Rehlko Reaches Agreement to Sell Curtis Instruments to Parker Hannifin
Divestiture allows Rehlko to ‘more intensely focus’ on energy resiliency solutions.
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October 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...
Read moreOctober 27, 2011
KEMET Announces Election of Jacob Kotzubei to KEMET Board of Directors
Greenville, SC,-- KEMET Corporation (NYSE: KEM) (the "Company"), a leading manufacturer of tantalum, ceramic, aluminum, film, paper, and electrolytic capacitors, announced today that Jacob Kotzubei has been elected to the Company's Board of Directors. On October 25, 2011, the Company's Board of Directors increased the size of the Board to nine members and elected Mr. Kotzubei to fill the resulting vacancy, placing him in the Board of Directors' Class of 2013. Mr. Kotzubei joined Platinum Equity, LLC ("Platinum Equity") in 2002 and is a Partner at the firm. Mr. Kotzubei serves as an officer ...
Read moreOctober 25, 2011
QuarkXPress 9 from Platinum Equity Company Quark Named Publishing Product of the Year by <i>MacUser</i>
Platinum Equity portfolio company, Quark, announced today that QuarkXPress® 9.1 with App StudioTM has won the MacUser Award for Publishing Product of the Year. The annual MacUser Awards recognize the best products released each year for Apple users. In this year's publishing category QuarkXPress beat out Adobe Dreamweaver CS5.5, Adobe InDesign CS5.5 and Digital Publishing Suite, Aquafadas Digital Publishing Suite, Mag+, Nuance PDF Converter Professional 7, RapidWeaver 5, and Sandvox 2. Adam Banks, Editor of MacUser said, "The arrival of the iPad and other tablets has rapidly changed the wa...
Read moreOctober 20, 2011
Platinum Equity Company Keystone Automotive Operations Acquires NTP Distribution
Exeter, PA – Keystone Automotive Operations, Inc., the leader in distributing specialty automotive components and accessories, in coordination with its majority shareholders Platinum Equity, announced today that it has acquired NTP Distribution Inc. (NTP) is a privately held provider of quality aftermarket products, parts, and accessories for dealers in the recreational vehicle (RV) and towing industries. "This is a terrific example of how Keystone can leverage its strong logistics and distribution capabilities to offer dealers in the RV and hitching and towing industries our unique value...
Read moreOctober 03, 2011
Platinum Equity Completes Sale of AEES
Los Angeles, CA – Platinum Equity announced today it has completed the sale of its North American wire harness business, AEES, to PKC Group. The sale transaction included cash consideration and newly issued PKC shares. AEES is one of the leading North American suppliers of wiring harness solutions to automotive original equipment manufacturers and tier-one suppliers. AEES also has operations in Brazil and Ireland. PKC is one of the leading wiring harness manufacturers for trucks in Europe and South America. “PKC is a great strategic fit for AEES with a complementary geographic footpr...
Read moreSeptember 30, 2011
UNICOM Systems acquires iET Solutions from Platinum Equity
Mission Hills, CA - UNICOM® Systems, Inc., a global leader in IBM mainframe, System i, Unix and Open Systems management solutions today announced that it has acquired the Boston-based international software company, iET Solutions, LLC from Platinum Equity, LLC. The acquisition underlines UNICOM's commitment to the IT Service Management (ITSM) and Software Asset Management market space for midsize and large enterprises, enabling the Company to offer innovative, state-of-the-art technology and services which complement its existing ITPowerPac® solutions which maximizes the potential of the Ope...
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