Platinum Equity to Acquire Products & Healthcare Services Business from Owens & Minor
Company is a leading distributor of medical and surgical supplies across the U.S.
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July 08, 2011
SDUT Takes 10 Top Honors at Local SPJ Awards
The San Diego Union-Tribune and its web site, SignOn San Diego, took home top awards at the Society of Professional Journalists annual county contest. The Union-Tribune won ten first-place awards for newspaper writing, including the top award for breaking news. SignOn San Diego took three awards, including the award for Best News Site. The Society of Professional Journalists (SPJ) includes broadcast, print, and online journalists as well as journalism educators and students. Above all, SPJ works to protect the First Amendment guarantees of freedom of speech and of the press. Read the ...
Read moreJuly 06, 2011
Matrix Telecom Announces New Chief Executive Officer
Irving, TX – Matrix Telecom, a Dallas, Texas-based provider of telecom services, announced today Jerry Ou has been appointed President and Chief Executive Officer of Platinum Equity portfolio companies Matrix Telecom and Americatel Corporation. A seasoned executive with more than 10 years experience working in the telecommunications field, Ou had been COO of Matrix Telecom since 2010. He succeeds former President and CEO Charles "Chuck" Taylor, Jr., who left the company to pursue other opportunities. Ou immediately assumes operating responsibilities for all of the Matrix business units, w...
Read moreJuly 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...
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