Why Platinum Equity Acquired ‘Proud’ Family-Owned Italian Pesto Sauce Producer Polli
In 1872, Fausto Polli opened a small store front selling canned vegetables in the heart of Milan. Since that humble b...
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Press Releases • January 11, 2016
Worldwide Flight Services to Acquire Consolidated Aviation Services
Complementary Acquisition to Expand WFS’s Presence in U.S. Cargo Handling Market LOS ANGELES (Jan. 11, 2016) – Worldwide Flight Services (WFS), one of the world’s leading cargo handlers and providers of ground handling and technical services, announced today an agreement to acquire Consolidated Aviation Services (CAS). Financial terms were not disclosed. The transaction is subject to regulatory approval and other customary closing conditions. CAS, headquartered in New York, is one of the leading cargo handlers in the United States, serving over 250 airline customers. WFS, which was a...
Read moreJanuary 07, 2016
Tom and Holly Gores Partner with Children’s Hospital Los Angeles to Create New State of the Art Allergy Center
The Gores Family Allergy Center will Treat Children with Life-Threatening Food Allergies and Other Allergic Disorders Los Angeles, California (Jan. 7, 2015) – Los Angeles financier and philanthropist Tom Gores and his wife Holly have made a $5 million commitment to establish a new pediatric allergy treatment center at Children’s Hospital Los Angeles (CHLA). In honor of the family’s generous gift, the center will be named the Gores Family Allergy Center and plan to expand clinical treatment for children with severe and life-threatening allergies, in particular allergies to food. The cent...
Read morePress Releases • January 05, 2016
Platinum Equity Completes Sale of DMS Health Technologies to Digirad Corporation
Successful Investment Underscores Platinum Equity’s Continued Strength in the Lower Middle MarketLos Angeles (Jan. 5, 2016) – Platinum Equity today announced it has completed the sale of DMS Health Technologies (“DMS Health”) to Digirad Corporation (NASDAQ: DRAD).Headquartered in Fargo, North Dakota, DMS Health provides mobile diagnostic imaging and related sales and services to small and regional hospitals throughout the country, with a large concentration in the upper Midwest region. Platinum Equity acquired DMS Health in February 2012 from Otter Tail Corporation.“The success of DM...
Read morePress Releases • December 01, 2015
MetoKote Corporation Acquires Malcolm Enamellers ACP Ltd.
Company Adds to Existing U.K. Presence LIMA, Ohio, Dec. 1, 2015 /PRNewswire/ -- MetoKote Corporation, the world leader in advanced coating technologies, announced today the acquisition of Malcolm Enamellers ACP Limited (Malcolms), a leading coating company in Wednesbury, United Kingdom, in the Greater Birmingham area. Malcolms is a wholly owned subsidiary of MetoKote Corporation, and will operate under the name Malcolm Enamellers ACP Limited. Similar to MetoKote's background, Malcolms began operations in a small garage in 1946 and has steadily grown as a result of executing a highly custom...
Read morePress Releases • December 01, 2015
Platinum Equity Completes Sale of Pomeroy to Tolt Solutions
Successful Investment Extends Platinum Equity’s Long History of Creating Value in the Technology Sector Los Angeles (Dec. 1, 2015) – Platinum Equity announced today it has completed the sale of Pomeroy to Tolt Solutions, a portfolio company of Clearlake Capital Group, L.P. Financial terms of the agreement were not disclosed. Pomeroy is a provider of comprehensive information technology solutions and managed services. Platinum Equity acquired Pomeroy in November 2009 in a public-to-private transaction. Platinum Equity Partner Jacob Kotzubei said a strong partnership with Pomeroy’s ma...
Read morePress Releases • November 12, 2015
American Commercial Lines Completes Acquisition of AEP River Operations
Jeffersonville, IN, November 12, 2015 – American Commercial Lines (ACL) announced today it has completed the acquisition of AEP River Operations from American Electric Power (AEP). AEP River Operations is a commercial inland barge company delivering approximately 45 million tons of products annually. The company is based in Chesterfield, Missouri, with operations in Paducah, Kentucky; and Convent, Algiers and Belle Chasse, Louisiana. ACL, a portfolio company of Platinum Equity, is based in Jeffersonville, Indiana, and is one of the most diversified marine transportation service companies ...
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