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 • September 08, 2014
Bemis Agrees to Sell Its Pressure Sensitive Materials Business to Platinum Equity
NEENAH, WI. (September 08, 2014) Bemis Company, Inc. (NYSE:BMS) announced today that it has reached an agreement to sell its global Pressure Sensitive Materials business (known as "MACtac") to Platinum Equity, a California-based private equity firm, for a purchase price of $170 million. This transaction, which is subject to customary closing conditions and regulatory approval, is expected to close during the fourth quarter of 2014. The Company plans to use the proceeds of the sale to fund the growth of its flexible packaging business. Commenting on the pending transaction, William Austen, Bem...
Read morePress Releases • August 27, 2014
Platinum Equity Completes Sale of Active Aero to Roadrunner Transportation Systems
LOS ANGELES, CA (August 27, 2014) – Platinum Equity announced today that the sale of Active Aero Group to Roadrunner Transportation Systems, Inc. (NYSE: RRTS) has been completed. Active Aero is a provider of supply-chain solutions focused on transportation logistics for customers with sensitive or time-critical freight, principally in the United States and Mexico. “Through a great collaboration with Active Aero’s management team, we fundamentally improved business operations over the last three years and sharpened the company’s strategic focus,” said Rob Joubran, the Partner at Pl...
Read morePress Releases • August 11, 2014
Platinum Equity Announces Sale of Active Aero to Roadrunner Transportation Systems
Proposed Sale Marks Platinum Equity’s Seventh Divestiture of 2014 and Demonstrates Firm’s Continued Strength in the Lower Middle MarketLOS ANGELES, CA (August 11, 2014) – Platinum Equity announced today a definitive agreement to sell Active Aero Group to Roadrunner Transportation Systems, Inc. (NYSE: RRTS). Active Aero is a provider of supply-chain solutions focused on transportation logistics for customers with sensitive or time-critical freight, principally in the United States and Mexico.Platinum Equity acquired a majority interest in Active Aero in 2011 from a consortium of investors...
Read morePress Releases • July 14, 2014
Expert Global Solutions to Sell Segments of Accounts Receivable Management Business to Platinum Equity
Business Expected to Operate as TSI Once Transaction is Completed Plano, Tex., and Los Angeles, Calif. (July 14, 2014) — Expert Global Solutions (EGS), a global leader in the Business Process Outsourcing (BPO) industry, announced today that it has entered into an agreement to sell certain segments of its Accounts Receivable Management (ARM) business to Platinum Equity, a Los Angeles-based private equity firm with a highly-specialized focus on business operations. Financial terms of the pending transaction were not disclosed. The proposed sale of Transworld Systems, Inc. comprises s...
Read morePress Releases • July 09, 2014
Platinum Equity Sells Wheel Pros to Audax
LOS ANGELES, CA (July 9, 2014) – Platinum Equity today announced the sale of Wheel Pros, a leading designer and distributor of high performance wheels and tires to the automotive aftermarket, to an affiliate of Audax Private Equity. Financial terms of the transaction were not disclosed. “Wheel Pros is a stable and successful business that has evolved into a market leader during our ownership,” said Renee Koontz, principal at Platinum Equity. “The company is well positioned for continued success.” Platinum Equity’s investment started with the acquisition of American Racing i...
Read morePress Releases • June 23, 2014
Platinum Equity's PBH Marine Group Sells Michigan-Based Recreational Boat Business
Turnaround Complete Four Years After Acquiring Brands out of Bankruptcy LOS ANGELES, CA (June 23, 2014) – Platinum Equity today announced the sale of Rec Boat Holdings (“RBH”), the manufacturer of Four Winns, Glastron, Wellcraft and Scarab brand boats, to the Bénéteau Group. Financial terms of the transaction were not disclosed. Platinum Equity acquired the portfolio of boat brands and related assets in 2010 from Genmar Holdings, Inc., through a transaction conducted under Section 363 of the U.S. Bankruptcy Code. Platinum Equity retains ownership of ...
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