Centerfield Acquires Digital Commerce Platform ConsumerVoice
Platinum execs remain focused on strategic acquisitions and expansion into new channels.
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January 03, 2012
Platinum Equity Acquires Keen Transport
Los Angeles, CA – Platinum Equity announced today that it has acquired Keen Transport Company, which includes Keen Transport, Inc. and Cressler Trucking, Inc. Keen Transport is a national provider of heavy-haul logistics and transportation services for the construction, mining, and agriculture equipment markets. Cressler Trucking is a general commodity carrier that provides packaged goods transportation, primarily in the Northeast United States. Bill Keen will remain with the company in his position as CEO. Terms of the transaction were not disclosed. "Keen Transport has a rich heritag...
Read moreDecember 12, 2011
Platinum Equity Company Ryerson Acquires Turret Steel
Chicago, IL – Ryerson Inc., a leading distributor and processor of metals in North America, announced today that it has acquired Turret Steel Industries, Inc. and Sunbelt-Turret Steel, Inc., steel service centers headquartered in Pittsburgh. The acquisition also includes Turret-affiliated companies Wilcox Steel and Imperial Logistics. Turret and its affiliates generate annual revenues of approximately $130 million. Terms of the transaction were not disclosed. "This acquisition represents another important step in Ryerson's effort to continue expanding our product offering in the long p...
Read moreDecember 05, 2011
Platinum Equity Company Schutt Sports Features New Youth Helmet Designs, Provides Education at Pop Warner Super Bowl
Orlando, FL – Youth football players across the country are receiving NFL-level protection during this week's Pop Warner Super Bowl games at the ESPN Wide World of Sports – thanks to Schutt Sports, the official helmet and reconditioner of Pop Warner Football. The athletes are wearing youth versions of the Schutt AiR XP and DNA Pro+, two of the most popular helmets in the NFL. Featured on the helmets this year is Schutt's all-new, exclusive Aqua Tech Water Graphics, a graphics treatment that gives the helmets a carbon fiber look. "These helmets drive the players wild," Glenn Beckmann,...
Read moreDecember 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...
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