Why Platinum Equity Portco McGraw Hill Accelerated Its Digital Transformation
EAST YORK, Pa. — Some things just came naturally to Jackson Lau. Take math. For years, he cruised through the subje...
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Press Releases • February 10, 2015
Platinum Equity Completes Sale of Fishing Boat Business To Bass Pro Group
LOS ANGELES, CA (February 10, 2015) – Platinum Equity today announced that the sale of Fishing Holdings, LLC, the Flippin, Arkansas-based manufacturer of the Ranger Boats, Stratos and Triton fishing boat brands, to Bass Pro Group, LLC has been completed. Financial terms of the agreement were not disclosed. Platinum Equity acquired Ranger Boats and Stratos as part of a larger portfolio of boat brands in February 2010 from Genmar Holdings, Inc., through a transaction conducted under Section 363 of the U.S. Bankruptcy Code. Triton was acquired from Brunswick in July 2010. “Over the pa...
Read morePress Releases • February 03, 2015
BlueLine Rental to Acquire Trico
Strategic Add-On Acquisition to Strengthen BlueLine’s Aerial Lift Offering, Expand Presence in Mid-Atlantic Region and TexasHOUSTON, Texas – February 3, 2015 – BlueLine Rental, a full-service equipment rental company, today announced the signing of a definitive agreement to acquire Trico Equipment, Inc., a rental company specialized in aerial lift equipment with locations in New Jersey, Pennsylvania, Maryland and Texas. Terms of the transaction were not disclosed.“Trico is a very complementary business for BlueLine that will strengthen our aerial fleet mix and capabilities, provide ...
Read morePress Releases • January 13, 2015
Platinum Equity To Sell Ulticom To Mavenir Systems
Divestiture Demonstrates Firm’s Continued Strength in the Lower Middle Market LOS ANGELES, CA (January 13, 2015) – Platinum Equity today announced the signing of a definitive agreement to sell Ulticom to Mavenir Systems (NYSE:MVNR), a leading provider of software-based networking solutions. Ulticom is a leading provider of signaling software used in communications networks. Financial terms were not disclosed. The pending transaction is subject to customary closing conditions and is expected to close on or before January 30, 2015. Platinum Equity acquired Ulticom through a public-to-...
Read morePress Releases • January 07, 2015
Platinum Equity To Acquire Supplier Of Print Rollers And Specialty Components From Royal Ten Cate
Proposed Corporate Divestiture Being Led by Platinum Equity’s Dedicated Lower Middle Market Team LOS ANGELES (Jan. 7, 2015) – Platinum Equity today announced it has signed a definitive agreement to acquire Ten Cate Enbi (“Enbi”) from Dutch multinational Royal Ten Cate (“TenCate”). The transaction is expected to close during the first half of 2015. Financial terms were not disclosed. Enbi is a supplier of paper transport, fusing and image transfer rollers, focusing primarily on the office equipment market. Enbi serves its customers through strategically placed manufacturing fac...
Read morePress Releases • December 11, 2014
Platinum Equity To Sell Fishing Boat Business To Bass Pro Group
LOS ANGELES, CA (December 11, 2014) – Platinum Equity today announced the signing of a definitive agreement to sell Fishing Holdings, LLC, the Flippin, Arkansas-based manufacturer of the Ranger Boats, Stratos and Triton fishing boat brands, to Bass Pro Group, LLC.The pending transaction is subject to regulatory approval and customary closing conditions. Financial terms of the agreement were not disclosed.Platinum Equity acquired Ranger Boats and Stratos as part of a larger portfolio of boat brands in February 2010 from Genmar Holdings, Inc., through a transaction conducted under Section 36...
Read morePress Releases • November 21, 2014
David Boutry Joins Platinum Equity As Global Head Of Business Development
Former Deutsche Bank Managing Director to Lead Platinum Equity’s Dedicated Sourcing and Origination TeamLOS ANGELES, CA, Nov. 21, 2014. Platinum Equity announced today that David C. Boutry has joined the firm as a principal and head of the firm’s global business development team. He is based in Los Angeles and oversees Platinum’s deal origination resources around the world.“Dave is an experienced and creative senior executive who will drive the continued expansion of our global business development platform,” said Platinum Equity Chairman and CEO Tom Gores. “Platinum’s deal sour...
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