitive agreement to sell The San Diego Union-Tribune (“Union-Tribune” or “U-T”) to MLIM LLC, owned by San Diego entrepreneur, Doug Manchester. San Diego media executive John Lynch serves as President and CEO of MLIM. Terms of the agreement were not disclosed. The transaction is expected to close no later than December 15. No further comment will be provided until the ownership transfer is complete. "We are very proud of what we have accomplished in San Diego and are grateful to the community f...
Read moreNovember 14, 2011
Platinum Equity Company Ryerson Announces New Salt Lake City Service Center Opening
Chicago, -- Ryerson Inc., a leading processor and distributor of metals in North America and Asia, recently celebrated the grand opening of their newest service center located in Salt Lake City, Utah. The new 54,000-square-foot facility is centrally located in the heart of the Salt Lake City business district. The facility houses a large offering of long products and serves as the hub for these products for Ryerson branches in the Western United States. In addition to the extensive inventory of long products, the facility also stocks a wide array of other product shapes in carbon, aluminum,...
Read moreNovember 07, 2011
Kodak Sells Image Sensor Business to Platinum Equity
Rochester, NY – Eastman Kodak Company (NYSE:EK) announced today that it has completed the sale of its Image Sensor Solutions (ISS) business to Platinum Equity in a move that will sharpen Kodak’s operational focus and strengthen its financial position. While the financial details were not disclosed, Kodak will have continuing access to the image sensor technology involved in this transaction for use in its own products. Kodak has previously communicated that it would sell assets that are not central to its transformation to a profitable, sustainable digital company. This sale is aligned ...
Read moreOctober 27, 2011
Platinum Equity Acquires NESCO
Los Angeles, CA and New York, NY – Platinum Equity and Hammond, Kennedy, Whitney & Company, Inc. ("HKW") jointly announced today that Platinum Equity has acquired NESCO from an investor group led by HKW. NESCO founder and CEO, Rob Troxel, will retain an ownership stake in the business going forward. Terms of the transaction were not disclosed. Based in Bluffton, IN, NESCO is a leading provider of fleet equipment rental, sales and services for the North American electrical transmission and distribution market. NESCO maintains one of the largest utility equipment fleets in North America...
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