TruckPro Donates $115,000 Through its 'Gives Back Program'
St. Jude Children's Research Hospital, the Wounded Warrior Project are among the nonprofits that will benefit from donation.
News
Latest News
July 05, 2011
Palace Sports & Entertainment Partners with Oakland University
Auburn Hills, MI -- Palace Sports & Entertainment's success in its innovative role as sports marketer for Oakland University has paid off for both parties as the two organizations have agreed to extended the current agreement, which gives Platinum Equity's portfolio company, Palace Sports & Entertainment's (PS&E), the exclusive rights to sell sponsorship for OU's athletic teams and venues. "We are pleased to continue our relationship with Palace Sports & Entertainment," said Oakland University's Director of Athletics Tracy Huth. "The partnership has been outstanding and we f...
Read moreJuly 01, 2011
KEMET Announces Construction of New Manufacturing Facility in Macedonia
Greenville, SC - KEMET Corporation (NYSE: KEM), a leading manufacturer of tantalum, ceramic, aluminum, film, paper and electrolytic capacitors, today announced plans to construct a new manufacturing facility in Skopje, Macedonia. “This facility is a component of KEMET’s long-term strategy of consolidating and maintaining manufacturing for its European customer base, while fulfilling our objective of lowering the cost structure associated with our Film and Electrolytic business," stated Per Loof, Chief Executive Officer. “The first products to be manufactured at this new facility will ...
Read moreJune 30, 2011
Platinum Equity Confirms Sale of Strategic Distribution, Inc.
Los Angeles, CA – Platinum Equity confirmed today the sale of Strategic Distribution, Inc., (SDI) to LLR Equity Partners and Pouschine Cook Capital Partners. Financial terms of the transaction were not disclosed. SDI provides supply chain management solutions for industrial and institutional customers in the United States, Canada, and Mexico. Platinum Equity acquired SDI through a public-to-private transaction in March 2007 and executed an operational turnaround that stabilized SDI’s financial performance and reoriented the company’s commercial strategy. Several new contract win...
Read moreJune 24, 2011
KEMET Corporation Set to Join Russell 3000 Index
Greenville, SC - KEMET Corporation (NYSE: KEM) joined the US broad-market Russell 3000 Index, according to a preliminary list of additions posted on June 17 on the Russell Investments web site. Platinum Equity made an investment in KEMET in June of 2009 and has played a role in its operational restructuring. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. The Russell 3000 also serves as the U.S. component to the Russell Global Index. Russell determines membership for it...
Read moreJune 16, 2011
Schutt Sports Acquires Adams USA Football Helmet and Faceguard Product Lines
Litchfield, IL – Schutt Sports, a leading domestic manufacturer of protective sports equipment and aftermarket reconditioning services, announced today that it acquired certain football helmet and faceguard assets from Adams USA. Financial terms of the transaction were not disclosed. Schutt Sports will assume responsibility for manufacturing the acquired product lines and will continue marketing helmets and faceguards under the Adams brand name. “Adams is a respected, traditional football brand that has served its customers very well over the years,” said Robert Erb, Schutt Spo...
Read moreMay 31, 2011
NBA Board of Governors Unanimously Approves Sale of Detroit Pistons to Tom Gores
New York, NY – The NBA Board of Governors has unanimously approved the sale of the Detroit Pistons to Tom Gores and his investment firm, Platinum Equity. The transaction is expected to close shortly."We are delighted that the NBA’s Board of Governors approved Tom Gores’ purchase of majority ownership of the Pistons,” said NBA Commissioner David Stern. “We look forward to the Pistons’ continued growth, both on and off the court, under his leadership.”...
Read more
Post 
In 
Email 
Copy link